Hamdan Bin Mohammed Launches Dubai’s Digital Strategy, Along With A Range Of New Digital Projects

22 Jun 2023 Blog

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, today launched Dubai’s Digital Strategy. The launch of the strategy sets the stage for a new era of digital transformation, in line with the leadership’s vision to position Dubai as a global role model in the sector.

The launch took place during HH Sheikh Hamdan’s visit to the headquarters of Digital Dubai, where he was briefed on the progress of its various initiatives, the work done by various teams in preparation for upcoming stages of Dubai’s Digital Strategy, and the latest projects Digital Dubai is developing in collaboration with government entities.

“Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai has completed three outstanding phases in its digital journey, starting with the launch of the region’s first e-government in 2001, followed by a smart government initiative in 2013, and then the government-wide digital transformation, which culminated in fully eliminating paper transactions by the end of 2021,” His Highness Sheikh Hamdan said. “These stages served as the prelude to Dubai’s new Digital Strategy, which cements Dubai’s position as the world’s digital capital. The period ahead calls for intensifying efforts, strengthening cooperation, and promoting proactive thinking and innovation to achieve major goals.”

The city’s new Digital Strategy is based on a vision to digitalise all aspects of life in Dubai and establish a reliable, robust digital system that enhances the digital economy and empowers a digitally-driven society. The Strategy is centred on seven key pillars, namely, the digital city, digital economy, data and statistics, digital talent, digital infrastructure, cybersecurity, and digital competitiveness. The Strategy aims to enhance the outputs of the digital economy, increase the positive impact of Digital Wellbeing by 90%, achieve top rankings in the United Nations’ Local Online Service Index, and launch 50 digital city experiences that are seamless, interconnected, proactive, predictable, and high-impact. The strategy also aims to equip over 50,000 professionals with advanced digital qualifications.

The strategy, launched by HH Sheikh Hamdan, represents an advanced stage and a new milestone in Dubai’s digital transformation journey. The digitisation rate of government services is now at 99.5%, while the paperless government objective has been achieved 100 and digital transactions account for 87% of total government service transactions. Moreover, over 120 government smartphone applications have been developed, while government entities have recorded a compliance rate of over 80% with cybersecurity indicators and 100% compliance with the Dubai Data Law.

The Crown Prince of Dubai highlighted the importance of these achieved targets and said that the current stage of the city’s digital transformation calls for an integrated, holistic system where all stakeholders join the effort to drive a game-changing shift in embracing technological breakthroughs that have already started to radically transform work and productivity patterns.

HH Sheikh Hamdan bin Mohammed’s visit to the Digital Dubai headquarters reflects the leadership’s commitment and the close attention it pays to all projects and efforts, in a bid to ensure the best quality of life in Dubai.

During his visit, Sheikh Hamdan expressed his confidence in the Dubai Government team and its highly skilled and competent members. He commended their work in the field of digital transformation at Digital Dubai and other entities. “Dubai’s competencies have always been a key element of its distinction,” His Highness said. “Just as we have succeeded in every stage of our transformation so far, by relying on our highly qualified professionals, we are confident today that we will also achieve our future aspirations and move forward towards another higher and more ambitious objective.”

“In order for us to accomplish what we aspire to, we must enhance cooperation and coordination between various entities in the Dubai Government,” HH Sheikh Hamdan noted. “This era of major technological transformation calls for maximum integration and cooperation between all sectors. We must listen to customers and strive to keep pace with their needs and expectations that are changing at the same pace as these technologies are progressing.”

His Highness stressed the need to take advantage of new technologies of all kinds, saying: “Artificial Intelligence and generative AI technologies provide tremendous opportunities to capitalise on and develop proactive services, rooted in a deeper insight and understanding of customers. We must explore the potential of these technologies and use them to enhance our efficiency, effectiveness, and productivity.”

For his part, His Excellency Hamad Obaid Al Mansoori, Director General of Digital Dubai, expressed his gratitude to HH Sheikh Hamdan for his visit, saying that His Highness’s directives will guide Digital Dubai’s plans and operations in the stage ahead. “This is a happy day for our team here at Digital Dubai,” he said. “Nothing can be more encouraging for us than to hear words of encouragement from our leaders, and to see our efforts appreciated by the leadership. This encouragement is a powerful incentive for us to strive towards greater achievements, as an expression of our determination to ensure Dubai’s spot at the forefront, and position it as a role model in the field of digital transformation and smart cities.”

