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TECHx
2 days ago
- Business
- TECHx
UAE Sees Surge in Digital Spending During DSS 2024
Home » Smart Sectors » Retail » UAE Sees Surge in Digital Spending During DSS 2024 As the UAE prepares for Dubai Summer Surprises (DSS) 2025, new data has revealed significant growth in digital spending during last year's campaign. reported that daily digital transactions in the UAE rose by 25% year-on-year during DSS 2024. Additionally, the average transaction size increased by 16%, highlighting a rise in consumer confidence and spending. also announced a 44% growth in its processing volumes during the same period, indicating strong momentum toward online-first shopping behavior in the UAE. The report revealed deeper shifts in consumer habits: Spending on home furnishings increased, showing a trend of home upgrades during summer. Recreation categories saw a rise, with families opting for local activities during school holidays. Purchases in toys, sporting goods, and education supplies also climbed. Furthermore, the automotive sector experienced a seasonal boost, driven by vehicle promotions and related services. These findings align with State of Digital Commerce in MENA 2025 report, which stated that 62% of UAE consumers plan to shop more online next year. Additionally, 44% of shoppers now explore better deals online even while browsing in physical stores. Remo Giovanni Abbondandolo, General Manager for MENA at noted that DSS continues to drive digital commerce in the region. He added that UAE consumers are increasingly using digital platforms for both daily needs and big-ticket purchases. With growing trust in digital payments and rising ecommerce adoption, experts expect DSS 2025 to surpass previous records. The UAE is positioning itself as a regional leader in digital shopping, particularly during seasonal campaigns.
Web Release
2 days ago
- Business
- Web Release
UAE Spending Surge Anticipated Heading into Dubai Summer Surprises 2025
As the UAE gears up for another season of Dubai Summer Surprises (DSS), new data from reveals a sharp increase in digital spending during last year's campaign, with signals pointing to even greater momentum this summer. The number of daily digital transactions in the UAE jumped by 25% year-on-year during the DSS 2024 period, while consumers also spent more per transaction, with average ticket sizes growing by 16% year-on-year. own processing volumes in the UAE rose by 44% during last year's DSS, reflecting a broader shift toward online-first lifestyles and growing consumer trust in digital payments across high-intent seasonal moments. A closer look at the data uncovers deeper consumer behaviour shifts. Spending on interior furnishings rose notably last year, suggesting that many residents used the summer period and DSS sales as an opportunity to upgrade their homes. Recreation-related categories also spiked, indicating an increase in families opting for local leisure experiences during the school break. The toys and sporting goods sector saw heightened activity as parents looked to keep children engaged through the hotter months, while education spending climbed as families paid school tuition and stocked up for the academic year ahead. Notably, the automotive category also saw a summer boost, driven by seasonal promotions on vehicles and related services. These insights are consistent with latest State of Digital Commerce in MENA 2025 report, which found 62% of UAE consumers plan to increase their online shopping next year, and 44% now say that they shop for better options online even while browsing in-store. 'Dubai Summer Surprises continues to act as a key catalyst for digital commerce in the region,' said Remo Giovanni Abbondandolo, General Manager for MENA at 'From household upgrades to family recreation and back-to-school prep, the data shows UAE consumers turning to digital channels to meet both everyday needs and high-value purchases. With the growth we've seen year over year, we expect 2025 to break even more records.' As the region continues to lead in digital commerce adoption, the summer months are proving to be peak moments for merchants to connect with digitally savvy consumers driven by speed, convenience, and seamless online experiences.
