UAE retailers have experienced an in increase in traffic in their store since they started accepting digital payments, according a recent study by Visa.
Bitcoin has jumped to a near 15-month high above $11,000, after jumping more than 10 percent over the weekend, Reuters reported.
Visa has announced that its AI-based Visa Advanced Authorisation (VAA) has helped financial institutions prevent an estimated $25 billion in annual fraud.
According to the survey, UAE consumers are increasingly comfortable paying and transacting with card with 84 percent of respondents finding cards more secure than cash.
Visa cardholders in Saudi Arabia can now make easy, quick and secure purchases using their iPhone and Apple Watch in stores that accept contactless payments.
The Department of Economic Development (DED) in Dubai and Visa have signed a Memorandum of Understanding (MoU) to help grow the UAE’s consumer eCommerce sector by encouraging more merchants to take their businesses online, and educating consumers on the benefits of digital payments and shopping and paying online.
Visa and Startupbootcamp have hosted “FastTrack”, a mentoring session for startups participating in the Dubai Smart City Accelerator, which is hosted in Dubai Technology Entrepreneur Centre (dtec).
Visa has partnered with mada to bring mada Pay, the first mobile payment solution that supports contactless (NFC) transactions in Saudi Arabia.
The Department of Economic Development (DED) in Dubai and Visa have launched a consumer education campaign that aims to promote safe card usage and provide consumers with tips and advice to protect themselves against payment-related fraud.
The UAE has adopted a new system of entry visas for investors and professional talents providing them with a long-term visa for up to 10 years.