“Digital Dubai will work with all of our partners, including government entities and private establishments, as one team tasked with optimally implementing the Strategy, all the while keeping pace with promising technologies, so that together, we add a new success story to Dubai’s history and chart a new future centred around a comprehensive digital life,” HE Al Mansoori said.

Advanced digital initiatives and projects

During his visit, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum also launched the Digital City Experiences initiative, which aims to develop an integrated and connected city, providing consistent digital experiences to citizens, residents, visitors, and entrepreneurs. The initiative seeks to achieve these objectives by connecting fragmented digital services in Dubai, compiling them all into an integrated system that values privacy, focuses on users, and provides them with options.

The initiative will also offer experiences through unified digital channels, where users, including citizens, visitors, and companies in Dubai, can enjoy an easy and seamless experience that saves them time and effort. This approach is a cornerstone of the digital service delivery system, elevating the quality of digital life to its highest levels.

Furthermore, His Highness unveiled the new version of the official website of Dubai, Dubai.ae, which serves as a unified and reliable digital platform that offers users in Dubai and around the world access to a range of information and digital services in Dubai, anytime and from anywhere. It allows users to explore a vast database of information and digital services covering all sectors, including healthcare, education, city events, tourism, work, investment, residence, family affairs, transportation, communications, real estate, and many others.

The portal also includes a dedicated section for E-participation in Dubai, which reflects the level of interaction between Dubai’s community and its government and highlights the latter’s commitment to involving the community in the development of city services and policies. The website provides a dedicated space for sharing ideas, discussing topics, and submitting suggestions to enhance the quality of life of the city’s residents.

Sheikh Hamdan also explored the Dubai Transactions Index, which aims to assess the performance of government transactions in real time. The initiative enables relevant entities to monitor the performance of government services offered through their various channels in real time. The initiative also allows customers to track the status of the services requested by them or follow up on requests through the DubaiNow application.

His Highness was also briefed about the innovative Digital Assistant initiative, which aims to embrace and develop the potential of generative AI by integrating it into the Smart Employee application, offering Dubai Government employees quick and easy access to a range of services.

His Highness’s visit to the Digital Dubai headquarters also included a briefing on the Dubai Leadership Dashboard, developed by the Dubai Data Establishment using the power of data to create a specialised dashboard for decision-makers, enabling them to access real-time, updated, and reliable city indicators, such as the population index, Platform 04, happiness index, business licenses, tourism, foreign trade volume, real estate transactions, Dubai Cybersecurity Index, and other indicators that facilitate optimal decision-making.

His Highness was also briefed on the Maha Project, developed by the Dubai Electronic Security Center (DESC) at Digital Dubai, as a proactive system to mitigate the impact of cyber-attacks on government services and enhance security. It is an advanced system for securing online government services and monitoring their vulnerabilities.

Finally, His Highness explored the Happiness Meter and Environmental Quality IOTs, developed by Digital Dubai in collaboration with the Security Industry Regulatory Agency (SIRA), which uses artificial intelligence technology to read facial expressions in government facilities or elsewhere, providing a general indicator of public happiness in a specific place and time. In addition, the indicators assess the quality of the environment in a given location by setting up sensors inside or outside facilities to display key indicators, such as temperature, humidity, air quality, noise level, carbon dioxide levels, as well as total volatile organic compounds (TVOC).

Unlocking The Power Of FinTech With Ewallet Development Services

26 May 2023 Blog

In the rapidly evolving landscape of digital payments, ewallet app development services have emerged as a helpful solution for businesses seeking to provide convenient and secure financial transactions to their customers. 

So, what exactly are ewallet app development services, and why are they gaining such prominence in today’s digital landscape? Let’s explore these services’ key aspects, benefits, and considerations.

How do ewallet development services help payment businesses?

Ewallet app development services encompass the entire process of creating a mobile application that enables users to store, manage, and transact money digitally. These services involve designing and developing an eWallet app from scratch or enhancing an existing app with additional features and functionalities.

The development process typically involves a team of skilled professionals, including developers, designers, and business analysts, who work collaboratively to create a seamless user experience, robust security measures, and seamless integration with various payment gateways and financial services.

Benefits of ewallet development services

So, what are the specific benefits that ewallet development services bring to the payment companies? Let’s delve into the advantages, opportunities, and transformative potential that these services offer.

