digital payments to dethrone “cash as king”
Last Updated : GMT 14:24:34
Arab Today, arab today
Arab Today, arab today

in Middle East

Digital Payments to Dethrone “Cash as King”

Arab Today, arab today

Arab Today, arab today Digital Payments to Dethrone “Cash as King”

Digital Payments to Dethrone “Cash as King”
Dubai - Arab Today

Digital payments will dethrone “cash as king” in the Middle East, and boost regional GDP by nearly USD 100 billion, industry experts announced today ahead of GITEX Technology Week.
As Middle East countries accelerate their digital transformation agendas with nationwide high-speed technology connectivity, one of the biggest benefits will be quick and easy mobile payments. In the near future, Middle East residents will be able to pay for parking tickets and in-store purchases, top up mobile phone minutes and data, and send remittances via mobile apps.
Paolo Gagliardi, Chief Business Officer of the UAE-based financial technology startup Trriple, said: “Once fast, secure, and easy-to-use digital payments become mainstream, that means ‘cash is king’ no more in the Middle East. Using digital payments, consumers and merchants can save time and money, and gain real-time insights on transaction history and spending trends.”
Trriple estimates that about 80 percent of the UAE’s transactions are done in cash, which can be expensive to produce and secure, and often inconvenient to use. However, if the Middle East captured its full digital potential, and made digital payments widespread, then the region could add USD 95 billion in GDP by 2020, according to a recent report by the consultancy McKinsey.
Experts agree that the UAE is a global leader in supporting digital payments. Already in 2017, the UAE Central Bank has issued regulations for digital payments, supporting UAE Vision 2021 goals of smart government, financial inclusion, innovation, and market competition.
“The UAE government has set the stage for digital payments to transform transactions across every industry vertical, across public sector, to transport, tourism and healthcare. Trriple aims to leverage GITEX to fuel our growth and expansion, by showcasing the latest solutions, meeting with investors, growing our partner ecosystem, and networking with fintech leaders,” added Paolo Gagliardi.
Trriple’s mobile wallet provides a secure and convenient open source payment platform, which can securely connect with any government, organization, or banking network in the world.
At GITEX Technology Week 2017, experience the future of digital payments at the Trriple stand in Hall 6 at the Dubai World Trade Centre.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

digital payments to dethrone “cash as king” digital payments to dethrone “cash as king”

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

digital payments to dethrone “cash as king” digital payments to dethrone “cash as king”

 



Arab Today, arab today
Arab Today, arab today The Rake announces editorial updates

GMT 12:19 2018 Tuesday ,16 January

The Rake announces editorial updates
Arab Today, arab today Lebanon says foiled IS holiday attacks

GMT 02:59 2018 Saturday ,20 January

Lebanon says foiled IS holiday attacks
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today Israel apologises to Jordan

GMT 01:41 2018 Saturday ,20 January

Israel apologises to Jordan
Arab Today, arab today Booby-trapped messaging apps used

GMT 02:11 2018 Saturday ,20 January

Booby-trapped messaging apps used
Arab Today, arab today Cosmetics PR Performance  2017

GMT 09:34 2018 Sunday ,14 January

Cosmetics PR Performance 2017
Arab Today, arab today Emirates announces $16 bn deal

GMT 01:28 2018 Friday ,19 January

Emirates announces $16 bn deal
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Arab Today, arab today Turkey 'not satisfied' with US assurance

GMT 01:15 2018 Friday ,19 January

Turkey 'not satisfied' with US assurance
Arab Today, arab today Taiwan chip 'godfather' bullish on cryptocurrency

GMT 02:03 2018 Friday ,19 January

Taiwan chip 'godfather' bullish on cryptocurrency

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 16:08 2017 Tuesday ,24 October

Glamour fashion editor goes freelance

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 04:30 2017 Sunday ,22 October

Miista appoints IPR London

GMT 05:14 2017 Thursday ,19 October

Blogger seeks male beauty boxes for Christmas Gift

GMT 15:12 2017 Saturday ,14 October

Christmas Gift Guide - My Girls On Tour

GMT 15:24 2017 Thursday ,05 October

A.F.VANDEVORST appoints SPRING London

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment

GMT 15:56 2017 Monday ,18 December

EVE LOM to launch Radiance Face Oil

GMT 01:19 2017 Thursday ,16 November

Da Vinci painting sells for $450mn in NY

GMT 10:26 2017 Thursday ,21 December

Charlotte Connoley announces blog launch

GMT 04:28 2017 Sunday ,26 November

Brands sought for BRITs Spa backstage

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday