177% up to 5BTC + 77 Free Spins!
New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins
Esports has rapidly become a popular form of entertainment in Saudi Arabia, especially among the youth. As the first-ever Esports World Cup begins in Riyadh, PayerMax, a prominent global payment solutions provider, reiterates its dedication to fostering innovation in the Saudi mobile gaming industry.
The mobile gaming market in Saudi Arabia is valued at an impressive $1.8 billion, capturing a substantial 45% share of the entire Middle East and North Africa region. With nearly 67% of the population engaged in gaming, this creates significant opportunities for local and international game developers.
Navigating the complexities of the global gaming market requires a partner offering comprehensive solutions and rich service content. In this context, PayerMax’s role becomes increasingly vital for game companies facing diverse challenges in a heterogeneous market.
PayerMax stands out as the first Asian fintech company to join the Regional Headquarters Programme (RHQ) and secure an RHQ license in Saudi Arabia. Recognizing the importance of secure and convenient payment solutions in the thriving mobile gaming landscape, PayerMax offers tailored solutions for various use scenarios, including in-app purchases, game webshop top-ups, and micro incentives. This support benefits both mobile game developers and enthusiastic Saudi gamers.
“The thriving Esports scene in Saudi Arabia showcases the immense potential of the mobile gaming industry. PayerMax is proud to be a part of this exciting ecosystem. Our innovative payment solutions empower gaming developers to create exceptional gaming experiences while ensuring a smooth and secure experience for gamers in Saudi,” said Wanghu, Co-founder at PayerMax.
During an in-app event for a popular game app, PayerMax’s payment marketing campaign support enabled the developer to double transaction volumes and paying users. The event saw a 153% increase in transaction volume and a 180% rise in successful orders, showcasing the impact of PayerMax’s solutions.
In Saudi Arabia, 32% of gamers are average spenders on mobile games, while 12% are big spenders. The average revenue per user (ARPU) in the Mobile Games market is projected to reach $85.47 in 2024. Payment platforms require region-specific risk control strategies to protect both game companies and end users from fraud.
PayerMax addresses these concerns with a proprietary real-time anti-fraud system that detects abnormal payment behavior and blocks suspicious transactions. Through machine learning models and real-time transaction data analysis, PayerMax intercepts risky trades, ensuring a secure gaming environment.
By streamlining payment processes, PayerMax unlocks the full potential of Saudi Arabia’s mobile gaming market, fostering a vibrant and competitive environment for developers and contributing to the growth of the Esports scene within the Kingdom.