Middle East & North Africa Digital Payments Market 2020 Strategic Assessment - Paypal Holdings Inc., Samsung Corporation, ACI Worldwide Inc

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Digital Payments production region, major players, and product type which will provide a simplified view of the Digital Payments industry. The Digital Payments market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Digital Payments market which will help the emerging market segments in making vital business decisions.

The Middle East & North Africa Digital Payments Market is expected to CAGR of 6.5% over the forecast period 2020 - 2025.

Digital Payments Market Segmentation:  

This report on Middle East & North Africa Digital Payments market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Middle East & North Africa market for Digital Payments. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).

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Middle East & North Africa Digital Payments market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Paypal Holdings Inc., Samsung Corporation, ACI Worldwide Inc, CIB Bank, Alphabet Inc.(Google Pay), Apple Inc., First Data, Fawry, amongst others.

High Proliferation of Smartphones and Internet Penetration to Drive the Market Growth

- The global mobile connections have surpassed the global population mark. For instance, according to GSMA, the global mobile connections in 2019 stood at 8.98 billion and increasing even significantly with prominent growth rates in Middle East and North Africa.
- In the Middle East and North Africa, one in three mobile money providers that offer a smartphone app are seeing 20 percent or more of their active customer base transacting through the app, and a growing number of deployments in Middle East see over half of the transactions performed through smartphone apps.
- A recent survey from MasterCard indicates that digital payments in the Middle East will increase rapidly with over 70% of respondents in the survey stating that they were willing to use mobile phones to make payments. The shift to mobile could also have a tremendous economic impact, as studies have shown that the Middle East could add USD 95 billion in GDP by 2020.

Launch of Real-Time Payment Systems in Key GCC and North African Countries _to Drive the Market Growth

- As digital payment options continue to grow in popularity, an increasing number of businesses and consumers are expected to adopt these payments in the region. It is therefore crucial for the region to have underlying real-time infrastructure in place to enable these payments to make it quick and effective.
- The launch of a real-time payments service provides the core infrastructure which support a range of new banking and payment services. At a macro level, the introduction of such technology offers tangible benefits to a national economy by increasing liquidity and efficiency of the payments system, which in turn will support GDP growth and also reduces costs of doing business in the region and provides convenient secure access to payments systems for banked and unbanked consumers, businesses and government.         

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This independent 120 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Digital Payments market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.

Key Takeaways from this Report

Impact of low unit costs, diversified product ranges and intense competition on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Regional analysis of the market
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)           

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This release was published on openPR.