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The UAE dining industry is expected to be worth USD 19.66 billion by 2029 after growing at an 18.56% rate from now onwards. With the country being a magnet for people from different parts of the world, the restaurant landscape here is a highly dynamic and competitive one, thanks to the popularity of different cuisines. So, as a food business owner, you need to do more than dish out great recipes to thrive. You need to improve the overall experience for customers as well. And opting for QR invoices for payments is a crucial part of the same. After all, no guest wants to struggle during the last leg of their time in a restaurant, especially after relishing a tasty meal in a beautiful environment.

So, let’s find out what a QR invoice is all about and the different ways in which it can benefit UAE restaurants.

Decoding the QR Code Technology

While QR codes have been in use since 1994, they assumed a whole new level of importance since the COVID outbreak. This is because the world started to appreciate the importance of contactless payments like never before. So, what is this code really?

It enables you to encode a specific kind of data or information in the form of small printed squares. As a restaurant owner, you will usually store information on a link that allows the guest to open an app or webpage to complete the payment. QR codes are also known as 2D codes, are free from copyright, and can be used easily.

How does the QR code technology work?

• A customer can use their smartphone to scan an invoice QR code in your restaurant. Since it is not a barcode, there is no need for a special device to read the information embedded.
• Post scanning, the customer will be redirected to a portal for payment automatically. It can be an app or webpage that displays the total bill amount. Other details like the date, your business’s name, VAT, etc. can be displayed as well.
• The guest can then make the payment with a few clicks or feed their card information if they wish to.

Now, let’s dive into the benefits of using QR invoices for payments as a restaurant owner in the UAE.

Reasons to Invest in QR Invoices

These are the top advantages of introducing QR invoices in your restaurant:

1. Cost-effective: An online payment gateway provider like PayTabs that supports the use of QR codes allows you to save substantially. This is because you don’t need a dedicated terminal for payment with these codes. Your guest’s smartphone can do the trick well enough.
2. Fast and easy checkout: There was a time when guests had to wait quite a while for servers to bring them the bill. With invoice QR codes, there is no need to do so anymore. Your customers can scan the code and make the payment in a jiffy, save time, and leave right after they are done with the meal. Your tables will become available for the next guests easily.
3. Increased staff productivity: Since your waiters can do away with the task of handing over bills to guests and waiting for them to make the payment, they can focus better on serving the food, catering to gourmet requests, and handling questions related to different dishes. Additionally, they won’t have to worry about returning the exact change, which is common in case of cash payments.
4. Improved cleanliness: The use of QR invoices can eliminate the need for handling cash, paper bills, or receipts. This means lower chances of germs getting transferred from one person to another.
5. Greater guest satisfaction: Guests won’t need to carry cash if you offer QR invoicing at your restaurant. They don’t need to interact with servers either before settling the bill. Plus, the entire process takes a few seconds and there is no need for guests to sit around and waste time especially if they have to quickly head home, get back to the office, or visit a different venue. This boosts their experience at large and satisfaction.
6. More revenue: When customers are satisfied with the payment process (besides the food), they are more likely to keep coming back to your restaurant again and again. They might also end up ordering more than usual or bring in more friends. Happy guests might share glowing reviews on relevant platforms and social media pages as well, which will improve your footfall in turn. In any case, your total revenue will shoot up.

Embrace QR Invoices for Payments to Grow Your Restaurant Business

All in all, to survive and grow in the fast-evolving UAE dining industry, you need to capitalize on QR invoices. A payment gateways provider like PayTabs can make this task easy besides helping you to track the cash inflow and financial health of your business. With QR invoicing, you can enhance your operational efficiency, reduce costs, and strengthen the bottom line effectively. In a world that is increasingly being led by technological innovations, leveraging QR codes can help position your restaurant as eco-friendly and attract future-forward customers too, among all the other benefits explored in this write-up.

