Payment Gateway is a technology used by merchants to accept debit and credit card payments and online purchases from customers. Both regions have been heavily dependent on cash for decades. Changing people's preferences for online trading systems, increasing demand for mWallets, increasing Internet penetration coupled with an increasing young population, increasing people's disposable income, and increasing government initiatives to support cashless transactions. This is part of the main driver of the MEA online payment gateway market. In addition, the recent outbreak of COVID 19 in has accelerated the adoption of digital payments among 4,444 people in the region, accelerating the growth of the online payment gateway market.
Posted on 05/18/22
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