The e-commerce sector in the United Arab Emirates (UAE) is currently experiencing a significant growth spurt. It’s a bustling industry that is rapidly expanding, with projections indicating that it is expected to reach a market volume topping a staggering US$6,854.2 million by the year 2027. This unprecedented growth rate can be largely attributed to the steady increase in online shopping habits among the UAE’s population. As such, the need for secure, reliable, and user-friendly payment gateways has become more important and urgent than ever before in the UAE’s e-commerce landscape.
In this comprehensive analysis, we will delve into the world of the leading payment gateways that are currently dominating the market in the UAE. We will take a closer look at their key characteristics, delve into the associated costs of each, and examine how they could potentially be beneficial for your online business. This piece aims to provide a thorough exploration and understanding of these payment systems, shedding light on their operations and how they can be effectively leveraged to enhance the functionality and success of your e-commerce venture.
Telr
Telr, a payment gateway that has received high acclaim and praise, holds a well-deserved and prominent position within the fast-paced and competitive landscape of fintech solutions in the United Arab Emirates. Offering a rich diversity and wide array of popular and secure payment methods, Telr masterfully caters to the evolving needs and demands of various types of businesses and consumers alike. Its services have a broad reach, extending to over 100 countries around the globe. This impressive reach allows Telr to consistently expand its global footprint, making it a top choice for international transactions and ensuring it remains at the forefront of the payment gateway industry.
In its continued commitment to innovation, flexibility, and adapting to the ever-changing market needs, Telr regularly introduces more payment options. This proactive approach not only keeps it in tune with the latest trends in the payment industry, but also provides its clients with a variety of options to choose from.
Understanding the varying needs of different businesses, Telr has smartly divided its services into three payment tiers – Entry, Small, and Medium. This strategic positioning enables it to cater to a broad spectrum of businesses. Whether it’s nascent startups that are finding their footing and beginning to make their mark, small to medium enterprises (SMEs) seeking to scale up their operations, or well-established online businesses that are operating in a market that’s experiencing rapid growth, Telr provides a robust and reliable payment solution.
Amazon Payment Services
Amazon Payment Services, which was earlier recognized as Payfort, is a prominent online payment system that is extensively utilized not only in the United Arab Emirates but also in other Arabic-speaking regions. These regions include Egypt, Saudi Arabia, Lebanon, Jordan, and Qatar. This innovative platform has the capability to process an assortment of online payment methods, thereby providing a much-needed solution to your e-commerce needs.
One of the significant advantages of Amazon Payment Services is the high level of security it offers. This particular feature is designed to significantly reduce transaction risks on your website, thus ensuring the protection of your customers’ sensitive information. By doing so, it also indirectly contributes to a boost in your income, as customers are more likely to make a purchase when they trust the security of the payment system.
Furthermore, what makes Amazon Payment Services stand out is that it’s not a one-size-fits-all solution. Instead, it has been specifically designed considering the unique online purchasing behaviors and trends prevalent in the Arab world. This high level of customization makes it adapt well to the specific needs and preferences of consumers in these regions. Therefore, if you are looking to set up an online shop that caters to customers in the Arab world, Amazon Payment Services could be an ideal payment solution for you, providing a seamless and secure online transaction experience for your customers.
Checkout
Checkout, a significant player in the global eCommerce gateway, was established in 2012. It offers an extensive range of online payment services, catering to the needs of businesses worldwide. The company has made a name for itself by providing reliable and efficient payment solutions that have revolutionized the digital marketplace.
In 2014, understanding the vast potential and increasing demand for online and mobile payment services in the Middle East, Checkout decided to expand its operations to the United Arab Emirates. This expansion marked a significant milestone in the company’s history, as it opened doors to an entirely new market, providing more businesses with access to their exceptional services.
For the UAE and other Middle Eastern countries, Checkout has gone above and beyond to cater to the diverse needs of its clientele. The company offers not one but five different payment methods, ensuring that every customer’s preference is taken into account. These payment options include the globally recognized VISA and Mastercard, the Japanese credit card JCB, the Saudi payment system Mada, and the well-established American Express. By offering these varied options, Checkout continues to uphold its commitment to flexibility and customer satisfaction.
2checkout
Founded in the year 2006, 2Checkout has grown to become a global leader in the payment gateway industry. With its roots firmly planted in the cosmopolitan hub of the United Arab Emirates, this dynamic and forward-thinking company has dedicated itself to providing a comprehensive suite of trade services to its diverse clientele.
One of its most prominent and sought-after offerings is the provision of credit and debit card processing – a service that has taken on critical importance in today’s digital age where cashless transactions are no longer a novelty but a necessity. As society continues to gravitate towards a more digitized lifestyle, businesses need to adapt and 2Checkout is facilitating this transition in the UAE by supporting an impressive array of 10 different payment methods.
