Empowering Global E-Commerce Businesses in the UAE

 


Worldline a leading global payments provider, has partnered with Telr, a Dubai-based payment gateway aggregator, to launch a new e-commerce payments solution for the rapidly expanding UAE market. This partnership aims to simplify online payments and optimize transactions, enabling global online businesses to capitalize on the significant opportunities available in this strategically important region.


The UAE has emerged as a global hub for investment and tourism over the past two decades, thanks to its strategic location and business-friendly environment. E-commerce has seen remarkable growth in the country, with a 20% compound annual growth rate since 2017, and revenues are expected to reach $10.78 billion by 2029.


With high internet and smartphone penetration rates, over 71% of e-commerce payments in the UAE are made through cards and digital wallets. The country's commitment to sustainability and digital transformation, driven by initiatives like Abu Dhabi's Vision 2030 and the Dubai Plan 2021, further underscores the potential for growth in the e-commerce sector.


The Worldline-Telr partnership aims to leverage the strengths of both companies to empower global online businesses to thrive in the UAE market. Worldline brings its extensive global payments expertise, while Telr contributes its deep understanding of the local market and strong relationships with key stakeholders.


The joint solution will provide businesses with access to a wide range of local and international payment methods, including popular card and mobile payment options. It will also offer localized checkout processes, higher approval rates, and optimized costs through local acquiring and flexible remittance solutions in multiple currencies.


By simplifying the complexities of entering the UAE market and boosting the profitability of e-commerce operations, this partnership is expected to help global online businesses successfully connect with the country's tech-savvy consumers and capitalize on the rapidly growing e-commerce opportunities in the region.

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