The UAE’s Payment Landscape

E-commerce has become a big business in the UAE in the past few years, with the country being one of the fastest growing online markets globally. While cash remains the preferred method of payment, the penetration of smartphones and digital devices has led to a shift in buyer sentiment.

The government has also made moves to encourage its end goal of a cashless society. They introduced the WPS or Wage Protection System, which requires salaries to be paid digitally. With more and more people banking their money and turning to the internet for their shopping, transactional and entertainment needs, this positive online trend is set to continue in the future.

Another recent trend that’s impacted the use of payment services is the rise in popularity of online casinos. Internationally, gambling sites have started to implement user-friendly payment methods to encourage new players to sign up. Arabian players aren’t missing out on these either, however.

Casino players in the UAE who prefer a secure and reputable payment option are gradually turning away from debit/credit cards, e-wallets, cash on delivery transactions and bank transfers. Instead, they’re turning to a relatively recent innovation in the online payment landscape: prepaid cards.

The latest addition to this market is Paysafecard, one of the leading online prepaid methods worldwide. Whether playing online at a Paysafecard casino, shopping online with a Paysafecard vendor or buying a gift card for a friend, Paysafecard allows you to set your budget and not overspend. This secure and simple payment method offers great security and ease of use along with the added benefit of not needing to add your bank or credit card details.

Paysafecard has provided premier prepaid online payment services for over 20 years and is a trusted name in the industry. We’ll look at some of the further benefits below.

Security

With no need for bank or credit card details to be entered, Paysafecard transactions allow users to pay online safely using a secure 16-digit code.

Convenience

Users can download the Paysafecard app to their mobile devices. This app allows them full control of their online payments when they’re away from home as well.

Accepted Worldwide

Paysafecard allows users to shop globally. This worldwide acceptance gives customers in the UAE full access to local and international shopping options.

Conclusion

Whether the UAE will reach its goal of a completely cashless society within the next few years or not remains to be seen. What is clear is that the country is clearly on a path to becoming a thriving mecca for online payments.

Whether transacting with credit cards, online transfers, prepaid cards or debit cards, users in the UAE can transact safely and conveniently online.