Articles with tag like: Dubai Economy

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UAE consumers go cashless as trust in digital payments surges amid COVID-19

News | Online Payments | 22 Jun 2020

Dubai Police, Dubai Economy (DED), and Visa have released data regarding shifts in the UAE-based consumers’ payment behaviour amid COVID-19. 

UAE, Dubai Police, Dubai Economy, (DED), Visa, payment behaviour, COVID-19, survey, in-store shopping, online shopping, digital payments, contactless cards, mobile wallets, digital wallets, Cash on Delivery, contactless payments, data privacy, biometrics, Apple Pay, Samsung Pay, Gen Z, tokenization, cart abandonment, merchants, ecommerce, local currency, SSL

Dubai launches instant bank account opening facility

News | Payments General | 20 Feb 2020

The Department of Economic Development in Dubai has established a blockchain consortium with six UAE banks, whereby investors be able to open bank accounts instantly.

Dubai Economy, United Arab Emirates, KYC, blockchain, banking, investment, KYC (Know Your Customer) Blockchain Consortium, bank consortium, Emirates NBD, Emirates Islamic, HSBC, Rakbank, Abu Dhabi Commercial Bank, Commercial Bank of Dubai.

UAE ecommerce transactions to reach USD 16 bln in 2019

News | Ecommerce | 29 Jul 2019

Ecommerce transactions in the UAE are forecast to total USD 16 billion in 2019 and grow 23% annually between 2018 and 2022, according to a joint study by Dubai Economy and Visa.

UAE, ecommerce, study, Dubai Economy, Visa