Tag: Digital Wallet

Having A Digital Wallet Vs. A Regular Online Bank Account

Thanks to technology, a completely cashless society is no longer a pipe dream. payit is created to ensure that the UAE eventually becomes an entirely cashless society. However, for a lot of people, the concept of a wholly cashless society looks pretty daunting. Many don’t even understand what a digital wallet is and fail to

Why Businesses Need Digital Payments

Since the 70s brought computers under mass ownership, the process of electronic payments has become quite popular. Though previously, these weren’t as systemic and organizational as they are right now, there’s no denying that electronic funds transfer brings with it a lot of ease and convenience.  Going electronic with their payments is beneficial for the

Payit Celebrates 2021 Best Neobank and Best Innovation in User Experience Awards

payit, the UAE’s fully digital mobile wallet, celebrates two awards provided by MEA Finance Banking Technology Summit & Awards 2021.  On the 28th of May, 2021, payit won two awards during an in-person ceremony attended by payit representatives. payit was awarded Best Neobank Award and Best Innovation in User Experience. The awards are a testament to

How Can Your Business Benefit From Using A Mobile Wallet Over Mobile Banking?

  A few years ago, people treated the idea of a digital wallet as one bound to fail. No one was willing to put their money in the hands of this completely foreign idea, especially when you could just use your credit card to make payments just as easily.  However, recent years have seen a

How Is The Mobile Wallet Helpful For Small Businesses?

  It should come as no surprise to anyone that the use of mobile wallets is on the rise. Mobile wallets offer a secure and convenient way of making payments, so who wouldn’t want to use them?  Their growing popularity means that many businesses have now adopted the mobile wallet model. However, this shift in