Middle East and Africa digital payment market is projected to register a CAGR of 17.2% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.

Market Segmentation:

Middle East and Africa Digital Payment Market, By Offering (Solutions, Services), Deployment Model (On Premises, Cloud), Organization Size (Large Enterprises, Small & Medium Enterprises (SMEs)), Mode of Payment (Payment Cards, Point of Sale, Unified Payments Interface (UPI) Service, Mobile Payment, Online Payment), Mode of Usage (Mobile Application, Desktop/Web Browser), Technology (Application Programming Interface (API), Data Analytics and ML, Digital Ledger Technology (DLT), AI and IoT, Biometric Authentication), Use Case (Person (P/C), Merchant/ Business, Government), End User (Commercial, Consumer), Country (South Africa, UAE, Egypt, Saudi Arabia, Israel and Rest of Middle East and Africa) Industry Trends and Forecast to 2027

Some of the major factors contributing to the growth of the Middle East and Africa digital payment market are:

• Rapid adoption of online banking solutions
• Rising number of lenders in the region
Market Players
The key market players for Middle East and Africa digital payment market are listed below:

• ACI Worldwide, Inc.
• Novatti Group Pty Ltd
• Visa
• Google (A Subsidiary of Alphabet Inc.)
• Finastra
• SAMSUNG
• Amazon Web Services, Inc. (a subsidiary of Amazon.com, Inc.)
• Financial Software & Systems Pvt. Ltd.
• Apple Inc.
• Fiserv, Inc.
• FIS
• Wirecard
• Mastercard