Page 25 - BKN301 PR Report - June 2024

BKN301 Group uses its BaaSOrchestrator solution ‘301pay’ to elevate MENA’s eCommerce landscape | UAE News 24/7
BKN301 GROUP USES ITS
BAASORCHESTRATOR SOLUTION
‘301PAY’ TO ELEVATE MENA’S

ECOMMERCE LANDSCAPE

JUNE 24, 2024 UAENEWS247

To drive innova on and economic growth across the region

BKN301 Group uses its BaaSOrchestrator solu on ‘301pay’ to elevate
MENA’s eCommerce landscape

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.

June 24, 2024: 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 ormallowsbusinesses 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,
governmentsand organisa onsacross the MENA region
are key advocates of advanced digital transac on systems, driving the
growth of the wider fintech infrastructure.

As aleading digital payments and Banking-as-a-Service (BaaS) provider,
BKN301 Group has designed the‘301pay’ solu on to revolu onise the
eCommerce landscape. The B2B solu on allows eCommerce businesses
to easily manage the payment acceptance process, ensuring security and
compliance with regula ons through its unique features such as one-
click payment, mul -currency op ons, recurrent payment system, pay by
link and QR payments, checking account, and customer collec on
disbursement services.
S ven Muccioli, Founder and CEO of BKN301 said, “We are delighted by
the success of our innova ve online payment gateway 301pay, which
aims to elevate the eCommerce retail experience, aligning with the
broader na onal goals of digi sa on. Cu ng-edge payment systems are
the cornerstone of eCommerce businesses worldwide, transforming how
they operate and engage with customers. Bolstered by the success of
301pay, we remain commi ed to pioneering innova ons in the regional
fintech landscape, driving ubiquitous growth.”

Globally, the online payment gateway market is poised to cross USD
28.66 billion by 2029, growing at a CAGR of 16.95 per cent. Rising
eCommerce sales, rapid internet penetra on, and evolving online
consumer and business demands, have all contributed to the growth of
the online payment gateway market,paving way for the rise of simple
online payment systems.

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