In cash-heavy UAE, Mobeewave bets on near-field payments

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Mobeewave is rolling out its mobile point of sale technology in the United Arab Emirates, a country that still has very high cash usage despite government initiatives to encourage digital payments.

Estimates suggest that around 80 percent of retail spending in the UAE is cash-based, as local consumers see cash as a quicker and safer option than cards. The UAE Government and the Central Bank have initiatives underway to transform the country to a digital economy and migrate consumers to

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