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.
Infographics by GO-Gulf Web design Qatar
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Consumer Acceptance to pay online by Country
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
Preferred online payment methods Middle East
|Store Specific Card||3%|
|Digital Payment System / E-wallet||1%|
Top MENA countries with highest ranking of Mobile Banking Adoption