Daleel, the adapted financial market in the East, you have unveiled the results of an independence investigation into the financial behavior of the VAE. It discovered that 94% of the respondents now have in personal bank account, which marks a signed jump of 85% in 2021 (World Bank Global Findex Database). This increased in the financial inclusion would take place The VAE in the upper echelons of banking, on a few with the US.
PK Shrivastava, CEO of Daleel, said, “More people than ever have access to a personal bank account in the VAE, and demonstrates the success of the ‘We de VAE 2031’ Vision and the digital economy of the VAE digital economy, digital transformation of TOWS and the inclusion of financing.
We wanted to understand how people use financial services – from first research into different products to the level of trust in their choices. It is very positive that there is such a high level of financial acceptance, while there is still a Hage opportunity for more custom Products Institute or ‘One-Size-Fits-Lall’ Finance. “
Surveying was carried out by research by third parties (Yougov), in a representative part of the inhabitants of the VAE.
Almost two -thirds of the bank account holders were happy and trusted the personal bank accouts. However, More than three -quarters (76%) missed confidence in one or more of their financial products. The survey showed:
- 65% of the mortgage holders doubted whether they had the best plan, 62% lacked faith in their personal or car loans, 50% were uncertain about their credit card selection
- Women who have twice as much chance of never revising their financial products than men
- Nine out of 10 people revise and change their financial products periodically – with a similar number open for more personalized financial options
- Eight out of 10 Emiratis men control the financial products every year, the most common of all demography and nationalities surveyed
“Consumers need the right information that is present in a clear way that lowers the technical jargon. Financial products do not have to be complicated or difficult to understand. This year, finance in the VAE will embrace greater transparency and personalization, consumers will be able to make more faster, more reporting that we will ultimately see an increase in their chosen financial products,” “ Said Ridaa Shah, Coo Atleel.
Daleel was caught in Bahrain and was launched in the VAE in Q1, during a Ceronie in the Cemea Region Market Support Center in Visa in Dubai. The financial platform is supported by big names that have a visa, flat6Labs and Salica infectuuds.
For more information, go to the Daleel website on www.getdaleel.com/news and download get Get Daleel via the Google Play and Apple app -stores.
