# GCC Payment Service Market

> GCC Payment Service Market Size, Share and Research Report By Service (Professional, Managed, Platform) and By Vertical (BFSI, Retail, Healthcare, Media & Entertainment, Hospitality)- Industry Forecast Till 2035

- **Forecast Period:** 2025 - 2035
- **CAGR:** 20.8%
- **2024:** $ 441.31 Million
- **2025:** $ 533.11 Million
- **2035:** $ 3,529 Million
- **Key Players:** PayPal (US), Square (US), Adyen (NL), Stripe (US), Worldpay (GB), Alipay (CN), WeChat Pay (CN), Visa (US), Mastercard (US)

**Report ID:** MRFR/BS/59615-HCR · **Pages:** 200 · **Author:** Aarti Dhapte · **Last Updated:** April 06, 2026

**URL:** https://www.marketresearchfuture.com/reports/gcc-payment-service-market-61427

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## Market Summary

## **GCC Payment Service Market Overview**

As per MRFR analysis, the GCC Payment Service Market Size was estimated at 365.33 (USD Million) in 2023.The GCC Payment Service Market is expected to grow from 441.31(USD Million) in 2024 to 1,543.9 (USD Million) by 2035. The GCC Payment Service Market CAGR (growth rate) is expected to be around 12.058% during the forecast period (2025 - 2035).

### **Key GCC Payment Service Market Trends Highlighted**

The GCC Payment Service Market has been experiencing a significant transformation driven by various key market drivers. The rapid adoption of digital payment solutions is largely fueled by increasing smartphone penetration and internet accessibility across the Gulf Cooperation Council countries. Governments in the region are actively promoting cashless economies, which is evident in initiatives like Saudi Arabia's Vision 2030 and the UAE's National Payments Strategy. 

These initiatives aim to enhance financial inclusion and diversify national economies by encouraging the use of digital payment platforms. Opportunities to be explored include the growing fintech sector within the GCC, which presents a fertile ground for innovation in payment solutions.New financial technology companies are popping up to meet the changing needs of customers for quick, safe, and easy ways to pay. 

In addition, partnerships between banks and fintech start-ups are making it easier for both consumers and businesses to use more services, which makes transactions go more smoothly. Recent trends show that people are moving toward contactless payments. This is because people want to be safe when they make purchases and because of recent global health concerns. As stores and service providers start using point-of-sale systems that accept contactless payments, people are starting to prefer payment methods that are easier to use.

Additionally, the rise of e-commerce within the GCC, accelerated by the pandemic, has driven demand for diversified payment options, making it essential for businesses to adapt accordingly to capture this growth. Overall, the integration of advanced technologies and regulatory support is setting the stage for notable advancements in the GCC Payment Service Market.

Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review

## **GCC Payment Service Market Drivers**

### **Rapid Digital Transformation in the GCC Region**

The GCC [Payment Service Market](../../../reports/payment-service-market-8020) is experiencing significant growth driven by the rapid digital transformation witnessed across regional economies. Governments in the Gulf Cooperation Council member states, including Saudi Arabia and the UAE, are heavily investing in digital infrastructure as part of their economic diversification strategies, such as Saudi Vision 2030 and the UAE Vision 2021. These initiatives aim to reduce reliance on oil and foster innovation in sectors like fintech and digital payment services.

In a report by the Gulf Cooperation Council Secretariat, it was noted that digital adoption in the region saw a remarkable increase of 70% in the last four years, with internet penetration rates surpassing 99%. This surge is expected to drive a higher demand for sophisticated payment solutions, creating opportunities for key market players like PayFort and Network International to innovate and expand their offerings.

Additionally, a significant shift in consumer behavior, with a 45% increase in online shopping in the last year alone as reported by the Ministry of Commerce and Investment in Saudi Arabia, further underscores the crucial role of digital payment services in catering to the evolving preferences of consumers in the GCC market.

### **Growing E-commerce Market in the GCC**

The GCC Payment Service Market is being propelled by the remarkable growth of the e-commerce sector within the region. A substantial increase in online retail activities has led to a surge in demand for seamless payment solutions. According to the recent statistics from the UAE Ministry of Economy, the e-commerce market in the UAE alone is projected to reach USD 27 billion by 2025, growing at a staggering rate of 23% annually. 

