Latest news with #RemoGiovanniAbbondandolo
Gulf Business
03-07-2025
- Business
- Gulf Business
UAE sees 25% rise in digital transactions during Dubai's summer shopping festival: Checkout.com
Image: Supplied As Dubai gears up for its annual According to the payment solutions provider, daily digital transactions in the UAE rose by 25 per cent year-on-year during DSS 2024. Consumers also spent more per transaction, with average ticket sizes increasing by 16 per cent. own UAE processing volumes surged 44 per cent year-on-year, reflecting greater consumer trust in digital payments and a shift toward online-first retail behaviour during key seasonal campaigns. Deals A deeper look at the transaction data shows significant changes in consumer buying patterns. Categories such as interior furnishings, recreation, and education saw marked increases, as residents took advantage of DSS deals to renovate homes, invest in local family activities, and prepare for the academic year. Toys and sporting goods also spiked as parents sought ways to keep children engaged over the summer. The automotive sector benefited from summer-specific promotions, driving up digital activity for vehicle purchases and services. These findings 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 the year ahead. Furthermore, 44 per cent of shoppers said they now browse in physical stores while comparing options online. Read more: '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 UAE continues to lead the region in digital commerce adoption, the summer season is emerging as a critical engagement window for merchants aiming to reach a digitally savvy, convenience-driven consumer base.
TECHx
02-07-2025
- 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.
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.
Web Release
02-07-2025
- 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.
