Middle East & Africa Mobile Wallet and Payment Market Size and Forecast (2021 - 2031)
The Middle East and Africa (MEA) mobile wallet and payment market is projected to experience significant growth, with an expected market size of approximately US$ 3,823.0 million by 2031, up from US$ 770.3 million in 2023. This growth translates to a remarkable compound annual growth rate (CAGR) of 22.2% from 2023 to 2031.
Executive Summary and Market Analysis
The adoption of digital payment methods has surged across various sectors in the Middle East and Africa, including supermarkets, pharmacies, taxis, restaurants, cafes, and retail outlets. A key driver of this trend is the introduction of services like Apple Pay, which facilitates quick transactions by allowing users to simply place their iPhones near a payment terminal. Users can add cards from multiple banks to a single Apple Pay wallet, enhancing convenience.
According to the Mastercard New Payments Index, an impressive 95% of consumers in the Middle East and North Africa (MENA) region utilize various digital payment methods, including wearables, biometrics, digital wallets, QR codes, and contactless cards. Compared to 2020, 88% of MENA consumers now have access to a wider array of payment options. Furthermore, three out of four consumers in the region report that they have saved money through the use of digital payments. This trend has prompted many governments to advance their digital initiatives, fostering the growth of digitalization and fintech companies throughout the region.
Strategic Insights
Market Segmentation Analysis
The MEA mobile wallet and payment market can be segmented based on several criteria:
The process of remitting money internationally can often be cumbersome due to varying conversion rates, high fees, and associated taxes. Multi-currency wallets have emerged as a solution, allowing businesses to manage multiple currencies within a single digital wallet, thus simplifying overseas payments and currency conversions. The advantages of multi-currency wallets include:
Country Insights
The MEA mobile wallet and payment market is further segmented by country, including Saudi Arabia, the United Arab Emirates, South Africa, and the Rest of the Middle East and Africa. In 2023, the Rest of the Middle East and Africa held the largest market share.
Countries such as Iran, Iraq, Kenya, and Egypt are witnessing a notable shift towards mobile wallets, moving beyond basic mobile money services. These advanced financial services encompass features like bill payments, savings, loans, and insurance. Telecom and fintech companies are pivotal in driving this transformation across the Rest of the Middle East and Africa.
Company Profiles
Key players in the MEA mobile wallet and payment market include major companies such as Alphabet Inc., Telefonaktiebolaget LM Ericsson, Thales SA, Apple Inc., Visa Inc., ACI Worldwide Inc., AT&T Inc., Mastercard Inc., Samsung Electronics Co. Ltd., FIS Global, PayPal Holdings Inc., PayU, American Express Co., Bharti Airtel Ltd., PhonePe Pvt Ltd., Paytm E-Commerce Pvt Ltd., Early Warning Services, LLC, Alipay, One MobiKwik Systems Limited, and Software Group.
These companies are actively pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to deliver innovative solutions to consumers and enhance their market presence.
In conclusion, the Middle East and Africa mobile wallet and payment market is on a robust growth trajectory, driven by technological advancements, increased consumer adoption, and supportive government initiatives.
Executive Summary and Market Analysis
The adoption of digital payment methods has surged across various sectors in the Middle East and Africa, including supermarkets, pharmacies, taxis, restaurants, cafes, and retail outlets. A key driver of this trend is the introduction of services like Apple Pay, which facilitates quick transactions by allowing users to simply place their iPhones near a payment terminal. Users can add cards from multiple banks to a single Apple Pay wallet, enhancing convenience.
According to the Mastercard New Payments Index, an impressive 95% of consumers in the Middle East and North Africa (MENA) region utilize various digital payment methods, including wearables, biometrics, digital wallets, QR codes, and contactless cards. Compared to 2020, 88% of MENA consumers now have access to a wider array of payment options. Furthermore, three out of four consumers in the region report that they have saved money through the use of digital payments. This trend has prompted many governments to advance their digital initiatives, fostering the growth of digitalization and fintech companies throughout the region.
Strategic Insights
Market Segmentation Analysis
The MEA mobile wallet and payment market can be segmented based on several criteria:
- By Type: The market is divided into Proximity and Remote payment types. In 2023, Proximity payments held the largest market share.
- By Technology: The market is categorized into NFC (Near Field Communication), QR-based, Text-based, and Digital-only technologies. QR-based payments dominated the market in 2023.
- By End User: The market is segmented into Personal and Business users, with Personal users accounting for the largest share in 2023.
The process of remitting money internationally can often be cumbersome due to varying conversion rates, high fees, and associated taxes. Multi-currency wallets have emerged as a solution, allowing businesses to manage multiple currencies within a single digital wallet, thus simplifying overseas payments and currency conversions. The advantages of multi-currency wallets include:
- Secured Payments: These wallets offer enhanced security features and multiple authentication methods, ensuring the protection of account information and funds, which is crucial for secure overseas transactions and currency exchanges.
- Convenience and Flexibility: Users can easily switch between currencies, pay bills, and conduct transactions in various currencies without the need to manage multiple accounts. This streamlines cross-border payments, allowing for seamless transactions with just one tap.
- No Foreign Exchange Hassles: Multi-currency wallets eliminate the stress associated with foreign exchange, enabling users to carry any currency for their international transactions without complications.
- Reduced Transaction Costs: By minimizing international transaction fees and avoiding hidden costs associated with bank transfers, multi-currency wallets significantly lower the expenses related to cross-border payments.
Country Insights
The MEA mobile wallet and payment market is further segmented by country, including Saudi Arabia, the United Arab Emirates, South Africa, and the Rest of the Middle East and Africa. In 2023, the Rest of the Middle East and Africa held the largest market share.
Countries such as Iran, Iraq, Kenya, and Egypt are witnessing a notable shift towards mobile wallets, moving beyond basic mobile money services. These advanced financial services encompass features like bill payments, savings, loans, and insurance. Telecom and fintech companies are pivotal in driving this transformation across the Rest of the Middle East and Africa.
Company Profiles
Key players in the MEA mobile wallet and payment market include major companies such as Alphabet Inc., Telefonaktiebolaget LM Ericsson, Thales SA, Apple Inc., Visa Inc., ACI Worldwide Inc., AT&T Inc., Mastercard Inc., Samsung Electronics Co. Ltd., FIS Global, PayPal Holdings Inc., PayU, American Express Co., Bharti Airtel Ltd., PhonePe Pvt Ltd., Paytm E-Commerce Pvt Ltd., Early Warning Services, LLC, Alipay, One MobiKwik Systems Limited, and Software Group.
These companies are actively pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to deliver innovative solutions to consumers and enhance their market presence.
In conclusion, the Middle East and Africa mobile wallet and payment market is on a robust growth trajectory, driven by technological advancements, increased consumer adoption, and supportive government initiatives.
1. INTRODUCTION
1.1 Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macroeconomic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country-level data:
4. MOBILE WALLET AND PAYMENT MARKET LANDSCAPE
4.1 Market Overview
4.2 Ecosystem Analysis
4.2.1 Mobile Wallet Providers
4.2.2 Fintech Startups and High-Tech Firms
4.2.3 Banks
4.2.4 Value-Added Service Providers
4.2.5 Regulatory Bodies
4.2.6 List of Vendors in the Value Chain
5. MIDDLE EAST AND AFRICA MOBILE WALLET AND PAYMENT MARKET - KEY MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:
6. MOBILE WALLET AND PAYMENT MARKET - MIDDLE EAST AND AFRICA MARKET ANALYSIS
6.1 Middle East and Africa Mobile Wallet and Payment Market Revenue (US$ Million), 2023 - 2031
6.2 Middle East and Africa Mobile Wallet and Payment Market Forecast and Analysis
7. MIDDLE EAST AND AFRICA MOBILE WALLET AND PAYMENT MARKET REVENUE ANALYSIS - BY TYPE
7.1 Proximity
7.1.1 Overview
7.1.2 Proximity: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.2 Remote
7.2.1 Overview
7.2.2 Remote: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8. MIDDLE EAST AND AFRICA MOBILE WALLET AND PAYMENT MARKET REVENUE ANALYSIS - BY TECHNOLOGY
8.1 NFC
8.1.1 Overview
8.1.2 NFC: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.2 QR-based
8.2.1 Overview
8.2.2 QR-based: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.3 Text-based
8.3.1 Overview
8.3.2 Text-based: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.4 Digital-only
8.4.1 Overview
8.4.2 Digital-only: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9. MIDDLE EAST AND AFRICA MOBILE WALLET AND PAYMENT MARKET REVENUE ANALYSIS - BY END USER
9.1 Personal
9.1.1 Overview
9.1.2 Personal: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.2 Business
9.2.1 Overview
9.2.2 Business: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10. MIDDLE EAST AND AFRICA MOBILE WALLET AND PAYMENT MARKET - COUNTRY ANALYSIS
10.1 Middle East and Africa
10.1.1 Middle East and Africa Mobile Wallet and Payment Market Revenue and Forecast and Analysis - by Country
10.1.1.1 Middle East and Africa Mobile Wallet and Payment Market Revenue and Forecast and Analysis - by Country
10.1.2.2 Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.1.2.2.1 Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market Share - by Type
10.1.2.2.2 Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market Share - by Technology
10.1.2.2.3 Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market Share - by End User
10.2.3.3 United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.2.3.3.1 United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market Share - by Type
10.2.3.3.2 United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market Share - by Technology
10.2.3.3.3 United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market Share - by End User
10.3.4.4 South Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.3.4.4.1 South Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by Type
10.3.4.4.2 South Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by Technology
10.3.4.4.3 South Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by End User
10.4.5.5 Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.4.5.5.1 Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by Type
10.4.5.5.2 Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by Technology
10.4.5.5.3 Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by End User
11 COMPETITIVE LANDSCAPE
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12 INDUSTRY LANDSCAPE
12.1 Overview
12.2 New Product Development
12.3 Merger and Acquisition
12.4 Other Strategic Developments
13 COMPANY PROFILES
13.1 Alphabet Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Telefonaktiebolaget LM Ericsson
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Thales SA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Apple Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Visa Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 ACI Worldwide Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 AT&T Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Mastercard Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Samsung Electronics Co Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 FIS Global
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 PayPal Holdings Inc
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 PayU
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 American Express Co
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Bharti Airtel Ltd
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 PhonePe Pvt Ltd
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
13.16 Paytm E-Commerce Pvt Ltd
13.16.1 Key Facts
13.16.2 Business Description
13.16.3 Products and Services
13.16.4 Financial Overview
13.16.5 SWOT Analysis
13.16.6 Key Developments
13.17 Early Warning Services, LLC
13.17.1 Key Facts
13.17.2 Business Description
13.17.3 Products and Services
13.17.4 Financial Overview
13.17.5 SWOT Analysis
13.17.6 Key Developments
13.18 Alipay
13.18.1 Key Facts
13.18.2 Business Description
13.18.3 Products and Services
13.18.4 Financial Overview
13.18.5 SWOT Analysis
13.18.6 Key Developments
13.19 One MobiKwik Systems Limited
13.19.1 Key Facts
13.19.2 Business Description
13.19.3 Products and Services
13.19.4 Financial Overview
13.19.5 SWOT Analysis
13.19.6 Key Developments
13.20 Software Group
13.20.1 Key Facts
13.20.2 Business Description
13.20.3 Products and Services
13.20.4 Financial Overview
13.20.5 SWOT Analysis
13.20.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
1.1 Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macroeconomic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country-level data:
