Emerging Opportunities in the UAEs Cards and Payments Industry: Market Size, Trends and Drivers,Strategies, Products and C...
Make strategic business decisions using historic and forecast market data related to the UAEs cards andpayments industry a...
3.5.2 Provisions For Use Of Credit Cards3.5.3 Uae Mandates The Use Of Ibans4 Emerging Consumer Attitudes And Trends4.1 Mar...
7.3.1 Analysis By Number Of Cards7.3.2 Analysis By Transaction Value7.3.3 Analysis By Transaction Volume7.3.4 Other Key Pe...
Contact:ResearchMoz90 State Street,Suite 700,Albany NY - 12207United StatesTel: +1-518-618-1030USA - Canada Toll Free 866-...
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UAEs cards and payments industry

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The UAE is an open economy with a high per capita income and annual trade surplus. It is a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al- Khaimah, Sharjah and Umm al-Quwain, formed on December 2, 1971. The government transformed the economy by forming a business environment which directly benefits the economic growth of the country. Such efforts have seen the UAE rapidly emerge as an important hub for international trade, finance and tourism which has attracted large inflows of foreign direct investment (FDI) and expatriate workers. Moreover, successful efforts at economic diversification have reduced the portion of GDP as a proportion of oil and gas output to 25%. The cards and payments industry grew at a CAGR of 7.18% during the review period and was primarily driven by the prepaid card category. It is expected to grow at a CAGR of 5.55% over the forecast period. During the review period, prepaid cards occupied the largest share in the overall cards and payments industry, and recorded a CAGR of 13.33%. Debit cards grew at a CAGR of 8.19% followed by charge cards which grew at a CAGR of 5.62% during the same period. Credit cards grew marginally, at a CAGR of 0.92%.

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UAEs cards and payments industry

