What does a cashless future mean for businesses in the UAE? | Webarro UAE

What does a cashless future mean for businesses in the UAE?

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What the cashless future means for businesses in the UAE? (Infographic)

With a large number of legislations being imposed, a cashless society in the UAE is all set to be a reality. The country has witnessed a significant increase in the credit and debit card transactions between 2011 and 2015. And that’s not all. The e-commerce market in the UAE is predicted to double its current size by 2020, which will be huge.

Given these circumstances, what exactly are we expecting to see in the cashless future of the UAE? Let’s explore the possibilities through the infographic below.

 

 

Sources:

https://newsroom.mastercard.com/press-releases/uae-among-top-countries-rapidly-moving-beyond-cash-mastercard-study/

http://gulfbusiness.com/cashing-future-payments/

https://www.arabianbusiness.com/content/376661-the-biggest-opportunity-for-cashless-future-lies-with-the-smallest-merchants

https://usa.visa.com/dam/VCOM/global/visa-everywhere/documents/visa-cashless-cities-report.pdf

https://gulfnews.com/business/banking/uae-on-course-for-a-cash-free-future-1.1837182

https://www.rizmona.com/blog/emergence-cashless-society-uae/

Webarro Staff Writer
Webarro Staff Writer
Bringing the latest industry updates and news to you through meticulous content creation and curation from our desk of seasoned writers.
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