The State of Online Payment Methods in Middle East [Infographic]

Did you know that the volume of online payments in Arab world is estimated to reach US$69 billion by 2020. UAE has the highest consumer acceptance of 71% to pay online by country followed by KSA (58%), Qatar (54%) and Kuwait (53%). Check out our infographic “The State of Online Payment in Middle East” for latest statistics and trends.

The State of online payment methods in Middle East

Infographic by GO-Gulf Web Design Doha Qatar

To Publish this Image on your Blog or Website . Copy this code


Consumer Acceptance to pay online by Country

Country %age
UAE 71%
KSA 58%
Egypt 51%
Kuwait 53%
Lebanon 49%
Jordan 52%
Qatar 54%

 

The UAE Mobile Wallet Project is expected to see AED50 billion ($13.6 billion) in payments switched from cash to mobile, a 35 percent market share, within five years.

Estimated Credit Card Penetration by Country

Country %age
Kuwait 97%
UAE 89%
Saudi Arabia 45%
Qatar 45%
Lebanon 15%

 

Preferred online payment methods Middle East

Payment Method %age
Credit Card 45%
Debit Card 11%
Net Banking 9%
Store Specific Card 3%
Digital Payment System / E-wallet 1%

 

Top MENA countries with highest ranking of Mobile Banking Adoption

Country %age
Saudi Arabia 60%
UAE 52%
Egypt 46%
Jordan 40%
Lebanon 31%