News
The Middle East Is Rapidly Becoming An eSports Hub
Events like the BLAST Premier World Finals in the United Arab Emirates are cementing the region’s reputation as a gamer’s paradise.
eSports champions are gearing up for the Blast Premier World Final, hosted in Abu Dhabi on December 16 and 17. Gaming fans from around the world will gather to experience the action first-hand as “part of a three-year partnership with AD Gaming” that seeks to cement the UAE’s position in the gaming sector and “contribute to the growth of esports in Abu Dhabi”.
BLAST has already created a huge buzz around the eSports scene, and the tournament’s arrival in Abu Dhabi should boost the profile of the entire MENA region. According to a Statista survey, Egypt leads the region with 6.32 million residents who consider themselves gamers. Meanwhile, the UAE will be home to another 1.73 million participants by 2028.
To cater to the growing Middle Eastern fanbase, BLAST.tv will “bring fans closer to the action, serving up maximum excitement for esports lovers with a number of innovative features on offer, helping them watch events live like never from the comfort of their homes”.
Andrew Haworth, Director of Production and Operations at BLAST and Commissioner for BLAST Premier, explained that “esports has the ability to engage with hard-to-reach, tech-savvy, and young audiences, which separates it from other industries”.
Also Read: Top 10 Best Video Games Set In The Middle East
Unlike other sporting events, eSports has a unique selling point in that the games are live and accessible anywhere. “Through the healthy relationship technology has with esports, it is able to bring fans to the very heart of this viewing experience in an interactive and innovative way,” said Haworth, who is optimistic that the genre could soon become as big as F1 racing.
Recent data seems to agree, as surveys show that overall, people now spend more time watching eSports than they do with Netflix. BLAST aims to make esports a global experience that encapsulates “skill level, player stardom, drama, production quality, and storylines”.
News
NEOPAY Wants To Follow Merchants Across Channels And Borders
A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.
It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.
The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.
For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.
“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.
Also Read: In Kuwait, Your Surgeon Might Be Operating From Another Country
NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.
The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.
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