Press release
Middle East and Africa Online Payment Gateway Market Size to surpass 28%+ CAGR up to 2028 | Key Players - ACI Worldwide Inc., PayPal Holdings Inc., Paymentwall Inc., CashU Services, Innovate 1 Pay, Payfort/Amazon Payment Services, Checkout.com, The Direct
Middle East and Africa Online Payment Gateway Market
The Middle East and Africa online payment gateway market is anticipated to grow at a significant CAGR of more than 28% during the forecast period. Payment Gateway is a technology used by merchants to accept payments through debit and credit cards and online purchases from customers.
The market growth is attributed to the changing preferences of the people towards online transaction systems, rising demand for m-wallet, rising internet penetration coupled with the growing youth population, growing disposable income of people, and increasing government initiatives in favor of cashless transactions.
Request Sample Copy of this report at https://www.marketstudyreport.com/request-a-sample/5516993
Market Structure and Competition Landscape
The growth of the Middle East and Africa online payment gateway market is characterized by the presence of players operating in the market. Some of the players operating in the market include ACI Worldwide Inc., PayPal Holdings Inc., Paymentwall Inc., CashU Services, Innovate 1 Pay Ltd., Payfast (Pty) Ltd., Adyen Australia Pty Ltd., Worldpay (Fidelity National Information Services, Inc.), Fiserv Inc., Telr Pte Ltd., Payfort/Amazon Payment Services, Checkout.com, The Direct Pay Online Group, and Vapulus Inc. among others.
Moreover, the recent COVID-19 outbreak has accelerated the adoption of digital payment among the people in the region which has facilitated the online payment gateway market growth.
Market Segmentation
The Middle East and Africa online payment gateway market has been analyzed on the basis of payment gateway type, organization size, end-user, and region. Based on the payment gateway type, the market is segmented into hosted and non-hosted.
The hosted segment is estimated to hold a prominent share in the market. Based on organization size, the market is segmented into micro & small enterprises, medium enterprises, and large enterprises.
Further, on the basis of end-user, the market covers the analysis of retail merchants, travel agencies, government, healthcare, and others. Geographically, the market covers the analysis of UAE, Saudi Arabia, Turkey, Egypt, South Africa, and Rest of Middle East and Africa. UAE is dominating the market due to the rising initiatives by the government for digitization and e-transactions.
These players adopt various strategies such as mergers and acquisitions, product launches, and partnerships in order to reinforce their market share and gain a competitive edge over other competitors in the market.
Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the Middle East and Africa online payment market include,
In January 2022, Noon e-commerce company launched noon payments - an online payment gateway, to help small and medium businesses in Egypt by providing them with payment solutions.
In August 2021, Bahrain Financing Company merged with Finablr resulting in the formation of WizzFinancial. WizzFinancial (Prism Group) will operate as a fintech company and cater to a broad range of customers in the region. This merger was aimed to create a regional powerhouse with licenses to operate in over 30 countries.
Questions And Answers: Global Middle East and Africa Online Payment Gateway Market
Q1. What is the CAGR that the Middle East and Africa Online Payment Gateway Market is expected to register through the projected duration?
Answer: The Middle East and Africa Online Payment Gateway Market is likely to register a CAGR of 28% over the forecast period.
Q2. Which Are the Key Players in Global Middle East and Africa Online Payment Gateway Market?
Answer: ACI Worldwide Inc., PayPal Holdings Inc., Paymentwall Inc., CashU Services, Innovate 1 Pay Ltd., Payfast (Pty) Ltd., Adyen Australia Pty Ltd., Worldpay (Fidelity National Information Services, Inc.), among others are the leading players in worldwide Middle East and Africa Online Payment Gateway Market
For more details on this report: https://www.marketstudyreport.com/reports/middle-east-and-africa-online-payment-gateway-market-analysis-forecast-2019-2028
Contact Us:
Ritesh Tiwari
Head - Press and Media
Email: sales@marketstudyreport.com
Phone: 1-866-764-2150
MarketStudyReport.com
About US:
Market Study Report is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, is the platform that can help you in achieving any of these objectives.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Middle East and Africa Online Payment Gateway Market Size to surpass 28%+ CAGR up to 2028 | Key Players - ACI Worldwide Inc., PayPal Holdings Inc., Paymentwall Inc., CashU Services, Innovate 1 Pay, Payfort/Amazon Payment Services, Checkout.com, The Direct here
News-ID: 2809393 • Views: …
More Releases from marketstudyreport.com
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders.
Load Bank Market Size was estimated…
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of…
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
The operation is done to stop ligament tears and…
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting…
More Releases for Pay
Mobile Payment Services Market 2022-2027: Onset of Advanced Technologies to Upsu …
The most recent research report on the Global Mobile Payment Services Market offers the collective study on the COVID-19 epidemic in order to give the latest data on the key attributes of the Mobile Payment Services market. This intelligence report comprises analysis on the basis of current situations, historical data and future projections. The study comprises several market estimates correlated to market size, revenue, production, CAGR, consumption, gross margin in…
Samsung Pay Market is Booming Worldwide with Samsung Pay, Apple Pay, Google Pay
HTF Market Intelligence released a new research report of 23 pages on title 'Samsung Pay - Competitor Profile' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China etc and important players such as Samsung Pay, Apple Pay, Google Pay, Alipay, Tenpay, Samsung Electronics, Visa, Mastercard.
Request a sample report @ https://www.htfmarketreport.com/sample-report/3587660-samsung-pay-competitor-profile
Summary
Samsung…
Mobile Payment Market may see a big Move: Apple Pay, Samsung Pay, Amazon Pay
A new business intelligence report released by HTF MI with title "Global Mobile Payment Market Report 2020" is designed covering micro level of analysis by manufacturers and key business segments. The Global Mobile Payment Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some…
Electronic Payment Market Growth Insights to 2024 by Leading Players like Alipay …
Electronic Payment is a payment solution which is made through digital modes with no hard cash. In digital payment, both payer and payee use digital modes to send and receive money. Digital payment include payment gateway solutions, payment processing solutions, payment wallet solutions, payment security and fraud management solutions, and POS solutions.
Scope of the Report:
The global Electronic Payment market is valued at xx million USD in 2018 and is expected…
Payment Landscape Market to 2024 By Key Players - Samsung Pay, Google Pay, Apple …
For people who are keen on the Payment Landscape Industry the Global Payment Landscape Market Trends, Competitive Analysis and Forecast Report 2019-2024 would be an useful report to refer to as it is an exhaustive study on the present market scenario of this industry. The report also gives a special insight into the growing United States, Europe, APAC, Middle East and Africa market of this industry. The report summarizes key…
Payments Landscape in Australia Market Expected to Generate High Revenue in Futu …
Global Payments Landscape in Australia market report offers in-depth knowledge and analysis results and knowledge concerning Payments Landscape in Australia market share, growth factors, size, key drivers, restraints, opportunities, and trends valid by a mixture of specialists with correct data of the precise trade and Payments Landscape in Australia market further as region-wise analysis experience. The Payments Landscape in Australia report contains historical, current, and projected revenues for every sector,…
