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COINTURK FINANCE > Business > UK and UAE Merchants Push for One-Click Checkout to Boost Sales
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UK and UAE Merchants Push for One-Click Checkout to Boost Sales

Overview

  • Many UK and UAE merchants seek one-click checkout to improve conversion rates.

  • Stored payment credentials reduce errors and enhance transaction efficiency online.

  • Security measures like tokenization and biometrics help lower fraud risks.

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COINTURK FINANCE 5 months ago
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Online merchants across different markets continue to focus on improving checkout experiences to increase conversion rates. A seamless and efficient transaction process plays a critical role in retaining customers and reducing cart abandonment. Many businesses are now exploring digital payment technologies to bridge the gap between online and in-store transactions. Recent findings highlight that a large number of merchants in the United Kingdom (UK) and the United Arab Emirates (UAE) are seeking solutions like one-click checkout to streamline payments and enhance security.

Contents
Why Are Merchants Seeking One-Click Checkout?How Does One-Click Checkout Improve Transactions?

Past reports on eCommerce trends have consistently pointed to friction in online payment experiences as a key challenge for merchants. Previous discussions around checkout optimization have often emphasized the importance of speed and convenience in digital transactions. While earlier reports focused on broader digital payment strategies, the latest research specifically underscores a growing demand for one-click checkout methods. This shift suggests increasing awareness among merchants about the benefits of reducing manual input during payments to improve overall sales performance.

Why Are Merchants Seeking One-Click Checkout?

Businesses operating in digital commerce recognize that conversion rates depend on the speed and ease of the checkout process. According to Mastercard (NYSE:MA) research, many merchants in the UAE prioritize seamless payments to ensure customers complete their purchases.

“Conversions come from a checkout experience that is high on speed and that is convenient for the customer,”

said Prakriti Singh, Senior Vice President of Network and Digital Payments at Mastercard. Studies indicate that customers are more likely to abandon transactions if they encounter complex payment requirements.

How Does One-Click Checkout Improve Transactions?

One-click checkout simplifies the payment experience by securely storing customer payment credentials, reducing the need for repeated data entry. This method helps prevent errors in manually inputted card details, which can lead to transaction failures.

“People want to pay online just as easily as they pay in the shops when they only need to tap their cards and the transaction’s gone through,”

said Agnes Woolrich, Senior Vice President of Customer Solutions Center at Mastercard. In markets like the UAE, the difference in success rates between online and in-store payments can exceed 20%, making streamlined digital transactions even more important.

Security remains a critical concern for both merchants and consumers, as fraud risks persist in online transactions. Tokenization, which replaces sensitive card details with secure digital identifiers, has been shown to reduce fraud rates in digital payments. In the Gulf region, tokenized transactions have fraud rates approximately 2% to 3% lower than non-tokenized transactions. The integration of biometric authentication alongside tokenization further strengthens payment security while maintaining user convenience.

Merchant demand for one-click checkout is evident, with studies revealing that 60% of UK merchants and nearly half of UAE merchants are requesting these solutions. However, many businesses remain unaware of the technology’s benefits. Payment service providers (PSPs) need to expand their outreach efforts to educate merchants about how integrating one-click options can improve their sales performance.

“Merchants, especially those that are not global in nature, … will look towards their PSPs to provide them with payment technologies,”

Singh noted, emphasizing the role of PSPs in facilitating these advancements.

Mastercard and other payment networks are working to simplify the adoption of one-click checkout technology by offering white-label platform services to PSPs. These solutions provide a single access point for advanced payment tools, reducing implementation complexities for merchants.

“All merchants we speak to big or small want an easy integration,”

Woolrich stated, highlighting the importance of effortless technological adoption. Businesses that prioritize streamlined payment experiences may see conversion rates improve by up to 35%, reinforcing the impact of optimized checkout processes.

As the demand for frictionless online payments continues to rise, merchants are increasingly looking for payment solutions that balance security and convenience. Studies show that reducing the number of steps in the checkout process can significantly lower cart abandonment rates. One-click checkout, supported by technologies like tokenization and biometric authentication, presents a viable option for businesses aiming to improve conversion rates. Payment providers must ensure that merchants understand the potential benefits of adopting such solutions, as industry trends indicate a shift toward faster, more secure online transactions.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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