Justice minister, DGA chief discuss partnership to boost digital judicial services    Netanyahu does not rule out further strikes on Hamas leaders    US farmers are being squeezed – and it's testing their deep loyalty to Trump    Romania condemns 'irresponsible' Moscow after Russian drone breaches its airspace    Kirk's assassination is forcing US politicians to make difficult choices about their safety    India players refused handshakes, says Pakistan coach    Final stage of Spanish Vuelta cycling race abandoned after disruption by pro-Palestine protesters    Mané fires Al Nassr past Al Kholood to keep perfect start as Ronaldo honored    Lacazette brace earns NEOM SC first Saudi Pro League win    Adolescence star Owen Cooper makes Emmys history at 15    Saudi liquidity grows 8.4%, reaching SR3.1 trillion in July 2025    Over 434,000 people acquire first aid skills during nationwide health campaign    Saudi Arabia's legislative advancement highlighted at International Conference on Judicial Training    Sudden swerving among 3 major causes of accidents in Riyadh in 2024    Princess Haifa emphasizes pivotal Saudi role in shaping future of tourism    Sahm Capital names Saudi Olympian Fayik Abdi as brand ambassador    SR9000 fine for copyright infringement using AI    King Charles and Prince Harry finally reunite after 19 months apart    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Security over payment deters GCC residents from online shopping
Published in The Saudi Gazette on 30 - 04 - 2017

Some 48 percent of GCC residents prefer to shop online, with 33 percent of respondents stating that online shopping is just as safe as offline shopping, a recent survey commissioned by Seamless Middle East 2017 – the region's most extensive technology and solution exhibition for the payments, e-commerce and retail industry – revealed.
The Arab Federation for e-Commerce (AFEC) said last month that the region's current share of the e-commerce market only represents one percent of the global market. However, the survey results highlight the increasing opportunity for e-commerce in the region.
"The existing appetite for online shopping in the Middle East poses a promising opportunity for international and regional investors in the e-commerce sector. The Arab Federation of e-commerce will play a central role in supporting and advising the public and private sectors in the Arab states to ensure continuous growth and further development of e-commerce in the region, as we strive to capture a fair share of the global digital industry," said Dr. Eng. Ali Al Khouri, First Deputy Chairman of the Arab E-commerce Union, and Chairman for the Supreme Committee.
Amna Lootah, Assistant Director General, Finance and Commercial at Dubai Airport Freezone Authority (DAFZA), said: «At DAFZA, we provide vibrant support to businesses across all sectors operating within the Freezone, including the necessary support system for the e-commerce sector, which is now booming due to the growing popularity of online shopping in Dubai, the UAE, the entire region, and the rest of the world. This also complements the Dubai Plan 2021 to become a leading smart city and to diversify the economy. We will continuously work to contribute to the local sector's strength to ensure that it keeps pace with the ever-evolving international developments and trends."
Despite the willingness of GCC residents to fully embrace e-commerce, 34 percent of survey respondents claimed that a lack of confidence in payment security deters them from shopping online. 29 percent of UAE respondents still feel that offline shopping is more secure, with only 31 percent considering online shopping equally as safe.
Commenting on payment security in the region, Eric Claudel, Senior Vice President Banking & Payment Solutions for the CISMEA region at Gemalto, the world leader in digital technology, said: "The current and projected growth of e-commerce in the region has facilitated and encouraged accelerated development of digital payment experiences. The demand for optimized payments experience – in terms of speed, convenience and multi-channel accessibility but most importantly in terms of security – is growing at a fast pace.
The key to ensuring customer satisfaction is delivering a seamless experience through secure, frictionless and innovative payment solutions."
Joseph Ridley, General Manager of Seamless Middle East at Terrapinn, said: "E-commerce is a hot topic globally and key players in the industry are showing increased interest in the Middle East – the Souq.com acquisition by Amazon is a prime example. Seamless Middle East provides a platform for e-commerce, payments and retail industry professionals to explore the potential of the market through knowledge sharing, as well as showcasing new products and technologies to key stakeholders within the region."
Seamless Middle East builds on 18 years of experience and will return on May 1-2, 2017 at the Dubai International Convention and Exhibition Centre.
The conference, to be held under the patronage of Lt. Gen. Sheikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, is the largest in the Middle East, bringing together 10,000 attendees as well as 350 exhibitors from the world's leading technology and solution providers from across the payments, e-commerce and retail industries. —SG


Clic here to read the story from its source.