Today 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.
