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The State of Online Payment Methods in Middle East

PAY THE STATE OF ONLINE PAYMENT METHODS IN MIDDLE EAST • STATISTICS AND TRENDS • %24 24 US$69 BILLION BY 2020 The volume of online payments in Arab world is estimated to reach US$69 billion by 2020. CONSUMER ACCEPTANCE TO PAY ONLINE BY COUNTRY UAE KSA Egypt Kuwait 71% 58% 51% 53% Lebanon Jordan Qatar 49% 52% 54% AED50 billion | ($13.6 billion) in payments The UAE Mobile Wallet Project is expected to see AED50 billion ($13.6 billion) in payments switched from cash to mobile, a 35% market share, within five years. ESTIMATED CREDIT CARD PENETRATION BY COUNTRY Kuwait UAE KSA 97% 89% 45% Qatar Lebanon 45% 15% PREFERRED ONLINE PAYMENT METHODS IN THE MIDDLE EAST Credit Card Debit Card Net Banking 45% 11% 9% Store Specific Digital Payment Card System / E-wallet 3% 1% TOP MENA COUNTRIES WITH HIGHEST RANKING OF MOBILE BANKING ADOPTION Saudi Arabia UAE Egypt 60% 52% 46% Jordan Lebanon 40% 31% Complled and Designed by: GO-Gulf CUSTOM WEB DE VELOPMENT Source Links: http://www.payfort.com/press/arab-world-see-us69-billion-online-payment -transactions-per-annum-2020/ http://www.payfort.com/stateofpayments2016/ https://www.statista.com/statistics/509002/preferred-payment-methods-online -shoppers-middle-east/- http://news.arabnet.me/mena-countries-lead-digital-banking-adoption -arabnet-report/ http://www.arabianbusiness.com/uae-mobile-wallet-payments-exceed-13bn -in-5-years-637128.html

The State of Online Payment Methods in Middle East

shared by gogulf on Oct 07
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Check out this infographic to know the state of online payment methods in Middle East.

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GO-Gulf.qa

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GO-Gulf.qa

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Business
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