A payment gateway is a ‘merchant service’ provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, etc.
It also sends you a message from your credit card processor that lets you know a transaction has been authorized.
Ultimately, a payment gateway is the final step of the sales process on an e-commerce website. Without it you won’t be able to securely charge your customers when they purchase items from your website.
If you are operating an eCommerce business, payment gateway is an inevitable facility that need to available in your website. Since convenience to purchase is the biggest advantage of an eCommerce store, payment gateway is mandatory for that. Also, there’s no other way to accept credit cards through the internet without a payment gateway.
The UAE is making rapid strides as the fastest growing e-commerce market in the Middle East and North Africa (MENA). Growth in e-commerce comes as digital becomes the future in the UAE. UAE residents also are among the top 10 globally when it comes to spending time on the internet and social media, averaging seven hours and 54 minutes daily. Their desire for fast and convenient shopping experiences is expected to accelerate the uptake of online shopping in Dubai, UAE. Proactive government policies have been crucial in building a digital culture in the UAE and eliminating many of the barriers to becoming a cashless society. Digital commerce and cashless payments were identified as top government priorities in UAE Vision 2021.
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