UAE mobile spending continues to climb - new report

Growth of 26 percent expected between 2018 and 2019, according to Ipsos and PayPal.
Mobile, Money, Economics, Business, Spending, UAE, United Arab Emirates, Society, Internet

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Mobile spending is continuing to rise steadily in the United Arab Emirates, according to a new survey.

Mobile spending by UAE residents is expected to rise 26 percent from 2018 to 2019, reaching AED20 billion, according to a report by Ipsos and PayPal. Growth of 25 percent is expected between 2019 and 2020.

As quoted by newspaper The National, Efi Dahan, general manager for Eastern Europe, the Middle East and Africa at PayPal, said: “With some of the highest levels of smartphone penetration globally, it is unsurprising that the smartphone is the device of choice for online shopping in the UAE. We see m-commerce [mobile phone shopping] as the driving force in online transactions as people increasingly want to make a transaction, wherever and whenever they choose, through their mobile device.”

The report was released on August 29. It predicts overall online spending in the UAE will reach about AED36 billion by the end of this year. As The National also quoted Dahan as saying: “The UAE’s commerce revolution is well under way and, backed by the country’s diverse and truly global population plus improving logistics services, consumers are increasingly looking internationally to source their favourite products and services.”

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