"Payment failure rates are 3x higher in the MEA than the global average, and fraud rates and cart abandonment exceed those of other regions by over 20%...while 10% of all payments processed in the MEA region are digital."

https://techcrunch.com/2024/02/27/moneyhash-raises-4-5m-for-its-payment-orchestration-platform-serving-merchants-in-mena/