More than half of UAE consumers plan to be cashless by 2024, Visa report finds – The National

More than half of UAE consumers plan to be cashless by 2024, Visa report finds – The National

More than half of the UAE consumers who responded to a survey plan to be cashless by 2024 compared to the global average of 41 per cent, according to a new report by Visa.

More than two-thirds (68 per cent) of the respondents in the UAE said they abandoned a purchase in the past few months because digital payments were not accepted by the merchant, the survey showed.

The coronavirus pandemic, which aided the shift to online payments and shopping in the UAE, led to permanent changes in habits, the FinTech company found.