The GCC mobile payment market size reached USD 52.6 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 243.2 Billion by 2034, exhibiting a growth rate (CAGR) of 18.0% during 2026-2034.
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Report Attribute
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Key Statistics
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Base Year
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2025
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Forecast Years
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2026-2034
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Historical Years
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2020-2025
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Market Size in 2025
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USD 52.6 Billion |
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Market Forecast in 2034
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USD 243.2 Billion |
| Market Growth Rate 2026-2034 | 18.0% |
Mobile payment aids in transferring funds using a smartphone and internet connection. During the transaction, a code is generated and sent over the air (OTA) or manually by the user. As a result, mobile payment is relatively more secure, convenient and easy to use than conventional methods. At present, the rising sales of smartphones and the increasing penetration of the internet are positively influencing the demand for mobile payment services in the GCC region.

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The increasing adoption of contactless payment services, on account of the sudden outbreak of the coronavirus disease (COVID-19), represents one of the significant factors impelling the market growth in the GCC region. Moreover, with the rising number of expatriate workers, the demand for mobile payment is escalating in the region as it reduces the time and saves costs for conducting cross-border payments. Apart from this, several companies are collaborating with financial institutions to transfer salary to their employees via mobile payment solutions. For instance, Ooredoo QSC, a telecommunication company, collaborated with Qatar National Bank (QNB) to offer a hassle-free way of disbursing salaries to their employees while reducing accounting and administration costs.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC mobile payment market report, along with forecasts at the regional and country level from 2026-2034. Our report has categorized the market based on mode of transaction and application.
Breakup by Mode of Transaction:
Breakup by Application:

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Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2025 |
| Historical Period | 2020-2025 |
| Forecast Period | 2026-2034 |
| Units | Billion USD |
| Segment Coverage | Mode of Transaction, Application, Country |
| Countries Covered | Saudi Arabia, UAE, Qatar, Bahrain, Oman, Kuwait |
| Customization Scope | 10% Free Customization |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report: