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Middle East And Africa Real Time Payments Market
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Middle East And Africa Real Time Payments Market

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Middle East and Africa Real Time Payments Market, By Nature of Payment (Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P)); By Component (Solutions (Payment Gateway Solution, Payment Processing Solution, Payment Security & Fraud Management Solution), Services (Professional Services, Managed Services); By Deployment Mode (On-premises, Cloud); By Enterprise Size (Small & Medium-sized Enterprises (SMEs), Large Enterprises); By Verticals (BFSI (Banking, Financial Services, and Insurance), IT & Telecommunications, Retail & e-Commerce, Government, Energy & Utilities); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: February 2024
  • Report ID: BWC24149
  • Available Format: PDF
  • Page: 200

Report Overview

Changing consumer behavior in digital payments influenced by trends, such as instant payments, digital commerce, cashless economy, mobile banking, and growing adoption of mobile wallets further boosts the growth of the Middle East and Africa Real Time Payments Market during the forecast period between 2024 and 2030.

Middle East and Africa Real Time Payments Market – Industry Trends & Forecast Report, 2030

Middle East and Africa Real Time Payments Market size was estimated at USD 29.75 million in 2023. During the forecast period between 2024 and 2029, the size of Middle East and Africa Real Time Payments Market is projected to grow at a CAGR of 9.88% reaching a value of USD 57.51 million by 2030. The Middle East and Africa Real-Time Payments Market is thriving due to the widespread use of smartphones and the embrace of cloud-based solutions for speedy transactions. Rising customer expectations for swift payment settlements, coupled with substantial investments from financial institutions and governments, are fueling the adoption of real-time payment solutions. The integration of innovative technologies like Artificial Intelligence (AI) and the Internet of Things (IoT) into digital payment platforms further contributes to the escalating demand for real-time payment solutions in the region.

Middle East and Africa Real Time Payments Market

Real-Time Payments – Overview

Real-time payments refer to electronic transactions that occur instantly, allowing funds to be transferred and settled within seconds. The innovative financial system operates 24/7, facilitating swift and secure money transfers between individuals, businesses, and financial institutions. Real-time payment systems enhance efficiency, reduce transactional delays, and offer a seamless experience for users. The systems leverage advanced technologies to enable instantaneous processing, providing a significant leap forward from traditional payment methods. Real-time payments play a crucial role in modernizing the financial landscape, supporting quick and convenient transactions.

Middle East and Africa Real Time Payments Market

Growth Drivers

Advanced Features Integration Boosts Real-Time Payments

Digital payment firms drive market growth by incorporating advanced features, notably artificial intelligence (AI). For instance, Mastercard, a financial service provider, integrated Mastercard Cross-Border Services with Previse’s Instant Pay platform in October 2021. Strategic collaborations enable immediate payments to suppliers, illustrating the industry's push towards innovation.

E-commerce Giants Elevate Digital Payments with Point-of-Sale Innovations

E-commerce leaders, including Amazon and Shopify, intensify efforts to enhance their point-of-sale systems, catering to both in-store and online transactions. The move encourages banks to expand their digital payment services, ensuring a competitive edge. As e-commerce companies prioritize the deployment of sophisticated point-of-sale systems, the Middle East and Africa Real-Time Payments Market experiences significant growth spurred by these strategic advancements.

Challenges

Cybersecurity Challenges

The Middle East and Africa Real Time Payments Market is poised for expansion as cybersecurity challenges drive the adoption of advanced technologies. While cyberattacks have historically hindered digital payment growth, the rising use of digital payment technologies amplifies security risks, including cyber theft. In underdeveloped areas, there is a growing apprehension towards digital payments due to concerns about fraudulent apps, reverse engineering, and tampering. Overcoming the challenges is crucial for unlocking the market's full potential.

