Tag: smart payments

UAE’s Digital Payment Trends to Look for in 2023

The digital payments market in the MENA region is expected to reach $9 billion by 2028 (124% up from 2021). Although the UAE population still relies on cash and credit cards for payments, the new generation and the millennials have already started exploring emerging digital payment methods.

Virtual Cards Vs. Digital Cards: What’s the Difference?

As more than half of the UAE consumers are set to use cashless payments by 2024, virtual cards have become an emerging trend among the residents. Virtual cards have become one of the region’s most popular digital payment methods, as they offer flexibility, simplified payments, speed, and security.

Offer Instant Cash in 1 Minute to Your Employees Through Ratibi Cards

While it is crucial to incentivize and reward your employees for their excellent work, they also require urgent cash, sometimes in financial emergencies.
Unfortunately, most large organizations have lengthy procedures to follow while applying for instant cash requirements.

Digital Payments: How Mobile Wallets Boost the Growth of Your Small Business?

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.

Digitizing Education Payment Ecosystem: Meet Payit and Schoolvoice at GESS

The launch of the Digital School marked a progressive move by Dubai’s government. While the education system is transforming toward providing digital education, the school fee collection system also requires innovative solutions for cashless solutions.

7 Things to Consider While Selecting a Payment Processor for Your Business

Whether you are a small business owner or a big giant in any industry, almost everyone requires payment processing services to run their businesses smoothly. Moreover, nearly 88% of the payment transactions were contactless in 2021, which justifies that customers are moving toward making payments digitally.

How are Digital Wallets Shaping the Future of Digital Payments in the UAE?

More than 50% of the UAE’s consumers use digital wallets to make payments as it allows convenient contactless payment solutions. Additionally, the United Arab Emirates (UAE) residents have been quite active in contributing to the move toward building the world’s most innovative digital economy in the country.

Do’s and Don’ts While Selecting International Mobile Top-Up Providers for the NRIs

As a Non-Resident Indian (NRI), you must have tried different online payment service providers to send your money to your families in India. Be it a mobile balance recharge, bill payment, or utility payment, you need a service provider who can help you make international payments hassle-free.

International Mobile Recharge From the UAE – Top 5 Challenges and How to Avoid Them

Major Asia-Pacific countries such as India, Bangladesh, China, Philippines, etc have on average, more than 70% prepaid phone users leaving the post-paid service users at 30%.

5 Reasons to Use Payit for School Fees Payment

While more than 50% of UAE consumers want to go cashless by 2024, they have already started their march towards using digital wallets for various payments. Consumers demand faster, safer, and more convenient (simple-to-use) payment options and, most importantly, contactless payment methods.