Middle East Saw 23% Increase In Online Payments In 2015

Saudi Arabia and the UAE saw the highest levels of growth

The online payment service Ayfort has revealed in its State of Payments in the Arab World report that the region saw a 23% increase in online payments during 2015. The positive result, led by high growth in both Saudi Arabia and the UAE, also shows that online payments across the Middle-East could grow by around 300% before 2020, resulting in 69 billion US dollars of transactions every year. The information, from the seven markets it operates in (Egypt, Jordan, Kuwait, Lebanon, Qatar, Saudi Arabia and the UAE), also shows that just over half of shoppers across the region prefer cash-on-delivery and 90% checked online reviews, but only 17% said their entire journey took place online. This includes revealing the high growth levels in online transactions in the airline and travel sector across the region. 

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