- In June, 2019, Noor Bank introduced digital payment service e-Wallet for consumers through their partnership with Etisalat. This new service is used to attract consumers from the UAE country with aid of fintech Company. Such initiative to increase consumer services generates demand and opportunity to grow for the market.
- In October, 2019, NCPI has announced the expansion of the UPI, BHIM, RuPay and other payment solutions to the Singapore and UAE countries. Such initiative to facilitate the Indian customer in the UAE nation is assisting the segment in growing in the forecast period.
Frequently Asked Questions
The market is segmented based on Middle East and Africa Payment Processing Solutions Market Segmentation, By Payment Mode (E-Wallet, Credit Card, Debit Card, Automatic Clearing House, Others), Deployment Mode (On-Premises, Cloud-Based), End User Industry (Banking, Financial Services and Insurance, IT and Telecommunication, Healthcare, E- Commerce and Retail, Government and Utilities, Others) – Industry Trends and Forecast to 2032
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The Middle East And North Africa Payment Processing Solutions Market size was valued at USD 5.50 USD Billion in 2024.
The Middle East And North Africa Payment Processing Solutions Market is projected to grow at a CAGR of 9.6% during the forecast period of 2025 to 2032.
The market report covers data from the U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
