Business Reporter BrandVoice: Stepping Into Tomorrow Today: Shaping The Future Of Payments In The MENA Region [Video]

Business Reporter BrandVoice: Stepping Into Tomorrow Today: Shaping The Future Of Payments In The MENA Region [Video]

HyperPay is a Business Reporter client.

The pandemic has forced us to take bigger steps towards a truly cashless society - but we were headed in that direction anyway. Before, most businesses were operating offline, and those businesses that applied e-commerce didn't focus on intensifying the concept. It was just a means to an end. However, the pandemic came, our way of life changed, and the business environment changed with it. Businesses that were able to transition and fully perform online were on the winning end. Several fintech start-ups launched and thrived due to the demand for such services.

hyperpay

We have been pushed out of our comfort zone: e-commerce is the new normal, digital payment is on the rise, and shopping online, receiving payments and paying bills has never been faster. Whatever service you want is just a click away.

New trends in Digital Payments

Currently, the biggest payment trend is the use of digital and mobile wallets. They have made shopping a breeze. In terms of increased sales, mobile wallets have contributed significantly: from retailer-personalised applications to wallets from financial institutions, device manufactures and technology platforms. These wallets have also enhanced the security and safety of funds, and became essential for