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Arabian Business
15-04-2025
- Business
- Arabian Business
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.
Gulf Insider
16-03-2025
- Business
- Gulf Insider
Wizz Air Announces Its Planes Will Go Cashless
Wizz Air has announced it will transition to a cashless payment system on flights. Starting April 1, 2025, all onboard purchases will be processed exclusively through card payments, including contactless methods such as Apple Pay, Samsung Pay, Android Pay, and Google Pay. Wizz Air is expanding its payment options by now accepting Revolut cards, in addition to VISA and Mastercard, both credit and debit. This enhancement aims to provide passengers with greater convenience and a seamless travel experience. With cashless payments, Wizz Air passengers will be able to easily make purchases without the need to carry cash, simplifying and speeding up the on-board service process. This fast and convenient system ensures a hassle-free shopping experience, allowing travellers to enjoy their journey without the worry of dealing with change or last-minute currency exchange queues. The shift to cashless transactions also enhances hygiene, as crew members no longer need to handle cash, contributing to a cleaner and safer travel environment. The maximum combined amount allowed for onboard purchases per customer will be €150 ($163). For transactions of €50 ($54) or more, a boarding pass will be required. Michael Delehant, Senior Chief Commercial and Operations Officer at Wizz Air highlighted, 'Implementing cashless payments not only streamlines our operations but also allows our crew to focus more on delivering exceptional service rather than managing cash transactions.'
