Most used in-store (POS) payment methods in the UAE 2017-2023, with 2027 forecast
Cash use in POS in the UAE declined at a fast pace, as the share of cash in 2021 was three times smaller than before COVID-19. Indeed, paper money and coins fell below are percentage of 20 percent of transaction value in physical stores that year, a figure that was much lower than the cash market share in Saudi Arabian POS. This change could be attributed to the growing use of credit card but also a growing number of users of domestic mobile wallets, such as national initiative klip.
