Almost half of UAE consumers believe digital wallets could pave way for a ‘cashless society’: report – ITP.net

Almost half of UAE consumers believe digital wallets could pave way for a ‘cashless society’: report – ITP.net

More than half of the UAE population are using digital wallets for the first time, according to a recent survey by Checkout.com

According to Checkout.com, the growth of digital wallet usage by UAE residents has been spurred by the ease of paying bills, with 58 percent of respondents ranking this as the number one item they use their digital wallet for to make payments, with groceries a close second (55 percent).

The report highlighted that security remains the most important factor for UAE residents when shopping online – with nearly 40 percent of respondents trusting digital wallets as much as banks. Indeed, the future bodes well for digital wallets, with 48 percent of respondents believing that digital wallets could lead to a cashless society in a decade.