Unlike other regions of the world, the Middle East B2C E-Commerce market has developed slowly. Furthermore, the Internet penetration rate in the Middle East was in 2020 was estimated at 40%, far lower than the 80-90% penetration rate of the leading global regions. In a pre-COVID-19 assessment, the value…
The online payment industry in the Middle East and Africa continues to accelerate, especially after the onset of COVID-19 pandemic in 2020. After the lockdown, consumers adopted even more strongly the alternative ways of payments when shopping due to the fact that they were faster, more secure and did…
Amazon Business was expected to grow much faster than B2C Amazon, Alibaba is showing no signs of decreasing demand, and many B2B start-up marketplaces are raising substantial investment funding amid the COVID-19 pandemic. In 2020, furthermore, the Gross Merchandize Value of third-party marketplaces was expected to grow by about…
During COVID-19, bank wire transfers, bank debit and cheques continued to be the go-to payment choice for B2B companies worldwide. For B2B companies worldwide. Specifically for E-Commerce, however, businesses preferred credit cards, terms (30-60-90), and mobile wallets. The fact that the digitalization of business-to-business payments is important was understood…