GCC Digital Payment Market by Product Type, Distribution Channel, End User 2024-2032
                     GCC Digital Payment 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
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A c c o r d i n g  t o  t h e  l a t e s t  r e p o r t  b y  I M A R C  G r o u p ,  t i t l e d  " G C C  D i g i t a l  P a y m e n t  M a r k e t :  I n d u s t r y  
T r e n d s ,  S h a r e ,  S i z e ,  G r o w t h ,  O p p o r t u n i t y  a n d  F o r e c a s t  2 0 2 4 - 2 0 3 2 , "  t h e  G C C  d i g i t a l  p a y m e n t  
m a r k e t  s i z e  i s  e x p e c t e d  t o  e x h i b i t  a  g r o w t h  r a t e  ( C A G R )  o f  1 1 . 7 %  d u r i n g  2 0 2 4 - 2 0 3 2 .
D i g i t a l  p a y m e n t  r e f e r s  t o  t h e  e l e c t r o n i c  t r a n s f e r  o f  m o n e y  f r o m  o n e  p a r t y  t o  a n o t h e r  u s i n g  d i g i t a l  
Report t e c h n o l o g i e s .  T h i s  m e t h o d  o f  p a y m e n t  e l i m i n a t e s  t h e  n e e d  f o r  p h y s i c a l  c a s h  o r  c h e c k s ,  e n a b l i n g  t r a n s a c t i o n s  t h r o u g h  o n l i n e  b a n k i n g ,  m o b i l e  w a l l e t s ,  p a y m e n t  a p p s ,  a n d  c o n t a c t l e s s  p a y m e n t s  v i a  
c a r d s  o r  s m a r t  d e v i c e s .  C o m m o n  p l a t f o r m s  f o r  d i g i t a l  p a y m e n t s  i n c l u d e  P a y P a l ,  A p p l e  P a y ,  
Highlight and G o o g l e  W a l l e t ,  a n d  v a r i o u s  b a n k i n g  a p p s .  D i g i t a l  p a y m e n t s  f a c i l i t a t e  i n s t a n t  t r a n s a c t i o n s ,  w h i c h  a r e  e s s e n t i a l  f o r  e - c o m m e r c e ,  a n d  p r o v i d e  
s e c u r e ,  t r a c e a b l e  r e c o r d s  o f  a l l  t r a n s a c t i o n s .  T h i s  t e c h n o l o g y  a l s o  s u p p o r t s  f i n a n c i a l  i n c l u s i o n  b y  
Description g i v i n g  p e o p l e  w i t h o u t  a c c e s s  t o  t r a d i t i o n a l  b a n k i n g  s e r v i c e s  t h e  a b i l i t y  t o  p a r t i c i p a t e  i n  t h e  d i g i t a l  e c o n o m y .  A d d i t i o n a l l y ,  d i g i t a l  p a y m e n t s  c a n  r e d u c e  t h e  r i s k  o f  t h e f t  a n d  f r a u d  a s s o c i a t e d  
w i t h  c a r r y i n g  c a s h  a n d  s t r e a m l i n e  b u s i n e s s  o p e r a t i o n s  b y  a u t o m a t i n g  p a y m e n t  p r o c e s s e s  a n d  
i m p r o v i n g  c a s h  f l o w  m a n a g e m e n t .  A t  p r e s e n t ,  d i g i t a l  p a y m e n t s  a r e  g a i n i n g  i m m e n s e  t r a c t i o n  
a c r o s s  t h e  G C C  c o u n t r i e s  d u e  t o  t h e i r  c o n v e n i e n c e ,  s p e e d ,  a n d  e n h a n c e d  s e c u r i t y .
R e q u e s t  f o r  a  P D F  s a m p l e  o f  t h i s  r e p o r t :  
h t t p s : / / w w w . i m a r c g r o u p . c o m / g c c - d i g i t a l - p a y m e n t - m a r k e t / r e q u e s t s a m p l e
Report Description
GCC Di g i ta l  Payment  Market  T rends:
The  GCC d ig i t a l  paymen t  marke t  i s  p r imar i l y  d r i ven  by  t he  reg ion 's  h igh  smar t phone  pene t ra t ion  and  in te rne t  usage  
ra tes ,  coup led  w i t h  the  young  and  tech-savvy  popu la t ion ,  wh i ch  a re  fue l ing  t he  adopt ion  o f  d ig i t a l  payment  so lu t i ons .  
Add i t i ona l l y ,  gove rnment  in i t i a t i ves  a imed a t  p romot ing  cash less  t r ansac t ions  and bu i ld ing  d ig i t a l  i n f ras t ruc t u re ,  such  
as  the  i n t roduc t ion  o f  na t iona l  d ig i t a l  paymen t  sys tems  and regu la t o r y  f r ameworks ,  a re  d r i v i ng  marke t  expans ion .  
Moreover ,  t he  coronav i rus  (COVID-19 )  pandemic  has  acce le ra ted  the  sh i f t  t oward  d ig i t a l  paymen ts  as  consumers  and  
bus inesses  pr io r i t i ze  sa fe ty  and conven ience,  lead ing  t o  a  su rge  in  on l ine  shopp ing  and con tac t less  t ransac t ions .  
