Mastercard SME report’s new findings Filed on July 3, 2021
After facing unprecedented changes in the wake of the Covid-19 pandemic, small and medium enterprise (SME) confidence in the UAE is on the rise, according to the latest research by Mastercard.
The inaugural Mastercard Middle East and Africa (MEA) SME Confidence Index found that 88 per cent of SMEs in the UAE are optimistic about the next 12 months.
As many regional economies gradually enter the normalisation and growth phase, and social restrictions continue to ease, small- and medium-sized businesses in the UAE have identified easier access to funding (40 per cent), acceptance of digital payments (34 per cent) and training and upskilling staff (34 per cent) as the top three drivers for growth.
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