Quick Contact
×

Welcome, please select







Thank you for contacting us. We will get back to you right away.

×

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

December 27, 2018

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
UAE71%
KSA58%
Egypt51%
Kuwait53%
Lebanon49%
Jordan52%
Qatar54%

 

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
Kuwait97%
UAE89%
Saudi Arabia45%
Qatar45%
Lebanon15%

 

Preferred online payment methods Middle East

Payment Method%age
Credit Card45%
Debit Card11%
Net Banking9%
Store Specific Card3%
Digital Payment System / E-wallet1%

 

Top MENA countries with highest ranking of Mobile Banking Adoption

Country%age
Saudi Arabia60%
UAE52%
Egypt46%
Jordan40%
Lebanon31%

Share this on Social Media