While it is crucial to incentivize and reward your employees for their excellent work, they also require urgent cash, sometimes in financial emergencies.
Unfortunately, most large organizations have lengthy procedures to follow while applying for instant cash requirements.
As per the survey conducted by Visa, 82% of small and medium business owners responded to using more digital payment options, including mobile wallets, to offer their customers simple and secure payment methods.
In fact, nearly 60% of these small business owners replied they would only use digital wallets to accept payments. However, this shift in trends has primarily occurred among large businesses that have the means to provide customers with various payment options.
So, let’s dive deep into what mobile wallets are and how they help you grow your small business.
The launch of the Digital School marked a progressive move by Dubai’s government. While the education system is transforming toward providing digital education, the school fee collection system also requires innovative solutions for cashless solutions.
Once you become a parent, everything changes, and one of the most significant things that will change is your expenses. While raising a child is one of the most fulfilling experiences in your life, many people conveniently forget to mention the impact on your budget.
Only 25% of the high school students in the USA have access to personal finance education this year. However, 80% demanded to be educated about managing their personal finances.
Your loan application in the UAE will be rejected if all your EMIs (equated monthly investments) has reached 50% of your monthly income. Thus, your credit history significantly impacts you when you need money in urgent situations.
When you use your credit card for most of your purchases, you may want to withdraw some cash using it. However, they may charge hefty fees if you don’t repay them on time. But, in times of emergency, you need urgent money without interest, and the best way to solve the problem for a while immediately is a cash advance.
Whether you are a small business owner or a big giant in any industry, almost everyone requires payment processing services to run their businesses smoothly. Moreover, nearly 88% of the payment transactions were contactless in 2021, which justifies that customers are moving toward making payments digitally.
More than 50% of the UAE’s consumers use digital wallets to make payments as it allows convenient contactless payment solutions. Additionally, the United Arab Emirates (UAE) residents have been quite active in contributing to the move toward building the world’s most innovative digital economy in the country.
We all make mistakes and learn from them, but money mistakes are too costly that you must avoid them. Financial decisions need patience and a lot of your time to think about whether a decision is good for you and for your kids.