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Coronavirus to speed up shift to digital payments in the UAE

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Le nuove misure sanitarie innescate da COVID-19 come il distanziamento sociale e le interazioni senza contatto stanno fungendo da catalizzatore per le imprese negli Emirati Arabi Uniti per avviare la trasformazione digitale completa.

Quei commercianti desiderosi di garantire la continuità aziendale e rimanere operativi stanno accelerando l’uso dei pagamenti senza contatto e online.

The new health measures triggered by COVID-19 such as social distancing and contactless interactions are acting as a catalyst for businesses in the UAE to embark on complete digital transformation. Those merchants who are keen to ensure business continuity and stay operational are accelerating the use of contactless and online payments. As a consumer, you will not be needed to swipe a card, punch in your PIN or sign a receipt at the checkout counter for much longer.

The use of banknotes is dropping at a higher speed as it poses the risk of being a potential carrier of germs. The COVID-19 crisis is likely to result in changed payment behavior.

Digital payments are already highly preferred in the UAE. According to a Department of Economic Development survey, 84 per cent of customers considered card payments to be more secure than cash. And contactless payment through cards and digital wallets like EmiratesNBD Pay, Beam, Etisalat Wallet, Apple Pay, Google Play and Samsung Play comprised 25 per cent of all transactions in 2018 in the UAE. The COVID-19 crisis will accelerate their adoption.

Full article on Gulf News.com