Navigating the Crypto Market: Understanding Exchange Types
Trading volumes of crypto have reached $139 million. In fact, 97% consider digital assets like cryptocurrency a safe way of investment.
Trading volumes of crypto have reached $139 million. In fact, 97% consider digital assets like cryptocurrency a safe way of investment.
Gift-giving just got much easier with Payit’s latest feature, eGift Card. As one of the UAE’s leading digital wallet apps, Payit presents you with a sustainable, hassle-free, and personalized way of gifting through Payit’s eGift Card.
The UAE is projected to reach AED 345.2 billion (US$94.0 billion) in card payments by 2025 at a compound annual growth rate (CAGR) of 7.3%, per GlobalData’s Payment Card Analytics. With more people shifting towards using virtual or digital cards, there is no denying the importance of payment cards in the UAE’s economy.
With card payments accounting for almost half of all transactions in the UAE, 2023 is seeing a significant shift in how we make online payments. The trend has paved the way for virtual cards, giving traditional cards a virtual facelift.
When opening a bank account, you are always asked whether you want savings or a current account. If you don’t know which one you should select, you will end up opening the wrong account that will not serve your purpose.
As Ramadan is nearing, the UAE is already witnessing a shift in consumer behaviour in a way that more online shopping is anticipated. Starting from the evening of 22nd March 2023, Ramadan this year is all about using digital payments, digital platforms, and online orders.
The United Arab Emirates (UAE) has a whopping population of 9 million expats, which comprises 88.52% of the total population. Attractive package, lap of luxury, and the dash & dunes of the country have gathered more expats to work for them.
However, living in this country from a financial perspective is not smooth sailing if you haven’t planned your finances. This blog is your go-to guide for personal finance tips if you are a working expat in the UAE
As a card-dominated country, UAE has 63% of its total population as credit cardholders. They use credit cards for shopping, payments, and even to withdraw money. Although debit cards are used to withdraw money from Automated Teller Machines (ATMs), credit cards also facilitate withdrawing cash at a specific cost.
High-end digital solutions such as digital banks and mobile wallets have become more prevalent in the modern period, and more people are using them to send and receive money.
The unemployment insurance scheme announced by the UAE government is effective from 1st January 2023. The scheme is introduced to offer social security during unemployment and enhance the competitiveness of unemployed people. Already 250,000 people applied to the scheme by 12th Jan 2023