// INFOGRAPHIC //
NEW STUDY REVEALS
Three out of four UAE small businesses optimistic about recovery
“
UAE RETAILERS ARE LEADING
THE WAY IN SHOWING HOW TO TRANSLATE INSIGHTS INTO ACTION AND CONSIDERING HALF OF BUSINESS
OWNERS ( 54 %)
ARE RELIANT ON THEIR SMALL BUSINESS AS A PRIMARY OR ONLY SOURCE
OF INCOME , THIS URGENCY IS
PALPABLE . hree out of four small
T businesses in the UAE say they feel optimistic about business recovery in 2021 , according to a new study by Visa , a world leader in digital payments . The majority of UAE merchants ( 82 %) said their investments in digital payments had paid off and will play a major role in their business recovery .
The 2021 Small Business Recovery study surveyed small and medium businesses
( SMBs ) in the UAE , KSA , Egypt and Pakistan to understand how they have evolved in the way they do business to manage the impact of the coronavirus on their bottom line . The study also revealed the top spending trends merchants claim define the COVID-19 business environment – these include increased use of contactless payments ( 93 % of merchants ), takeaways ( 87 %) and home delivery ( 78 %). Merchants in the UAE expect all of these spending trends to continue to grow post-pandemic .
18 intelligent
. tech
Intelligent SME . tech