Apple Pay Targets Middle East Markets Starting with Saudi Arabia

Apple Pay Targets Middle East Markets Starting with Saudi Arabia

Apple continues the rollout of its Apple Pay digital wallet service around the world, launching in Saudi Arabia in February, marking its 34th market.

In Saudi Arabia, Apple Pay initially launched with support for the Saudi Payments Network (MADA), Alinma Bank, Al Rajhi Bank, Bank Aljazira, the National Commercial Bank and Riyad Bank. The digital wallet also works with any payments card on the VISA and Mastercard network.


Apple’s regional Apple Pay webpage lists more than 40 brick-and-mortar stores offering support for Apple Pay transactions, including large chains like Carrefour, Krispy Kreme, IHOP, McDonald’s, Swarovski, Zara and more. Apple features another 28 retailers that accept Apple Pay for in-app payments.

Apple Pay launches in Saudi Arabia, tweet by @Abdulhadi_AA

Apple Pay launches in Saudi Arabia, tweet by @Abdulhadi_AA

Apple Pay in the Middle East

Apple Pay platform

Apple Pay platform

Saudi is the second country in the Middle East and North Africa (MENA) region after the United Arab Emirates (UAE) to get Apple Pay. Saudi Arabia and the United Arab Emirates (UAE) are currently the most important markets for mobile payments in the Middle East.

Saudi Arabia records a 72.8% smartphone penetration rate and a 59.2% Internet penetration rate, according to Paymentwall. Mobile payments and digital wallet transactions currently accounts for 8% and 2% of Saudi Arabia’s payments landscape, respectively, but strong growth is expected in the near future.

Mobile payments transactions value in Saudi Arabia accounted for US$136 million in 2016, and the figure is expected to rise to US$1.9 billion million by 2021 at a CAGR of 69.5%. The number of users is likely to reach 2.7 million during same period, according to PayNXT360.

The mobile payment industry in the UAE is expected to record a CAGR of 12.7% to reach US$11.1 billion by 2025. The industry has recorded strong growth in recent years supported by policy reforms and innovation from key players such as Samsung Pay, Apple Pay, Mashreq Pay, FAB Payit, and Emirates NBD Pay. Contactless payments have posted strong growth in the UAE, accounting for about 10-13% of total payments of key players, according to

Apple Pay was launched in the UAE in October 2017. It is currently supported by Abu Dhabi Commercial Bank, Emirates Islamic (Visa credit, debit, and prepaid cards), Emirates NBD, HSBC (Visa and Mastercard credit and debit cards), mashreq, RAKBANK (Mastercard credit, debit, and prepaid cards), Sharjah Islamic Bank, and Standard Chartered Bank.

Apple Pay is a mobile wallet by Apple that allows users to make payments in person, in iOS apps, and on the web. The service digitizes and can replace a credit or debit card chip and PIN transaction at a contactless-capable point-of-sale (POS) terminal.

Apple Pay is supported on the iPhone, Apple Watch, iPad and Mac. It lets Apple devices wirelessly communicate with point-of-sale (POS) systems by using a near field communication (NFC) antenna.

Apple Pay was launched in the US in 2014 and has since expanded to major countries around the world, including major markets like Australia, Canada, China, Hong Kong, Japan, Russia and the UK.

Apple Pay is conceptually similar to Ant Financial’s Alipay, Tencent’s WeChat Pay, and PayPal, because it overlays traditional card payment methods. Competing services available in the Middle East include Google Pay and Samsung Pay, as well local players Beam Wallet, Bridg and Trriple Payments.

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