Expatriates in the UAE are rapidly moving away from traditional money exchange counters and embracing digital remittance platforms. Faster transfers, 24/7 convenience, and enhanced security are driving this change, with mobile apps and online banking becoming the preferred tools for sending money home.
Expatriates in the UAE are rapidly moving away from traditional money exchange counters and embracing digital remittance platforms. Faster transfers, 24/7 convenience, and enhanced security are driving this change, with mobile apps and online banking becoming the preferred tools for sending money home.
Read MoreBy the end of 2025, banks across the UAE will phase out one-time passwords (OTPs) sent via SMS or email, replacing them with secure in-app authentication methods. The move, directed by the Central Bank, is part of the country’s ongoing efforts to strengthen digital banking security and protect customers from cyber fraud while offering faster, more convenient online transactions.
Read MoreThe UAE has launched Aani, an instant payments platform that allows residents to transfer money using only a mobile number. With transactions completed within 10 seconds, the system offers a fast, secure, and convenient way for individuals and businesses to send funds across the country without needing traditional bank account details.
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