By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Arabian NewsThe Arabian NewsThe Arabian News
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Reading: UAE Study Reveals 75% of 8-Year-Olds Handle Online Payments Independently
Share
The Arabian NewsThe Arabian News
  • Politics
  • Pursuits
  • Business
  • Technology
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
The Arabian News > Technology > UAE Study Reveals 75% of 8-Year-Olds Handle Online Payments Independently
Technology

UAE Study Reveals 75% of 8-Year-Olds Handle Online Payments Independently

admin
SHARE

A recent global study by Checkout.com, a leading digital payments provider, reveals surprising insights into the digital behavior of Generation Alpha, children aged 8 to 15. The study shows that 75% of 8-year-olds and 92% of 15-year-olds in the UAE are independently making payments without the assistance of adults.

Contents
Key Findings on Consumer BehaviorLuxury and Big-Ticket Spending RisingBuy Now, Pay Later (BNPL) Among TeensGlobal Trends in Gen Alpha’s InfluenceSocial Commerce: A Key Shopping ChannelExpert Insight

Key Findings on Consumer Behavior

The research, conducted across the UAE, UK, US, and China, focuses on the spending habits of Gen Alpha, who are emerging as key players in the digital economy. The study highlights their growing purchasing power and reveals unique trends compared to other generations.

  • Shopping Preferences:
    • While 54% of millennials shop on direct-to-consumer websites, 51% of Gen Z prefer social media for their purchases, showcasing the rise of social commerce as a dominant shopping method.
  • E-Gaming Dominance:
    • Gen Alpha in the UAE leads in spending on e-gaming services, using 47% of their allowance for gaming, compared to 28% in other countries like the UK, US, and China.

Luxury and Big-Ticket Spending Rising

The study reports a notable increase in spending on high-end items, signaling a return to travel and luxury markets:

  • Luxury goods purchases increased by 46%.
  • Purchases of whitegoods rose by 30%.
  • Planned flight bookings saw a 25% boost, reflecting renewed interest in tourism.

Buy Now, Pay Later (BNPL) Among Teens

In the UAE, Gen Alpha over 13 years old is showing a growing preference for BNPL payment methods, with 11% of this group opting for this option.

Global Trends in Gen Alpha’s Influence

Globally, Gen Alpha drives 27% of their household’s monthly spending, rising to nearly one-third for digital purchases. Millennial parents play a significant role, with 29% purchasing digital products for their children monthly.

  • The most influenced categories include:
    • Online educational resources (47%)
    • Entertainment streaming services (30%)

Social Commerce: A Key Shopping Channel

Social media is the go-to platform for both Gen Alpha and Gen Z when discovering and purchasing products. The study shows little regional variation, with Gen Alpha preferring social commerce in:

  • US: 57%
  • China: 56%
  • UK: 48%
  • UAE: 41%

Meanwhile, physical store shopping is less common, with only 35% of Gen Z regularly shopping in person.

Expert Insight

Rory O’Neill, Chief Marketing Officer at Checkout.com, said,

“Generation Alpha is significantly influencing the digital economy. They aren’t just using social media for discovery but actively purchasing through these platforms. Businesses must adapt to these trends, especially in payment methods, to foster growth and loyalty in this competitive market.”

You Might Also Like

UAE’s ‘Plant the Emirates’ Begins With First 10,000 Seedlings in Homes, Schools, and Public Spaces

Facial Recognition Leads to 800+ Arrests, Sparks Debate

Dubai Future Foundation Launches “FEEL: A Disruptive Futures Program” with 42 Global Visionaries

ASUS Launches 13th Gen Intel Selection for DSF with Vivobook Laptops

Sky’s the Limit: UAE Cities to Pioneer Futuristic Air Mobility Services

TAGGED:Technology
Share This Article
Facebook Twitter Email Print
Previous Article Life-Changing Asthma Drug Faces Delays Due to High Costs
Next Article Burj Khalifa to Shine Brighter With New Lights for National Day

Popular News

alt="India-Pakistan Wagah-Attari Border Ceremony to Restart After Extended Halt"
India-Pakistan Wagah-Attari Border Ceremony to Restart After Extended Halt
World
alt="UAE Launches Dh1 Billion Fund to Drive Local Manufacturers on the Global Stage"
UAE Launches Dh1 Billion Fund to Drive Local Manufacturers on the Global Stage
Exclusive
Alt="India Tampers with Gold Import Regulations, But UAE Traders Undeterred"
India Tampers with Gold Import Regulations, But UAE Traders Undeterred
Business
alt="Gold Prices Inch Higher Once More in UAE, Buyers Remain Apprehensive Under Uncertainty"
Gold Prices Inch Higher Once More in UAE, Buyers Remain Apprehensive Under Uncertainty
Economics

Recent News

  • Sheikh Mohammed Awarded as Silk Road’s ‘Inspirational Literary Figure’
  • Edufair Abu Dhabi Opens Up: Careers, Schools, and Student Aspirations
  • IBS or Heart Attack? My Agonizing 25-Year Struggle with Acidity
  • Meta Announces Essential Tips to Identify Spurious WhatsApp Business Profiles
  • Oman Imposes Digital Tax Stamps on Drinks Beginning June 1
The Arabian News

Quick Links

  • Home
  • Business
  • Real Estate
  • Contact

Featured Categories

  • Real Estate
  • Wellness
  • Politics
  • Economics

Find Us on Socials

© 2024 The Arabian News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?