Mastercard New Payments Index 2022:
UAE Consumers Embrace Digital Payments

• 88% of consumers in the UAEhave used at least one emerging payment method in the last year, with usage expected to increase further
• Adoption of cryptocurrency, biometrics, Buy Now Pay Later (BNPL), open banking and account-to-account payments are anticipated to continue accelerating
• Gen Z and Millennials are leveraging more digital payment methods and are more open to buying virtual products in the metaverse