Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa: Report
The "Middle East & Africa Online Payment Methods 2020 and COVID-19's Impact" report has been added to ResearchAndMarkets.com's offering.
According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019. The COVID-19 outbreak in early 2020, however, is changing this perspective, with online shopping platforms and regulators encouraging the use of cashless payment means during the pandemic. Their efforts are already showing results, as close to two-thirds of respondents to an April 2020 survey reported having reduced their use of cash since the outbreak. Mobile money, card, and contactless payments are among the payment methods that are benefiting from consumers turning their backs on cash.