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Arabian Business
02-07-2025
- Business
- Arabian Business
Dubai Summer Surprises drives 25 per cent surge in UAE digital spending
Digital commerce in the UAE saw a significant boost during Dubai Summer Surprises (DSS) 2024, with new data from revealing a 25 per cent year-on-year increase in daily digital transactions and a 16 per cent rise in average transaction values. The momentum shows no signs of slowing, with expectations high for record-breaking growth during DSS 2025. own UAE processing volumes soared 44 per cent during DSS 2024, highlighting the growing trust in digital payments during high-spend seasons and the shift to online-first lifestyles. What UAE shoppers spent on during Dubai Summer Surprises 2024 Interior furnishings: Big rise in home upgrades Leisure and recreation: Increased family activities during school holidays Toys and sporting goods: Parents spent more to keep kids active indoors Education: Spikes in school tuition and back-to-school shopping Automotive: Summer promotions drove higher car-related spending These patterns align with State of Digital Commerce in MENA 2025 report, which found that: 62 per cent of UAE consumers plan to increase their online shopping in 2025 44 per cent browse in-store but buy online for better deals Remo Giovanni Abbondandolo, General Manager for MENA at said: 'Dubai Summer Surprises continues to act as a key catalyst for digital commerce in the region. 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.' The findings reinforce DSS as a vital seasonal trigger for UAE retailers, especially as consumer behaviour shifts toward fast, seamless, and trusted digital experiences.
Zawya
02-07-2025
- Business
- Zawya
UAE spending surge anticipated heading into Dubai Summer Surprises 2025
Dubai, UAE – 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. About processes payments for thousands of companies that shape the digital economy. Our global digital payments network supports over 145 currencies and delivers high-performance payment solutions across the world, processing billions of transactions annually. We help enterprise merchants boost acceptance rates, reduce processing costs, combat fraud, and turn payments into a major revenue driver. Headquartered in London and with 19 offices worldwide, is trusted by leading brands such as Alshaya Group, Botim, eBay, Dyson, Hunger Station, Instashop, Qlub, Majid Al Futtaim, Netflix, SHEIN, Sony and Tamara.
FF News
18-06-2025
- Business
- FF News
Sunbit Sees 6% Lift in Acceptance Rates With Checkout.com's AI-Powered Payments Technology
Sunbit has reported a 6% increase in customer approval rates after integrating AI-powered payment acceptance technology. This improvement highlights how artificial intelligence is revolutionizing the fintech landscape, especially in enhancing real-time decision-making and customer experience. Sunbit, which is already processing nearly $2B in loans per year at a 30% YoY rate of growth, needed to more effectively support future scale by partnering with to optimize its payment processing. Through its relationship with Sunbit noticed a 6% increase in payment acceptance rates and lowered the cost. This collaboration demonstrates the growing demand for AI-powered payment acceptance in retail, where speed and precision can influence conversion rates. Bill Walsh, Sunbit's Chief Customer Officer, said, 'At Sunbit, we believe in getting to 'yes.' Our tech solution has reached millions of people with financing choices that deliver transparency, great terms, and competitive value that merchants and customers love. In order to deliver this value, we need partners that can help us drive savings and optimization throughout the entire payment lifecycle. smart technology gave our team an easy and early reason to engage, but their collaborative and consultative approach to maximizing value is what led us to expand the relationship.' 'Sunbit technology is transforming how consumers access financing by building solutions that are efficient, inclusive, and built for scale. At we're proud to provide the payments performance and intelligence that underpin this experience,' said Antoine Nougué, Chief Revenue Officer at 'By leveraging our Intelligent Acceptance technology and deep acquiring capabilities, Sunbit has increased efficiency while lowering costs, demonstrating the power of aligning technology, expertise, and shared ambition to deliver better outcomes for merchants and their customers' One of the fastest growing financial technology companies in the country, Sunbit has built the leading pay over time technology in auto dealership services and healthcare markets including dental, as well as a no-fee co-branded card solution designed for retailers, and embedded its technology in leading SaaS, CRM and market platforms. Sunbit technology leverages Intelligent Acceptance — a product allowing analysis of transaction data across the network, turning these insights into real-time operational optimizations to improve payment acceptance rates. Combined with Real-Time Account Updater, which automatically updates a customer's card details when they change, and Network Tokenization, this has increased transaction-level acceptance rates while reducing processing costs. Sunbit's engineering and product teams worked closely with payment experts, who continuously monitor payment performance to fine-tune processes and identify opportunities for improvement. This led to Sunbit qualifying for a favorable interchange fee program. The strengthened partnership comes as deepens its investment in North America, having recently expanded operations in San Francisco to support rapid growth in the region. The company reported over 80% growth in the US in 2024 and continues to scale its team and capabilities to meet growing demand from enterprise merchants like Sunbit. For more information on Sunbit, visit:
Bloomberg
11-06-2025
- Business
- Bloomberg
Britain Counts the Mounting Cost of Taxing Wealthy ‘Non-Doms'
As the pace of wealthy individuals leaving London quickens, the numbers are starting to stack up: Labour's flagship 'tax the rich' policy risks becoming a net drain on the UK economy. Barely a day passes by without a big investor or entrepreneur exiting after the government abolished a two-century-old tax break for non-domiciled residents — well-heeled residents hailing from overseas. Billionaire founder Guillaume Pousaz and Nassef Sawiris, Egypt's richest man, are among those fleeing to European and Middle Eastern financial centers with promises of a lighter tax load, as what began as a trickle of exits quickly turns into an exodus.
Finextra
28-05-2025
- Business
- Finextra
Checkout.com billionaire founder quits London for Monaco
The billionaire CEO of payments processor Guillaume Pousaz has switched his country of residence from the UK to tax haven Monaco. 0 Switzerland-born Pousaz, who founded in 2012 and is now worth an estimated $6 billion, is making the move just a year after arriving in London from Dubai, according to the Telegraph. There is no indication that the company's London headquarters are affected by its boss's move. The switch sees Pousaz avoid changes to the UK's non-dom regime and increased taxes on capital gains, which were introduced by Chancellor of the Exchequer Rachael Reeves as part of last year's Budget. He is not the first of the super-rich elite to abandon the UK since the changes: Goldman Sachs' vice chairman in Europe, Richard Gnodde, quit London for Milan earlier this year, while steel giant Lakshmi Mittal is also rumoured to be leaving. provides merchants with a single platform combining payments, fraud monitoring and analytics. It counts big names such as Alibaba, Ikea, Remitly and Wise among its clients. In 2022, the firm hit a $40 billion valuation on the back of a whopping $1 billion Series D funding round. The firm subsequently saw its valuation fall during the post-pandemic period but is targeting full-year profitability in 2025 after a strong finish to 2024 that saw 45% year-on-year net revenue growth in its core business.
