Getting paid in the UAE just got easier. Workers can now receive their salaries through their phones instead of going to the bank. This is a big change that many people have been waiting for.
A lot of workers in the UAE come from other countries. They often need to send money back to their families. Digital wallets make this much simpler than before. The technology has been growing fast and now companies are starting to use it for paying salaries.
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Du Launches ‘Salary in the Digital Wallet’ Feature
Du started a new service on Monday called ‘Salary in the Digital Wallet’ or SITW. Now workers can get their monthly pay sent straight to their du Pay digital wallets. The system works in different languages so people from many countries can use it easily.
Du Pay does more than just receive salaries. People can send money to other countries, pay bills, add credit to phones, order debit cards, and buy things at stores. It works like having a bank in your phone.
Popular Digital Wallets in UAE Market
Digital wallets have become very popular in the UAE in recent years. UAE employees’ salaries update shows more workers want modern ways to get and use their money. People already use Apple Pay, Samsung Pay, and Google Pay for many things.
Workers from Bangladesh, India, Pakistan, and other Asian countries like using these wallets to send money home. This has made digital payments more important for daily life.
How the New System Works?
When someone signs up for du Pay, they get their own special IBAN number. Companies can use this number to send salaries directly to the digital wallet. Workers can check their money and spend it right away using the du Pay app on their phone.
Du also gives users a real card they can hold. This card works at shops and ATMs just like a normal bank card.
Benefits for Lower-Income Workers
This new service helps workers who make less than Dh5,000 each month. These people often cannot open regular bank accounts because banks ask for too much money upfront. Update on UAE employees’ salaries shows many low-paid workers have been struggling with this problem.
Du Pay lets people open accounts without keeping any money in them. This removes a big problem that stopped many workers from getting banking services before.
Market Growth and Future Projections
Research and Markets says the digital wallet business in the UAE is growing very fast. UAE employees’ salaries information shows the market will be worth $8.28 billion (Dh30.4 billion) in 2025. By 2029, it should reach $12.43 billion (Dh45.6 billion).
This growth happens because more people use digital technology every day. The government also supports digital payments, which helps the market grow even more.
Impact on Financial Inclusion
More people are using digital payments because the technology keeps getting better. Digital wallets help people who could never use banks before to manage their money properly.
This change really helps workers who send money to their families in other countries. Digital wallets make these transfers faster, cheaper, and much easier than old methods.
Conclusion
Du’s new ‘Salary in the Digital Wallet’ service is great news for workers in the UAE. This gives people a modern way to receive their pay and handle their money. It especially helps those who had trouble with traditional banks before.
As digital wallet technology grows in the UAE, more workers will find better ways to manage their finances. The market growth numbers show that digital payments are becoming the normal way to handle money, and this trend will continue in the coming years.
