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MENA Among World’s Fastest-Growing Digital Economies

The region is leading fintech adoption worldwide, with eCommerce, AI tools, and real-time payments reshaping the wider digital economy.

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mena among world's fastest-growing digital economies checkout finds

The Middle East and North Africa have emerged as one of the world’s most forward-moving digital economies, according to Checkout.com’s fifth annual State of Digital Commerce in MENA 2025 report. The study highlights how bold moves by central banks, regulators, and fintech innovators — combined with a digitally native population — are accelerating the region’s shift to a tech-driven economy.

Over the past five years, daily online transactions across MENA have surged by 139%, while Checkout.com’s own processing volumes have climbed 626%, including a 78% year-on-year increase. Food delivery now dominates as the leading eCommerce category, capturing 47% of online spending, followed by clothing and fashion (38%) and a tie between electronics and beauty products (34%).

frequency of online shopping in mena 2025

MENA consumers are also reshaping financial habits. In the UAE alone, the use of Account Funding Transactions (AFTs) — which enable real-time digital payouts — has grown 388% in the past year. This shift is extending digital commerce well beyond shopping into areas like salary payments, gig economy wages, and peer-to-peer transfers. Meanwhile, the once-dominant cash-on-delivery model has dropped by 60% since 2020.

Fintech and AI continue to be key pillars of the region’s evolution. A reported 62% of users now engage with fintech platforms for investments and wealth management, while 43% send money weekly via digital wallets or apps. AI-driven shopping is already widely adopted, with 45% of consumers having used generative chatbots and 53% using visual search tools to support online purchases.

Also Read: A Guide To Digital Payment Methods In The Middle East

However, this increased digital maturity comes with new risks: Reports of online fraud have increased sharply — from 33% in 2023 to 49% in 2024 — driven in part by scams involving AI and deepfakes. Checkout.com highlights the growing need for intelligent fraud prevention, pointing to tools such as machine learning, behavioral biometrics, and anomaly detection as critical to maintaining security without compromising performance.

“In this increasingly competitive landscape, payment performance has become a critical differentiator,” said Remo Giovanni Abbondandolo, General Manager, MENA at Checkout.com. “Fast, secure, and intelligent payments are foundational to commercial success — not just at the point of transaction, but across the entire customer experience”.

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Stake Powers Instant Payouts With Checkout.com Pay To Card

The new feature lets investors in the UAE, KSA, and UK receive real estate returns in minutes — cutting withdrawal times to under 10 minutes.

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stake powers instant payouts with checkout.com pay to card

Stake, a leading digital real estate investment platform, has unveiled Pay to Card, a next-generation withdrawal feature built on Checkout.com’s global payment infrastructure. The integration enables investors to have dividends and returns credited directly to their bank cards — often within minutes — dramatically reducing the traditional multi-day payout process.

After a successful pilot in May involving over 200 users, some investors reported receiving their funds in under 10 minutes. Ricardo Brizido, CPTO and Co-Founder of Stake, emphasized the importance of speed and reliability: “With Pay to Card, we’re eliminating unnecessary delays and putting returns in our investors’ hands almost instantly. This feature was built to directly solve one of the most common pain points in real estate investing, and it’s already driving strong results”.

The feature launch coincides with rapid growth in real-time finance across the Middle East. Checkout.com’s “State of Digital Commerce in MENA 2025” report highlights a 388% year-on-year surge in Account Funding Transactions (AFTs) in the UAE, reflecting strong demand for immediate payout solutions. The same study recorded a 176% increase in total processing volume from 2023 to 2024 and noted that daily online transactions have jumped 320% since 2020.

Since its 2021 debut, Stake has facilitated over AED 1 billion in property transactions, advancing its mission to democratize real estate investment in high-growth markets. By integrating Pay to Card, Stake reinforces its commitment to customer-centric innovation and operational transparency.

Also Read: Binance Enters Syrian Market As Sanctions Lifted

Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, praised the collaboration: “Stake has always led with customer-first financial experiences. Together, we’re meeting the expectations of a region that is no longer just digital-first, but real-time-first. Pay to Card exemplifies how modern payment infrastructure can directly solve investor pain points”.

Pay to Card is now available to all Stake users in the United Arab Emirates, the Kingdom of Saudi Arabia, and the United Kingdom. By slashing withdrawal times from days to minutes, Stake and Checkout.com are setting a new standard for seamless, on-demand real estate investing.

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