ecommerce and digital payment set for major growth in 2021


The Connected Payments report for Middle East & North Africa, Pakistan (MENAP) region reveals that the region, historically dominated by cash payments, continues to present a significant growth opportunity for the digital payments industry. Released by, the report shows that nearly half of consumers are likely to increase their online shopping over the next year.The report draws insights from a regional survey, which polled more than 5,000 consumers in the UAE, Saudi Arabia, Egypt, Jordan, Qatar, Kuwait, Bahrain, and Pakistan.The report reveals that 47 percent of consumers say they expect to shop online more frequently over the next year. Only 15 percent expect their online shopping frequency to decline, while the remaining 38 percent expect it to remain about the same. The likely surge in e-commerce and digital payments more...