Middle East and Africa Growth
BNPL is also taking off in the Middle East and Africa (MEA). In fact, it’s the region’s fastest growing e-commerce payment method, expanding at 43% CAGR through 2026. Within the Middle East and North Africa (MENA) subregion, 45% of the population is comfortable using BNPL. In the UAE, though it accounted for just 2% of all e-commerce transactions in 2022, usage doubled from 1% the previous year. Saudi Arabia is also projected to grow rapidly at 68% CAGR through 2026. South Africa’s BNPL growth is not far behind, at a CAGR of 63%. Trends The POS loans are gaining popularity across MENA with women and young people, due to low barriers to entry and its stronghold within the retail space. Emerging payment methods across the region are booming on the whole - 85% of consumers in MENA have used at least one. This indicates a receptive market to BNPL and its continued growth. Innovation is also springing from the region, creating solutions to account for religious restrictions on lending and other cultural factors. Biggest Players Carbon | Spotii | Tabby | Tamara | Lipa Later
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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