Rory O'Neill’s Post

The UAE and Saudi Arabia are witnessing a significant shift toward digital payments as consumers increasingly adopt modern shopping trends, according to the latest analysis from Checkout.com. The data highlights a marked rise in online shoppers, the growing popularity of Buy Now, Pay Later (BNPL) options, and increased consumer confidence in sectors such as travel. Read more: https://lnkd.in/dgrZ3MnF Mastercard, Visa, Checkout.com #FintechNewsUAE #Payments #DigitalPayments #Ecommerce #BNPL #DigitalFinance #Tech #innovation #Fintech #UAE #SaudiArabia #KSA #MiddleEast #MENA #FintechNews #UAEStartups #fintechstartups #SaudiStartups #Entrepreneurship #Investing #Funding #FintechNewsUAE

The UAE and Saudi Arabia are witnessing a significant shift toward digital payments as consumers increasingly adopt modern shopping trends, according to the latest analysis from Checkout.com. The data highlights a marked rise in online shoppers, the growing popularity of Buy Now, Pay Later (BNPL) options, and increased consumer confidence in sectors such as travel. Read more: https://lnkd.in/dEKS52CK Mastercard, Visa, Checkout.com #FintechNewsSaudiArabia #Payments #DigitalPayments #Ecommerce #BNPL #DigitalFinance #Tech #innovation #Fintech #UAE #SaudiArabia #KSA #MiddleEast #MENA #FintechNews #UAEStartups #fintechstartups #SaudiStartups #Entrepreneurship #Investing #Funding #FintechNewsSaudiArabia #SaudiVision2030

💵 When was the last time you used cash in your daily life? Last time I used cash (aside from random requests like UK driving lesson payments) was around 6 years ago! 🤯 Worldpay released their annual report on the electronic payments market, and it’s a goldmine of info for anyone in the FinTech startup scene. The focus is all about user behavior, specifically paying users. One key takeaway is that even though many EU countries share common regulations, the e-commerce payment landscape in Europe is incredibly diverse. Here are some highlights: • Digital wallets are the top e-commerce payment method in Europe, making up 30% of the e-commerce transaction value in 2023. They’re expected to grow at a 17% CAGR until 2027, reaching around 40%. • Cash transactions have dropped significantly, from about 40% to 20% between 2019 and 2023. By 2027, they’re projected to account for just 16% of POS transactions, shrinking at a -5% CAGR. If you’re diving into the FinTech world, especially in Europe, this report is a must-read. #FinTech #ecommerce #digitalpayments #startups #technews

Fintech News 🚨: Checkout.com pulls in $2 million extra revenue for MENA fintech unicorn Tamara Founded in 2020, Tamara has rapidly emerged as Saudi Arabia's first fintech unicorn, achieving this milestone in record time. Their mission is to empower millions of people in their daily lives and change the way they shop, pay and bank. Serving millions of users across Saudi Arabia and United Arab Emirates, Tamara supports cross-border transactions, as well. They partner with global brands, such as Shein, Jarir Bookstore, Noon, Extra and Farfetch, as well as thousands of small and medium businesses. Inspired by traditional credit systems in local grocery stores, Tamara modernized this practice through buy-now, pay later technology while adhering to Sharia compliance. Checkout.com helped Tamara to significantly improve payment collection. In a matter of four months, Checkout.com ensured Tamara reduced the total number of failed transactions from 300,000 to just 1,600. This meant significant cost savings but also better experience for their shoppers. Checkout.com’s global platform and seamless integration with multiple payment methods made it very easy for Tamara to scale. Checkout.com provided Tamara with peace of mind knowing that all currencies the business needed were in one place. During the pilot phase of using Checkout.com’s Intelligent Acceptance, Tamara observed a significant increase in successful transactions. In just one month, Checkout.com helped Tamara optimize two million transactions, resulting in 40,000 additional payment captures. This generated an extra $2 million in revenue. Looking ahead, Tamara is excited to venture further into the lending sector to drive more business for their partners, and meet the changing needs of their consumers and businesses. “Checkout.com’s unwavering support has been essential in helping us achieve our goals,” said Abdulmohsen Al Babtain, Co-Founder and Head of Payments at Tamara. “With their advanced payment solution and expertise, we’ve been able to drive growth and innovation within MENA and beyond.” 👉 Subscribe for more insights https://lnkd.in/d94JgWBU #fintech #payments #bnpl

