Platinumlist, the MENA region’s leading online ticketing platform, has unveiled an innovative in-app ethical fan-to-fan ticket resale feature.
This new marketplace allows users to securely buy and sell tickets, addressing growing demand for fair resale options. With 70% of users choosing to resell at the original price and the remaining 30% applying an average markup of just 45%, the platform offers a significant alternative to the secondary market, where markups often soar as high as 300%.
Now available in the UAE, Saudi Arabia, Qatar, Bahrain, and Oman, the resale feature ensures a secure process through Safe Tickets, a system using dynamic QR codes that prevent fraud. Fans who miss out on initial ticket sales can now purchase resale tickets directly within the app. The feature also lets sellers adjust pricing or modify listings seamlessly, offering flexibility for last-minute changes.
The global secondary ticket market is set to grow from $3.3 billion in 2024 to $6.6 billion by 2033, according to Custom Market Insights. Platinumlist’s new feature positions the platform as a solution to issues like ticket fraud and price inflation, enhancing the reputation of event organizers and artists. High-profile names such as Taylor Swift benefit from this secure and trusted environment, which prioritizes fans’ interests.
Cosmin Ivan, CEO of Platinumlist, revealed a 600% growth in the usage of the resale feature over three months, emphasizing its value for all stakeholders.
“This platform connects genuine fans, making tickets more accessible and affordable,”
Ivan noted. As the online ticketing market is projected to reach $107.1 billion by 2032, Platinumlist’s innovative solutions are shaping the future of ticketing in the MENA region.
