Visa’s global “Back to Business” study findings show that UAE’s cashless future is imminent

  • The 6th edition of Visa’s global Back to Business study finds that more than half of UAE consumers (52% vs. 41% globally) plan to be cashless by 2024 and nearly all (99%) consumers see benefits of a cashless society
  • A majority of SMBs in UAE (71% vs. 59% globally) already are, or plan to be cashless by 2024 to meet their customers’ expectations
  • 99% of SMBs said they attributed pandemic survival to selling online, with more than half (58%) of their revenue now stemming from eCommerce
  • To fuel growth in 2022, SMBs will look towards digital, including crypto-based payments and cross-border commerce