If you run an online business in Saudi Arabia, giving your customers an easy and safe way to pay is crucial for success. The right payment gateway providers in Saudi Arabia can make a big difference in helping your store grow. But why is picking the right payment provider so important? Let’s break it down.
Women in the Middle East have come a long way from those days when cultural expectations, lack of funding, absence of role models, and inadequate networking opportunities held them back from pursuing their entrepreneurial dreams. In fact, female participation in the workforce is on the rise, and by 2025, likely to add USD 2.7 trillion to the economy of the region.
With 18th November right around the corner, Oman is happily gearing up for National Day celebrations. Apart from impressive parades, festive decorations, and cultural events, the country sees a sharp rise in shopping during this time. And that brings us to the gradually increasing popularity of ecommerce and the factors paving the way for a brighter future. So, as a business owner, on Oman National Day, don’t just focus on ways to sell and earn more this year.
Singles’ Day, first observed in China in 1993 as an unofficial holiday, has now amassed popularity in many other parts of the world. Those not in a romantic relationship in the UAE celebrate it every year too, and shopping is an integral and fun part of the day.
Whether you sell magazines, software solutions, educational courses, wellness packages, medicines, or vehicle maintenance services, you probably have a subscription-based model in place. And as you already know, subscription payment models require customers to pay a recurring fee on a yearly, monthly, weekly basis or at any other pre-specified interval.
The days of manually creating, issuing, and managing invoices are gradually fading into oblivion owing to the inefficiency, slowness, and labor-intensiveness of the process. The fact that 39% of manual invoices have been found to contain mistakes is a big enough wakeup call for most business owners.
Did you know that it can cost you five times more to acquire a new customer than retain an existing one? Also, the success rate of selling to a current customer is 60% to 70%, which is significantly higher than the success rate in case of a new one (5% to 20%). So, it’s evident that improving loyalty and retaining customers is essential for your UAE business to survive and thrive.
The market size for QR code payments at a global level is expected to exceed USD 51.58 billion by 2032 after growing at a rate of 16.5% annually. And it doesn’t come as a surprise. With internet and smartphone penetration rapidly increasing, more and more people are going online to shop for everything from essentials to luxuries.
In 2023, freelance registrations in the MENA region shot up by 142% vis-à-vis 2022, with more and more companies leaning towards a flexible workforce model. An increased demand was especially observed in sectors like banking, IT, real estate, finance, energy, hospitality, and construction. In the UAE, by 2030, a shortage of skills related to business and finance services is likely to leave 85.2 million jobs unfilled.
In the midst of adversity, the spirit of entrepreneurship shines brightest. The story of COMPUTRONIC is a testament to resilience, innovation, and the unwavering commitment to customer satisfaction.
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