GCC Payment Gateway Market by Application (Large Enterprises, Micro and Small Enterprises and Mid-Size Enterprises) by Mode of Interaction (Hosted Payment Gateways, Non-Hosted Payment Gateways, Direct Payment Gateways and Platform-Based Payment Gateways): Industry Analysis, Trends, Growth and Forecast 2023-2028

GCC Payment Gateway Market Overview:

The GCC payment gateway market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. A payment gateway facilitates the transaction of payments between numerous e-commerce websites and banks. It encrypts sensitive data, including bank account information and credit card numbers, and protects users from fraudulent entities. It also uses the HTTPS protocol that secures personal data for the submission of the order. It provides the option to make purchases 24x7, eliminating the need for waiting in a long queue. Its benefits include a user-friendly interface, loss and expense management, and time efficiency. As a result, payment gateways find extensive applications in the retail, banking, financial services and insurance (BFSI), and media and entertainment industries across GCC countries.

The GCC payment gateway market is primarily driven by the rising internet penetration and the presence of various service providers. Moreover, payment gateways are gaining popularity among numerous organizations, such as brick-and-mortar stores and online retail platforms, to receive money while protecting sensitive information. In line with this, extensive investments in fintech start-ups based on payment and crowdfunding are positively influencing the market growth. Besides this, the surging adoption of online payment modes, such as credit or debit cards, mobile wallets, and net banking, for money transfers to offer user-friendly methods for in-store purchases is contributing to the market growth. Additionally, there has been a rise in the use of online travel agencies (OTAs) to book flights, cars, tours, cruises, and hotel accommodations. Along with this, the rapid expansion in the travel and tourism industry in the GCC region has catalyzed market growth. Besides this, numerous technological advancements have allowed financial service providers to offer advanced digital services to customers. Furthermore, the rising collaborations of banks with retail vendors to give cashback offers, attract new clients, and retain existing users is another major growth-inducing factor. Other factors, including the expanding broadband or high-speed internet access, the launch of biometric payment cards embedded with fingerprint sensors, advancements in mobile payment technologies, and rising digitization, are also anticipated to drive the market further.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC payment gateway market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC payment gateway market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC payment gateway market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC payment gateway market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC payment gateway market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC payment gateway market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC payment gateway market industry. Furthermore, the value chain analysis of the GCC payment gateway market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Payment Gateway Market Segment Insights:

The GCC payment gateway market has been analysed as followed:

By Application:

  • Large Enterprises
  • Micro and Small Enterprises
  • Mid-Size Enterprises

By Mode of Interaction:

  • Hosted Payment Gateways
  • Non-Hosted Payment Gateways
  • Direct Payment Gateways
  • Platform-Based Payment Gateways

By Country:

  • Saudi Arabia
  • United Arab Emirates
  • Qatar
  • Kuwait
  • Oman
  • Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Payment Gateway Market Report:

  • Historical and current scenario
  • Trends and developments
  • Impact of COVID-19
  • Market forecast
  • Price analysis and forecast
  • Porter’s five forces analysis
  • SWOT analysis
  • Value chain analysis

Report Customisation:

The GCC payment gateway market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs

Purchase Options


Access Tailored Insights Designed for Your BusinessAccess Tailored Insights Designed for Your Business.

Ask For Customization

Personalize this research

Triangulate with your own data

Get data as per your format and definition

Gain a deeper dive on a specific application, geography, customer or competitor

Any level of personalization

Get in Touch

Call us on

US: +1-213-316-7435

Uk: +44-20-8040-3201

Drop us an email at