Middle East & Africa Qr Code Payments Market Size & Outlook
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MEA qr code payments market highlights
- The MEA qr code payments market generated a revenue of USD 1,033.5 million in 2024.
- The market is expected to grow at a CAGR of 19.2% from 2025 to 2033.
- In terms of segment, solution was the largest revenue generating offerings in 2024.
- Services is the most lucrative offerings segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2025 to 2033.
MEA data book summary
| Market revenue in 2024 | USD 1,033.5 million |
| Market revenue in 2033 | USD 4,776.2 million |
| Growth rate | 19.2% (CAGR from 2025 to 2033) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | PaymentCloud, Clover, Revolut, Nearex, ACI Worldwide Inc, Ecentric, Block Inc Class A, UnionPay International, Line Pay, PayPal Holdings Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.2% of the global qr code payments market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 18,915.6 million by 2033.
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QR Code Payments Market Scope
QR Code Payments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Line Pay | View profile | 51-100 | Pathum Wan, Krung Thep, Thailand, Asia | https://line.me/en/pay |
| Ecentric | View profile | 101-250 | Cape Town, NA - South Africa, South Africa, Africa | http://www.ecentric.co.za/ |
| Nearex | View profile | 11-50 | Singapore, Central Region, Singapore, Asia | http://nearex.com/ |
| PaymentCloud | View profile | 51-100 | Encino, California, United States, North America | https://paymentcloudinc.com/ |
| UnionPay International | View profile | 501-1000 | Shanghai, Shanghai, China, Asia | http://www.unionpayintl.com/en |
| Revolut | View profile | 5001-10000 | London, England, United Kingdom, Europe | http://www.revolut.com |
| ACI Worldwide Inc | View profile | 3212 | 6060 Coventry Drive, Elkhorn, NE, United States, 68022 | https://www.aciworldwide.com |
| Clover | View profile | 11-50 | Bengaluru, Karnataka, India, Asia | https://www.clover.ag |
| Block Inc Class A | View profile | 12985 | 1955 Broadway, Suite 600, Oakland, CA, United States, 94612 | https://www.block.xyz |
| PayPal Holdings Inc | View profile | 27200 | 2211 North First Street, San Jose, CA, United States, 95131 | https://www.paypal.com |
Middle East & Africa qr code payments market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to qr code payments market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 77.04% in 2024. Horizon Databook has segmented the Middle East & Africa qr code payments market based on solution, services covering the revenue growth of each sub-segment from 2021 to 2033.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa qr code payments market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa qr code payments market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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MEA qr code payments market size, by country, 2021-2033 (US$M)
Middle East & Africa QR Code Payments Market Outlook Share, 2024 & 2033 (US$M)
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