Middle East & North Africa Digital Payments Market Technology Growth and Development 2020-2025

By: X herald

Final Report will add the analysis of the impact of COVID-19 on this industry.

The report titled Middle East & North Africa Digital Payments Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.

The Middle East & North Africa Digital Payments Market is expected to CAGR of 6.5% over the forecast period 2020 – 2025.

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Top Companies operating in the Global Middle East & North Africa Digital Payments market profiled in the report: Paypal Holdings Inc., Samsung Corporation, ACI Worldwide Inc, CIB Bank, Alphabet Inc.(Google Pay), Apple Inc., First Data, Fawry, Mastercard (MasterPass), ACI Worldwide

Key Market Trends

High Proliferation of Smartphones and Internet Penetration to Drive the Market Growth

– The global mobile connections have surpassed the global population mark. For instance, according to GSMA, the global mobile connections in 2019 stood at 8.98 billion and increasing even significantly with prominent growth rates in Middle East and North Africa.
– In the Middle East and North Africa, one in three mobile money providers that offer a smartphone app are seeing 20 percent or more of their active customer base transacting through the app, and a growing number of deployments in Middle East see over half of the transactions performed through smartphone apps.
– A recent survey from MasterCard indicates that digital payments in the Middle East will increase rapidly with over 70% of respondents in the survey stating that they were willing to use mobile phones to make payments. The shift to mobile could also have a tremendous economic impact, as studies have shown that the Middle East could add USD 95 billion in GDP by 2020.
Regional Analysis For Middle East & North Africa Digital Payments Market:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Influence of the Middle East & North Africa Digital Payments Market Report:

-Comprehensive assessment of all opportunities and risk in the Middle East & North Africa Digital Payments market.

-Middle East & North Africa Digital Payments market recent innovations and major events.

-Detailed study of business strategies for growth of the Middle East & North Africa Digital Payments market-leading players.

-Conclusive study about the growth plot of Middle East & North Africa Digital Payments market for forthcoming years.

-In-depth understanding of Middle East & North Africa Digital Payments market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Middle East & North Africa Digital Payments market.

Research Methodology:

Middle East & North Africa Digital Payments Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Middle East & North Africa Digital Payments Market, to estimate the size of various other dependent submarkets in the overall market.

Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.
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