  1. 1. Emerging Opportunities in the UAEs Cards and Payments Industry: Market Size, Trends and Drivers,Strategies, Products and Competitive LandscapeSynopsisThe report provides market analysis, information and insights into the UAEs cards and payments industry,including: Current and forecast values for each segment of the UAEs cards and payments industry including debit cards,credit cards, prepaid cards and charge cards Comprehensive analysis of the industrys market attractiveness and future growth areas Analysis of various market drivers and regulations governing the UAEs cards and payments industry Detailed analysis of the marketing strategies adopted for selling prepaid cards used by various bankers andother institutions in the market Comprehensive analysis of consumer attitudes and their buying preferences for cards Competitive landscape of the UAEs cards and payments industrySummaryThe UAE is an open economy with a high per capita income and annual trade surplus. It is a federation ofseven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al- Khaimah, Sharjah and Umm al-Quwain, formedon December 2, 1971. The government transformed the economy by forming a business environment whichdirectly benefits the economic growth of the country. Such efforts have seen the UAE rapidly emerge as animportant hub for international trade, finance and tourism which has attracted large inflows of foreign directinvestment (FDI) and expatriate workers. Moreover, successful efforts at economic diversification havereduced the portion of GDP as a proportion of oil and gas output to 25%. The cards and payments industrygrew at a CAGR of 7.18% during the review period and was primarily driven by the prepaid card category. Itis expected to grow at a CAGR of 5.55% over the forecast period. During the review period, prepaid cardsoccupied the largest share in the overall cards and payments industry, and recorded a CAGR of 13.33%. Debitcards grew at a CAGR of 8.19% followed by charge cards which grew at a CAGR of 5.62% during the sameperiod. Credit cards grew marginally, at a CAGR of 0.92%.Scope This report provides a comprehensive analysis of the UAEs cards and payments industry It provides current values for the UAEs cards and payments industry for 2012 and forecast figures for 2017 It details the different macroeconomic, infrastructural, consumer and business drivers affecting the UAEscards and payments industry It outlines the current regulatory framework in the industry It details the marketing strategies used by various bankers and other institutions It profiles the major banks in the UAEs cards and payments industryReasons To BuyEmerging Opportunities in the UAEs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive L
  2. 2. Make strategic business decisions using historic and forecast market data related to the UAEs cards andpayments industry and each industry within itUnderstand the key market trends and growth opportunities within the UAEs cards and payments industryAssess the competitive dynamics in the UAEs cards and payments industryGain insights into the marketing strategies used for selling various types of cards in the UAEGain insights into key regulations governing the UAEs cards and payments industryKey Highlights The UAEs card industry as a whole grew significantly at a CAGR of 7.18% during the review period,primarily driven by the debit and prepaid card categories. The overall card industry is expected to grow at a CAGR of 5.56% over the forecast period, driven primarilyby the prepaid cards category, which is expected to grow at a CAGR of 9.45%. As banking customers become more sophisticated, banks are looking to differentiate their product offerings,and card customization is gaining attention. Contactless and NFC payments are also being rolled out extensively across the UAE. The growing market for online trade in the UAE is one of the primary factors responsible for the expansion ofthe countrys cards and payments industry.1 Executive Summary2 Market Attractiveness And Future Prospects Of Cards And Payments Industry3 Analysis Of The Uae Cards And Payments Industry Drivers3.1 Infrastructure Drivers3.1.1 Migration To Emv Cards3.1.2 Adaption Of Smart Cards3.1.3 Ict Based Mobile Payments For Government Services3.1.4 Emergence Of Nfc And Contactless Technology3.1.5 Dubai Metro Launches Prepaid Card3.1.6 Innovative Ivestor Prepaid Card3.1.7 Growing Number Of Pos3.1.8 Growing Number Of Atms3.2 Business Drivers3.2.1 Growing Retail Industry3.2.2 Growth In E-commerce3.2.3 Growth In Mobile Commerce3.2.4 Outbound Business And Leisure Travel And Tourism3.3 Other Growth Drivers3.3.1 Consumer Confidence Index3.3.2 Gdp Growth3.3.3 Inflation Rate3.4 Card Fraud Statistics3.5 Regulatory Framework3.5.1 Uae Mandates The Migration To Emv Chip And PinEmerging Opportunities in the UAEs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive L
  3. 3. 3.5.2 Provisions For Use Of Credit Cards3.5.3 Uae Mandates The Use Of Ibans4 Emerging Consumer Attitudes And Trends4.1 Market Segmentation And Targeting4.2 Retail Segment4.2.1 Targeting High Net Worth Individuals (hnwis)4.2.2 Cards Targeted At Niche Segments4.2.3 Cards Targeted At Outbound Leisure Tourists4.3 Corporate Segment4.3.1 Businesses And Departments4.3.2 Cards Offered For Outbound Business Travelers4.4 Consumer Preference4.4.1 Price4.4.2 Services4.4.3 Convenience4.5 Online Buying Behaviour4.6 Preferred Payment Methods5 Competitive Landscape And Industry Dynamics5.1 Market Share Analysis By Payment Channels5.1.1 Overview Of Payment Channels5.1.2 Cards Payments5.1.3 Check Payments5.2 Debit Cards5.2.1 By Bank5.2.2 By Scheme5.3 Credit Cards5.3.1 By Bank5.3.2 By Scheme5.4 Charge Cards6 Strategies Adopted By Key Players6.1 Market Entry Strategies6.2 Marketing And Product Strategy6.2.1 Credit Cards6.2.2 Debit Cards6.2.3 Charge Cards6.3 Pricing Strategies7 Market Size And Growth Potential Of Payment Card Industry7.1 Market Share Analysis By Type Of Card7.2 Total Market Size And Forecast Of Card Industry7.2.1 Analysis By Number Of Cards7.2.2 Analysis By Transaction Value7.2.3 Analysis By Transaction Volume7.3 Debit Card Category Size And ForecastEmerging Opportunities in the UAEs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive L
  4. 4. 7.3.1 Analysis By Number Of Cards7.3.2 Analysis By Transaction Value7.3.3 Analysis By Transaction Volume7.3.4 Other Key Performance Indicators7.4 Prepaid Card Category Size And Forecast7.4.1 Analysis By Number Of Cards7.4.2 Analysis By Segments - Open And Closed-loop Cards7.4.3 Analysis By Transaction Value7.5 Charge Card Market Size And Forecast7.5.1 Analysis By Number Of Cards7.5.2 Analysis By Transaction Value7.5.3 Analysis By Transaction Volume7.5.4 Frequency Of Use7.6 Credit Card Category Size And Forecast7.6.1 Analysis By Number Of Cards7.6.2 Analysis By Transaction Value7.6.3 Analysis By Transaction Volume7.6.4 Other Key Performance Indicators8 Company Profiles, Product, And Marketing Strategies8.1 Abu Dhabi Commercial Bank8.1.1 Strategies8.1.2 Abu Dhabi Commercial Bank Key Financial8.2 Dubai Islamic Bank8.2.1 Strategies8.2.2 Dubai Islamic Bank Key Financial8.3 Emirates National Bank Of Dubai8.3.1 Strategies9 Appendix9.1 Methodology9.2 Contact Us9.3 About Timetric9.3.1 Timetrics Approach9.4 Services9.5 DisclaimerAbout Us:Transparency Market Research is a market intelligence company providing global business informationreports and services. Our exclusive blend of quantitative forecasting and trends analysis providesforward-looking insight for thousands of decision makers. We are privileged with highly experienced team ofAnalysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques togather, and analyze information. Our business offerings represent the latest and the most reliable informationindispensable for businesses to sustain a competitive edge.Emerging Opportunities in the UAEs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive L
  5. 5. Contact:ResearchMoz90 State Street,Suite 700,Albany NY - 12207United StatesTel: +1-518-618-1030USA - Canada Toll Free 866-997-4948Email: sales@researchmoz.usBlog: http://researchmoz.blogspot.com/Website: http://www.researchmoz.us/Emerging Opportunities in the UAEs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive L

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