The rise of marketplaces and aggregation concepts in the Middle East reflect a booming global trend, and it requires the right payment platforms to support and complement its growth.

Over the past two years, Cartlow has continued to expand its team and client base by providing convenience to both consumers and businesses alike, and is now working with some of the biggest retailers and brands in the UAE, offering them advanced reverse logistics solutions that will optimize their return management and sales channels capabilities.

Digitalisation and a shift in consumer preferences during the pandemic has disrupted the industry across the Middle East and this trend appears poised to grow. According to the International Data Corporation, the Middle East, Turkey and Africa (META) region is expected to spend US$20 billion on digital transformation initiatives this year and up to US$40 billion by 2022.

2020 was the year where upGrad grew by 100% in revenues, tripled its course offerings, hit the ball out of the park on global MBAs, scaled university partnerships, put together a crack global team, crossed 1 Million learners across 50+ countries, delivered 10 Million hours of Learning experiences, and closed 3 acquisitions.

The company’s regional ambitions mirror its broader global expansion which saw it scale its workforce by 50% through the height of the pandemic as a result of businesses turning to low code and no code solutions to increase agility and productivity while reducing costs.