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Gen Z Spearheading Payment Innovation In The Middle East

According to new data, Gen Z’s adoption of new payment technology is driving widespread growth across the MENA region.

Published

3 years ago

February 24, 2023

gen z spearheading payment innovation in the middle east

As Gen Z begins to make its presence felt in economies worldwide, the technological proficiency of the demographic is driving innovation in the digital space. In the Middle East — and the UAE especially — research shows a sharp drop in cash purchases as digital payments and their associated technology become commonplace.

According to data from Amazon Payment Services, a digital payment revolution is taking place in the UAE, with contactless and app-based transactions rising at a compound annual growth rate of 18.3% between 2021 to 2023.

“About 61% of Gen Z in the UAE have digital wallets, which indicates that they are adopting new ways of payments and technology. On the other hand, millennials have access to disposable income. Many of them are entrepreneurs and are not only users of digital payments from a consumer perspective but also a business perspective. This combination is the unbeatable match in the region,” says Peter George, Managing Director of Amazon Payment Services.

Also Read: Best Video Streaming Services In The Middle East

According to George, travel, hospitality, and airlines have seen the most significant changes in payment preferences. By 2023, however, the UAE, Saudi Arabia, and Egypt’s digital payment sectors are expected to double in size across the board. High rates of internet use, a fintech boom, and a comparatively young population are driving the digital payment sector, eventually leading to a trickle-down effect allowing small businesses to flourish.

News

Samsung’s Galaxy Watch 9 And Ultra 2 Specs Leak Ahead Of Unpacked

An 800mAh Ultra 2 battery and a switch from Exynos to Qualcomm silicon headline the expected changes for Samsung’s next smartwatches.

Published

8 hours ago

July 15, 2026

Nour Nasir

samsung's galaxy watch 9 and ultra 2 specs leak ahead of unpacked

Samsung’s next smartwatches have little left to hide. A new leak reported by Android Authority has surfaced most of the remaining details about the Galaxy Watch 9 and Galaxy Watch Ultra 2, just over a week before the company’s Galaxy Unpacked event on July 22.

The biggest change is an invisible one: Samsung is expected to drop its own Exynos W1000 chip in favor of Qualcomm’s Snapdragon Wear Elite SW6100, a chipset unveiled only this year, according to the outlet.

Battery capacity looks like the other notable upgrade. Citing a report from Winfuture, Android Authority says the Watch Ultra 2 could reach 800mAh, well beyond the 590mAh cell in the current Watch Ultra. The 44mm Watch 9 reportedly gets a 445mAh cell — the same capacity as last year’s Watch 8 Classic — while the 40mm model stays at 325mAh.

The 40mm Watch 9 will reportedly feature a 438 x 438-pixel panel, with the 44mm Watch 9 and the Watch Ultra 2 sharing a larger 480 x 480-pixel screen. Samsung leaker Ice Universe has separately claimed the Ultra 2’s display could reach a peak brightness of 5,000 nits. RAM and storage vary by model, topping out at 2GB and 64GB.

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The Ultra 2 keeps its titanium case and 100-meter water resistance; the standard Watch 9 remains aluminum, rated to 5 ATM. All models are said to include Bluetooth 6.0, NFC, and dual-band WiFi, with the usual LTE variants, and ship with One UI 9 Watch running on Wear OS 7.

A separate leak puts the Galaxy Watch 9 at €409 (about $468) for the 40mm Bluetooth model, rising to €489 (about $560) for the 44mm LTE version, with the Watch Ultra 2 LTE at €749 (about $857) — figures Android Authority said were partially corroborated by Winfuture. Confirmation arrives on stage on July 22.