Personalization has emerged as a crucial watchword for businesses worldwide, whether it comes to sending customers festive emails or cross-selling products when they are shopping online. And there’s a reason behind it. 62% consumers are likely to stop shopping from a brand if they don’t receive content with a personal touch. As a forward-thinking business in the UAE, you need to appreciate this too, especially if you have a digital presence and are planning to use an online payment gateway to facilitate smooth, secure, and timely transactions. While the right gateway can make the checkout process seamless, make shoppers happy, and increase your sales, if the payment portal looks generic or like any other business, you cannot score brownie points in the personalization department.

Don’t worry though, as a white label payment gateway provider like PayTabs can address this problem efficiently and help you maintain branding till the final stage of the marketing funnel. Let’s delve deeper into this.

Decoding a White Label Payment Gateway

Put simply, a white label gateway is like any standard payment gateway except that it allows you to customize the checkout page with your brand’s image and logo. In other words, you get to process transactions under your official business name. And no, this is not just perfect for big or established brands. Even if you are running a startup or have a small business, you need PayTabs’ white label payment platform to nurture a strong relationship with customers and build your brand over time.

Now, let’s understand the multiple benefits of using a white label gateway for payments.

• Better Brand Awareness

Shoppers usually spend a certain amount of time on the payment page while they decide which method they wish to use. In case they are entering the details of their debit or credit card, it also takes some time. And when you go for a white label payment gateway, they consciously or subconsciously notice details like your business’s logo, font style, colors, and such. This translates to improved visibility of your brand and better recall at a later date as well. This means, when the same customer feels the need to buy a product that they once bought from you or something else that you also sell, their mind zeroes in on your brand automatically. Better visibility and recall also means your customers are more likely to talk about your brand with friends and family or suggest the same. Naturally, this means more people will be visiting your site.

• Improved Conversions

White label payment processing is a smart way to instill and build trust and confidence in customers, especially those who are visiting your site for the first time. You can also forge strong relationships with them this way. If shoppers land on a payment page that is generic, they might not feel confident enough to go through with the transaction or have doubts about the authenticity of your business. This can lead to cart abandonment. However, when your payment page is personalized, customers will know that they are dealing with the same brand from the start and feel amply reassured. In other words, the conversion rate will spike and your base of loyalists will also expand in the long run.

• No Need to Start from Scratch

Does the idea of building payment gateways from scratch appeal to you? Nevertheless, the task can be challenging. Unless you have the technical expertise, time, and resource to devote to the job, it is advisable to leave it to the professionals at PayTabs. This way, you will also be sure that you are getting the best solution for your payment situation. The white label gateway will be updated and in top form at all times too. In case of any glitches, you can also get in touch with PayTabs for troubleshooting or to obtain the necessary guidance. Not having to stress about the gateway means that you will be able to concentrate on the core aspects of your business better.

• Protection Against Fraud

With white label payment processing, you can rest assured that all the transactions will be secured against a variety of cyberattacks. Apart from PCI-DSS compliance, PayTabs’ white label gateway comes with sophisticated authentication and encryption measures to make sure sensitive financial data is protected. This means, you can offer shoppers a safe experience on your site and they can trust you easily too.

• Competitive Edge

UAE’s ecommerce sector is all set to grow at an 11.52% rate before hitting an impressive USD 18.99 billion mark by 2029. In such a rapidly evolving landscape, you cannot survive or thrive unless you stay ahead of competitors. And opting for a white label payment gateway is an effective way to do that. It can help you improve brand visibility, earn customer trust, ensure secure transactions, build relationships, drive conversions, and boost loyalty without wasting much time or money. By lending a personal touch to the checkout experience, you can stand out from the others.

Also Read: What is White Label Payment Gateway?

Choose PayTabs for White Label Payment Processing

As a leader in white label gateway solutions, PayTabs has found a special place under the spotlight in a short time. Before taking a call, you can also take out some time to do your research, go through reviews from past clients, and request a demo. You should also discuss your specific business needs with the experts at PayTabs to make sure you are getting your money’s worth. All in all, running a business in the UAE is about to get a whole lot easier and even exciting once you embrace a white label payment gateway.

