Mobile payments in 5 countries in Africa and Middle East in 2020, with 2025 forecast

Published by Statista Research Department, May 29, 2024

Mobile payments in Saudi Arabia or the UAE were much smaller in size than, for example, in Kenya in 2020, but are said to increase somewhat faster by 2025. That said, neither country from the Middle East is expected to overtake any of the three African countries listed by the source in terms of mobile payment transaction volume. Part of this, is the head start Kenya especially has: The use of mobile money application M-Pesa, for instance, consistently increased for several years in a row. Indeed, the African continent is viewed as one of the main areas for mobile payment growth as payments run by mobile operators such as Vodafone are viewed as a viable alternative for a population that does not have access to banking services.

Transaction volume of mobile payments in selected countries in Africa and the Middle East in 2020 with a forecast for 2025 (in million U.S. dollars)

Characteristic	2020	2025	CAGR (%)
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

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Release date

July 2021

More information

Region

Africa, MENA

Survey time period

May 2021

Special properties

The source did not provide figures for other countries in the region - such as South Africa; The source excluded P2P wallets or wallets that can only be used on a single website or app."

Supplementary notes

The source explicitly states that "we look (...) only for open wallets, ie those that have the ability to make payments on multiple sites, rather than in reference to an ability to transfer funds between different wallets. Thus we do not focus on transactions conducted via cards stored by a retailer purely for use on that retailer’s website or mobile app."

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