If you are selling, or considering selling, on Amazon UAE then one of your concerns will be how to repatriate your disbursals without paying over the odds on currency exchange. PingPong Payments can assist you with this.
PingPong Payments added payments processing and currency exchange service for the UAE currency, the Arab Emirates dollar (AED), breaking open access to the fast-growing Middle East and North Africa (MENA) market in May this year. AED is the latest currency to be added to PingPong Payments’ global payments solutions, which now offers merchants and online sellers over Amazon and other platforms the most currency conversion service options and widest international market access for payments transactions.
The Middle East and North Africa (MENA) region is on the verge of a pivotal shift, with e-commerce emerging as a significant growth market – forecast to increase 350 percent, to reach a massive $28.5 billion by 2022. The UAE is the MENA region’s fastest growing country, with high levels of income, high smartphone and internet adoption and a favorable regulatory landscape, allowing international commerce to flourish and positioning it as a platform for accessing the broader MENA market.
“Our opening up the UAE market to fast, easy and low rate AED currency conversions gives merchants and e-commerce sellers access to a significant new revenue channel to sell their goods and services across one of the world’s fastest growing regions – countries across the Middle East and North Africa. We are proud to be the first global payments provider to offer AED exchange services, opening up a thriving new market for our customers to both send and receive money, and increase sales.”
– Kenny Tsang, Managing Director, PingPong Payments
In addition to cross-border payments processing and currency exchange services, PingPong Payments supports ecommerce seller growth and expansion into overseas markets like MENA with local country compliance and tax and customs registration and payment, supplier validation and payment, and market intelligence, marketing and sales support services.