Apar t  f rom th is ,  t he  r i se  o f  e - commerce  p la t fo rms  and  d ig i t a l  marke t p laces  in  t he  reg ion  has  augmented  t he  demand  
fo r  secu re  and seamless  payment  me thods .  Bes ides  th is ,  t he  emerg ing  t rend  o f  f i nanc ia l  i nc lus ion  and  the  r i se  o f  
f i n tech  s t a r tups  o f fe r i ng  innova t i ve  paymen t  so lu t ions  a re  f u r ther  p rope l l i ng  marke t  g rowth .  Fur t hermore ,  s t r a t eg ic  
pa r t ne rsh ips  be t ween banks ,  payment  serv ice  p rov ide rs ,  and  techno logy  compan ies  a re  d r i v ing  innova t i on  and  
improv ing  the  access ib i l i t y  o f  d ig i t a l  paymen t  se rv ices ,  t hus  s t imu la t ing  marke t  g rowt h .
Vi ew Report  TOC,  F igures and  Tab les :  h t tps: / / www. i marcgroup .com/gcc-d ig i ta l -payment -market
Breakup by Component:
• Solut ions
o Appl icat ion Program Interface
o Payment Gateway
o Payment Processing
o Payment Security and Fraud Management
o
Report Transact ion Risk Management
o Others
Segmentation • Services
o Professional  Services
o Managed Services
 
Breakup by Payment Mode:
• Bank Cards
• Digital  Currencies
• Digital  Wal lets
• Net Banking
• Others
Breakup by Deployment Mode:
• Cloud-based
Report • On-premises
Segmentation
Breakup by End Use Industry:
• BFSI
• Healthcare
• IT and Telecom
• Media and Entertainment
• Retai l  and E-commerce
• Transportation
• Others
Breakup by Region:
• Saudi Arabia
Report • UAE
Segmentation • Qatar
• Bahrain
• Kuwait
• Oman
How has the GCC digital payment market performed so 
far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in 
the GCC digital payment market?
What is the impact of each driver, restraint, and 
Key opportunity on the GCC digital payment market?
Questions What are the key regional markets?
Answered in 
Which countries represent the most attractive GCC 
the Report digital payment market?
What is the breakup of the market based on the 
component?
Which is the most attractive component in the GCC 
digital payment market?
What is the breakup of the market based on the 
payment mode?
Which is the most attractive payment mode in the GCC 
digital payment market?
What is the breakup of the market based on the 
deployment type?
Key Which is the most attractive deployment mode in the GCC digital payment market?
Questions 
What is the breakup of the market based on end use 
Answered in industry?
the Report Which is the most attractive end use industry in the 
GCC digital payment market?
What is the competitive structure of the GCC digital 
payment market?
Who are the key players/companies in the GCC digital 
payment market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4    G C C  D i g i t a l  P a y m e n t  M a r k e t  -  I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     M a r k e t  D y n a m i c s    4 . 3     I n d u s t r y  T r e n d s
    4 . 4     C o m p e t i t i v e  I n t e l l i g e n c e
5    G C C  D i g i t a l  P a y m e n t  M a r k e t  L a n d s c a p e
    5 . 1     H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
    5 . 2     M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6    G C C  D i g i t a l  P a y m e n t  M a r k e t  -  B r e a k u p  b y  C o m p o n e n t
    6 . 1     S o l u t i o n s
        6 . 1 . 1  O v e r v i e w
        6 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 1 . 3  K e y  S e g m e n t
           6 . 1 . 3 . 1  A p p l i c a t i o n  P r o g r a m  I n t e r f a c e
           6 . 1 . 3 . 2  P a y m e n t  G a t e w a y
           6 . 1 . 3 . 3  P a y m e n t  P r o c e s s i n g
           6 . 1 . 3 . 4  P a y m e n t  S e c u r i t y  a n d  F r a u d  M a n a g e m e n t
           6 . 1 . 3 . 5  T r a n s a c t i o n  R i s k  M a n a g e m e n t      
           6 . 1 . 3 . 6  O t h e r s
       
       6 . 1 . 4  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 2     S e r v i c e s
        6 . 2 . 1  O v e r v i e w
        6 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 2 . 3  K e y  S e g m e n t
           6 . 2 . 3 . 1  P r o f e s s i o n a l  S e r v i c e s
           6 . 2 . 3 . 2  M a n a g e d  S e r v i c e s
        6 . 2 . 4  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
7    G C C  D i g i t a l  P a y m e n t s  M a r k e t  -  B r e a k u p  b y  P a y m e n t  M o d e  
    7 . 1     B a n k  C a r d s
        7 . 1 . 1  O v e r v i e w
Table of         7 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    7 . 2     D i g i t a l  C u r r e n c i e s
Contents         7 . 2 . 1  O v e r v i e w        7 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    7 . 3     D i g i t a l  W a l l e t s
        7 . 3 . 1  O v e r v i e w
        7 . 3 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 3 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    7 . 4     N e t  B a n k i n g
        7 . 4 . 1  O v e r v i e w
        7 . 4 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 4 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    7 . 5     O t h e r s
        7 . 5 . 1  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 5 . 2  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /g c c -d ig i t a l - p ay m ent -m a rke t / t o c
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