Physical credit cards were used significantly more for e-commerce than in-store payments in selected countries in Africa and the Middle East in 2023. This popularity is somewhat surprising when compared to the relatively low penetration rates for credit cards within countries in the region. Religious concerns initially made it difficult for credit cards to find acceptance in Africa and the Middle East. Banks tried to change this, both by creating Shariah-compliant cards as well as offering rewards programs or discounts. Islamic finance is especially large in Saudi Arabia, owning nearly one third of Islamic banking assets.
Market share of credit cards in total value of e-commerce and point of sale (POS) payments in the Middle East and Africa (MEA) in 2023, by country
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Worldpay. (March 21, 2024). Market share of credit cards in total value of e-commerce and point of sale (POS) payments in the Middle East and Africa (MEA) in 2023, by country [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/1394467/mea-share-of-credit-card-payments-by-country/
Worldpay. "Market share of credit cards in total value of e-commerce and point of sale (POS) payments in the Middle East and Africa (MEA) in 2023, by country." Chart. March 21, 2024. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/1394467/mea-share-of-credit-card-payments-by-country/
Worldpay. (2024). Market share of credit cards in total value of e-commerce and point of sale (POS) payments in the Middle East and Africa (MEA) in 2023, by country. Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/1394467/mea-share-of-credit-card-payments-by-country/
Worldpay. "Market Share of Credit Cards in Total Value of E-commerce and Point of Sale (Pos) Payments in The Middle East and Africa (Mea) in 2023, by Country." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1394467/mea-share-of-credit-card-payments-by-country/
Worldpay, Market share of credit cards in total value of e-commerce and point of sale (POS) payments in the Middle East and Africa (MEA) in 2023, by country Statista, https://www.statista.com/statistics/1394467/mea-share-of-credit-card-payments-by-country/ (last visited November 09, 2024)
Market share of credit cards in total value of e-commerce and point of sale (POS) payments in the Middle East and Africa (MEA) in 2023, by country [Graph], Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1394467/mea-share-of-credit-card-payments-by-country/