Digital wallet transactions in Pakistan surged 134% year-on-year, reaching 269 million transactions by June 2024, now making up 87% of all online e-commerce payments. JazzCash, Pakistan’s largest fintech company, has partnered with Dgpays, a leading EMEA-region financial technology provider, to upgrade its payment gateway for faster, more secure e-commerce transactions. This partnership aligns with the State Bank of Pakistan’s recent decision to increase financing limits for SMEs to Rs. 500 million, which is expected to support economic growth. JazzCash, serving over 1,700 e-commerce merchants, recorded a 150% increase in transactions in the first three quarters of 2024. Murtaza Ali, President of JazzCash, emphasized the company’s commitment to empowering businesses across Pakistan with enhanced, secure digital payment solutions to support the expanding e-commerce sector.

#Online #Payment #Gateway Market Size, Share & Trends Analysis Report By Type (Hosted, Non-hosted), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By End-use (BFSI, Media & Entertainment, Retail & E-commerce, Travel & Hospitality, Others), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2028 IMIR Market Research Pvt. Ltd. Market Growth and Size The online payment gateway market is experiencing significant growth, driven by increasing e-commerce adoption, digital payment methods, and rising internet penetration worldwide. Market size is expected to grow at a CAGR of 10-15% during the next 5-7 years. Key Drivers Growing preference for contactless payments post-COVID-19. Expansion of small and medium-sized enterprises (SMEs) into digital platforms. Government initiatives promoting cashless economies. 📚 𝐆𝐞𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐩𝐫𝐢𝐜𝐞 👉 https://lnkd.in/dCrezGEU   📚𝐓𝐨𝐩 𝐌𝐨𝐫𝐞 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐀𝐫𝐞:👇 Ingenico INSTAMOJO TECHNOLOGIES PRIVATE LIMITED . Klarna Liberty Afrika Technologies Ltd Merchant Warrior MyGate OPay Egypt PagBrasil  PagosOnline Pagseguro Internet Payfast Paygent PAYONEER CREDIT INC PayPal PayPoint plc. Paysafe PaySimple,  Payson PayU Payway® PesoPay Przelewy24 Qiwi Quicket Solutions, Inc Recursion FinTech Limited Robokassa Sage SecurePay.ae SECURETRADING GROUP LTD. Segpay ServiRed, Sociedad Española de Medios de Pago, S.A. #onlinepayment #onlineshopping #digitalpayment #payment #payments #paymentgateway #onlineshop #instagram #fashion #paymentsolutions #pulsa #ecommerce #onlinepayments #shopping #bestquality #indosat #online #dompetdigital #uangelektronik #india #paytm #mobilemoney #paymentprocessing #xl #convertpulsa #onlinestore #convertpulsajadiuang #belanjaonline #bagipulsa #pulsaalloperator

Mexico’s e-commerce sector is thriving and looking to ensure this success continues, Yuno, the #payments orchestration platform has partnered with BBVA Group‘s digital payments company, Openpay to simplify the online transaction process. In #Mexico, the current number of e-commerce users is 67.9 million, however, this figure is set to increase by 55 per cent by 2027 according to Statista. Additionally, the total transaction value in the Mexican #digital #payments #market alone is projected to reach $115.2billion in 2024, with a forecast annual #growth #rate of 9.84 per cent. In light of this, the new partnership between #Yuno and #Openpay will create further synergies in the local #payments #ecosystem, streamlining digital #payments. BBVA en México Yuno https://lnkd.in/gXQp5Ctu

