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ME e-commerce transactions to grow over 15pc
February 8, 2010
E-commerce transactions in the Middle East are expected to grow beyond 15 per cent in 2010, driven by infrastructural development, strong government focus on online services, and rapidly growing internet penetration.
The region posted the world's highest internet usage growth for the 2000-2009 period at 1,648.2 per cent and is home to more than 60 million internet users and over 80 million mobile phone users, making it a huge market for online and mobile commercial transactions.
However, Saudi-based online payments solutions provider OneCard notes that several issues have to be addressed to maximize the potential of electronic commerce and payments, such as the lack of region-wide laws covering the sector and growing security threats as a result of the Middle East's expanding internet population.
Original Posting At: TradeArabia
The region posted the world's highest internet usage growth for the 2000-2009 period at 1,648.2 per cent and is home to more than 60 million internet users and over 80 million mobile phone users, making it a huge market for online and mobile commercial transactions.
However, Saudi-based online payments solutions provider OneCard notes that several issues have to be addressed to maximize the potential of electronic commerce and payments, such as the lack of region-wide laws covering the sector and growing security threats as a result of the Middle East's expanding internet population.
Original Posting At: TradeArabia
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