Hamburg-based leading secondary market research company, yStats.com, reports on the digital payment landscape in Middle East & Africa in their latest publication, �Middle East and Africa Online Payment Methods 2019.� Cash on delivery still prevails among online shoppers in MENA, but the use of cards, digital wallets, and other electronic means are developing, according to this report.
Online shoppers in countries such as Saudi Arabia and the UAE use cash on delivery as their top payment method. Notwithstanding, consumers are adapting more and more to paying online, suggests a survey mentioned in the yStats.com report.
African online shoppers� payment preferences vary
There is a great deal of diversity amidst digital buyers� preferences of payment means in Africa. South Africa is distinct, where most shoppers paying online use credit or debit cards. This is juxtaposed with Egypt, where digital wallets are popular, and then again with Uganda, where mobile money services take the top seat, quotes the yStats.com report.
The ground work is laid for mobile payment growth in the Middle East and Africa
Adoption rates for mobile payment are increasing in the region, compelled by MENA�s mobile wallet usage and Sub-Saharan Africa�s mobile money popularity. The yStats.com publication cites that mobile wallet solutions like Apple Pay and Google Pay are being rolled out in the region, with latest developments in Saudi Arabia and the UAE.
For further information, see: https://www.ystats.com/wp-content/uploads/2019/02/2019.02.20_Product-Brochure-Order-Form_Middle-East-Africa-Online-Payment-Methods-2019.pdf
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Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