Impact of Escalating Geopolitical Tensions on Middle East and Africa Real-Time Payments Market

Escalating geopolitical tensions in the Middle East and Africa have significantly impacted the Real Time Payments (RTP) market. Heightened uncertainties and conflicts have disrupted economic activities, hindering the growth of RTP systems. In the Middle East, political instability in countries like Syria and Yemen has impeded the development of robust payment infrastructures. Additionally, incidents such as the Gulf diplomatic crisis and regional power struggles have created an environment of financial insecurity, deterring investments in RTP solutions. In Africa, conflicts in regions like the Sahel and political unrest in countries like Sudan have similarly hampered the advancement of real-time payment technologies. These geopolitical challenges have introduced volatility, regulatory uncertainties, and a reluctance among businesses to adopt and invest in RTP systems, slowing down market expansion.

Middle East and Africa Real Time Payments Market

Segmental Coverage

Middle East and Africa Real Time Payments Market – By Nature of Payment

Based on nature of payment, Middle East and Africa Real Time Payments Market is divided into Person-to-Person (P2P), Person-to-Business (P2B), and Business-to-Person (B2P) segments. The person-to-person (P2P) segment is the largest nature of payment in the Middle East and Africa Real Time Payments Market. The segment involves direct electronic transfers of funds between individuals, facilitating quick and convenient transactions. The P2P segment reflects the region's increasing reliance on real-time payment solutions for personal transactions, emphasizing the growing trend of individuals leveraging digital platforms for seamless financial interactions. The P2B and B2P segments also play crucial roles, but the prominence of P2P transactions highlights the changing dynamics of consumer behavior and the adoption of innovative payment methods in the region.

Middle East and Africa Real Time Payments Market Size

Middle East and Africa Real Time Payments Market – By Component

Based on component, Middle East and Africa Real Time Payments Market is divided into Solutions and Services. The solution segment is further classified into Payment Gateway Solution, Payment Processing Solution, Payment Security and Fraud Management Solution segments. However, the services segment is sub-segmented into Professional Services and Managed Services.

The solution segment includes payment gateway solutions, payment processing solutions, and payment security and fraud management solutions. On the other hand, the services segment is subdivided into professional services and managed services. The solution segment stands out as the largest, offering a comprehensive range of payment-related solutions, including gateway, processing, and security solutions, catering to the dynamic needs of the real-time payments market in the Middle East and Africa.

Middle East and Africa Real Time Payments Market – By Enterprise Size

By enterprise size, Middle East and Africa Real Time Payments Market is divided into Small and Medium-sized Enterprises (SMEs) and Large Enterprises segments. The large enterprises segment stands out as the leading segment, indicating a significant market presence and demand in the category. This suggests that large businesses in the region are actively participating in and driving the real-time payments market, potentially leveraging advanced payment solutions for their operations. The emphasis on the large enterprises segment highlights the substantial impact of real-time payments on the business landscape in the Middle East and Africa.

Middle East and Africa Real Time Payments Market – By Vertical

By verticals, Middle East and Africa Real Time Payments Market is divided into BFSI (Banking, Financial Services, and Insurance), IT & Telecommunications, Retail & e-Commerce, Government, and Energy & Utilities segments. The BFSI (Banking, Financial Services, and Insurance) sector is the largest contributor to the Middle East and Africa Real Time Payments Market. The sector plays a pivotal role in driving the adoption of real-time payments, leveraging technology to enhance financial transactions and services. The BFSI segment's prominence underscores the industry's recognition of the importance of real-time payment solutions in providing efficient and seamless financial transactions for customers.

Middle East and Africa Real Time Payments Market Share

Middle East and Africa Real Time Payments Market – By Country

By country, Middle East and Africa Real Time Payments Market is divided into Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA segments. South Africa stands out as a prominent country, showcasing robust growth and technological advancements. The country's dynamic financial landscape, coupled with a growing demand for real-time payment solutions, positions South Africa as a leading player in the MEA region. The segment's prominence is driven by increasing digitalization, economic development, and a burgeoning population that increasingly relies on efficient and instantaneous payment methods.

