Page 18 - HyperPay Report - FEBRUARY 2024

2/22/24, 1:56 PM Customer Experience Excellence: How HyperPay enhances checkout processes | Web Release
Council (GCC) region was projected to have a 12.2 per cent penetration rate of offline retail in 2025.

After the pandemic, the projected penetration rate increased to about 16.3 per cent.

A recent Agility Logistics study stated that the Saudi e-commerce market generated a revenue of USD

10 billion in 2023, making it the 28th largest online market globally. The Kingdom’s e-commerce
market is estimated at USD 13.61 billion in 2024 and is slated to reach USD 27.37 billion, registering a

[3]
CAGR of 15.01 per cent during the forecast period 2024-2029. In 2023, the UAE’s e-commerce
market was valued at USD 8856.18 million and is projected to grow at a compound annual growth rate
[5]
(CAGR) of 11.52 per cent to reach USD 16532.75 million over the forecast period of 2024-2029 .
The growth of the e-commerce market is driven by a combination of factors, notably the increased

usage of the internet and a tech-savvy population.

To assist companies involved in the world of e-commerce, several digital payment solution providers

are going above and beyond to innovate and deliver various ground-breaking solutions that contribute

to an enhanced checkout experience. For instance, HyperPay, a leading payment gateway provider in
the MENA region, has designed several innovative solutions that significantly revolutionise checkout

processes, enriching customer experiences across various e-commerce platforms. By leveraging its

cutting-edge technology and user-friendly interface, the company promises a rapid, secure, and smooth

checkout process for both customers and businesses.

A striking feature that distinguishes HyperPay in the market is its support for multiple payment
methods. By utilising HyperPay’s solutions, customers can choose their preferred type of payment

option at checkout, including credit cards, debit cards, digital wallets, or bank transfers. This flexibility

enhances inclusivity and satisfaction by serving a wide range of customers preferences and demands. In

addition, it also provides one-click payment options, where customers can save their payment

information for future purchases, eliminating the need for re-entering their details every time they make
a transaction.

Furthermore, several e-commerce platforms, including Shopify, WooCommerce, Magento, and others,

are easily integrated with HyperPay. Owing to this integration, the need for complicated technological

installations and setups is eliminated, enabling businesses to integrate HyperPay’s payment solutions

quickly and seamlessly into their current online storefronts. As a result, merchants can completely
focus on providing remarkable products and services, while HyperPay efficiently manages the payment

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