Cash was the most popular payment method used for Point of Sales (POS) transactions in the Middle East and Africa (MEA) as of 2023, accounting for 35 percent of the total POS payments. In the same year, debit cards and digital/mobile wallets followed with a share of 23 percent and 18 percent, respectively. By 2027, mobile wallets were forecast to overtake cash and become the leading payment method in the region. The use of digital wallets, including mobile money, was the only payment method forecast to increase from 18 percent to 33 percent.
Distribution of payment methods used for Point of Sales (POS) transactions in the Middle East and Africa in 2023 and 2027
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Worldpay. (April 25, 2024). Distribution of payment methods used for Point of Sales (POS) transactions in the Middle East and Africa in 2023 and 2027 [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1270481/distribution-of-pos-payment-methods-in-middle-east-and-africa/
Worldpay. "Distribution of payment methods used for Point of Sales (POS) transactions in the Middle East and Africa in 2023 and 2027." Chart. April 25, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1270481/distribution-of-pos-payment-methods-in-middle-east-and-africa/
Worldpay. (2024). Distribution of payment methods used for Point of Sales (POS) transactions in the Middle East and Africa in 2023 and 2027. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1270481/distribution-of-pos-payment-methods-in-middle-east-and-africa/
Worldpay. "Distribution of Payment Methods Used for Point of Sales (Pos) Transactions in The Middle East and Africa in 2023 and 2027." Statista, Statista Inc., 25 Apr 2024, https://www.statista.com/statistics/1270481/distribution-of-pos-payment-methods-in-middle-east-and-africa/
Worldpay, Distribution of payment methods used for Point of Sales (POS) transactions in the Middle East and Africa in 2023 and 2027 Statista, https://www.statista.com/statistics/1270481/distribution-of-pos-payment-methods-in-middle-east-and-africa/ (last visited November 18, 2024)
Distribution of payment methods used for Point of Sales (POS) transactions in the Middle East and Africa in 2023 and 2027 [Graph], Worldpay, April 25, 2024. [Online]. Available: https://www.statista.com/statistics/1270481/distribution-of-pos-payment-methods-in-middle-east-and-africa/