Web Release
18-06-2025
- Business
- Web Release
From Days to Minutes: Stake Transforms Payout Experience with Checkout.com Pay to Card Integration
Stake, one of the leading digital and global real estate investment platforms, has launched Pay to Card, a breakthrough withdrawal feature powered by global digital payments company, The new solution enables investors to receive their dividends and returns directly to their bank cards, often in just minutes, marking a major step forward in delivering faster, frictionless investing experiences. The rollout follows a successful pilot phase in May, during which more than 200 investors used the feature. Some users reported receiving payouts in under 10 minutes, a significant improvement over traditional multi-day withdrawal cycles. 'Speed and trust are core to everything we do at Stake. With Pay to Card, we're eliminating unnecessary delays and putting returns in our investors' hands almost instantly,' said Ricardo Brizido, CPTO and Co-Founder of Stake. '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 launch comes at a time when the MENA region is seeing unprecedented acceleration in digital finance adoption. According to latest report, 'The State of Digital Commerce in MENA 2025', Account Funding Transactions (AFTs), a core enabler of Pay to Card have surged 388% year-on-year in the UAE, highlighting rising demand for real-time payout infrastructure. also recorded a 176% increase in Total Processing Volume (TPV) in the UAE from 2023 to 2024, while daily online shopping has jumped 320% since 2020. As of June 2025, Stake surpassed AED 1 billion in property transactions since its launch in 2021, with the company's mission to democratise access to real estate investment across high-growth markets. 'Stake has always been ahead of the curve in delivering customer-first financial experiences,' said Remo Giovanni Abbondandolo, General Manager for MENA at 'Together, we're meeting the expectations of a region that's no longer just digital-first, but real-time-first. Pay to Card is a perfect example of infrastructure innovation solving real user needs.' Pay to Card is now live for all Stake investors across the United Arab Emirates, the Kingdom of Saudi Arabia and the United Kingdom, bringing faster, simpler access to returns while reinforcing the platform's commitment to innovation and transparency.
TECHx
17-06-2025
- Business
- TECHx
Stake Rolls Out Pay to Card with Checkout.com
Home » Emerging technologies » Fintech » Stake Rolls Out Pay to Card with Stake, a global real estate investment platform, has launched Pay to Card, a breakthrough withdrawal feature powered by global payments company The new solution enables investors to receive their dividends and returns directly to their bank cards, often in just minutes. Stake revealed the rollout after a successful pilot phase in May. During the pilot, more than 200 investors used the feature. Some users reported receiving payouts in under 10 minutes, a significant improvement over traditional multi-day withdrawal cycles. 'Speed and trust are core to everything we do at Stake. With Pay to Card, we're eliminating unnecessary delays and putting returns in our investors' hands almost instantly,' said Ricardo Brizido, CPTO and Co-Founder of Stake. '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 launch comes at a time when the MENA region is seeing unprecedented acceleration in digital finance adoption. According to latest report, 'The State of Digital Commerce in MENA 2025', Account Funding Transactions (AFTs), a core enabler of Pay to Card, have surged 388% year-on-year in the UAE. The report also revealed a 176% increase in total processing volume in the UAE from 2023 to 2024, while daily online shopping jumped 320% since 2020. As of June 2025, Stake surpassed AED 1 billion in property transactions since its launch in 2021. The company's mission is to democratize access to real estate investment across high-growth markets. 'Stake has always been ahead of the curve in delivering customer-first financial experiences,' said Remo Giovanni Abbondandolo, General Manager for MENA at 'Together, we're meeting the expectations of a region that's no longer just digital-first, but real-time-first. Pay to Card is a perfect example of infrastructure innovation solving real user needs.' Pay to Card is now live for all Stake investors across the UAE, Saudi Arabia, and the UK, bringing faster, simpler access to returns while reinforcing the platform's commitment to innovation and transparency.
Fintech News ME
17-06-2025
- Business
- Fintech News ME
Stake Introduces Real-Time Card Withdrawals via Checkout.com
Dubai-based property investment platform Stake has launched a new withdrawal feature, Pay to Card, in partnership with global payments company The service enables investors to receive their dividends and returns directly to their bank cards, often within minutes. The launch follows a pilot phase in May involving over 200 investors. Several users reported receiving funds in under ten minutes, in contrast to the typical multi-day withdrawal process. 'Speed and trust are core to everything we do at Stake. With Pay to Card, we're eliminating unnecessary delays and putting returns in our investors' hands almost instantly,' said Ricardo Brizido, CPTO and Co-Founder of Stake. '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 rollout coincides with growing digital finance adoption across the MENA region. recent report, The State of Digital Commerce in MENA 2025, notes that Account Funding Transactions (AFTs), which enable services like Pay to Card, have risen 388% year-on-year in the UAE. The report also found a 176% increase in total processing volume in the country from 2023 to 2024, and a 320% increase in daily online shopping activity since 2020. As of June 2025, Stake has facilitated over AED 1 billion in property transactions since its inception in 2021, with the company focused on expanding access to real estate investment across key markets. 'Stake has always been ahead of the curve in delivering customer-first financial experiences,' said Remo Giovanni Abbondandolo, General Manager for MENA at 'Together, we're meeting the expectations of a region that's no longer just digital-first, but real-time-first. Pay to Card is a perfect example of infrastructure innovation solving real user needs.' Pay to Card is now available to Stake investors in the UAE, Saudi Arabia, and the UK.
