The Middle East & North Africa Digital Payments Market is expected to grow at a CAGR of 15.39% over the forecast period (2022-2031). Over time, the digital payment industry has recorded robust growth, with new providers, new platforms, and new payment tools being launched in the region. The growth in mobile phone penetration in the region is anticipated to pave the path for the digital payments market in the region significantly. Additionally, a few of the e-commerce platforms have been collaborating with banks to encourage digital payments. Further, government initiatives promoting the e-commerce platform’s adoption is anticipated to aid the market for digital payments in the region.

Source: The North Africa Journal June 29, 2022 12:45 UTC