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POS payment methods in Middle East and Africa 2020-2024

Published by Statista Research Department, Jan 27, 2023
Cash was the most popular payment method used for Point of Sales (POS) transactions in the Middle East and Africa (MEA) as of 2020, accounting for 52.6 percent of the total POS payments. In the same year, credit and debit cards followed with a share of 16.6 percent and 10.6 percent, respectively. By 2024, cash was forecast to remain the leading payment method. The use of digital wallets, including mobile money, would increase significantly, with the share growing from 8.3 percent in 2020 to 16.8 percent in 2024.

Distribution of payment methods used for Point of Sales (POS) transactions in the Middle East and Africa in 2020 and 2024

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Release date

February 2021

Region

Africa, MENA

Survey time period

2020 and 2024

Supplementary notes

* Forecast.

Percentages slightly below or above 100 are due to rounding.

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