UAE: Cashless payments are growing faster than expected, says top official khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.
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Canada is the world’s most cashless economy. Leading the way with cashless payments, the latest World Bank data shows 83 per cent of the population (aged 15+) own a credit card – the highest usage in the world.
Canada also has the highest contactless payment limit in the world at $250 CAD (£147~).
Hong Kong takes second place, with the latest figures showing 83 per cent of Hong Kong’s citizens (aged 15+) own a debit card and four major e-wallets are in operation – Apple Pay, Google Pay, Samsung Pay and Alipay.
Commenting on the results of the Cashless Countries report,
James Andrews, senior personal finance expert at