Convenience

Ewallet apps offer users the convenience of making payments anytime, anywhere, with just a few taps on their mobile devices. Whether it’s paying for groceries, splitting bills, or transferring funds to friends and family, eWallet apps simplify and streamline the entire process.

Enhanced user experience

With intuitive interfaces, personalized settings, and easy navigation, eWallet apps prioritize user experience. They offer features like transaction history, real-time notifications, and quick access to account balances, providing users with a seamless and user-friendly financial management experience.

Security

Security is a top priority when it comes to digital app development services. These apps incorporate advanced security measures, including encryption, biometric authentication (such as fingerprint or facial recognition), and tokenization, to ensure the safety and privacy of users’ financial information.

Integration with third-party services

Digital wallet apps can seamlessly integrate with various third-party services, such as loyalty programs, reward systems, and digital wallets, allowing users to enjoy a comprehensive range of financial services within a single app.

SDK.financeewallet development services 

SDK.finance offers pre-developed payment software to accelerate the release of your payment products. If you’re looking for ewallet development services, using SDK.finance software allows you to build the digital solution faster, without starting from scratch.

We offer customized mobile and digital wallet solutions that leverage cutting-edge technologies and integrations. Leverage our expertise to get your fully secured, intuitive ewallet software with best-in-class UI /UX design. With our pre-developed digital Platform, you can create different wallet types: closed, semi-closed, open wallets; telco, stored value or rewards wallets. 

SDK.finance platform has more than 400 API endpoints that ensure easy integration with almost any third-party vendor or solution. This strengthens the time and cost-saving potential of our ewallet platform and frees developers from many integration-related headaches.

Is It Possible To Rank An Old Website? Do I Need To Start Fresh For The Best Results?

25 May 2023 Blog

If you have a dated website and you are thinking about marketing it, you are likely wondering if you’d be wasting your time trying to rank an old website as opposed to having a fresh website built instead. So, the question is: is it possible to rank an old website? Read on and we’ll take a closer look…

Is it possible to rank an old website?

Absolutely. In fact, the truth is, Google is more likely to rank an older, more established website than a brand-new one. That said, if you haven’t touched your website in many years, then you are going to have your work cut out for you.

Do I need a fresh website for the best results?

Again, not necessarily. You don’t have to put your current website out to pasture and invest in a brand-new website in order to succeed. However, there is likely an awful lot of work to be done in order to modernise it and align it with Google’s current search algorithm ranking factors.

How to modernise an old website for SEO success?

So, now that we know that old websites can rank well for SEO with a little love, how should you go about modernising yours?

  1. Give it a fresh design: the first step is to redesign your website. Think about the overall user experience and how difficult it is for users to navigate your website as it stands. How can it be improved? Which features make it harder to navigate? How can you update the colour scheme and font style to match your branding?

                  a. Ditch textures for solid colours.
                  b. Lose gradients, bevels, and other old design trends.
                  c. Remove any search bars that are otherwise useless.
                 d. Add a favicon.
                 e. Consider using an existing premium WordPress theme that fits your brand.

2. Make it fully responsive: another critical aspect of a modern website is responsiveness. If mobile users access your website and then have to ‘pinch and grab’ their way around it because it hasn’t been made fully responsive, then you need to fix that immediately. Not only is responsiveness a ranking factor for Google, but failing to accommodate the 55% of traffic that comes from mobile devices is a costly mistake indeed.

3. Refresh your content: conduct proper keyword research and figure out what your ideal customer is searching for / what your competitors are working on and then update your website content accordingly – with SEO in mind. Also, don’t forget that you likely have lots of juicy content on your blog that could easily be modernised and repurposed for even better results!

4. Ditch old stock photos and replace with new imagery: refresh the imagery on your website and replace stock photos with real, authentic imagery of your own. Also, be sure to compress them to reduce their size without compromising quality.

5. Add the appropriate NAP details: add your name, address, and phone number to your website and ensure that it is exactly the same across all other digital platforms, including your socials and local directories, etc.

6. Add video content: consider uploading quality video content, especially product reviews / ‘how-to’ guides to help build authority and up those on-page conversion rates.

7. Increase page load speed: we cannot emphasise the importance of optimizing your website for a fast page load speed. This is part of your technical SEO requirements and is a modern ranking factor. Put it this way: how long are you prepared to wait for a website to load before you abandon the search for another website? We’d wager not very long. Remember, the longer your website takes to load the less likely you will be to convert those clicks into customers!

