The Prevalence of Electronic Payments in the UAE

 

Dependence on cash is shrinking in the United Arab Emirates faster than many other markets around the world due to the prevalence of electronic payment methods. Improved infrastructure and a rise in point-of-service terminals and ATMs in the country are making it easy for consumers to pay for goods and services with electronic payments. Euromonitor forecasts that card payment transactions in the UAE will grow by 10.4 percent until 2018.

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