Monday, 06 December 2021 09:42 GMT

Digital payments to enhance Mideast GDP by USD100bn


(MENAFN) Digital payments will oust cash as king in the Mideast, and enhance regional GDP by almost USD100bn.

Meanwhile, as Mideast nations accelerate their digital transformation agendas with nationwide high-speed tech connectivity.

Almost 80 percent of the UAE's transactions are done in cash, which can be expensive to generate and secure and inconvenient to use.

In addition, experts agree that the UAE is a global leader in helping digital payments.

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