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UAE's Cashless Economy Initiative Faces Challenges Due to Rent Payment Methods
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UAE’s Cashless Economy Initiative Faces Challenges

The United Arab Emirates (UAE) aims to transition into a nearly cashless economy; however, the reliance on traditional rent payment methods is hindering this effort. Rent, which is one of the largest personal expenses in the country, remains predominantly tied to paper transactions and cheques. Recent research from Visa indicates that the percentage of rent...