Final thoughts

These are just a handful of the website modernisation tips that you should implement, however, they are arguably the most important. If you commit to redesigning your website with usability in mind, creating solid internal linking, and ultimately delivering a superior on-page experience, Google will be far more likely to rank you.

So, in conclusion, it is entirely possible to rank an old website, but you will need to carry out an awful lot of technical and onsite SEO in order to bring it up to speed.

If you feel like your website is beyond saving and could do with a brand new build entirely, then we would highly recommend hiring a New York City SEO company who can help you build a fresh website with a long-term SEO strategy in mind. Sync the two and build a site with intention – that’s the key to success.

Cyber Gear Launches Comprehensive Web3 Glossary

18 May 2023 Blog

Web3 is expected to solve most of the shortcomings of Web2.

Privacy

Encrypted wallets protect your online identity.

Censorship

A decentralized database stores everything immutably and transparently.

Centralization

You get a real vote on decisions made by the networks you spend time on. More than that, you get a stake that’s worth something.

Most importantly, you are not a product, you are an owner.

According to Sharad Agarwal, Chief Metaverse Officer of Cyber Gear Dubai,  “The vision of Web3 goes beyond the read/write/own web. There is a major power shift happening from the big brands to ‘we the people’. In the near future, you and I will decide what we will shop, wear, eat, etc. Not the big brands. And in many ways, it will reduce wastage considerably and improve sustainability – Good for the Planet.”

A recent study conducted in the US by Momentive, (formerly known as SurveyMonkey), aimed to explore people’s perceptions of Web3.

According to the study, 27% of respondents had heard of Web3, and 8% of respondents claimed to understand it well. The study also found that support for Web3 was evenly split, with 43% of respondents expressing support for the technology, and 42% expressing skepticism.

When it comes to age groups, the study found that younger people were more likely to support Web3, with 49% of respondents aged 18-24 expressing support, compared to only 36% of respondents aged 55 and over.

The study found that familiarity with Web3 varied greatly depending on the respondents’ level of education. For instance, 44% of respondents with postgraduate degrees had heard of Web3, compared to only 21% of respondents with a high school education or less.

This Web3 guide prepared by Cyber Gear is periodically updated and will hopefully help more people understand all the important terms associated with Web3.

Free download is available at www.cyber-gear.io

ONLYwebinars.com To Host Webinar Entitled – AI And Web3: A Perfect Match?

18 Mar 2023 Blog

The webinar will be held on 25 April 2023 at 9 am ET, 2 pm UK and 5 pm UAE.

According to Sharad Agarwal, Founder of ONLYwebinars.com, “These days all conversations are centred around Artificial Intelligence and its potential to transform how we interact with data and do business online. The convergence of AI and blockchain technology is opening up new possibilities. Experts predict AI will play a fundamental role in the evolution of AI-based Web3 technologies.”

Panelists

Dr. Christina Yan Zhang

Joti Balani

Lena Grundhoefer

Dr. Jacques Ludik

Francesca Tabor

Host

Sharad Agarwal

Link to register for this free-to-attend webinar is at:

https://us02web.zoom.us/webinar/register/WN_-G4GAn11SrKaGhWWNhTsgA

About ONLY webinars

ONLYwebinars.com was launched by Cyber Gear in 2020 to assist organisations to design, host, and promote webinars online.

Webinars have become the best way to reach and engage an audience. Over 60% of B2B Marketers are already using webinars as part of a lead nurture campaign. More than 75% of digital marketers believe that webinars are the most effective or among the top content marketing strategies available.

Webinars are ideal for boosting brand awareness and legitimacy, turning prospects into customers, and increasing revenue. Most businesses have turned to online platforms to communicate effectively with their stakeholders. All touchpoints of communication are becoming contact less and webinars offer a great way to promote products and services online.

Contact Information:

Sharad Agarwal

Founder, ONLYwebinars.com

Tel: +971506449103

sharad@cyber-gear.com

https://www.ONLYwebinars.com

ONLYwebinars.com To Host Webinar Entitled – How To Organise Successful Web3 IRL Events?

3 Mar 2023 Blog

The webinar will be held on 28 March 2023 at 8 am ET, 1 pm UK and 5 pm UAE.

