UAE's Digital Payments Upward Trends 2023
The #digitalpayments market in the MENA region is predicted to reach 9 billions by 2028 (124% up from 2021), making it the second biggest digital wallet market in the world.
- Cashless payment methods will be accounted for more than 50% of the population's transactions by 2024.
Digital payment is rising at an exponential pace across #uae, recording a compound annual growth rate (CAGR) of 18.3% between 2021 and 2023.
- Around 20% of UAE residents reported giving up traditional cash usage.
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