This growth is matched by an increased preference for cashless transactions, compelling payment service providers to adapt and create user-friendly solutions.Major companies like Amazon and Noon have established significant operations in the area, further driving demand for efficient payment systems that enhance customer experience. This trend is expected to continue as consumer comfort with online purchases increases, and as new players enter the market with innovative payment solutions tailored for e-commerce.

### **Government Initiatives Promoting Cashless Transactions**

Government initiatives across GCC countries are significantly promoting the shift towards cashless transactions, a crucial driver for the expansion of the GCC Payment Service Market. Notably, the Central Bank of the UAE has introduced the 'Payments Systems Strategy' designed to encourage electronic payments and enhance the efficiency of the payments ecosystem. 

Additionally, Saudi Arabia's Financial Sector Development Program aims to raise the volume of non-cash transactions to 70% by 2030.Such aggressive targets have cultivated an environment conducive to innovation and growth in [digital payment](../../../reports/digital-payment-market-7572) services. Reports indicate that in Saudi Arabia, cashless transactions increased by 40% in the past year as a direct result of these initiatives, showcasing an industrial transformation aligned with international standards. This shift not only opens the market for local payment providers but also attracts international players looking to establish a foothold in a rapidly changing payment landscape.

### **Increasing Smartphone Penetration and Mobile Wallet Usage**

The surge in smartphone penetration across the GCC region is notably influencing the growth of the GCC Payment Service Market. With smartphone penetration expected to reach over 90% by 2025 in the UAE and Saudi Arabia, as per regional telecommunications authorities, mobile payment solutions are rapidly gaining traction. Major mobile wallet services like Apple Pay, Samsung Pay, and local options such as STC Pay and Beam are witnessing rising adoption rates. A recent survey indicated that 56% of consumers in the GCC now prefer mobile wallets over conventional banking methods for everyday transactions, highlighting a profound shift in payment preferences. 

This transformation is further propelled by the introduction of user-friendly interfaces and enhanced security measures, fostering consumer confidence and encouraging widespread acceptance. As a result, traditional banks are increasingly partnering with fintech startups to offer innovative mobile payment solutions, ultimately creating a vibrant and competitive market landscape.

## **GCC Payment Service Market Segment Insights**

### **Payment Service Market Service Insights**

The Service segment of the GCC Payment Service Market has emerged as a critical component of the financial ecosystem, demonstrating significant growth amid the region's digital transformation. As of 2024, the overall market is poised for remarkable expansion, reflecting trends in technological adoption and a push towards cashless transactions. Within this segment, various categories such as Professional, Managed, and Platform services play vital roles in enhancing payment solutions. Professional services, which include consulting and advisory functions, are increasingly sought after as businesses navigate the complexities of digital payments and compliance with local regulations.

Managed services provide businesses with operational efficiency by outsourcing their payment processing needs, allowing them to focus on core activities, while ensuring security and scalability. In addition, Platform services are becoming paramount due to their ability to integrate multiple payment methods into a single interface, thereby improving the user experience for both merchants and consumers. These services not only facilitate smoother transactions but also help businesses leverage data insights to enhance customer engagement and loyalty.

As the GCC Payment Service Market continues to evolve, the strategic importance of these service offerings will likely intensify, driven by factors such as rapid urbanization, increasing consumer demand for convenience, and government initiatives aimed at promoting digital economies. The market's dynamics reflect the region's aspirations for a diversified economic environment, where payment services are equipped to meet the diverse needs of an increasingly tech-savvy population. 

Furthermore, the GCC region's focus on becoming a global financial hub imposes a responsibility on payment service providers to enhance their offerings, ensuring they meet world standards while also catering to local preferences.As the competition intensifies, companies will need to innovate continuously, making these service divisions crucial for long-term sustainability and growth in this rapidly evolving landscape. Overall, the Service segment within the GCC Payment Service Market is well-positioned to capitalize on emerging trends and address the evolving requirements of businesses and consumers alike.

Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review

### **Payment Service Market Vertical Insights**

The GCC Payment Service Market is experiencing a notable transformation across various verticals, driven by technological advancement and increasing consumer demand for convenience. In this market, the Banking, Financial Services, and Insurance (BFSI) sector is significant, facilitating seamless transactions and enhanced security measures, which assure users amidst rising digital adoption. Retail is another critical sphere benefiting from the surge in e-commerce, as merchants seek efficient payment solutions to streamline operations and improve customer experiences. The Healthcare vertical is also gaining traction, focusing on payment services that enhance billing processes, thereby improving patient satisfaction and administrative efficiency. 

Additionally, the Media and Entertainment segment thrives on robust payment solutions that support subscription models and digital content distribution, catering to a growing audience. Furthermore, the Hospitality sector sees a growth in payment innovations, enabling easier booking, check-in, and customer interactions, which are essential to attracting and retaining clients. Collectively, these sectors represent pivotal areas in the GCC Payment Service Market, highlighting the region's commitment to enhancing digital payment solutions across diverse industries. The surge in demand for integrated payment systems reflects the broader trends within the GCC, which prioritize digital transformation and consumer-centric services.

## **GCC Payment Service Market Key Players and Competitive Insights**

The GCC Payment Service Market has witnessed substantial growth and transformation, driven by rapid technological advancements, a surge in digital financial transactions, and an increasing shift towards cashless economies. As the region continues to embrace digital payment solutions, competition among service providers has intensified, leading to innovative offerings that cater to both consumers and businesses alike. This competitive landscape is characterized by a diverse array of players, each vying for market share while balancing compliance with regulatory frameworks and consumer preferences.

Companies are increasingly leveraging data analytics, artificial intelligence, and blockchain technology to enhance user experiences and streamline operations, thereby positioning themselves strategically within this evolving market.

Emirates Payment Gateways has established itself as a formidable player in the GCC Payment Service Market, enjoying robust market presence and a significant share of the regional payment processing space. The company is noted for its high transaction reliability, user-friendly interfaces, and a broad range of payment solutions tailored to both e-commerce and brick-and-mortar businesses. Its strengths lie not only in its advanced technological infrastructure but also in its comprehensive partnerships with financial institutions and businesses across various sectors, which facilitate seamless transactions and enhance service offerings. 

Emirates Payment Gateways is committed to continuous innovation, enabling it to maintain a competitive edge by adapting quickly to market demands and regulatory changes within the GCC ecosystem. Saudi Payments has carved out a prominent position in the GCC Payment Service Market, distinguished by its suite of comprehensive digital payment solutions designed to meet the evolving needs of consumers and merchants alike. The company offers a diverse range of services, including real-time payments, digital wallet solutions, and integrated payment gateways that streamline transactions for both consumers and businesses.

Its strengths are further enhanced by its focus on security and compliance, ensuring a safe transaction environment that bolsters consumer trust. 

Additionally, Saudi Payments has been active in pursuing strategic mergers and acquisitions, allowing it to expand its service capabilities and penetrate new market segments within the GCC. By partnering with various financial institutions and leveraging cutting-edge technology, Saudi Payments continues to solidify its market presence and enhance its competitive position in a rapidly changing payment landscape.

### **Key Companies in the GCC Payment Service Market Include:**

- Emirates Payment Gateways
- Saudi Payments
- National Commercial Bank
- Bank Muscat
- [HyperPay](https://www.hyperpay.com/payment/)
- Snowdrop Solutions
- Dabbl
- Qatar National Bank
- Network International
- Kuwait Finance House
- PayFort
- Fawry
- CashU
- Tamweelcom
- Al Hilal Bank

### **GCC Payment Service Market Developments**

Recent developments in the GCC Payment Service Market have highlighted significant advancements and shifts. In August 2023, Saudi Payments launched a new digital payment service aimed at enhancing e-commerce transactions, indicating a growing emphasis on digital financial solutions across the region. Additionally, Emirates Payment Gateways has been expanding its portfolio to support contactless payments, catering to the increasing consumer demand for convenience. 

Notably, in September 2023, National Commercial Bank announced a collaboration with HyperPay, enhancing their payment processing capabilities and fostering innovation. In October 2023, Qatar National Bank unveiled a new mobile payment solution, aligning with the GCC's trend towards fintech growth. There have also been notable mergers; Bank Muscat acquired a significant stake in Snowdrop Solutions, aiming to boost its digital service offerings, an acquisition publicly acknowledged in July 2023. 

