Gulf states’ cashless vision is a smart economic bet

The Gulf region is undergoing a quiet but significant transformation in the way money changes hands. Across the Gulf Cooperation Council, governments are steadily pushing their economies toward a cashless future in which most transactions are digital, instant and transparent. This shift is turning out to be a strategic economic decision that could strengthen the region’s long-term competitiveness. In common with many other countries, Saudi Arabia, the UAE and other Gulf states are embracing new payment technologies for convenience.

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