Receiving a salary without a bank account can be challenging. Although the WPS system allows cash withdrawal, it requires physical presence and time.
Whereas it would be much easier to receive a salary, manage international money transfers, and make payments with just a few taps on your phone. And, all of this is possible via a Payit Plus Account.
Opening a UAE bank account isn’t straightforward since it requires a minimum AED 5k monthly salary. It means those who earn less than AED 5k per month will have to wait for their salaries to be deposited through the WPS system and withdraw their salary from a dedicated kiosk or exchange house by physically visiting there.
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.
While you become your boss when you work as a freelancer in the UAE, you also may deal with some problems, and the most common problem related to freelancing is getting paid on time. You send an invoice to the client and then chase the client for the payment, and after many reminders, you finally receive the money in your bank account.
While digitization is happening across most sectors such as banking, telecommunications, health, etc., educational institutes and schools are also not behind the race. The concept of homeschooling and smart learning are emerging as we see new transformations in the academic industry.
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.
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.