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flag Gulf countries see massive shift to digital payments, with Kuwait and Saudi Arabia leading the change.

flag Kuwait and Saudi Arabia have rapidly shifted towards digital payments, with Kuwait seeing a 716% increase in card spending from 2010 to 2024, and Saudi Arabia aiming for 70% cashless retail transactions. flag In the UAE, digital wallets now account for 30% of consumer transactions, expected to rise to 40% by 2030, driven by regulatory reforms and consumer preference for contactless payments. flag These changes emphasize the need for businesses to adapt to evolving consumer behavior and technology.

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