The last registration date for the UAE’s unemployment insurance scheme was 30th June 2023, which was extended to 1st October 2023 to give more time to the employees to sign up. While there’s a sheet of excitement among the residents to enroll in the scheme, many people are still unclear about how to claim the insurance amount in case they get terminated from their jobs involuntarily.
With the virtual cards market projected to reach a staggering $1.3 trillion globally by 2032, experiencing an impressive compound annual growth rate (CAGR) of 12.2%, it’s evident that this digital payment space is revolutionizing the financial landscape
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.