Tag: Financial Literacy

  • January 24, 2022
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  • 10 minutes read

Using Digital Wallets Vs. Bank Cards Pros and Cons

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.

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  • December 12, 2021
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  • 10 minutes read

How Online Payments Became a Great Advantage for Special Needs People

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.

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  • December 06, 2021
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  • 10 minutes read

Facts Everyone Should Know About QR And Sound Payments In UAE

QR codes and sound-based payment systems are two recent technologies that have entered the public sphere. Even though they are being widely used to make transactions all over the world, not many people know about them or how they work.

If you want to know more about QR codes and sound-based payment systems, keep reading.

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  • November 21, 2021
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  • 10 minutes read

5 Things You Need to Know Before Hiring Domestic Helpers In UAE

When you’re looking for hiring domestic workers, it’s absolutely essential that you’re aware of domestic helpers regulations in the UAE. Without reading the law, you won’t be aware of your rights and your employee’s rights.

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  • November 07, 2021
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  • 4:30 minutes read

How to Reduce Startup Costs for Small Businesses?

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.

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  • October 24, 2021
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  • 7 minutes read

8 Key Factors Affecting the Success of Your Online Business

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.

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  • October 03, 2021
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  • 4:40 minutes read

7 Budgeting Tips for an International Holiday

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!

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  • September 19, 2021
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  • 8.5 minutes

5 Best Ways To Send Money From UAE To India

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.

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  • September 12, 2021
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  • 10 minutes read

Ways to Go Back to School With Your Finances

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.

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  • August 29, 2021
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  • 10 minutes read

Why Does payit Digital Wallet Become Your Primary Way to Make Payments?

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.

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