Page 161 - AAE PR REPORT - SEPTEMBER 2025

9/15/25, 3:45 PM UAE Expats Increasingly Drive Shift To Digital Remittances
“As the digital shift accelerates, competition between traditional exchange houses

and fintechs is intensifying. For now, the clear winner appears to be consumers,

who have more options than ever to move money quickly, safely, and seamlessly

across borders,” said Sajith Kumar P.K, group CEO & managing director of IBMC

Financial Professionals Group.

The shift towards digital remittances in the UAE mirrors a global trend. The World

Bank estimates that digital remittances will account for nearly half of global flows

by 2030, up from about 35 per cent today. The Middle East, with its large

expatriate population and reliance on cross-border payments, is expected to be

among the fastest adopters.

For the UAE, where more than 85 per cent of residents are expatriates, the

stakes are particularly high. Digital remittances are not just about convenience;

they are increasingly seen as essential financial lifelines for families abroad.

Industry experts argue that lowering costs and expanding financial literacy will be

critical to sustaining the momentum.

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