The number of people using credit cards in the United Arab Emirates has risen greatly over the last few years, with new customers being pulled in by the rewards and offers that they are now providing.  Banks in the UAE receive numerous applications for a credit card every day, but not everyone will have theirs approved. There are a number of things which banks have to look out for while carrying out their checks, so it…

63% of people in the United Arab Emirates have a credit card, according to a recent survey, with around five million active cards estimated to be in circulation currently. There are considerably more credit cards than debit cards in use in the UAE, which is largely because of the number of benefits that a credit card holder can receive. These benefits can range from points redemption and cashback offers to shop benefits and movie offers. Many…

On Saturday, the RuPay card was officially launched by Narendra Modi, the Prime Minister of India, with Indian officials claiming that the new credit card will charge just 10% of the transaction fees associated with other debit and credit card companies in the United Arab Emirates. The RuPay card is the indigenous Indian counterpart to the likes of Visa or Mastercard, which Modi symbolically launched by swiping his own card in order to purchase Indian…

Con artists in the United Arab Emirates continue to grow bolder and are now making use of scare tactics in order to trick unsuspecting targets into giving away their money, with many gullible Emiratis losing hundreds of thousands of dirhams, according to authorities. According to the UAE’s Telecommunications Regulatory Authority (TRA) Information Security Analyst Abdullah Buali, phone scammers are now making direct calls to people or sending them a message on WhatsApp, falsely suggesting that…

Credit cards are one of the most convenient methods of payment and have become an important part of everyday life for the great majority of people in the United Arab Emirates. The benefits offered by banks and various credit card offers in the region have helped to make them one of the most preferred payment methods. The number of applications for credit cards in the UAE rises by more than 50% every year. There was…

Charges and responsibilities go hand in hand with credits and facilities, meaning that credit cards are not for weak-willed spenders. It is important to be thrifty and wise if you are going to own a credit card in the United Arab Emirates, and there are some basic concerns that you should take into consideration before you apply for one in the Gulf region. A credit card enables you to spend money on credit up to…

A homegrown Indian payments scheme is to be promoted by Narendra Modi, the Prime Minister of India, when he makes his third official visit to the United Arab Emirates this weekend. Modi is to be awarded the highest civilian honour in the UAE, the Order of Zayed, during his two-day trip but will also take the time to launch the RuPay network during an event, which is set to take place on Saturday at the…

Commuters who make use of the airport taxis in Abu Dhabi will now be able to use credit cards to pay their fare, according to a statement that was released on Monday by the Integrated Transport Centre. The move to allow airport taxis to be paid for by credit card, such as those from Samsung Pay and Apple, is part of a number of initiatives being made by the Abu Dhabi transport sector regulator in…

On Sunday, police in Dubai issued a new alert to residents to keep themselves protected from scammers and to avoid sharing their Personal Identification Number (PIN) and debit or credit card numbers. On their official account on Twitter, Dubai Police warned residents not to be fooled by new scams that attempt to trick them out of money with fraudulent prizes. Digital platforms have made it considerably simpler for users to communicate and spread information all…

Network International, in which Emirates NBD now holds a 25% stake following its Initial Public Offering, has posted a double-digit increase in revenue despite a fall in profit from continued operations because of the one time cost resulting from the primary offering. The company’s revenues in the first half of 2019 amounted to $152m through to the end of June in comparison to the $135m that was generated in the same time period in 2018.…