Digital payments surge as ecommerce takes off in UAE

Digital payments surge as ecommerce takes off in UAE

Consumers are increasingly moving away from cash and opting for contact-free and digital payments experiences – and they don't expect to go back, says a study. Consumers are adopting new payment habits at an accelerated pace in the wake of Covid-19, according to the global study by Mastercard conducted in 15 markets including the UAE. Ecommerce is also seeing a surge as Mastercard Spending Pulse reports record growth rates across the globe as consumers increasingly shop online. According to the company's consumer sentiment data, 54% of UAE consumers say that they believe less in store shopping will continue to be a trend due to the convenience and ease that e-commerce provides. With the rise of e-commerce, it is imperative to provide consumers with seamless solution to save and manage their card details across multiple