B2B payments in the Middle East and Africa combined are projected to reach 54 billion USD by 2021, and forecasts say it will continue to grow up until 2030. This is according to a research calculation that starts off in 2021 and models the future growth of business-to-business transactions within the country. The MEA B2B payments market value could reach 122 billion U.S. dollars by 2030, for an estimated 9.5 percent CAGR (2021-2030). The source does not provide further figures on specific B2B categories, such as cross-border payments. Cross-border payment services - which includes B2B - in Europe, the Middle East, and Africa (EMEA) was said to be around 64 billion U.S. dollars in 2022.
Total B2B payments market size in the Middle East and Africa (MEA) in 2021, with a forecast for 2030
(in billion U.S. dollars)
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Straits Research. (May 26, 2023). Total B2B payments market size in the Middle East and Africa (MEA) in 2021, with a forecast for 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 16, 2024, from https://www.statista.com/statistics/1448831/b2b-payments-value-in-middle-east-africa/
Straits Research. "Total B2B payments market size in the Middle East and Africa (MEA) in 2021, with a forecast for 2030 (in billion U.S. dollars)." Chart. May 26, 2023. Statista. Accessed November 16, 2024. https://www.statista.com/statistics/1448831/b2b-payments-value-in-middle-east-africa/
Straits Research. (2023). Total B2B payments market size in the Middle East and Africa (MEA) in 2021, with a forecast for 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 16, 2024. https://www.statista.com/statistics/1448831/b2b-payments-value-in-middle-east-africa/
Straits Research. "Total B2b Payments Market Size in The Middle East and Africa (Mea) in 2021, with a Forecast for 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 May 2023, https://www.statista.com/statistics/1448831/b2b-payments-value-in-middle-east-africa/
Straits Research, Total B2B payments market size in the Middle East and Africa (MEA) in 2021, with a forecast for 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1448831/b2b-payments-value-in-middle-east-africa/ (last visited November 16, 2024)
Total B2B payments market size in the Middle East and Africa (MEA) in 2021, with a forecast for 2030 (in billion U.S. dollars) [Graph], Straits Research, May 26, 2023. [Online]. Available: https://www.statista.com/statistics/1448831/b2b-payments-value-in-middle-east-africa/