4. MOBILE WALLET AND PAYMENT MARKET LANDSCAPE
4.1 Market Overview
4.2 Ecosystem Analysis
4.2.1 Mobile Wallet Providers
4.2.2 Fintech Startups and High-Tech Firms
4.2.3 Banks
4.2.4 Value-Added Service Providers
4.2.5 Regulatory Bodies
4.2.6 List of Vendors in the Value Chain
5. MIDDLE EAST AND AFRICA MOBILE WALLET AND PAYMENT MARKET - KEY MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:
6. MOBILE WALLET AND PAYMENT MARKET - MIDDLE EAST AND AFRICA MARKET ANALYSIS
6.1 Middle East and Africa Mobile Wallet and Payment Market Revenue (US$ Million), 2023 - 2031
6.2 Middle East and Africa Mobile Wallet and Payment Market Forecast and Analysis
7. MIDDLE EAST AND AFRICA MOBILE WALLET AND PAYMENT MARKET REVENUE ANALYSIS - BY TYPE
7.1 Proximity
7.1.1 Overview
7.1.2 Proximity: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.2 Remote
7.2.1 Overview
7.2.2 Remote: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8. MIDDLE EAST AND AFRICA MOBILE WALLET AND PAYMENT MARKET REVENUE ANALYSIS - BY TECHNOLOGY
8.1 NFC
8.1.1 Overview
8.1.2 NFC: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.2 QR-based
8.2.1 Overview
8.2.2 QR-based: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.3 Text-based
8.3.1 Overview
8.3.2 Text-based: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.4 Digital-only
8.4.1 Overview
8.4.2 Digital-only: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9. MIDDLE EAST AND AFRICA MOBILE WALLET AND PAYMENT MARKET REVENUE ANALYSIS - BY END USER
9.1 Personal
9.1.1 Overview
9.1.2 Personal: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.2 Business
9.2.1 Overview
9.2.2 Business: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10. MIDDLE EAST AND AFRICA MOBILE WALLET AND PAYMENT MARKET - COUNTRY ANALYSIS
10.1 Middle East and Africa
10.1.1 Middle East and Africa Mobile Wallet and Payment Market Revenue and Forecast and Analysis - by Country
10.1.1.1 Middle East and Africa Mobile Wallet and Payment Market Revenue and Forecast and Analysis - by Country
10.1.2.2 Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.1.2.2.1 Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market Share - by Type
10.1.2.2.2 Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market Share - by Technology
10.1.2.2.3 Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market Share - by End User
10.2.3.3 United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.2.3.3.1 United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market Share - by Type
10.2.3.3.2 United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market Share - by Technology
10.2.3.3.3 United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market Share - by End User
10.3.4.4 South Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.3.4.4.1 South Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by Type
10.3.4.4.2 South Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by Technology
10.3.4.4.3 South Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by End User
10.4.5.5 Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.4.5.5.1 Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by Type
10.4.5.5.2 Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by Technology
10.4.5.5.3 Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market Share - by End User
11 COMPETITIVE LANDSCAPE
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12 INDUSTRY LANDSCAPE
12.1 Overview
12.2 New Product Development
12.3 Merger and Acquisition
12.4 Other Strategic Developments
13 COMPANY PROFILES
13.1 Alphabet Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Telefonaktiebolaget LM Ericsson
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Thales SA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Apple Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Visa Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 ACI Worldwide Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 AT&T Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Mastercard Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Samsung Electronics Co Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 FIS Global
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 PayPal Holdings Inc
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 PayU
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 American Express Co
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Bharti Airtel Ltd
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 PhonePe Pvt Ltd
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
13.16 Paytm E-Commerce Pvt Ltd
13.16.1 Key Facts
13.16.2 Business Description
13.16.3 Products and Services
13.16.4 Financial Overview
13.16.5 SWOT Analysis
13.16.6 Key Developments
13.17 Early Warning Services, LLC
13.17.1 Key Facts
13.17.2 Business Description
13.17.3 Products and Services
13.17.4 Financial Overview
13.17.5 SWOT Analysis
13.17.6 Key Developments
13.18 Alipay
13.18.1 Key Facts
13.18.2 Business Description
13.18.3 Products and Services
13.18.4 Financial Overview
13.18.5 SWOT Analysis
13.18.6 Key Developments
13.19 One MobiKwik Systems Limited
13.19.1 Key Facts
13.19.2 Business Description
13.19.3 Products and Services
13.19.4 Financial Overview
13.19.5 SWOT Analysis
13.19.6 Key Developments
13.20 Software Group
13.20.1 Key Facts
13.20.2 Business Description
13.20.3 Products and Services
13.20.4 Financial Overview
13.20.5 SWOT Analysis
13.20.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
LIST OF TABLES
Table 1. Middle East and Africa Mobile Wallet and Payment Market Segmentation
Table 2. List of Vendors
Table 3. Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Table 4. Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 5. Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Technology
