4 Payment Gateways disrupting eCommerce market in MENA
Payment gateways are third-party companies or software mechanisms that facilitate and authorize financial transactions between customers and merchants. They serve as intermediaries in the payment process, ensuring the secure and efficient transfer of payments.
The Middle East and North Africa (MENA) region has witnessed significant growth in eCommerce over the past decade, with it various payment gateways tailored to the market’s unique characteristics. MENA’s e-commerce ecosystem is diverse, with countries like the United Arab Emirates, Saudi Arabia, Egypt, and Turkey leading the way.
Here are 4 widely-used eCommerce Payment Gateways in MENA:
CASHU is a safe payment method designed for and customised to suit, serve, and support online shoppers in all Arabic speaking and surrounding countries. It offers safe, convenient, and easy-to-use payment options, enabling everyone to make purchases online regardless of their financial situation, nationality, or income level. It is a payment platform that is based on and incorporates the most advanced and modern fraud protection and anti-money laundering (AML) technologies, lowering the risks connected with online payments for both buyers and sellers.
HyperPay is a FinTech company that offers payment gateway, solutions, and services for e-commerce and merchants. The company offers organisations a diverse selection of integrated payment solutions and financial services to help in the transition to a cashless society, improve people’s lives, and spur corporate expansion. In addition to payment processing, it provides a wide range of additional goods and services to merchants, such as risk and fraud management, monitoring systems, installment plans, and invoicing systems.
PayTabs processes transactions in multiple currencies and markets swiftly and securely. By providing the infrastructure for B2B payment solutions, including digital invoicing for businesses, QR codes, social media payments, point of sale and switching platforms, PayTabs facilitates seamless e-commerce and social commerce solutions for merchants and super merchants. The company launched PT Touch, the ﬁrst soft POS solution in the MENA market, to transform smartphones into merchant point of sale (POS) terminals.
Tap Payments is revolutionizing online payments in the UAE and across the MENA region by connecting businesses with simple, unified payment experiences. Tap Payments simplifies MENA payments regionally and globally for businesses by unifying and connecting all regional and international payment methods your customers prefer securely under a single integration.