Cash is a physically visible fund or wealth or asset a person or an organisation owns. The holder or Bearer of Cash is the owner of it. It is the commonly used medium of fund worldwide. In the UAE also, cash transactions are the main mode of payment that is happening today. Cash can be in the form of coin or currency notes.
Klip is a cashless payment system of the United Arab Emirates. It is a digital cash platform that eliminates use of physical cash. Also it is a safe and secure mode of payment method as per the promoters Emirates Digital Wallet. It is by UAE’s Central Bank. The launch of Klip is in September 2020 by Emirates Digital Wallet and is tested multiple times with different aspects to make it fool-proof. You don’t need to carry currency notes, coins or credit cards for making payments or even receiving payments. It is a safe mode of transaction system. Anything and almost everything can be purchased through it by making payments. It is very efficient too. Most importantly it is secure too. You can save money or even transfer too.