The UAE’s expatriate population is rapidly embracing digital channels to send money home, underscoring a structural shift in one of the world’s largest remittance hubs. A new study from Visa shows that nearly two in three residents now prefer mobile apps and digital platforms over physical exchange houses for cross-border transfers, citing convenience, privacy, and speed as key reasons. This digital pivot comes at a time when the UAE remains the world’s third-largest sender of remittances, after the US and Saudi Arabia. According to Statista, transaction values in the UAE are projected to grow at an annual rate of 16.91 per cent to reach $6.59 billion by 2030, propelled by rising digital adoption and population growth. Is digital remittances the “only” option for the future ?
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