POS payment methods in Middle East and Africa 2020-2024
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.