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Dubai residents, citizens, and visitors now have the option to pay government fees and fines in easy installments. This new feature comes with the integration of Tabby, a buy-now-pay-later service, into the DubaiPay platform, announced by Digital Dubai and the Department of Finance. The move aligns with Dubai’s Cashless Strategy, aiming to boost digital transformation...
Experts in the UAE foresee a significant rise in the use of cryptocurrency for everyday transactions, including buying coffee and paying for petrol. According to Khaleej Times, Mohammed Al Hakim, president of Crypto.com, stated that within the next two years, many business owners, restaurant operators, and high-net-worth individuals are likely to favor cryptocurrency as a...
Mashreq Bank has completed the sale of a majority stake in its digital payments platform, Neopay, for $385 million. A consortium formed by Turkey-based DgPays and Bahrain’s Arcapita Group Holdings Limited led the acquisition. While the majority stake is now owned by the consortium, Mashreq still holds a significant minority share. The bank emphasized its...
Small businesses across the UAE are increasingly adopting digital payment apps to cater to customers who don’t carry cash, moving away from traditional cash transactions. These apps have emerged as a practical alternative to costly point-of-sale (POS) machines, which require significant investment, recurring fees, and business qualifications that many small vendors cannot meet. Entrepreneurs like...