Competitive Landscape

Major players in the Middle East and Africa Real Time Payments Market include Network International, PayTabs, MFS Africa, Interswitch, Emirates NBD, Iyzico, and Peach Payments. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million

Market Coverage

Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA

Product/Service Segmentation

Nature of Payment, Components, Deployment Modes, Enterprise Size, Verticals, Country

Key Players

Network International, PayTabs, MFS Africa, Interswitch, Emirates NBD, Iyzico, Peach Payments

 

By Nature of Payment

  • Person-to-Person (P2P)
  • Person-to-Business (P2B)
  • Business-to-Person (B2P)

By Component

  • Solutions
  1. Payment Gateway Solution
  2. Payment Processing Solution
  3. Payment Security and Fraud Management Solution
  • Services
  1. Professional Services
  2. Managed Services
  • By Deployment Mode
  • On-premises
  • Cloud

By Enterprise Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Verticals

  • BFSI (Banking, Financial Services, and Insurance)
  • IT & Telecommunications
  • Retail & e-commerce
  • Government
  • Energy & Utilities

By Country

  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
  • South Africa
  • Nigeria
  • Algeria
  • Rest of MEA
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Middle East and Africa Real Time Payments Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Mobile Phone Penetration
        2. E-commerce Boom
        3. Cash Dependency Reduction
      2. Restraints
        1. Financial Infrastructure Gaps
        2. Cybersecurity Concerns
      3. Opportunities
        1. Micropayments and Digital Currencies
        2. Biometric Authentication
      4. Challenges
        1. Last-Mile Connectivity
        2. Financial Exclusion of Certain Segments
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Middle East and Africa Real Time Payments Market: Marketing Strategies
  5. Middle East and Africa Real Time Payments Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Nature of Payment
        1. Person-to-Person (P2P)
        2. Person-to-Business (P2B)
        3. Business-to-Person (B2P)
      2. By Component
        1. Solutions
          1. Payment Gateway Solution
          2. Payment Processing Solution
          3. Payment Security and Fraud Management Solution
        2. Services
          1. Professional Services
          2. Managed Services
      3. By Deployment Mode
        1. On-premises
        2. Cloud
      4. By Enterprise Size
        1. Small and Medium-sized Enterprises (SMEs)
        2. Large Enterprises
      5. By Vertical
        1. BFSI (Banking, Financial Services, and Insurance)
        2. IT & Telecommunications
        3. Retail & e-Commerce
        4. Government
        5. Energy & Utilities
        6. Others
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. South Africa
        6. Nigeria
        7. Algeria
        8. Rest of MEA
  6. Saudi Arabia Real Time Payments Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Nature of Payment
      2. By Component
      3. By Deployment Mode
      4. By Enterprise Size
      5. By Verticals
  7. UAE Real Time Payments Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Nature of Payment
      2. By Component
      3. By Deployment Mode
      4. By Enterprise Size
      5. By Verticals
  8. Qatar Real Time Payments Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Nature of Payment
      2. By Component
      3. By Deployment Mode
      4. By Enterprise Size
      5. By Verticals
  9. Kuwait Real Time Payments Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Nature of Payment
      2. By Component
      3. By Deployment Mode
      4. By Enterprise Size
      5. By Verticals
  10. South Africa Real Time Payments Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Nature of Payment
      2. By Component
      3. By Deployment Mode
      4. By Enterprise Size
      5. By Verticals
  11. Nigeria Real Time Payments Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Nature of Payment
      2. By Component
      3. By Deployment Mode
      4. By Enterprise Size
      5. By Verticals
  12. Algeria Real Time Payments Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Nature of Payment
      2. By Component
      3. By Deployment Mode
      4. By Enterprise Size
      5. By Verticals
  13. Rest of MEA Real Time Payments Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Nature of Payment
      2. By Component
      3. By Deployment Mode
      4. By Enterprise Size
      5. By Verticals
  14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Real Time Payments Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Real Time Payments Market
  16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Network International
    2. PayTabs
    3. MFS Africa
    4. Interswitch
    5. Emirates NBD
    6. Iyzico
    7. Peach Payments
    8. Other Prominent Players
  17. Key Strategic Recommendations
  18. Research Methodology
    1.   Qualitative Research
      1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.   Breakdown of Primary Research Respondents, By Region
    5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Middle East and Africa Real Time Payments Market Segmentation

