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Residents in the UAE prefer to use a mix of cash and cards for their daily transactions, with a higher propensity to use credit cards that earn them rewards in return for their outgoing expenditure.
According to a 2019 survey by Visa and the Department of Economic Development in Dubai, UAE consumers are increasingly comfortable paying with cards, with 84 per cent of respondents finding cards more secure than cash.
84%
Of users find cards more secure than cash
However, financial advisors observe that there is no optimal way to use a mix of cash, debit and credit cards to manage your monthly expenditure. It ultimately depends on what mode of payment users are comfortable dealing with and how they want to spend money. Perhaps it is a mix of different methods that work for you.