Saudi consumers expected to spend more on online shopping in 2022: Checkout.com

Saudi consumers expected to spend more on online shopping in 2022: Checkout.com

Since Saudi Arabia’s Vision 2030 plan was launched back in 2016, the Kingdom’s economy has continued to embrace modernization and diversification, opening to businesses like never before. This has resulted in a significant uptick in consumer demand for digital commerce and associated services, Checkout.com’s General manager in Saudi, Reem al-Harbi told Al Arabiya English.

“Every indicator shows us that consumer demand for digital commerce and associated services has surged in recent years. We have estimated that over 200 million people across the Middle East, North Africa and Pakistan (MENAP) shifted primarily to eCommerce since the start of the pandemic,” said al-Harbi.

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“Approximately 83 percent of consumers in the region say they'll maintain or increase their eCommerce spend year on year in 2022. Furthermore, 60 percent now prefer to pay via digital payment methods – a 20 percent increase year-on-year in 2021,” she added.

Consumers are now looking for a seamless shopping experience “curated to their personal preferences” and as a result, “communities in Saudi Arabia have really embraced digital commerce with great passion and remarkable speed,” said al-Harbi.

Checkout.com’s transaction volumes in Saudi Arabia saw a 470 percent increase in the