UAE Profile: UAE Accelerates Contactless Payment Adoption

07 Sep, 2020 . 4 minutes

The United Arab Emirates’ population was estimated at 9.83 million in May 2020. The average highest online spending is by those aged 25 years to 34 years - at 27.4 percent. Ecommerce users are growing at 5.6 percent year on year and expect to have 6.7 million users in 2020. Online shoppers spent US$1,407.7 on average in early 2020.

Internet penetration was 99 percent in January - up 1.3 percent from 2019. Mobile penetration is high at 92.17 percent of the total population in early 2020. Ecommerce is growing at 14.9 percent year on year and expects to reach US$9.44 billion in revenue by the end of 2020. Cross-border ecommerce shoppers mostly purchase online from the US, the UK and India.

Before the pandemic cash dominated as the most popular transaction method followed by credit and debit cards. Mobile payments were growing at 30 percent year on year. With the growth of ecommerce and the demand for contactless payments during the pandemic digital wallet use rose 78 percent year on year in the first quarter of 2020.

Sign up for the newsletter

By submitting this form, you acknowledge that you have reviewed the terms of our Privacy Statement and consent to the use of data in accordance therewith.

The APEXX Payment Orchestration Platform is the last integration you will ever need

Lowest cost
We structure ourselves to operate in the most efficient way. We are not an additional cost as we take the place of the payment gateway.
Lead in Orchestration
We enhance the payment experience by driving up acceptance rates thereby reducing friction and lost sales for our Merchants.
Excellent Customer Support
The APEXX Payment Orchestration Platform is architected to the highest industry standards of security and support ensuring that our merchants have the best protection and support access at all times.