COD Network: Driving the GCC E-commerce Revolution with Pioneering Digital Payment Solutions

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COD Network Journal

3 min readApr 17, 2024

The GCC e-commerce landscape is evolving rapidly, and COD Network is leading the charge. As a trailblazer in the GCC e-commerce arena, COD Network offers end-to-end cash on delivery (COD) solutions and is now paving the way in digital payment methods integration. The company provides a comprehensive range of services, including sourcing, warehousing, fulfillment, shipping, customer support, and cash remittance. By partnering with COD Network, clients can sell their products through a seamless process managed by the company.

Leading the Digital Payment Revolution in the GCC

COD Network recognizes the growing importance of digital payments in the region. As a pioneer in integrating digital payment methods, the company enables businesses to cater to evolving customer needs and stay ahead of the competition. By merging COD with digital payment options, COD Network ensures a seamless shopping experience for customers while providing businesses with an edge in the e-commerce landscape.

The digital payments industry in Saudi Arabia has been experiencing significant growth, aligning with global trends towards a cashless economy. By 2025, the industry is expected to reach around 11.95 trillion U.S. dollars. This growth is driven by a strategic shift from traditional cash transactions to digital platforms, as observed in recent years.

As of June 2019, non-cash payments accounted for 36% of all transactions, which was well above the projected target of 25% set by the Saudi Arabian Monetary Authority (SAMA) and Saudi Payments. This increase is a testament to the country’s efforts to promote digital transactions.

In terms of e-commerce, the volume reached 38.1 million transactions in 2019, showcasing a robust growth in online retail activity. The volume of card transactions in the same year was 1,623.0 million, with a value of 287.0 billion SAR, indicating an increasing preference for card payments.

Debit cards are the preferred payment method for online transactions, accounting for 64% of all online payments. Credit card usage remains relatively low, largely due to religious considerations affecting the financial choices of consumers.

Contactless payments have also seen a notable increase, with 106 million contactless digital transactions and 812 million contactless physical transactions recorded in 2019. This reflects the consumer’s growing comfort with and preference for contactless payment methods over traditional ones.

These statistics highlight the rapid adoption of digital payment methods in Saudi Arabia, suggesting a promising future for the digital payments market in the region. For the most current and comprehensive data, consulting official reports or financial institutions specializing in Saudi Arabia market analysis is recommended.

Merchant Benefits: A Winning Strategy

By adopting COD Network’s hybrid approach of cash on delivery and digital payment methods, merchants can enjoy numerous advantages:

Increased delivery rates, leading to more confirmed orders and higher revenue.
Reduced return rates and unresolved orders, improving customer satisfaction and loyalty.
Enhanced cash flow and business sustainability, laying a solid foundation for future growth.
Access to a wider customer base by accommodating diverse payment preferences.

In the ever-evolving e-commerce landscape, businesses must embrace innovative solutions. Partner with COD Network today to experience the benefits of offering cash on delivery and digital payment methods to your customers. Contact us now to learn more about our offerings and revolutionize your e-commerce business.

COD Network: Driving the GCC E-commerce Revolution with Pioneering Digital Payment Solutions

Leading the Digital Payment Revolution in the GCC

Merchant Benefits: A Winning Strategy

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Written by COD Network