Unlocking E-commerce Opportunities in the UAE
The United Arab Emirates (UAE) has emerged as a significant player in the global e-commerce landscape, driven by its strategic location, low-tax environment, and high internet penetration. With a compound annual growth rate (CAGR) of 20% since 2017, the UAE’s e-commerce market is expected to reach US$10.78 billion by 2029.
A Growing Market with Unique Challenges
The UAE’s e-commerce market is characterized by a high percentage of online payments made through cards and wallets, with over 71% of transactions using these methods. However, the market also presents unique challenges, including the need for localized checkout processes, higher approval rates, and optimized costs.
A Partnership for Success
To address these challenges, Worldline has partnered with Telr to launch an e-commerce payments solution tailored to the UAE market. This partnership combines Worldline’s global payments expertise with Telr’s local market knowledge and strong relationships, enabling e-commerce businesses to tap into the UAE’s growing market.
Key Benefits of the Solution
The joint solution offers businesses:
* Access to local and international cards and mobile payments, along with localized checkout processes
* Higher approval rates and optimized costs with local procurement
* Local remittances in AED or cross-border in over 20 major currencies
* Recurring payments, fraud reduction, and chargebacks
A Commitment to Innovation and Growth
The partnership between Worldline and Telr reflects their shared commitment to driving innovation and growth in the UAE’s e-commerce market. By providing a seamless and successful expansion experience for global e-commerce companies, the solution aims to empower businesses to connect with UAE consumers and capitalize on the market’s vast potential.
A Strategic Expansion
The UAE solution is part of Worldline’s broader strategy to help businesses tap into high-growth markets such as Türkiye, South Korea, and Thailand. By launching new solutions and positioning companies for success in these complex but rapidly growing markets, Worldline is moving quickly to unlock new opportunities for e-commerce businesses.