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Mastercard Economy 2021 Report Highlights Permanent Shift Away from Cash in UAE

Mastercard Economy 2021 Report Highlights Permanent Shift Away from Cash in UAE

  • Mastercard Institute’s Economy 2021 Report estimates that 20-30% of the COVID-related surge in e-commerce spending to be a permanent feature in share of overall retail spending
  • Young and digitally savvy populations across MEA are key to long-term growth outlook, but youth unemployment poses a threat to growth prospects
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