The valuation of companies within the GCC Payment Service Market reflects this growth, particularly driven by increased digital transaction volumes, expected to rise by over 20% in 2024. Over the past few years, key initiatives have been taken by Fawry and PayFort, significantly transforming the digital landscape within the GCC, with substantial investments reported in November 2022.

## **GCC Payment Service Market Segmentation Insights**

### **Payment Service Market Service Outlook**

- - Professional - Managed - Platform

### **Payment Service Market Vertical Outlook**

- - BFSI - Retail - Healthcare - Media & Entertainment - Hospitality

## Market Drivers

### Increasing Digital Adoption

The rapid digital transformation across the GCC region appears to be a primary driver for the payment service market. With a significant rise in internet penetration, which reached approximately 99% in some GCC countries, consumers are increasingly turning to digital payment solutions. This shift is further supported by the proliferation of smartphones, with mobile device usage surpassing 90% in the region. As businesses adapt to this digital landscape, the payment service market is expected to experience substantial growth, with projections indicating a compound annual growth rate (CAGR) of around 15% over the next five years. The increasing reliance on digital platforms for transactions suggests that the payment service market will continue to expand, driven by consumer demand for convenience and efficiency.

### Rising E-Commerce Activities

The surge in e-commerce activities within the GCC region is significantly influencing the payment service market. With online retail sales projected to reach $28 billion by 2026, the demand for efficient and secure payment solutions is escalating. Consumers are increasingly opting for online shopping, which necessitates the integration of diverse payment methods, including credit cards, e-wallets, and bank transfers. This trend is further supported by the growing number of businesses establishing an online presence, which is likely to drive the adoption of digital payment solutions. As e-commerce continues to flourish, the payment service market is expected to expand, with estimates suggesting a growth rate of approximately 14% over the next few years, reflecting the evolving consumer preferences and shopping behaviors.

### Consumer Demand for Enhanced Security

The growing concern over data security and privacy is emerging as a significant driver in the payment service market. Consumers in the GCC region are increasingly aware of the risks associated with digital transactions, prompting a demand for enhanced security measures. Payment service providers are responding by implementing advanced encryption technologies and multi-factor authentication processes to safeguard sensitive information. This heightened focus on security is not only essential for consumer trust but also for compliance with stringent regulatory requirements. As a result, the payment service market is likely to experience growth, with estimates suggesting an annual increase of approximately 11% as businesses prioritize security features to meet consumer expectations and regulatory standards.

### Government Initiatives and Regulations

Government policies and regulatory frameworks in the GCC region are playing a crucial role in shaping the payment service market. Initiatives aimed at promoting cashless economies, such as the UAE's Vision 2021 and Saudi Arabia's Vision 2030, are fostering an environment conducive to the growth of digital payment solutions. These strategies include the implementation of regulations that enhance security and consumer protection, which are essential for building trust in digital transactions. Furthermore, the Central Bank of Bahrain has introduced regulations to support fintech innovations, indicating a proactive approach to modernizing the payment service market. As these initiatives gain traction, they are expected to drive increased investment and innovation within the sector, potentially leading to a market growth rate of 12% annually.

### Technological Advancements in Payment Solutions

Technological innovations are transforming the payment service market, particularly in the GCC region. The advent of advanced payment technologies, such as artificial intelligence and machine learning, is enhancing transaction security and efficiency. These technologies enable real-time fraud detection and personalized customer experiences, which are becoming increasingly important in a competitive market. Additionally, the integration of biometric authentication methods, such as fingerprint and facial recognition, is gaining traction, further bolstering security measures. As businesses and consumers alike seek more reliable and efficient payment solutions, the market is likely to witness a growth trajectory of around 13% annually, driven by these technological advancements that cater to the evolving needs of users.

## Future Outlook

The payment service market is projected to grow at a 20.8% CAGR from 2025 to 2035, driven by technological advancements, increased digital transactions, and evolving consumer preferences.

**New opportunities:**

- Integration of AI-driven fraud detection systems Expansion of mobile payment solutions in retail Development of blockchain-based payment platforms

By 2035, the market is expected to achieve substantial growth, driven by innovation and consumer demand.

