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
o Application Program Interface
o Payment Gateway
o Payment Processing
o Payment Security and Fraud Management
o Transaction Risk Management
o Others
• Services
o Professional Services
o 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