“I received a text message from DEWA that alerted us that our water consumption is 70% higher than our regular use. Upon investigating, my husband found that one of the bathrooms had a leakage that we generally would not have been able to find out.”
One of the major drivers for the United Arab Emirates (UAE) consumers to turn more digital about payments is the global pandemic. People started adopting digital ways (e-wallets, payment links, etc.) to make payments and money transfers.
NFC (Near Field Communication) is a comparatively short wireless networking technology based on standards that are increasingly being used in consumer and professional electronics, notably for integrating mobile devices as a way of sharing digital content. Users can use Near Field Communication (NFC) technology to make secure transactions, share digital data and content, and connect electronic devices with a single tap. NFC broadcasts have a small range (from a few centimeters to a few inches) and require the devices to be close together.
The trend of online shopping gained unprecedented momentum during the Covid pandemic. Globally people suddenly found their movements restricted or completely stopped due to the imposition of lockdowns. Many businesses scampered to create an online version of their offline stores. While businesses with the foresight and appetite to vet the eCommerce environment beforehand saw their profit margins soar exponentially.
Dubai is the city of dreams. Over the past two decades or so, Dubai’s taken center stage in the world’s economy, attracting ambitious entrepreneurs from across the globe.
From a humble desert city into an energetic metropolitan hub, Dubai’s the abode for some of the highest number of expats in the world. This isn’t surprising as the city offers a superior quality of life, unsurpassed infrastructure, and plenty of cultural activities. The result is thousands of individuals asking about the steps for a free zone company setup in Dubai.
From a business perspective, Dubai is the “city of opportunities”. The best of the seven Emirates, it has shaped itself from a humble trading port into a global business hub. So a business Setup in Dubai means you practically have the world at your fingertips.
If you plan to setup a business in Dubai we will hold your hand and guide you all the way to starting your business in Dubai successfully such as we did before in our 101 guide for a business formation in UAE.
The UAE has always been the ideal oasis to start your business. Strategically located between Asia, Europe, and Africa, it tops the ranks for being the most lucrative country for foreign investments. If you plan on setting up a business in the UAE, the time is ripe, especially if you are an expat.
The popularity of digital wallets has increased significantly over the past few years. Digital wallets are now a common tool for day-to-day transactions because of their friendliness, convenience, ease of use, and security.
Have you ever used a digital wallet? If you have used it, do you think it is better than debit or credit cards? With the growing popularity of mobile wallets, traditional credit/debit cards are being taken over by this new invention.
Digital wallets are a great innovation that is shaking up the world of banking. It has brought to the table many new features that make it stand out compared to traditional cards. It has led to the growth of contactless payments in the UAE, which now accounts for 13% of the total payments as a key player, compared to the initial 10%.
However, nothing has a hundred percent efficiency, and digital wallets are no exception. They have some downsides that credit/debit cards might cover. So let us look at using digital wallets vs bank cards Pros and Cons.
We live in a fast-paced, highly digitized world. Information and data move faster than ever before thanks to the advent of modern technology, particularly the internet.
While there certainly are some criticisms concerning the internet, there’s no denying that it’s made life significantly simpler for all of us. Special needs individuals, in particular, can testify to this.