MEA Real Time Payments Industry Overview
The Middle East & North Africa, the Real-Time payments market is moderately concentrated and dominated by a few major players like Paypal Holdings Inc., Alphabet Inc., ACI Worldwide Inc., Samsung Electronics Inc., and CIB Bank. These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries.
- April 2022 - Maroc, as per its Digital strategy, is planning to establish a leading hub in the field of digital technologies on the African continent by encouraging foreign investments directly in the telecommunications sector, So it can easily accelerate the transformation of digital society.
- June 2021 - South African wireline and wireless telecommunications provider Telkom introduced a virtual card for use on WhatsApp for its digital wallet, Telkom Pay, users and has collaborated with Mastercard, Nedbank, and leading fintech enablement partner Ukheshe Technologies to launch this virtual prepaid card.
MEA Real Time Payments Market Leaders
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Paypal Holdings Inc.
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Samsung Corporation
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ACI Worldwide Inc.
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CIB Bank
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Alphabet Inc.
- *Disclaimer: Major Players sorted in no particular order
