At present, the full-service restaurant industry in the UAE is worth USD 8.39 billion. By 2029, it is expected to grow to a staggering USD 19.66 billion. And it’s no wonder why. Be it a casual brunch with friends, a business lunch, or a lavish family dinner, eating out is extremely popular in this Middle Eastern country.
The UAE’s hospitality market, worth USD 7.37 billion at present, is poised to reach USD 9.46 billion by 2029. And restaurants, an integral part of this booming hospitality sector, cater to guests with varying tastes and budgets. However, the checkout experience is often suboptimal because of traditional processes that involve cash or card machines and long wait time.
Home to stunning buildings like the Burj Khalifa, Burj Al Arab, Emirates Towers, Cayan Tower, and Museum of the Future, the UAE has always boasted a dynamic construction industry. Currently, the market size is estimated to be worth USD 41 billion. By 2029, it is likely to reach USD 50.40 billion after growing at a 4.26% rate annually.
Businesses across various industries are increasingly reliant on online transactions. Whether you operate an e-commerce store, a subscription-based service, or a brick-and-mortar establishment with an online presence, selecting the right payment gateway provider is crucial for seamless and secure transactions.
Companies are constantly innovating to find new revenue streams and enhance customer experiences. One such innovation that has gained significant traction in recent years is the subscription-based business model.
Leveraging this model, companies offer products or services regularly, providing convenience to customers while ensuring steady revenue streams.
Find out how offering an installment payment option to customers can benefit your retail business in the fast-growing landscape of UAE. This type of payment method is becoming popular.
Eid al-Fitr, an auspicious and joyous occasion in the Middle East, marks the end of Ramadan and revolves around prayers, feasts, celebration with loved ones, and exchange of gifts. Naturally, people shop more than usual during this time. In fact, 81% of UAE residents are excited about special Ramadan editions offered by brands in 2024 compared to 76% in 2023.
Businesses are constantly seeking ways to enhance the customer experience and streamline transactions. One crucial aspect that can significantly impact the success of an online business is the acceptance of alternative payment methods.
Businesses are constantly seeking avenues to enhance efficiency, streamline operations, and ultimately gain a competitive edge. One such avenue that has emerged as a game-changer in the realm of online payments is payment orchestration.
Where innovation and advancement converge, the landscape of financial transactions is undergoing a seismic shift. As the heartbeat of commerce in the Middle East, Dubai is at the forefront of embracing cutting-edge payment gateway solutions, propelling businesses into the digital age.
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