According to Sharad Agarwal, Founder of ONLYwebinars.com, “We all love to attend Web3, Metaverse, and NFT events. Have you ever wondered what it takes to design, create and host these events?Join us as we talk to some industry luminaries who will share their trials and tribulations in organising these large-scale events that we all want to attend.”

Panelists

Edmund Howard

Melanie Mohr

Zoran Tadic

Caroline Johnova

Luke Reed

Link to register for this free-to-attend webinar is at https://us02web.zoom.us/webinar/register/WN_lEPsTj0kT8OgUPb5uXfrGw

About ONLY webinars

ONLYwebinars.com was launched by Cyber Gear in 2020 to assist organisations to design, host, and promote webinars online.

Webinars have become the best way to reach and engage an audience. Over 60% of B2B Marketers are already using webinars as part of a lead nurture campaign. More than 75% of digital marketers believe that webinars are the most effective or among the top content marketing strategies available.

Webinars are ideal for boosting brand awareness and legitimacy, turning prospects into customers, and increasing revenue. Most businesses have turned to online platforms to communicate effectively with their stakeholders. All touchpoints of communication are becoming contactless and webinars offer a great way to promote products and services online.

Contact Information:

Sharad Agarwal

Founder, ONLYwebinars.com

Tel: +971506449103

sharad@cyber-gear.com

https://www.ONLYwebinars.com

History Made: For The First Time Ever, An Avatar Powered By ChatGPT Participated In A Web3 Webinar

24 Feb 2023 Blog

ONLYwebinars.com hosted a webinar on 23 February 2023, entitled – Web3 Investment Trends. There were 5 panelists, Sophia Shluger, Chana Kanzen, Roberto Croci, Hassan Awada and Charlie Regis. The sixth panelist was an avatar of Jamie Brett powered by ChatGPT!

According to Sharad Agarwal, the Chief Metaverse Officer of Cyber Gear and Founder of Onlywebinars.com, “We created history last evening. This is the first time that an avatar powered by ChatGPT participated in a live Web3 webinar. AI and Web3 combined are an explosive combo. People can now create their digital twins that look like them, talk like them, yet they are not in the room!

ChatGPT is currently powered by some 175 billion data parameters and the next version is likely to be powered by over 100 trillion parameters. The future is exciting and at the same time somewhat scary!”

This experience was jointly created by MetaHub and Cyber Gear. Jamie Brett, Founder of MetaHub was excited about the prospects of AI tech in improving the quality of our lives. He stated, “We’re always trying to push the phygital boundaries. Stay tuned for more to follow.”

The on-demand webinar can be viewed on YouTube at https://www.youtube.com/watch?v=0e1uo04C0Zk

The Podcast can be heard on Spotify at https://open.spotify.com/episode/11cOvJDY4GPPp2VyUm19VT

Web 3.0 & Metaverse Opportunities And Initiatives For F&B Businesses

17 Feb 2023 Blog

Gulfood is the largest F&B sourcing event in the world. Over 5,000 companies from more than 125 countries, a line-up of industry thought leaders, and the world’s greatest chefs chart the way forward and inspire industry-wide transformation for the good of the entire ecosystem.

Sharad Agarwal, Chief Metaverse Officer of Cyber Gear, will be delivering a presentation on 23 February at 2.10 pm at Al Multaqua Hall in Dubai World Trade Centre as part of the Gulfood Inspire program.

The presentation topic is ‘Web 3.0 & Metaverse opportunities and initiatives for F&B businesses.’

According to Sharad Agarwal, “In the metaverse, customers can step into a virtual restaurant to browse menus, meet friends, and even order real food that will then be delivered to their door.I will be talking about:

  • What are Web 3 and Metaverse anyway?
  • YOUR BRAND needs to pay attention, or risk losing customers
  • Examples of Metaverse in use for loyalty programs, brand building, and product testing.
  • Metaverse of Senses

Visitors to the show can see how Starbucks, McDonald’s, Wendy’s, Burger King, Panera Bread, Pizza Hut, Flyfish, Budweiser, and Coca-Cola are using Web3 to promote their businesses globally.”

