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cashless economy

cashless economy

cashless economy
Saudi Arabia uses digital technology for 79 per cent of retail payments
cashless economy
Wizz Air transitions to cashless payments on flights, with contactless Apple Pay, Samsung Pay, Android Pay, and Google Pay cashless economy
The UAE is coming closer to being a cashless society even though some transactions resist digital transformation cashless deliveries
Dubai Cashless Strategy targets 90 per cent of transactions being digital by 2026 banking industry
Here's how the Central Bank of Iraq's initiatives, government mandates, and Visa's contributions are shaping Iraq's path towards a cashless economy by 2030, according to Visa boss Leila Serhan cashless economy
The move is in line with the UAE Central Bank's Financial Infrastructure Transformation Programme Amazon Payment Services
The growing e-commerce sector, facilitated in part by a rapidly evolving digital payment ecosystem, can help SMEs unlock new markets Abdulla Almoayed
Kingdom has announced its ambition to go cashless, aiming for 70 percent non-cash transactions by 2030 cashless economy
CEO Nandan Mer says he continues to be positively surprised by the scale of opportunities as 2021 revenues, profits rise cashless economy
Dr. Saeeda Jaffar, GCC group country manager for VISA, unpacks wideranging research that shows only one percent of businesses in the UAE want to keep cash, and many are ready to accept cryptocurrency, among a host of findings cashless economy
Close to 94 percent of the country's consumers say they will continue using digital payments as much as, or more than 2021, and only 1 percent of SMEs expect their business to continue dealing with physical transactions, new Visa research findings indicate cashless economy
Market opportunity for this sector is substantial with over 43 million cardholders, and with no signs of digital payments disappearing, fintechs will continue to have the foundations to prosper within Egypt cashless economy
Female confidence in digital transactions is higher than their male counterparts, and 30 percent reported no challenge in accepting digital payments versus cash cashless economy
New Mastercard research shows 81% of the region's female entrepreneurs have a digital presence for their businesses BenefitPay
Kingdom's national electronic wallet, BenefitPay announced a 785% increase in the number of remittances through its Fawri+ service in 2020 – exceeding $5m cashless economy
J.K. Khalil, Saudi Arabia, Bahrain and Levant region Cluster Head for Mastercard, reveals the future for contactless will continue, with recent surveys in the Kingdom showing 80 percent won't revert to cash. Banking system
To say that Vijay Shekhar Sharma is ambitious is an understatement. The founder of Paytm, India's largest digital payments company, has already revolutionised the way 400 million people spend money – whether it's buying dinner, paying an electric bill or sending money to a friend.

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UAE shoppers want 1-click, biometric checkouts for safer online payments: Visa
UAE shoppers want 1-click, biometric checkouts for safer online payments: Visa

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UAE shoppers want 1-click, biometric checkouts for safer online payments: Visa

Consumers across the UAE are calling for more secure and seamless online shopping experiences, according to Visa's latest Checkout Friction Report. Despite the rapid growth of ecommerce and digital adoption in the region, key challenges at the checkout stage continue to hinder consumer satisfaction and business performance. Based on a survey of more than 2,000 online shoppers across the GCC, the report shows that security concerns and complex payment steps are the top barriers to smooth transactions. Online shopping in the UAE In the UAE, 40 per cent of shoppers cite fear of fraud as their biggest concern, while 37 per cent are frustrated by the need to repeatedly enter card details. Shopping frequency is high, with one in three UAE consumers buying groceries online multiple times a week, and categories like fashion, entertainment, and electronics seeing regular purchases monthly. However, friction during checkout can lead to abandoned carts and lost revenue for retailers. Visa's research underscores a growing preference for advanced payment technologies. A significant 67 per cent of UAE shoppers said they would adopt biometric authentication like fingerprint or face ID to check out online. Additionally, 65 per cent support a unified registration process for digital payments across websites. The report also highlights that 82 per cent of consumers would shop online more frequently if one-click checkout options were widely available, and 66 per cent are likely to use Visa's 'Click to Pay with Biometrics' feature. This solution simplifies online shopping by eliminating manual card entry, using secure device-based biometric authentication to speed up and protect the transaction process. Salima Gutieva, Visa's VP and Country Manager for UAE, said: 'Challenges in the online checkout process have direct implications for businesses, resulting in lost revenue, and hampering both customer acquisition and retention. 'Today's consumers expect – and deserve – a more seamless and secure eCommerce experience. That's why Visa is working with partners to enable solutions like Click to Pay, which leverages biometrics and tokenisation to eliminate key pain points and deliver a more convenient shopping experience.

Big Tech Eyes Stablecoins to Streamline Global Payments
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Big Tech Eyes Stablecoins to Streamline Global Payments

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Qatar Islamic Bank Partners with Visa to Boost Cross-Border B2B Payments
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Qatar Islamic Bank Partners with Visa to Boost Cross-Border B2B Payments

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