First Arab World Online Payment Report launched

the state of payments in the arab world  First Arab World Online Payment Report launchedToday the first edition of the Arab World Online Payment Report. The report provides in-depth analysis of the state of e-payments in the UAE, Saudi Arabia, Egypt, and Kuwait. The report opens with a detailed analysis of the growth of e-commerce over the past ten years and profiles the aforementioned markets’ consumers and their e-commerce consumption patterns.

The report analyses e-payment and e-commerce penetration throughout the region, and looks at the most visited e-commerce sites in the above markets. It finds that 15 percent of the region’s businesses have an online presence and notes that the e-commerce industry is expected to grow from $9 billion in sales in 2012 to $15 billion in 2015. The report concludes with a section on m-commerce and omni-commerce, the former of which is expected to increase from $0.9 billion in sales in 2012 to $3 billion in 2015, and the huge potential it has in the region.

According to the report, in the UAE, 60 percent of the 3.65 million e-commerce customers are located in Dubai, while another 27 percent are in Sharjah and Abu Dhabi collectively. In Egypt, 27 percent of e-commerce purchases are paid for with a credit card, while cash on delivery makes up the remainder.

Download the full report here.


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