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Pandemic speeds up UAE’s transition to cashless ecosystem issacjohn@khaleejtimes.com Filed on December 29, 2020
A recent poll by Standard Chartered found that 73 per cent of the UAE’s respondents believe Covid-19 has made them more positive about online shopping
UAE residents also are among the top 10 globally when it comes to spending time on the internet and social media, averaging seven hours and 54 minutes daily
The Covid-19 pandemic has accelerated the UAE’s transition to a cashless society by increasing people’s trust in digital transactions and online banking, but still 63 per cent of the people in the country remain either unbanked or under-banked, a senior Dubai Economy official said on Tuesday.