There are many benefits of digital payments, such as transparency, security, financial inclusion, and cost savings and this is through increased speed and efficiency. Without further ado, let’s check the digital payment insights in the UAE. The Value of Digital Payments in the UAE: What Is Driving Usage in the UAE? Since the acceptance of …
Consumer banking habits have been evolving, and users have many choices for how and where they bank. New devices and digital banking tools give consumers the convenience of banking on the go, but the traditional banking center still has plenty of fans for certain kinds of transactions. Consumers use their phones to avoid having to …
Digital payment is a way of payment which is made through digital modes. In digital payments, payer and payee both use digital modes to send and receive money. It is also called electronic payment. No hard cash is involved in digital payments. All the transactions in digital payments are completed online. Smartphone has emerged as a preferred mode for carrying out digital payments since it …
The payments industry is no exception, and with new innovations of AI and biometrics, the digital transformation is well underway, card payments are still prevalent in the USA. Take a glance at the allowed payments by the government & businesses in the USA: 63% of the USA businesses are accepting non-cash transactions, while 48% are accepting alternative payments. 38% …
The digital payment usage remains more preferred than any other ways. In India and among all digital payment users surveyed, 88% of them indicated that they prefer cashless payment over cash payment. Almost half of them (48%) use digital payment for more than 75% of their transactions. Another rate estimated with 34% cited that they …
65% of the Middle East banking accounts owners surveyed are using digital banking services to pay bills at least once a month. 62% are checking their bank statement at least once a week, followed by 61% of the sample manage their bank accounts at least once a week too.
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