From incorporation to buying office space and furniture and spending money on marketing and distribution, startup costs are no less nowadays if you want to remain competitive. As per research conducted by Shopify, you need $40,000 to start a small business in the first year.
As one of the fastest-growing eCommerce markets, the UAE’s eCommerce market is expected to grow to $9.2 billion by 2026. In this highly competitive market, online businesses must find ways to stand strong and make sustainable growth.
Planning a vacation this Christmas? How about visiting the Bahamas? Or probably Spain? Japan, perhaps? Sure, an international vacation requires more planning than a local one, but it’s also more fun!
One of the most important considerations for any overseas worker is how easy it is to send money home. Indian expats are some of the most prolific overseas workers and represent a significant majority in the UAE.
When someone says it’s time to go “Back to School” most people generally assume little kids are going off to class. However, it’s become even more common for adults to go back to school now too. There are many reasons why even after graduating, you’re deciding to pursue higher education.
Despite the advent of digital wallets, we haven’t completely replaced credit or debit cards or even traditional cash. We still use them to pay utility bills, make online and in-store purchases, make payments for restaurants, hospitals, schools, and so on.
The modern world has produced innovative ideas to make transactions quicker and easier for the average consumer. This has been done by introducing various payment services such as mobile wallets and mobile banking. Mobile wallets, such as payit, can be used anywhere that accepts cash or credit.
As the world evolves, businesses are looking to expand their payment options to online platforms. When you expand your business payment options, you provide more opportunities for your customers to pay in a manner that they are comfortable with- it might even increase your customer base within time. Hence, it is good to incorporate online payments in your business if it is compatible with your payment procedure.
The invention of online banking has transformed a hectic and lengthy process into a quick and secure method of sending money. According to the Nilson report, around 1.01 billion online transactions occur worldwide.
As the UAE is leading the GCC region in accepting digital payments to become a cashless economy, businesses from all sectors have also adopted more innovative payment methods.