Figure 2       Middle East and Africa Real Time Payments Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Middle East and Africa Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Figure 5       Middle East and Africa Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Figure 6       Middle East and Africa Real Time Payments Market Share, By Component, By Value, 2019–2030

Figure 7       Middle East and Africa Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Figure 8       Middle East and Africa Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Figure 9       Middle East and Africa Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Figure 10     Middle East and Africa Real Time Payments Market Share, By Country, By Value, 2019–2030

Figure 11     Saudi Arabia Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Figure 12     Saudi Arabia Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Figure 13     Saudi Arabia Real Time Payments Market Share, By Component, By Value, 2019–2030

Figure 14     Saudi Arabia Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Figure 15     Saudi Arabia Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Figure 16     Saudi Arabia Real Time Payments Market Share, By By Vertical, By Value, 2019–2030

Figure 17     UAE Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Figure 18     UAE Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Figure 19     UAE Real Time Payments Market Share, By Component, By Value, 2019–2030

Figure 20     UAE Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Figure 21     UAE Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Figure 22     UAE Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Figure 23     Qatar Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Figure 24     Qatar Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Figure 25     Qatar Real Time Payments Market Share, By Component, By Value, 2019–2030

Figure 26     Qatar Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Figure 27     Qatar Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Figure 28     Qatar Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Figure 29     Kuwait Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Figure 30     Kuwait Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Figure 31     Kuwait Real Time Payments Market Share, By Component, By Value, 2019–2030

Figure 32     Kuwait Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Figure 33     Kuwait Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Figure 34     Kuwait Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Figure 35     South Africa Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Figure 36     South Africa Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Figure 37     South Africa Real Time Payments Market Share, By Component, By Value, 2019–2030

Figure 38     South Africa Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Figure 39     South Africa Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Figure 40     South Africa Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Figure 41     Nigeria Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Figure 42     Nigeria Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Figure 43     Nigeria Real Time Payments Market Share, By Component, By Value, 2019–2030

Figure 44     Nigeria Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Figure 45     Nigeria Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Figure 46     Nigeria Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Figure 47     Algeria Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Figure 48     Algeria Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Figure 49     Algeria Real Time Payments Market Share, By Component, By Value, 2019–2030

Figure 50     Algeria Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Figure 51     Algeria Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Figure 52     Algeria Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Figure 53     Rest of MEA Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Figure 54     Rest of MEA Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Figure 55     Rest of MEA Real Time Payments Market Share, By Component, By Value, 2019–2030

Figure 56     Rest of MEA Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Figure 57     Rest of MEA Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Figure 58     Rest of MEA Real Time Payments Market Share, By Vertical, By Value, 2019–2030

 

List of Tables

 

Table 1 Middle East and Africa Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Table 2 Middle East and Africa Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Table 3 Middle East and Africa Real Time Payments Market Share, By Component, By Value, 2019–2030

Table 4 Middle East and Africa Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Table 5 Middle East and Africa Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Table 6 Middle East and Africa Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Table 7 Middle East and Africa Real Time Payments Market Share, By Country, By Value, 2019–2030

Table 8 Saudi Arabia Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Table 9 Saudi Arabia Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Table 10      Saudi Arabia Real Time Payments Market Share, By Component, By Value, 2019–2030