## Segment Insights

### By Service: Managed (Largest) vs. Professional (Fastest-Growing)

In the GCC payment service market, the service segment is prominently dominated by the Managed category, which holds the largest market share. This segment appeals to businesses seeking robust solutions with minimal operational overhead. The Professional service, while smaller in share, is rapidly gaining traction as organizations prioritize customized support and expertise, showcasing its potential to become a significant player in the near future. Growth trends indicate a shift towards more integrated and user-friendly service models. Managed services leverage established infrastructures, driving customer loyalty and satisfaction. However, Professional services are evolving quickly, with clients increasingly recognizing the value of tailored solutions. This rise is fueled by the need for innovative payment processes and the adoption of advanced technologies, positioning Professional services as the fastest-growing segment in this market.

Managed (Dominant) vs. Professional (Emerging)

The Managed service segment is characterized by its scalability and reliability, providing businesses with comprehensive solutions that reduce operational burdens. Clients benefit from seamless integrations and consistent support, making it the preferred choice for enterprises seeking stability. Conversely, the Professional service segment is emerging rapidly, focusing on providing customized solutions and expert guidance. It caters to specific client needs, ensuring a competitive edge in areas where flexibility and specialized knowledge are paramount. While Managed services dominate with established practices, Professional services are marking their presence by tapping into niche markets, driving innovation, and aligning closely with modern payment trends.

### By Vertical: BFSI (Largest) vs. Retail (Fastest-Growing)

In the GCC payment service market, the market share distribution reveals that BFSI stands as the largest segment, capturing a significant portion of transactions, which underscores its established infrastructure and trust among users. Retail follows closely, showcasing a robust market performance driven by increasing consumer spending and the adoption of digital payment solutions. The growth trends indicate that while BFSI maintains dominance due to its foundational role in financial transactions, Retail is poised for rapid expansion. This surge is primarily fueled by the shift towards e-commerce and the growing preference for cashless transactions among consumers. Additionally, the rise of mobile payments and innovative point-of-sale solutions contributes to the Retail sector's rapid growth in the region.

BFSI: Dominant vs. Retail: Emerging

The BFSI segment in the GCC payment service market is characterized by a well-developed ecosystem that integrates traditional banking with modern fintech solutions, ensuring high security and reliability. Its dominance is attributed to a comprehensive range of services including digital wallets and online banking, catering to both retail and corporate clients. On the other hand, the Retail segment is emerging rapidly, driven by changing consumer behaviors and a shift towards omnichannel shopping experiences. This segment embraces innovative payment technologies such as contactless cards and mobile apps, enhancing customer convenience and engagement. As competition intensifies, both segments are adapting to market demands, with BFSI focusing on security and compliance, while Retail emphasizes user experience and accessibility.

## Competitive Benchmarking

The payment service market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and evolving consumer preferences. Key players such as PayPal (US), Stripe (US), and Adyen (NL) are strategically positioning themselves through innovation and regional expansion. PayPal (US) has focused on enhancing its digital wallet capabilities, while Stripe (US) emphasizes seamless integration for businesses, thereby shaping a competitive environment that prioritizes user experience and operational efficiency. Adyen (NL) continues to expand its global footprint, offering a unified commerce solution that appeals to multinational enterprises, thus intensifying competition among these major players.In terms of business tactics, companies are increasingly localizing their services to cater to regional preferences, optimizing their [supply chains](https://www.marketresearchfuture.com/reports/supply-chain-finance-market-24696) to enhance efficiency. The market appears moderately fragmented, with a mix of established players and emerging fintech startups. This structure allows for diverse offerings, yet the collective influence of key players like Visa (US) and Mastercard (US) remains substantial, as they continue to dominate transaction volumes and set industry standards.

In October PayPal (US) announced a strategic partnership with a leading regional bank to enhance its payment processing capabilities in the GCC. This collaboration is expected to streamline cross-border transactions, thereby increasing PayPal's market penetration in the region. Such partnerships are crucial as they not only expand service offerings but also enhance customer trust and reliability in digital payments.

In September Stripe (US) launched a new suite of tools aimed at small and medium-sized enterprises (SMEs) in the GCC, focusing on simplifying payment processing and reducing transaction fees. This initiative is particularly significant as it addresses the needs of a growing segment of the market, potentially increasing Stripe's customer base and reinforcing its competitive edge in a price-sensitive environment.

