There is absolutely no doubt that the unprecedented events during the preceding year have powered out a giant boom in online expenses, a trend that is subjected to fast-track within 2021.
The Digital payments podiums Checkout.com predicts and trends to accelerate the native footprint. A latest study through Checkout.com within the Middle East, North Africa, as well as Pakistan (MENAP) territory founded that overall 47 percent of the clients anticipate for shopping online even better frequently this year comparatively to in 2020.
The native manager for the MENAP territory, Checkout.com, Mo Ali Yusuf stated that: “We’ve witnessed a steady shift to digital payments over the past six years, but the pandemic has really served as a catalyst, condensing nearly five years of growth into a matter of months.”
He further added that: “Traditionally dominated by cash payments, there’s a clear opportunity for merchants today to capitalise on digital payments to meet shoppers evolving purchase preferences.” Checkout.com is also a digital payment podium wherein the native clients include Seera Group, Careem as well as amongst others.
Yusuf states the digital alteration is better than just temporary shift in just with a temporary shift in client behaviour. He also added that: ““Preference for digital payments over cash on delivery or bank transfers rises significantly as consumers shop online more frequently. Robust digital payment options have become an integral part of what consumers in the region expect from merchants.”
There have been queries about whether the digital impetus over the preceding year is justifiable in the long term.
Mobile Wallets
Yusuf stated that: “We offer merchants an opportunity to tap into local payment methods as well as all widespread digital wallets, and of course international credit and debit cards. Our connected technology makes these payments more seamless, secure and reliable.”
The utilization of the mobile wallets is surging a lot exponentially within the territory, providing a better convenient pathway for paying online or within the in-store.
Middle East clients now have abundantly digital payment possibilities available; in response, merchants in the province have confirmed greater flexibility in letting clients do payment in their way, wherever they are.
Yusuf stated that: “Checkout.com has as an outcome prolonged by a number of its global partnerships to the province including Apple Pay, Google Pay and PayPal. We have also partnered with local mobile wallets such as Benefit Pay to offer consumers more choice at the checkout. All of these wallets are available via a single technical (API) integration to Checkout.com’s platform – offering a world of opportunities for fast-growing businesses in the region.”
Yusuf also stated that: “From cloud to blockchain, technological trends will have a significant impact on the payment ecosystem in the future. “As a company, we are constantly at the forefront of exploring new technologies that can help our merchant partners in the region and around the world.”
“That’s why our cloud-based payments platform has been developed from scratch to enable a single integration for global enterprises, allowing them to access the latest and most popular payment methods in all the regions in which they operate,” he concluded.