These payment methods encompass a wide variety of options, catering to the differing needs and preferences of consumers. The options range from well-established and globally recognized methods such as American Express, Apple Pay, and Mastercard, to digital wallets like Neteller and Skrill, and even includes traditional methods such as Bank Transfer and Purchase Order (PO). The inclusion of universally used options like PayPal and the ubiquitous VISA card further broadens its appeal, ensuring that it caters to a vast spectrum of customers.
Cashu
Located in the bustling heart of Dubai, United Arab Emirates, Cashu has firmly established itself as the foremost provider of online payment solutions in the extensive and diverse regions of the Middle East and North Africa (MENA). Serving as a digital bridge to a world of financial transactions, the company has carved a unique niche for itself in this vast, complex market.
Cashu distinguishes itself through its unparalleled service, setting the benchmark for secure digital transactions. It operates on the frontline of technological innovation, powered by advanced anti-fraud and Anti-Money Laundering (AML) systems. These cutting-edge features have been strategically designed and developed with the purpose of mitigating any potential risks associated with online monetary transfers. By doing so, it ensures a safe and secure transaction environment for its users, instilling confidence in every exchange.
With Cashu, every transaction is not just processed but meticulously monitored. This rigorous attention to detail provides an extra layer of assurance to users. It effectively eliminates the possibility of chargebacks, thereby reinforcing the safety and security of the entire transaction process. Choosing Cashu as your payment gateway is not just a simple choice, but an incredible opportunity. It is a decision that can open up a world of possibilities for expanding your business operations, not just within the local market but extending into the international arena.
CC Avenue
Founded in the year 2001, CC Avenue has gained a formidable reputation as one of the premier payment gateway providers in the bustling market of India. Its success in the domestic market led to an expansion of its operations on a global scale. This materialized in 2004, when they established a significant presence in the Middle East by launching an office in the cosmopolitan city of Dubai.
In the present era, they have carved a niche for themselves as experts in the domain of electronic payments. They have become an integral part of the business operations for various eCommerce ventures operating in the United Arab Emirates. Their expertise and the efficiency of their payment solutions have led to a surge in their popularity among these businesses.
The pricing scheme of CC Avenue‘s payment gateway is designed with a comprehensive understanding of the diverse needs of businesses. It aims to cater to enterprises of all magnitudes, ranging from fledgling small and medium-sized businesses striving to make a mark in the e-commerce world, to well-established large corporations who are already significant players in the sector. This inclusivity in their pricing model is a testament to their commitment to serving a broad spectrum of businesses.
Tap
Established in 2013, Tap, a highly reliable and secure payment gateway, has gained significant recognition in the United Arab Emirates’ financial industry. They have rapidly risen to become a leading player in the sector, owing to their dedication to providing highly secure and efficient transaction services.
Currently, Tap caters to a broad clientele, which includes over 1,000 businesses ranging from small startups to large multinational corporations. They have successfully processed an innumerable amount of transactions, ensuring quick and secure payments for customers all around the world, hence cementing their position as a trusted financial partner.
In its pursuit of offering the utmost security, Tap has implemented stringent security measures across all aspects of its platform. These measures are designed to uphold the high security levels set by the banking industry. To further enhance the security of transactions. Tap strictly adheres to the global Payment Card Industry Data Security Standard (PCI DSS), thereby ensuring the safeguarding of business and customer data. By doing so, Tap fortifies its commitment to maintaining a secure environment, fostering trust and confidence among its users.
PayTabs
PayTabs, a premier payment gateway originating from the United Arab Emirates, is highly revered. Since its establishment in 2014, it has been praised for its innovative approach to payment processing and effective fraud prevention systems. PayTabs is not merely a payment system, but a secure online payment infrastructure that provides e-businesses with tools for smooth payment processing and efficient invoice generation, all made possible by its pioneering technology.
What distinguishes PayTabs is its steadfast dedication to security. By investing in state-of-the-art security measures, PayTabs safeguards its users from fraud, ensuring a secure transaction environment. This commitment to stringent security standards has been recognized by industry leaders, earning PayTabs certifications from international payment corporations, Visa and MasterCard.
Such endorsements highlight PayTabs‘s reliability and credibility as a payment gateway. It affirms that PayTabs is not just another payment gateway, but a trusted one that has gained the confidence of major players in the payment industry. Therefore, for e-businesses looking for a secure, efficient payment processing solution, PayTabs stands out. It delivers reliable, efficient, and safe transactions, positioning it as the preferred payment gateway for businesses in the digital realm.
