Payment by card rivaled by cash on delivery and mobile payment in Africa and the Middle East, says new report by yStats.com Though online payments with credit cards are growing in the Middle East and Africa, cash on delivery remains a dominant payment method in many countries of the region. This is one of the findings of a new report by Germany-based secondary market research firm yStats.com. The report, titled “Middle East and Africa Online Payment Methods: Full Year 2015”, also reveals that mobile payments are on the rise across the region. Read more here: https://www.ystats.com/payment-by-card-rivaled-by-cash-on-delivery-and-mobile-payment-in-africa-and-the-middle-east-says-new-report-by-ystats-com/ Find the report here: https://www.ystats.com/product/middle-east-and-africa-online-payment-methods-full-year-2015/

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PRESS RELEASE
Hamburg, March 16th
, 2016
Payment by card rivaled by cash on delivery and mobile payment in Africa and the Middle East,
says new report by yStats.com
Though online payments with credit cards are growing in the Middle East and Africa, cash on delivery remains a
dominant payment method in many countries of the region. This is one of the findings of a new report by Germany-based
secondary market research firm yStats.com. The report, titled “Middle East and Africa Online Payment Methods: Full Year
2015”, also reveals that mobile payments are on the rise across the region.
While credit card is the payment method most used by online shoppers worldwide, in many emerging markets of the Middle
East and Africa cash on delivery is still more popular. In countries such as Egypt, Nigeria, the UAE and Saudi Arabia this method
was used by more than 50% of online shoppers to pay for purchases made over the Internet in 2015, as revealed in a new report by
yStats.com. Nevertheless, there are a few exceptions to this trend, such as in South Africa where the majority of online transactions
were paid with credit or check card. Moreover, in Morocco, the number and value of online payment transactions made with credit
cards is growing rapidly, though cash on delivery still leads in usage.
Another popular alternative to credit card payments in the Middle East and Africa is mobile payment. Low banking
penetration and growing mobile phone penetration rates in Africa are driving the use of this innovative payment method. Kenya is the
regional leader in mobile payments, with mobile payment users accounting for more than two thirds of the country’s population in
2015. Also in Nigeria, payment transactions made with mobile phones were growing at triple-digit rates last year. A number of new
mobile payment solutions were launched in Africa in 2015, including BlackBerry’s BBM and WeChat’s mobile wallet to rival local

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PRESS RELEASE
solutions such as MFS Africa and M-Pesa. In wealthier Middle Eastern states mobile payments are also gaining pace, with more than
half of Internet users surveyed in mid-2015 declaring their readiness to make payments via smartphones, according to the finding cited
in yStats.com’s report.
For further information, see: https://www.ystats.com/wp-content/uploads/2016/03/20160316_Product-Brochure-Order-Form_Middle-East-
Africa-Online-Payment-Methods_Full-Year-2015.pdf
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We
are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading
companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and
timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on
online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce
Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and
journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary
market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.