Dubai Cashless Strategy targets 90 per cent of transactions being digital by 2026
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Dubai shoppers can now ‘pay with their face’ after stores launch biometric tech
Shoppers in Dubai can now use facial recognition scanners to pay for their shopping
Amazon Payment Services
Adoption of digital payments to boost SME growth
The growing e-commerce sector, facilitated in part by a rapidly evolving digital payment ecosystem, can help SMEs unlock new markets
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E-commerce spend rate in UAE surges post-pandemic; posts twice that of POS spend in Jan-March
According to the latest Network International report, the rise in online spending – both debit card and credit card transactions – was led by digital payments in the government sector, followed by restaurants, supermarkets and convenience stores
cashless payment
Saudi launches instant payment system in drive towards cashless society
Saudi Payments has collaborated with IBM and Mastercard to launch ‘Sarie’, which is the Arabic word for ‘fast’
Apple Pay
The rise of contactless payments in the UAE
Dubai’s biggest bank reveals huge growth in contactless take-up amid ongoing pandemic
cashless payment
Food for thought: Coronavirus shifts restaurant payment trends in UAE
Network International data reveals significant increase in online food delivery spend in the UAE amid ongoing pandemic
Banking system
Video: Vijay Shekhar Sharma wants to bring a billion people to digital payments in India
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.
Amazon
Video: Why big tech is getting into finance
In 2019, many large tech firms announced plans to offer financial products and services.
Apple Pay
Money Talks: Visa delves into the future of online payments
The UAE has set itself a big aim to become a completely cashless society within the next few years.
cashless payment
‘Transforming the business of fun’ with Embed’s Mobile Wallet
Global leader in cashless business management systems and solutions for the amusement, entertainment and leisure industries, Embed is set to empower family entertainment (FEC) businesses with direct sales, services and support
Arab Financial Services
Bahrain’s bwallet expands to include UK transfers
Digital mobile wallet looking to add further countries in coming months
cashless economy
Video: What does a cashless future mean?
Many countries are going cashless at great speed. What are the advantages of ditching hard cash and what are the dangers?
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Visa cardholders to be granted pre-sale access to Coca-Cola Arena events
Dubai’s Coca-Cola Arena has 100 percent contactless payment acceptance
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Lenders cut rates on Network’s $328m loan before London IPO
Network International’s share sale earlier this month was one of Europe’s biggest offering this year.
American Express
Middle East consumers want cashless solutions ‘without fear of being watched’
Convenience and security main challenges for multinational financial services firm in the Middle East, according to Jeb Million, American Express’ Middle East regional chief technology officer