Page 18 - BKN301 PR Report - June 2024

BKN301 Group uses its BaaS Orchestrator solution ‘301pay’ to elevate MENA’s eCommerce landscape

301pay desktop applica on. Image Courtesy: BKN301
FINTECH
BKN301 Group uses its BaaS Orchestrator solution

‘301pay’ to elevate MENA’s eCommerce landscape

To drive innova on and economic growth across the region

Press Release

June 24, 2024

The Middle East eCommerce market is set to reach USD 50 Billion by 2025 due to the widespread

adop on of cu ng-edge technologies and other factors
By 2029, the global online payment gateway market is expected to surpass USD 28.66 billion.

Leading the charge in innova on, BKN301 Group’s advanced BaaS orchestrator payment gateway solu on
‘301pay’ has been providing businesses of all sizes with unprecedented control over their payment processes,

contribu ng to the ongoing growth of the MENA eCommerce market. The mul -merchant payment
orchestrator pla orm allows businesses to effortlessly accept payments from customers worldwide through
developer-friendly APIs, further streamlining global transac ons and expanding market reach, while improving
customer sa sfac on.

The Middle East’s eCommerce market is projected to a ain a valua on of USD 50 billion by 2025, due to the

widespread adop on of cu ng-edge technologies, growth of a young and tech-savvy popula on, and
burgeoning disposable income levels in the region. Moreover, governments and organisa ons across the MENA
region are key advocates of advanced digital transac on systems, driving the growth of the wider fintech
infrastructure.

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