DEWA Is The First Utility In The World To Enrich Its Services With ChatGPT Technology

9 Feb 2023 Uncategorized

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) announced that DEWA is working to enrich its services with ChatGPT technology supported by Microsoft. This will make DEWA the first utility globally and the first UAE government entity to use this new technology. This is part of DEWA’s continuous efforts to promote its leadership locally and globally

The announcement was made as HE Saeed Al Tayer received NaimYazbeck, General Manager of Microsoft UAE. The move underlines DEWA’s pioneering successes in all digital areas and is a continuation of its use of Artificial Intelligence (AI), which started in 2017 by developing an AI roadmap. DEWA has already launched various services and initiatives that use AI to enrich the experiences of customers, employees, and other stakeholders.

DEWA intends to provide ChatGPT technology through Moro Hub (Data Hub Integrated Solutions LLC), a subsidiary of Digital DEWA. The aim is to provide services supported by this technology and employ it in serving customers and employees. This will ensure providing integrated and advanced services that enhance productivity and meet current and future needs.

“Our collaboration with Microsoft is a translation of the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to benefit from digital technologies and Artificial Intelligence to improve performance and enhance people’s lives. It also supports the Dubai 10X initiative launched by His Highness, and our endeavour to contribute to shaping a new digital future for Dubai through Digital DEWA, the digital arm of DEWA, becoming the world’s first digital utility to use autonomous systems for renewable energy and storage. We are also expanding the use of AI and digital services,” said Al Tayer.

“We applaud DEWA for their pioneering spirit and look forward to further exploring the possibilities of integrating cutting edge technologies into their products to enhance their business, services and customer experience,” said NaimYazbeck, General Manager of Microsoft UAE.

*Source: AETOSWire

Digital Payments And Virtual Credit Cards Continue To Grow Across The MENA Region

14 Sep 2022 Blog

The growing use of virtual Visa corporate credit cards across the MENA region has been accelerating as companies adapt to the rising digital economy. Based on newly released data by Tribal Credit, a company that provides comprehensive digital financial solutions for companies at all stages of development, new virtual cards have increased by 126% between Q3 2021 and Q3 2022.

According to Tribal, a 360° financial digital solution for companies at different stages of growth, the use of virtual corporate credit cards increased by 91% in Egypt between Q2 and Q3 2022, 117.5% in Saudi Arabia, and 42.9% in the UAE.

Businesses in the Middle East are relying increasingly heavily on digital payments. According to the consultancy McKinsey, digital payments have been steadily increasing in MENA since 2014, and use was accelerated by the pandemic, with a survey suggesting that cumulative growth in digital transactions has exceeded 50% since 2020.

For example, according to McKinsey, Saudi Arabia saw a 70% growth in card payments between February 2019 and 2020, while consumer digital payments grew by more than 9% annually in UAE between 2014 and 2019.

Despite the rapid shift to digital payments, traditional banks have been slow to adopt them. However, payment fintech, such as Tribal, have emerged to provide services optimized for today’s business environment.

The number of digital payment solutions has increased significantly as companies shift to a digital economy. The issuance of new virtual cards by Tribal in Saudi Arabia increased by 157.4% from Q3 2021 to Q3 2022, reflecting the trend. In addition, it rose by 64.6% in the UAE and 263% in Egypt.

Tribal’s Visa Virtual Corporate Card product is among the latest generation of solutions geared towards digital payments. Security, centralization of expenses, control over payment permissions and users, and ease of handling are central to the product’s appeal.

Like physical cards, virtual cards include the user’s name, number, expiration date, and security code, but they do not require physical cards. With a virtual wallet, users can use their cell phone or digital watch to make purchases online or physically. As a result of this digital product, companies can now manage and monitor payments more effectively.

Virtual cards provide users with enhanced flexibility in the digital payments space. The single-use virtual card was designed so that companies can pay for an expense that does not repeat over time – for example, purchasing a plane ticket – and that, after being used, can be eliminated. With the recurring use card, it is possible to transfer funds monthly to pay recurring expenses.

“Whether single-use or recurring, virtual cards are secure and efficient solutions for digital transactions because they offer data encryption and, being digital, there is no risk of loss, making it difficult for companies to fall victim to cloning and identity theft for this reason. In addition, they allow companies to decentralize purchasing operations, making payment processes more efficient and increasing capability across the company. And finally, in the event of cloning or improper use, they can be deactivated in real time and reactivated if required”, commented Amira Fadel, regional manager for MENA at Tribal.

Online spending with Tribal was greatest for online advertising, freight and logistics, and technology and computer infrastructure – further highlighting how Virtual Cards are a valuable tool for companies at different stages of growth seeking to operate more quickly in the digitally enabled economy.

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