Page 26 - HyperPay Report - FEBRUARY 2024

2/22/24, 1:56 PM PRESSR: Customer experience excellence: How Hyperpay enhances checkout processes — TradingView News
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 CAGR of 15.01 per cent during

the forecast period 2024-2029.[3] 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 (CAGR) of 11.52 per cent to reach

USD 16532.75 million over the forecast period of 2024-2029 [5]. 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

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