UAE shoppers send out stark warning to retailers

UAE ahead of global peers in cashless payment ways

Invest in contactless — or drop by the wayside. Retailers in the UAE will need to spend more on allowing all manner of contactless payments to not risk being overlooked by shoppers.

Because 73 per cent of UAE consumers would not shop at a store that does not accept contactless payments (compared to 44 per cent globally), according to a new survey by the payment services company Visa.

Distant memory

And cash is proving a distant memory for more consumers with one in three (33 per cent vs. 21 per cent globally) saying have not used cash in the last week making the UAE the second highest among all the markets in the world.

And 92 per cent of UAE consumers affirm that the Covid-19 pandemic has permanently changed their payment habits (compared to 68 per cent worldwide).