The Middle East consists of countries with vastly different rates of internet and banking penetration. From above 90% in Bahrain, Qatar, and UAE to less than 40% in Syria, Yemen, and Iraq, internet and banking penetration levels vary widely.
Altogether, this region contains 146 million internet users, most of whom prefer to pay cash-on-delivery. Some retailers might neglect to include this payment method in their portfolio of payment options due to the high return rate, but to settle efficiently in the region, cash-on-delivery must be offered.
Credit and debit cards, especially Visa and Mastercard, are the second most widespread payment option in the Middle East.
Alternative payment methods also maintain a presence in the region. CashU, PayPal, and bank transfers occupy the largest market shares.