Middle East & Africa Digital Payments Market: Market Size, Forecast, Insights, and Competitive Landscape
The Middle East & Africa digital payment market is expected to grow at a CAGR of around 13.0% during 2024-2033. This report on Middle East & Africa digital payment market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the Middle East & Africa digital payment market by segmenting the market based on component, payment mode, deployment mode, end use and country. Also, detailed profiles of companies operating in the digital payment market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Increasing Internet Penetration
• Growing Government Initiatives
Market Challenges
• Cybersecurity issues
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Component
• Solutions
Application Program Interface
Payment Gateway
Payment Processing
Payment Security and Fraud Management
Transaction Risk Management
Others
• Services
Professional Services
Managed Services
Market by Payment Mode
• Bank Cards
• Digital Currencies
• Digital Wallets
• Net Banking
• Others
Market by Deployment Type
• Cloud-based
• On-premises
Market by End Use
• BFSI
• Healthcare
• IT and Telecom
• Media and Entertainment
• Retail and E-commerce
• Transportation
• Others
Market by Country
• Saudi Arabia
• Turkey
• Iran
• United Arab Emirates
• Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Middle East & Africa Digital Payments Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Middle East & Africa Digital Payments Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 5. Middle East & Africa Digital Payment Market by Component
- 5.1 Introduction
- 5.2 Solution
- 5.2.1 Application Program Interface
- 5.2.2 Payment Gateway
- 5.2.3 Payment Processing
- 5.2.4 Payment Security and Fraud Management
- 5.2.5 Transaction Risk Management
- 5.2.6 Others
- 5.3 Services
- 5.3.1 Professional Services
- 5.3.2 Managed Services
- 6. Middle East & Africa Digital Payment Market by Payment Mode
- 6.1 Introduction
- 6.2 Bank Cards
- 6.3 Digital Currencies
- 6.4 Digital Wallets
- 6.5 Net Banking
- 6.6 Others
- 7. Middle East & Africa Digital Payment Market by Deployment Mode
- 7.1 Introduction
- 7.2 Cloud-based
- 7.3 On-premises
- 8. Middle East & Africa Digital Payment Market by End Use
- 8.1 Introduction
- 8.2 BFSI
- 8.3 Healthcare
- 8.4 IT and Telecom
- 8.5 Media and Entertainment
- 8.6 Retail and E-commerce
- 8.7 Transportation
- 8.8 Others
- 9. Middle East & Africa Digital Payment Market by Country
- 9.1 Introduction
- 9.2 Saudi Arabia
- 9.3 Turkey
- 9.4 Iran
- 9.5 United Arab Emirates
- 9.6 Rest of Middle East & Africa
- 10. SWOT Analysis
- 11. Porter’s Five Forces
- 12. Market Value Chain Analysis
- 13. Competitive Landscape
- 13.1 Competitive Scenario
- 13.2 Company Profiles
- 13.2.1 ACI Worldwide Inc.
- 13.2.2 Alphabet Inc. (Google Pay)
- 13.2.3 Apple Inc.
- 13.2.4 CIB Bank
- 13.2.5 Denarii Cash
- 13.2.6 Fawry
- 13.2.7 First Data
- 13.2.8 Paypal Holdings Inc.
- 13.2.9 Mastercard (MasterPass)
- 13.2.10 Samsung Corporation
- 13.2.11 Saudi Digital Payment Company
- 13.2.12 Visa Inc.
- List of Figures
- Figure 1: Middle East & Africa Digital Payment Market (in US$ Million), 2019-2023
- Figure 2: Middle East & Africa Digital Payment Market by Component, 2023
- Figure 3: Middle East & Africa Digital Payment Market by Payment Mode, 2023
- Figure 4: Middle East & Africa Digital Payment Market by Deployment Mode, 2023
- Figure 5: Middle East & Africa Digital Payment Market by End Use, 2023
- Figure 6: Middle East & Africa Digital Payment Market by Country, 2023
- Figure 7: Middle East & Africa Digital Payment Market (in US$ Million), 2024-2033
- Figure 8: Middle East & Africa Digital Payment Market by Component (in %), 2023 & 2033
- Figure 9: Middle East & Africa Solution Digital Payment Market (in US$ Million), 2019-2023
- Figure 10: Middle East & Africa Solution Digital Payment Market (in US$ Million), 2024-2033
- Figure 11: Application Program Interface Solution Digital Payment Market (in US$ Million), 2019-2033
- Figure 12: Payment Gateway Program Interface Solution Digital Payment Market (in US$ Million), 2019-2033
- Figure 13: Payment Processing Program Interface Solution Digital Payment Market (in US$ Million), 2019-2033
- Figure 14: Payment Security and Fraud Management Program Interface Solution Digital Payment Market (in US$ Million), 2019-2033
- Figure 15: Transaction Risk Management Program Interface Solution Digital Payment Market (in US$ Million), 2019-2033