Table 11      Saudi Arabia Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Table 12      Saudi Arabia Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Table 13      Saudi Arabia Real Time Payments Market Share, By By Vertical, By Value, 2019–2030

Table 14      UAE Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Table 15      UAE Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Table 16      UAE Real Time Payments Market Share, By Component, By Value, 2019–2030

Table 17      UAE Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Table 18      UAE Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Table 19      UAE Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Table 20      Qatar Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Table 21      Qatar Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Table 22      Qatar Real Time Payments Market Share, By Component, By Value, 2019–2030

Table 23      Qatar Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Table 24      Qatar Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Table 25      Qatar Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Table 26      Kuwait Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Table 27      Kuwait Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Table 28      Kuwait Real Time Payments Market Share, By Component, By Value, 2019–2030

Table 29      Kuwait Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Table 30      Kuwait Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Table 31      Kuwait Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Table 32      South Africa Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Table 33      South Africa Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Table 34      South Africa Real Time Payments Market Share, By Component, By Value, 2019–2030

Table 35      South Africa Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Table 36      South Africa Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Table 37      South Africa Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Table 38      Nigeria Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Table 39      Nigeria Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Table 40      Nigeria Real Time Payments Market Share, By Component, By Value, 2019–2030

Table 41      Nigeria Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Table 42      Nigeria Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Table 43      Nigeria Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Table 44      Algeria Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Table 45      Algeria Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Table 46      Algeria Real Time Payments Market Share, By Component, By Value, 2019–2030

Table 47      Algeria Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Table 48      Algeria Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Table 49      Algeria Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Table 50      Rest of MEA Real Time Payments Market Size, By Value (USD Billion), 2019–2030

Table 51      Rest of MEA Real Time Payments Market Share, By Nature of Payment, By Value, 2019–2030

Table 52      Rest of MEA Real Time Payments Market Share, By Component, By Value, 2019–2030

Table 53      Rest of MEA Real Time Payments Market Share, By Deployment Mode, By Value, 2019–2030

Table 54      Rest of MEA Real Time Payments Market Share, By Enterprise Size, By Value, 2019–2030

Table 55      Rest of MEA Real Time Payments Market Share, By Vertical, By Value, 2019–2030

Table 56      Network International Company Overview

Table 57      Network International Financial Overview

Table 58      PayTabs Company Overview

Table 59      PayTabs Financial Overview

Table 60      MFS Africa Company Overview

Table 61      MFS Africa Financial Overview

Table 62      Interswitch Company Overview

Table 63      Interswitch Financial Overview

Table 64      Emirates NBD Company Overview

Table 65      Emirates NBD Financial Overview

Table 66      Iyzico Company Overview

Table 67      Iyzico Financial Overview

Table 68      Peach Payments Company Overview

Table 69      Peach Payments Financial Overview

Table 70      Other Prominent Players Company Overview

Table 71      Other Prominent Players Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Middle East and Africa Real Time Payments Market size was estimated at USD 29.75 million in 2023.
Ans: Middle East and Africa Real Time Payments Market size is expected to grow at a CAGR of 9.88% during the forecast period between 2024 and 2030.
Ans: Middle East and Africa Real Time Payments Market size is expected to reach a market value of USD 57.51 million by 2030.
Ans: Major factors driving the growth of the Middle East and Africa Real Time Payments Market include changing consumer behavior in digital payments, influenced by trends such as instant payments, digital commerce, cashless economy, mobile banking, and growing adoption of mobile wallets.
Ans: South Africa accounts for the highest market share in the Middle East and Africa Real Time Payments Market.
Ans: The large enterprises segment accounts for a higher market share in the Middle East and Africa Real Time Payments Market by enterprise size.
Ans: The person-to-person (P2P) segment accounts for the highest market share in the Middle East and Africa Real Time Payments Market by nature of payment.
Ans: Key players in the Middle East and Africa Real Time Payments Market include Network International, PayTabs, MFS Africa, Interswitch, Emirates NBD, Iyzico, and Peach Payments.