💳 Brazilian Payments Major EBANX Partners with YES Bank for India Debut. 🤝 Summary: EBANX, a leading Brazilian payments company, has partnered with YES Bank to facilitate its entry into the Indian market. This collaboration aims to provide seamless cross-border payment solutions and support the growing e-commerce ecosystem in India. 🔑 Key Highlights: - EBANX has teamed up with YES Bank to offer its payment processing services in India, marking its debut in the country. - The partnership will enable Indian merchants to accept payments from international customers, facilitating cross-border e-commerce transactions. - EBANX's solution will support multiple payment methods, including credit cards, digital wallets, and local payment options, catering to diverse customer preferences. 📈 Market Context: - The Indian e-commerce market is experiencing rapid growth, driven by increasing internet penetration, smartphone adoption, and changing consumer behavior. - Cross-border e-commerce has emerged as a significant opportunity, with Indian merchants seeking to expand their reach to global customers. - Partnerships between international payment providers and local banks are crucial for enabling seamless cross-border transactions and fostering trust among buyers and sellers. 💼 Business Impact: - The collaboration between EBANX and YES Bank will provide Indian merchants with a reliable and secure payment gateway, facilitating international sales and revenue growth. - By offering localized payment options, EBANX's solution can enhance the customer experience and reduce cart abandonment rates for cross-border transactions. - The partnership also positions YES Bank as a trusted partner for businesses seeking to expand their global reach and tap into new markets. 🔮 Looking Ahead: As the Indian e-commerce market continues to mature, the demand for efficient cross-border payment solutions is expected to rise. The EBANX-YES Bank partnership is well-positioned to capitalize on this opportunity by providing merchants with a seamless and secure platform for international transactions. However, ensuring compliance with local regulations, data security, and maintaining robust fraud prevention measures will be critical for the long-term success of this collaboration. EBANX #EBANX #YESBank #CrossBorderPayments #eCommerce #PaymentSolutions #DigitalTransformation #FinTech ##StartUpNews #BusinessNews #MicroShots #NewsUpdates

The usage of Buy Now, Pay Later (BNPL) services is gaining significant traction in South Africa, driven by a large strained South African consumer base, the rise of e-commerce, and tough economic conditions. Its an intervention that could be a lifeline to so many businesses who are faced with loyal customers that are financially stretched like never before. A #BNPL service would have made the world of difference to me during my days of running fashion retail brand Burgundy Fly. A 2023 study by #Stitch revealed that over 56% of South Africans have used BNPL for online purchases, with providers like PayJustNow and Payflex seeing rapid growth. PayJustNow has reported a 105.8% year-on-year growth in 2023, while Payflex saw a 10-fold increase in sales volumes between 2021 and 2023. Both companies are playing key roles in meeting consumer demand for flexible, interest-free payment options, with BNPL allowing SMEs to increase sales and reach new customers. As more South Africans embrace BNPL solutions, this payment method is becoming a critical tool for businesses to enhance customer loyalty and drive higher sales. It’s conversations such as these that I look forward to having with Africa’s brightest tech minds at the #OMSingularityUSummit! Conversations about how we can integrate technology for better efficiency for both business and the consumer.  #OMSingularityUSummit #OldMutualSA #BNPL #Fintech #SMEs #SouthAfrica #Ecommerce #DigitalPayments https://lnkd.in/dNYW3HQH

#BigNumbers #KSA 🇸🇦 📈 in #fintech, always leads to natural 📈 in #eCommerce ✳ The shift to digital payments is more pronounced in Saudi Arabia 🇸🇦 , the UAE and Kuwait. ✳ 56% in the number of MENA consumers engaging in e-commerce weekly or more since 2020. ✳ Daily digital shoppers in MENA surged by 80% with Saudi Arabia 🇸🇦 leading the way with a 180% growth in consumers shopping online at least once a week. #Start #Ship #Scale with Bosta https://lnkd.in/d7y65yNW #DigitalPayments #Fintech #eCommerce #DigitalTransformation #eCommerceisNow #enablingeCommerce https://lnkd.in/dWq2bzP6