Visa: Nearly two-thirds of UAE retailers see increase in foot traffic and revenue since accepting digital payments

  • Since acceptance of digital payments, 63% of the retailers claimed that foot traffic increased; 68% witnessed growth in revenue
  • More than half of the retailers who accept digital payments have a contactless POS machine
  • 46% of cash-only retailers admitted to losing a transaction because of customers not carrying cash
  • Half of UAE’s small cash-only retailers set to invest in new payments technology; more than two-thirds currently accepting digital payments are likely to invest in new payment technologies in the near future