UAE: payment methods in retail

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.

Market share of cash, credit cards, and other payment methods at point of sale (POS) in the United Arab Emirates (UAE) in 2017, 2019, 2020, 2021, and 2022

Characteristic	2017	2019	2020	2021	2022
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

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Release date

March 2023

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Region

United Arab Emirates

Survey time period

2017, 2019, 2020, 2021, 2022

Special properties

* The source made changes to its categories in 2021, see the "Details" tab for more information.

Supplementary notes

In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL".

The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.

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