Top 10 countries for real-time payments

And people who have been excluded from mainstream financial institutions can easily access crypto platforms, which is likely why other developing countries like Vietnam and Nigeria were also among the top 10 adopters. Where’s the Indian crypto space headed? In spite of an uncertain regulatory environment, investors are still piling into crypto fintechs. Regulatory uncertainty.

As shown in the chart in the Worldwide section, South Africa ranks No. 3, Nigeria No. 4, Egypt No. 7, the UAE No. 9 and Saudi Arabia No. 10. Facebook Is Widely Used by Social Network Users in the Middle East and Africa. Facebook has extraordinarily high penetration among social network users in the Middle East and Africa, at 96.2% in 2019.

TikTok is also making moves in Africa, where it opened a local office in Nairobi, Kenya, in January and has been courting influencers in South Africa and Nigeria, among other countries. Africa’s social network users are very young and mobile-centric, making them a good target for TikTok.

Facebook's strongest areas of growth will be in India, Indonesia, South Africa, Nigeria, the Philippines, Vietnam and Egypt, which have user growth rates above the worldwide average. Facebook Pay.

Four of Facebook’s top five growth markets—Saudi Arabia, Nigeria, Egypt and the United Arab Emirates—are located in the region. The rest of Facebook’s 10 fastest-growing markets are also developing countries: India, Indonesia, Brazil, Vietnam, the Philippines and South Africa. Developed countries in Europe will experience slower growth.