The Rise of Digital Payments in the UAE

Aug 31, 2023

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Experience the rapid ascent of digital payments in the UAE. Discover how technology-driven transactions are reshaping the financial landscape, offering convenience, security, and seamless transactions for businesses and individuals alike. Explore the dynamic shift towards a cashless future.<br><br>https://www.tntra.io/blog/driving-business-growth-dubai-cashless-payment-systems/

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The Rise of Digital Payments in the UAE

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UAE's Digital Transaction Growth Rate Exceeded 9% YoY from 2014 to 2019. Total Transaction Value in the Digital Payments Market is Projected to Reach USD 29Bn in 2023. UAE Consumers Payment Trends 53% 97% 51% Expect digital options when they shop in person Pay using mobile wallets Prefer tapping a credit or debit card Growing UAE e-Wallet Market Between 2022 and 2028 (in USD Million) 7183.93 7,500 64% 3638.21 5,000 2,500 0 2022 2028F Digital Payments Momentum of consumers have used at least one digital payment platform. 88% Engineering | Ventures | Incubation www.tntra.io

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