In August Adyen (NL) expanded its services to include cryptocurrency payment options, responding to the increasing demand for digital currencies in the GCC. This move not only diversifies Adyen's offerings but also positions the company as a forward-thinking leader in the payment service market, appealing to tech-savvy consumers and businesses looking for innovative payment solutions.

As of November the competitive trends in the payment service market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence (AI). Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in enhancing service delivery and customer engagement. Looking ahead, competitive differentiation is likely to evolve from traditional price-based strategies to a focus on innovation, technology, and supply chain reliability, as companies strive to meet the demands of a rapidly changing market.

## Recent News & Developments

Recent developments in the GCC Payment Service Market have highlighted significant advancements and shifts. In August 2023, Saudi Payments launched a new digital payment service aimed at enhancing e-commerce transactions, indicating a growing emphasis on digital financial solutions across the region. Additionally, Emirates Payment Gateways has been expanding its portfolio to support contactless payments, catering to the increasing consumer demand for convenience. 

Notably, in September 2023, National Commercial Bank announced a collaboration with HyperPay, enhancing their payment processing capabilities and fostering innovation. In October 2023, Qatar National Bank unveiled a new mobile payment solution, aligning with the GCC's trend towards fintech growth. There have also been notable mergers; Bank Muscat acquired a significant stake in Snowdrop Solutions, aiming to boost its digital service offerings, an acquisition publicly acknowledged in July 2023. 

The valuation of companies within the GCC Payment Service Market reflects this growth, particularly driven by increased digital transaction volumes, expected to rise by over 20% in 2024. Over the past few years, key initiatives have been taken by Fawry and PayFort, significantly transforming the digital landscape within the GCC, with substantial investments reported in November 2022.

## Report Scope

| MARKET SIZE 2024 | 441.31(USD Million) |
| --- | --- |
| MARKET SIZE 2025 | 533.11(USD Million) |
| MARKET SIZE 2035 | 3529.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 20.8% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Million |
| Key Companies Profiled | PayPal (US), Square (US), Adyen (NL), Stripe (US), Worldpay (GB), Alipay (CN), WeChat Pay (CN), Visa (US), Mastercard (US) |
| Segments Covered | Service, Vertical |
| Key Market Opportunities | Integration of blockchain technology enhances security and efficiency in the payment service market. |
| Key Market Dynamics | Rapid technological advancements and regulatory shifts are reshaping the competitive landscape of payment services. |
| Countries Covered | GCC |

## Frequently Asked Questions

**Q: What was the overall market valuation of the GCC payment service market in 2024?**
A: The overall market valuation was 441.31 USD Million in 2024.

**Q: What is the projected market valuation for the GCC payment service market by 2035?**
A: The projected valuation for 2035 is 3529.0 USD Million.

**Q: What is the expected CAGR for the GCC payment service market during the forecast period 2025 - 2035?**
A: The expected CAGR for the market during the forecast period 2025 - 2035 is 20.8%.

**Q: Which segments contributed to the service market valuation in 2024?**
A: In 2024, the service market segments included Professional at 88.26 USD Million, Managed at 132.39 USD Million, and Platform at 220.66 USD Million.

**Q: What were the key verticals in the GCC payment service market in 2024?**
A: The key verticals included BFSI at 50.0 USD Million, Retail at 100.0 USD Million, and Healthcare at 30.0 USD Million.

**Q: Who are the leading players in the GCC payment service market?**
A: Key players include PayPal, Square, Adyen, Stripe, Worldpay, Alipay, WeChat Pay, Visa, and Mastercard.

**Q: How did the retail sector perform in the GCC payment service market in 2024?**
A: The retail sector achieved a valuation of 100.0 USD Million in 2024.

**Q: What is the projected growth trend for the GCC payment service market?**
A: The market is expected to grow significantly, reaching 3529.0 USD Million by 2035.

**Q: What was the valuation of the healthcare segment in the GCC payment service market in 2024?**
A: The healthcare segment was valued at 30.0 USD Million in 2024.

**Q: How does the performance of the platform segment compare to others in 2024?**
A: The platform segment led with a valuation of 220.66 USD Million, outperforming other service segments.


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