Table 6. Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by End User
Table 7. Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Country
Table 8. Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 9. Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Technology
Table 10. Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by End User
Table 11. United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 12. United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Technology
Table 13. United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by End User
Table 14. South Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 15. South Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Technology
Table 16. South Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by End User
Table 17. Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 18. Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Technology
Table 19. Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by End User
Table 20. Heat Map Analysis by Key Players
Table 1. Middle East and Africa Mobile Wallet and Payment Market Segmentation
Table 2. List of Vendors
Table 3. Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Table 4. Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 5. Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Technology
Table 6. Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by End User
Table 7. Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Country
Table 8. Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 9. Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Technology
Table 10. Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by End User
Table 11. United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 12. United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Technology
Table 13. United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by End User
Table 14. South Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 15. South Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Technology
Table 16. South Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by End User
Table 17. Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Type
Table 18. Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by Technology
Table 19. Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million) - by End User
Table 20. Heat Map Analysis by Key Players
LIST OF FIGURES
Figure 1. Middle East and Africa Mobile Wallet and Payment Market Segmentation - Country
Figure 3. Ecosystem: Mobile Wallet and Payment Market
Figure 4. Middle East and Africa Mobile Wallet and Payment Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Middle East and Africa Mobile Wallet and Payment Market Revenue (US$ Million), 2023 - 2031
Figure 7. Middle East and Africa Mobile Wallet and Payment Market Share (%) - by Type, 2023 and 2031
Figure 8. Proximity: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 9. Remote: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 10. Middle East and Africa Mobile Wallet and Payment Market Share (%) - by Technology, 2023 and 2031
Figure 11. NFC: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 12. QR-based: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 13. Text-based: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 14. Digital-only: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 15. Middle East and Africa Mobile Wallet and Payment Market Share (%) - by End User, 2023 and 2031
Figure 16. Personal: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 17. Business: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 18. Middle East and Africa Mobile Wallet and Payment Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 19. Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 20. United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 21. South Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 22. Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 23. Company Positioning & Concentration
Figure 1. Middle East and Africa Mobile Wallet and Payment Market Segmentation - Country
Figure 3. Ecosystem: Mobile Wallet and Payment Market
Figure 4. Middle East and Africa Mobile Wallet and Payment Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Middle East and Africa Mobile Wallet and Payment Market Revenue (US$ Million), 2023 - 2031
Figure 7. Middle East and Africa Mobile Wallet and Payment Market Share (%) - by Type, 2023 and 2031
Figure 8. Proximity: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 9. Remote: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 10. Middle East and Africa Mobile Wallet and Payment Market Share (%) - by Technology, 2023 and 2031
Figure 11. NFC: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 12. QR-based: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 13. Text-based: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 14. Digital-only: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 15. Middle East and Africa Mobile Wallet and Payment Market Share (%) - by End User, 2023 and 2031
Figure 16. Personal: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 17. Business: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 18. Middle East and Africa Mobile Wallet and Payment Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 19. Saudi Arabia: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 20. United Arab Emirates: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 21. South Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 22. Rest of Middle East and Africa: Middle East and Africa Mobile Wallet and Payment Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
Figure 23. Company Positioning & Concentration
