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. 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.
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. 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.
Middle East and Africa Online Payment Gateway Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Regional Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players' expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Online Payment Gateway Key Players
6.3.2. Key End-Users
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis
7. Rules & Regulations
8. Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. The Middle East and Africa Online Payment Gateway Market: Online Spending v/s Offline Spending
9.1. By Country
9.1.1. UAE
9.1.2. Turkey
9.1.3. Saudi Arabia
9.1.4. Egypt
9.1.5. South Africa
10. Middle East and Africa Online Payment Gateway Market: Key Investment Analysis
10.1. By Leading Players
10.1.1. Google Pay (Alphabet Inc.)
10.1.2. Payfort/Amazon Payment Services
10.1.3. CashU Services
*List not exhaustive
10.2. By Type
10.3. By Country
10.4. M&A Activities
11. Key Funding Assessment
Robust assessment of key funding made in the marketplace by country
12. Parent Market Overview: Middle East and Africa Online Payment Gateway Market
13. Segmental Analysis
13.1. Middle East and Africa Online Payment Gateway Market by Payment Gateway Type
13.1.1. Segment Overview
13.1.1.1. Hosted
13.1.1.2. Non-Hosted
13.2. Middle East and Africa Online Payment Gateway Market by Organization Size
13.2.1. Segment Overview
13.2.1.1. Micro and Small Enterprises
13.2.1.2. Medium Enterprises
13.2.1.3. Large Enterprises
13.3. Middle East and Africa Online Payment Gateway Market by End User
13.3.1. Segment Overview
13.3.1.1. Retail Merchants
13.3.1.2. Travel Agencies
13.3.1.3. Government
13.3.1.4. Healthcare
13.3.1.5. Others (Media and Entertainment)
14. Country Analysis
14.1. UAE Online Payment Gateway Market Analysis and Forecast 2019-2028
14.1.1. Market Overview
14.1.2. UAE Online Payment Gateway Market by Payment Gateway Type
14.1.3. UAE Online Payment Gateway Market by Organization Size
14.1.4. UAE Online Payment Gateway Market by End User
14.2. Saudi Arabia Online Payment Gateway Market Analysis and Forecast 2019-2028
14.2.1. Market Overview
14.2.2. Saudi Arabia Online Payment Gateway Market by Payment Gateway Type
14.2.3. Saudi Arabia Online Payment Gateway Market by Organization Size
14.2.4. Saudi Arabia Online Payment Gateway Market by End User
14.3. Turkey Online Payment Gateway Market Analysis and Forecast 2019-2028
14.3.1. Market Overview
14.3.2. Turkey Online Payment Gateway Market by Payment Gateway Type
14.3.3. Turkey Online Payment Gateway Market by Organization Size
14.3.4. Turkey Online Payment Gateway Market by End User
14.4. Egypt Online Payment Gateway Market Analysis and Forecast 2019-2028
14.4.1. Market Overview
14.4.2. Egypt Online Payment Gateway Market by Payment Gateway Type
14.4.3. Egypt Online Payment Gateway Market by Organization Size
14.4.4. Egypt Online Payment Gateway Market by End User
14.5. South Africa Online Payment Gateway Market Analysis and Forecast 2019-2028
14.5.1. Market Overview
14.5.2. South Africa Online Payment Gateway Market by Payment Gateway Type
14.5.3. South Africa Online Payment Gateway Market by Organization Size
14.5.4. South Africa Online Payment Gateway Market by End User
14.6. Rest of Middle East and Africa Online Payment Gateway Market Analysis and Forecast 2019-2028
14.6.1. Market Overview
14.6.2. Rest of Middle East and Africa Online Payment Gateway Market by Payment Gateway Type
14.6.3. Rest of Middle East and Africa Online Payment Gateway Market by Organization Size
14.6.4. Rest of Middle East and Africa Online Payment Gateway Market by End User
15. Competitive Landscape
15.1. Competition Dashboard
15.1.1. Regional Market Share Analysis
15.1.2. Market Structure
15.2. Competitive Benchmarking
15.3. Key Strategy Analysis
15.4. Company Profiles
15.4.1. ACI Worldwide Inc.
15.4.1.1. Company Overview
15.4.1.2. Product/Service Offerings
15.4.1.3. Key Financials
15.4.1.4. Recent Developments
15.4.2. PayPal Holdings Inc.
15.4.2.1. Company Overview
15.4.2.2. Product/Service Offerings
15.4.2.3. Financials
15.4.2.4. Recent Developments
15.4.3. Paymentwall Inc.
15.4.3.1. Company Overview
15.4.3.2. Product/Service Offerings
15.4.3.3. Financials
15.4.3.4. Recent Developments
15.4.4. CashU Services
15.4.4.1. Company Overview
15.4.4.2. Product/Service Offerings
15.4.4.3. Financials
15.4.4.4. Recent Developments
15.4.5. Innovate 1 Pay Ltd.
15.4.5.1. Company Overview
15.4.5.2. Product/Service Offerings
15.4.5.3. Financials
15.4.5.4. Recent Developments
15.4.6. Payfast (Pty) Ltd.
15.4.6.1. Company Overview
15.4.6.2. Product/Service Offerings
15.4.6.3. Financials
15.4.6.4. Recent Developments
15.4.7. Adyen Australia Pty Ltd.
15.4.7.1. Company Overview
15.4.7.2. Product/Service Offerings
15.4.7.3. Financials
15.4.7.4. Recent Developments
15.4.8. Worldpay (Fidelity National Information Services, Inc.)
15.4.8.1. Company Overview
15.4.8.2. Product/Service Offerings
15.4.8.3. Financials
15.4.8.4. Recent Developments
15.4.9. Fiserv Inc.
15.4.9.1. Company Overview
15.4.9.2. Product/Service Offerings
15.4.9.3. Financials
15.4.9.4. Recent Developments
15.4.10. Telr Pte Ltd.
15.4.10.1. Company Overview
15.4.10.2. Product/Service Offerings
15.4.10.3. Financials
15.4.10.4. Recent Developments
15.4.11. Payfort/Amazon Payment Services
15.4.11.1. Company Overview
15.4.11.2. Product/Service Offerings
15.4.11.3. Financials
15.4.11.4. Recent Developments
15.4.12. Checkout.com
15.4.12.1. Company Overview
15.4.12.2. Product/Service Offerings
15.4.12.3. Financials
15.4.12.4. Recent Developments
15.4.13. The Direct Pay Online Group
15.4.13.1. Company Overview
15.4.13.2. Product/Service Offerings
15.4.13.3. Financials
15.4.13.4. Recent Developments
15.4.14. Vapulus Inc.
15.4.14.1. Company Overview
15.4.14.2. Product/Service Offerings
15.4.14.3. Financials
15.4.14.4. Recent Developments
16. Disclaimer
| Price : US$ 3500 |
Date : Apr 2024 |
| Category : Services |
Pages : 200 |
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