4 Payment Gateways disrupting eCommerce market in UAE
By Delisha Fernandes
Payment gateways, serving as essential intermediaries in the digital payment landscape, play a vital role in facilitating secure and efficient transactions between customers and merchants.
In the dynamic e-commerce space, particularly within the United Arab Emirates (UAE), their significance has been further underscored by the exponential growth forecasted by Statista, with the UAE’s e-commerce market projected to reach $17 billion by 2025.
This surge in online shopping activity has increased the demand for reliable and seamless payment gateways, making them more crucial than ever in ensuring the smooth flow of transactions within the region. Here are 4 widely-used eCommerce Payment Gateways in UAE:
CCAvenue is a payment gateway based in India. Currently, it is one of the most widely used platforms in the UAE. The company offers a comprehensive suite of web services spanning digital payment solutions, data centre infrastructure, and software platforms to merchants, enterprises, corporations, and governments in both domestic and international markets. Its digital technology facilitates businesses and governments to execute e-commerce transactions safely and securely.
noon payments is an online payments platform by noon, engineered for growth. From e-commerce stores to subscription businesses to platforms and marketplaces, noon payments offers a complete stack for all payment needs across channels. The noon payments product suite includes a Payment Gateway, Payment Links, EMIs, & Subscriptions.
PayCaps is a customised payment gateway solution in UAE and throughout the Middle East, providing a safer, faster and user-friendly payment gateway for Small & Medium-Sized businesses. PayCaps also provides highly customizable white-label payment gateway solutions to companies around the globe where brands and businesses can choose the design, payment methods and overall theme according to their brand.
Established in 2014, Telr is a Dubai-based start-up offering payment gateway solutions for SMEs, government bodies, and large corporations. Its wholly-owned, unique platform enables it to handle complex or unique payment methods or integrations. TELR enables businesses to transact in over 120 currencies with payment platform capabilities in 30 languages, and it provides customers with a range of financial and business services that include social commerce, QR Codes, anti-fraud protection, Shopping Cart Integrations, and digital invoicing.
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