- Figure 16: Other Program Interface Solution Digital Payment Market (in US$ Million), 2019-2033
- Figure 17: Middle East & Africa Services Digital Payment Market (in US$ Million), 2019-2023
- Figure 18: Middle East & Africa Services Digital Payment Market (in US$ Million), 2024-2033
- Figure 19: Professional Services Digital Payment Market (in US$ Million), 2019-2033
- Figure 20: Managed Services Digital Payment Market (in US$ Million), 2019-2033
- Figure 21: Middle East & Africa Digital Payment Market by Payment Mode (in %), 2023 & 2033
- Figure 22: Middle East & Africa Bank Cards Digital Payment Market (in US$ Million), 2019-2023
- Figure 23: Middle East & Africa Bank Cards Digital Payment Market (in US$ Million), 2024-2033
- Figure 24: Middle East & Africa Digital Currencies Digital Payment Market (in US$ Million), 2019-2023
- Figure 25: Middle East & Africa Digital Currencies Digital Payment Market (in US$ Million), 2024-2033
- Figure 26: Middle East & Africa Digital Wallets Digital Payment Market (in US$ Million), 2019-2023
- Figure 27: Middle East & Africa Digital Wallets Digital Payment Market (in US$ Million), 2024-2033
- Figure 28: Middle East & Africa Net Banking Digital Payment Market (in US$ Million), 2019-2023
- Figure 29: Middle East & Africa Net Banking Digital Payment Market (in US$ Million), 2024-2033
- Figure 30: Middle East & Africa Other Modes Digital Payment Market (in US$ Million), 2019-2023
- Figure 31: Middle East & Africa Other Modes Digital Payment Market (in US$ Million), 2024-2033
- Figure 32: Middle East & Africa Digital Payment Market by Deployment Mode (in %), 2023 & 2033
- Figure 33: Middle East & Africa Cloud-based Digital Payment Market (in US$ Million), 2019-2023
- Figure 34: Middle East & Africa Cloud-based Digital Payment Market (in US$ Million), 2024-2033
- Figure 35: Middle East & Africa On-premises Digital Payment Market (in US$ Million), 2019-2023
- Figure 36: Middle East & Africa On-premises Digital Payment Market (in US$ Million), 2024-2033
- Figure 37: Middle East & Africa Digital Payment Market by End Use (in %), 2023 & 2033
- Figure 38: Middle East & Africa BFSI Digital Payment Market (in US$ Million), 2019-2023
- Figure 39: Middle East & Africa BFSI Digital Payment Market (in US$ Million), 2024-2033
- Figure 40: Middle East & Africa Healthcare Digital Payment Market (in US$ Million), 2019-2023
- Figure 41: Middle East & Africa Healthcare Digital Payment Market (in US$ Million), 2024-2033
- Figure 42: Middle East & Africa IT and Telecom Channels Digital Payment Market (in US$ Million), 2019-2023
- Figure 43: Middle East & Africa IT and Telecom Channels Digital Payment Market (in US$ Million), 2024-2033
- Figure 44: Middle East & Africa Media and Entertainment Digital Payment Market (in US$ Million), 2019-2023
- Figure 45: Middle East & Africa Media and Entertainment Digital Payment Market (in US$ Million), 2024-2033
- Figure 46: Middle East & Africa Retail and E-commerce Digital Payment Market (in US$ Million), 2019-2023
- Figure 47: Middle East & Africa Retail and E-commerce Digital Payment Market (in US$ Million), 2024-2033
- Figure 48: Middle East & Africa Transportation Digital Payment Market (in US$ Million), 2019-2023
- Figure 49: Middle East & Africa Transportation Digital Payment Market (in US$ Million), 2024-2033
- Figure 50: Middle East & Africa Other Digital Payment Market (in US$ Million), 2019-2023
- Figure 51: Middle East & Africa Other Digital Payment Market (in US$ Million), 2024-2033
- Figure 52: Middle East & Africa Digital Payment Market by Country (in %), 2023 & 2033
- Figure 53: Saudi Arabia Digital Payment Market (in US$ Million), 2019-2033
- Figure 54: Turkey Digital Payment Market (in US$ Million), 2019-2033
- Figure 55: Iran Digital Payment Market (in US$ Million), 2019-2033
- Figure 56: UAE Digital Payment Market (in US$ Million), 2019-2033
- Figure 57: Market Value Chain
- List of Tables
- Table 1: Middle East & Africa Digital Payment Market Portraiture
- Table 2: Middle East & Africa Digital Payment Market by Product Type (in US$ Million), 2023 & 2033
- Table 3: Middle East & Africa Digital Payment Market by Packaging (in US$ Million), 2023 & 2033
- Table 4: Middle East & Africa Digital Payment Market by Distribution Channel (in US$ Million), 2023 & 2033
- Table 5: Middle East & Africa Digital Payment Market by Country (in US$ Million), 2023 & 2033
- Table 6: List of Key Players
Research Assistance
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