Saudi Arabia’s digital payments market is all set to touch an impressive transaction value of USD 87.14 billion by 2028. With businesses shifting to the ecommerce landscape in droves, paying for products and services online has become more usual among customers than ever. Payment orchestration for KSA merchants is especially playing a crucial role in making the checkout process smooth, fast, secure, and seamless. With an orchestration platform, businesses can manage multiple payment processors, gateways, acquirers, and banks in one place. This helps boost payment acceptance rate, allows merchants to offer multiple payment modes to shoppers, encourages more sales, and generates greater revenue.

Given that Saudi Arabia payment trends are centered on Fintech innovation currently, it doesn’t come as a surprise that financial institutions are eagerly embracing orchestration to keep up with the evolving needs of merchants or their business banking customers. So, let’s dive into the different ways in which payment orchestration in Saudi Arabia is making a difference to the country’s financial sector.

Payment Orchestration Trends Dominating KSA’s Financial Sector

By adopting payment orchestration services, financial institutions in Saudi Arabia are not only reaping the following benefits, but also simplifying life for merchants:

• Increased Retention: Financial institutions are forging better relations and instilling deeper trust in existing merchant customers by joining hands with reputed providers of payment orchestration platforms, like PayTabs. This is because they are enabling businesses of all sizes to offer end consumers bespoke payment solutions. With orchestration platforms, banks are white-labelling or personalizing their offerings as well, which means their current merchant customers don’t need to go elsewhere for innovative and efficient solutions. By retaining more of the existing customers, financial institutions are protecting their source and size of revenue as well as goodwill.
• More New Customers: By embracing financial payment orchestration in Saudi Arabia, banks and similar institutions are attracting new merchant customers too. They are making it possible for businesses to provide a plethora of payment modes at the time of checkout, including debit and credit cards, digital wallets, mobile apps, buy now pay later schemes, and so on. Merchants can simply add the relevant payment methods to their payment ecosystem with a few taps. In other words, financial institutions are drawing even those customers they were unable to reach before through orchestration-driven flexibility.
• Improved Revenue: Apart from easing payment integration in Saudi Arabia easy for merchants, financial institutions are offering clients plenty of value-added services. These might include advanced protection against frauds, payment gateways, accounting tools etc. For instance, partnering with an orchestration platform like PayTabs is allowing banks to strengthen their customers’ encryption and authentication techniques and assure shoppers ultimately. And higher shopper satisfaction means more and repeat sales. This is helping KSA’s financial sector players to earn more revenue and even receive fees from merchant transactions that occur beyond the orbit of the usual banking services.
• Valuable Insights: Through payment orchestration, financial institutions are also enjoying visibility into the behaviors and patterns of their business clients. Banks can now derive meaningful insights based on how different merchants are using their services and offers. This means that financial players can tailor services more strategically in the future to retain and attract more customers and boost revenue.
• Competitiveness: Another reason why adopting orchestration has emerged as one of the key Saudi Arabian Fintech trends is because more and more entities in the financial sector can now position themselves as innovative, progressive, and tech-forward. This is helping financial institutions to gain a competitive edge, scale faster, and stay relevant among modern merchants. In fact, they are being able to attract startups and small businesses too.
• Readiness for the Future: Payment orchestration is enabling financial institutions in Saudi Arabia to future-proof themselves against market fragmentation, changes, and new payment integrations. In other words, financial entities are becoming more agile by adopting orchestration platforms and they know that no matter how the payment landscape evolves in the coming years, they will be able to meet the new standards confidently. Moreover, they will be able to offer better solutions to merchants or business customers cost-effectively.

Payment Orchestration: Transforming KSA’s Financial Sector

Financial payment orchestration in Saudi Arabia, as we saw, is powering the growth and transformation of the country’s financial sector by helping institutions attract more clients, retain old ones, earn more, gather data-backed insights, become competitive, and gear up for the future. The benefits are in turn trickling down to merchants or the business customers of banks and similar entities. And payment orchestration service providers like PayTabs are at the helm of it all. As a payment infrastructure company offering cutting-edge solutions that are safe, simple, and scalable, PayTabs is driving local commerce and financial inclusion in the MENA region with a vision to power every single digital transaction.

So, as a player in KSA’s financial sector, it is time for you to adopt payment orchestration, change the way you conduct business, and simplify life for your merchant customers in the process.