In the UAE, employees can now conveniently receive their salaries via digital wallets, thanks to the rapid adoption of this technology in recent years.
On Monday, du, the UAE’s second-largest telecom operator, introduced the ‘Salary in the Digital Wallet’ (SITW) feature, enabling workers to have their salaries deposited straight into their du Pay digital wallets.
The versatile du Pay platform allows UAE residents to send money internationally, pay bills, top up telecom accounts, order a debit card, and make card transactions.
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As highlighted by Khaleej Times, digital wallets are becoming increasingly popular in the UAE, particularly among expatriates from Bangladesh, India, Pakistan, and other Asian countries for sending money home.
Popular digital wallets in the UAE currently include Apple Pay, Samsung Pay, and Google Pay, among others.
To receive salaries through digital wallets, users will be assigned a unique IBAN upon registering with du Pay, granting them instant access to their funds via the du Pay app and a physical du Pay card for cashless payments.
This feature is especially beneficial for residents earning less than Dh5,000 per month, who often have limited access to traditional banking services.
Notably, customers can open a zero-balance account with du Pay.
Research and Markets reports that the UAE’s prepaid card and digital wallet market is expected to grow by 12.7% annually, reaching $8.28 billion (Dh30.4 billion) in 2025. It is projected to further expand at a CAGR of 10.7%, hitting $12.43 billion (Dh45.6 billion) by 2029, fueled by increased digital adoption and supportive government policies.
The move towards digital payment solutions is propelled by a burgeoning fintech ecosystem and improved payment infrastructure, with digital wallets set to enhance financial inclusion.
