Over half of UAE population using digital wallets: Survey

Over half of UAE population using digital wallets: Survey

A new survey by leading Mena payments solutions provider, Checkout.com, reveals that security remains the most important factor for UAE residents when shopping online — with nearly 40 per cent of respondents trusting digital wallets as much as banks.

Published: Sun 5 Jun 2022, 12:08 AM Last updated: Sun 5 Jun 2022, 12:11 AM

Do you have a digital wallet? should you have one? contactless payments, online shopping, surge in ecommerce are some of the factors that have shaped evolving of digitial wallet which gives multiple options to buy goods and services easing life-style and enhancing consumer experience.

Digital wallet is a financial transaction application that runs on mobile devices. It securely stores your payment information and passwords. These applications allow you to pay when you’re shopping using your device so that you don’t need to carry your cards around. You enter and store your credit card, debit card, or bank account information and can then use your device to pay for purchases, according to Investopedia.

A new survey by leading Mena payments solutions provider, Checkout.com, has found over half of the UAE population are using digital wallets for the first time. The survey reveals that security remains the most important factor for UAE