Algeria Records 204 New COVID-19 Cases    Prime Minister of Pakistan Leaves Jeddah    year old Taboot Mosque Reopens for Worshippers after Renovation    Morocco Records 236 New COVID-19 Cases    Crown Prince a matchless leader par excellence    200,000 Zamzam water bottles, 37,500 liters provided to worshipers on 27th Night of Ramadan    Al-Falih: Saudi-Pakistani SCC opens wider horizons for economic growth    LuLu launches big Eid deals    Saudi Falcons Club celebrates World Migratory Bird Day    First shipment of Saudi oil derivatives grant arrives at Aden Port    Yemen values and praises Saudi Arabia's continuous support    Civil Defense in Jazan dismantles mine washed away by flooding from Yemen    New COVID-19 cases in Saudi Arabia stay below 1,000; recoveries steady    'I am alive, but I feel like I am dead': A migrant grieves the drowning of 3 children    Kingdom of Saudi Arabia to Hold Hajj for This Year 1442AH    Supreme Court Calls on Muslims to Sight Shawwal Crescent on Tuesday    India's COVID-19 Cases Rise by over 400,000 Despite State Lockdowns    Kuwaiti Foreign Minister Meets with Mauritania's Prime Minister    Al-Falih: Saudi-Pakistani Supreme Coordination Council Opens Wider Horizons for Economic Growth    Legendary Egyptian singer Hafez to perform in Dubai in an exclusive hologram event    Commercial firms must replace '9200' with toll-free '800', beginning with car agencies    537 activities by authors and creatives from 15 nations to edutain young readers in SCRF    Saudi Arabia to receive foreign tourists from May 17    United World, ITC Sign Three-year Partnership to Launch Sports for Development    Legendary Egyptian Singer Abdel Halim Hafez to perform in Dubai in exclusive hologram event    KAUST researcher using stem cells in treatment of blood diseases    Citizen Account Wins UN WSIS Prize for E-Government Track    Over 7500 Speakers Transmit Sound to Worshippers at the Grand Mosque with Complete Clarity    From whom do we take Shariah? How do we get legitimacy?    Sheikh Salman: Saudi Football Association is distinguished and professional    Sheikh Salman Al Khalifa: Saudi Football Association is distinguished and professional    Asian Handball Championships' Draw to Take Place in Jeddah on Saturday    Saudi Rower Hussain Alireza sets for 2021 Tokyo Olympics qualifiers    Saudi Arabia's Al-Nassr beats Qatari Al Sadd in AFC Champions League    President of Union of Arab Football Associations Meets with Heads of FIFA, AFC and CAF    Saudi Arabia drawn to 3rd Group in FIFA Arab Cup Qatar 2021    Australian cricketers wear full PPE on flight to Delhi Aussie PM tells IPL stars to make 'own arrangements' to return home    Business Lady Led Saudi World Competitiveness Edge, in Banana Planting    Al-Khawada Constitutes One of Khulays Governorate Traditional Dishes    Indian Community in Rafha Recalls Ramadan Habits    Jazan Customs During Ramadan: Traditions and heritage    Welcome to beautiful Ramadan customs    Vaccination does not invalidate fasting, says UAE Fatwa Council    It is high time to correct wrong concepts about women's status    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    







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





77% of KSA consumers shopping more online since start of pandemic: Study
Published in The Saudi Gazette on 24 - 11 - 2020

As the global COVID-19 pandemic continues to spur e-commerce, a Mastercard study has revealed the rapid growth of online shopping, with nearly three out of four Saudi consumers shopping more online than they did before the pandemic.
The study provides significant insights into how shoppers are rapidly moving away from cash and opting for contact-free and digital payment experiences. These insights are helping e-retailers and businesses in Saudi and across the region, to leverage the shift towards online shopping and to deliver fast, convenient and secure transactions.
Surge in Spending Across Sectors
According to the survey, groceries, healthcare, apparel and banking have seen the highest surge of online activity.
More than 68% of Saudi consumers said they had shopped online for groceries, 73% for clothing, and over 65% of respondents said they had purchased medicine online. And, as e-commerce increasingly becomes a part of everyday life, consumers are moving other aspects of their financial management to digital, with 64% of respondents having started banking online.
The research also reveals the rising impact of social media on consumer spending habits, with 58% and 61% of respondents saying they had discovered new sellers through Facebook and Instagram respectively.
Mastercard has been working with businesses, financial institutions and other stakeholders to advance digital payments in the Kingdom, and the pandemic has reinforced the necessity to continue evolving the safe and secure consumer payment experience.
From a simplified online checkout experience to an in-store tap on a contactless terminal, it is evident that being able to respond to the rapidly evolving consumer expectations is a critical priority.
"The Kingdom of Saudi Arabia enjoys one the highest Internet penetration and mobile usage numbers in the region with an estimated growth to 96% by 2023. The Saudi government in turn continues to take several measures to simplify digital payments and enable affordable e-commerce.
"With security remaining integral to the shift towards a cashless culture, Mastercard is working with local businesses to take advantage of these long-term trends, and build e-commerce experiences that offer speed, security and simplicity for a new generation of Saudi shoppers," said J.K. Khalil, country manager, Saudi Arabia and Bahrain & Levant Mastercard.
The Rise of Virtual Experiences
While adapting to the ‘next normal', people have been changing the way they consume entertainment and learn new skills.
In fact, 79% of KSA consumers said they were using the downtime as a positive learning experience. More than half of the respondents (64%) said they had taken a virtual cooking class, 47% have been mastering a new language and 26% have been learning to dance online.
45% of respondents have been educating themselves on Do-It-Yourself (DIY) projects, and just over a third (37%) said they have been learning how to film online.
As people spend more time at home, the demand for online entertainment has also surged with 73% of respondents having invested in entertainment subscriptions and 62% in online gaming.
Securing New Shopping Habits
With the rapid rise in online shopping, consumers are also becoming increasingly aware of the associated risks. More than half of consumers (54%) surveyed said that a secure checkout was fundamental for a good shopping experience.
This is a key priority for Mastercard, as it is working to reduce online fraud and protect retailers from data breaches, while ensuring that consumers still enjoy a convenient and hassle-free payment experience.
To advance these efforts, Mastercard recently rolled out its patented tokenization technology across the region. Tokenization encrypts consumer data by replacing card numbers with digital tokens. This prevents improper usage at any other location and provides additional security and peace of mind for consumers and merchants alike, resulting in higher approval rates while minimizing online fraud. — SG


Clic here to read the story from its source.