Four in 10 UAE consumers experienced online fraud attempts ...United Arab Emirates

Dubai: While almost four in 10 UAE consumers have experienced online fraud attempts in the past year, trust and usage of digital payments both in-store and online see no signs of ceasing as consumers still prefer them over cash, citing improved technology, and security measures as reasons why they still feel more secure with these methods of payment. These findings were revealed in the 2021 Stay Secure survey launched on Monday by Visa, Dubai Police, and Dubai Economy (DED). Cash is unlikely to return to its previous high level of use According to the study, the use of cash in the UAE continues to decline. While e-commerce and contactless payments have increased in popularity and use since

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Four in 10 UAE consumers experienced online fraud attempts ...United Arab Emirates

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