Around 68 per cent of small retailers in the UAE have apparently seen their revenue increase after adopting digital payments.
That’s according to a new survey by Visa, which found that convenience, security and speed of transactions are some of the key benefits experienced by store owners.
It showed that 63 per cent of the retailers have seen footfalls improve.
Nearly half of cash-only retailers also said they lost a transaction because customers were not carrying enough money at the time of purchase.
Meanwhile, over two-thirds currently accepting digital payments said they could invest in new payment technologies in the near future.
More than 80 per cent of digitally-enabled merchants are also likely to recommend them to other businesses who currently only accept cash.
As many as 208 small retailers in Abu Dhabi, Dubai and Sharjah were interviewed for this study, of which 50 accepted cash payments and 158 accepted digital payments.
Archer Aviation has conducted test flights of its Midnight electric vertical take-off and landing (eVTOL) air taxi services at Al Bateen Executive Airport in Abu Dhabi, marking a key milestone for its planned commercial deployment in the UAE and the expansion of its operations in the region.
US and India trade negotiators are pushing to try to land a tariff-reducing deal ahead of President Donald Trump's July 9 negotiating deadline, but disagreements over US dairy and agriculture remained unresolved, sources familiar with the talks said.
A cyber hacker broke into a database containing the personal information of millions of customers, Qantas said, in Australia's biggest breach in years and a setback for an airline rebuilding trust after a reputational crisis.
Emirates has officially launched its daily services to Shenzhen, marking the airline’s fourth gateway in the Chinese mainland after Beijing, Shanghai and Guangzhou.