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UAE Cards & Payments Market Next Big Thing | Major Giants Emirates Islamic, Citibank, Mastercard, Visa

Cards & Payments Market

Cards & Payments Market

A new research document is added in HTF MI database of 70 pages, titled as 'UAE Cards & Payments: Opportunities and Risks to 2023' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like UAE and important players/vendors such as Emirates NBD, Dubai Islamic Bank, First Abu Dhabi Bank, ADIB, Emirates Islamic, Abu Dhabi Commercial Bank, RAKBANK, Mashreq Bank, HSBC, Commercial Bank of Dubai, Standard Chartered, Citibank, National Bank of Abu Dhabi, First Gulf Bank, Mastercard, Visa, American Express, Diners Club. The report will help you gain market insights, future trends and growth prospects for forecast period of 2023.

Get Free Sample Report + All Related Graphs & Charts @ https://www.htfmarketreport.com/sample-report/2540649-uae-cards-payments

Summary
UAE Cards & Payments: Opportunities and Risks to 2023

UAE Cards & Payments: Opportunities and Risks to 2023 report provides detailed analysis of market trends in the Emirati cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2015-19e).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.
UAE Cards & Payments: Opportunities and Risks to 2023' report provides top-level market analysis, information and insights into the Emirati cards and payments industry, including -
- Current and forecast values for each market in the Emirati cards and payments industry, including debit, credit, and charge cards.
- Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Emirati cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope
- The UAE government is taking steps to further push the use of electronic payments in the country. One such initiative is the digital payments campaign conducted across October 21-25, 2019. As part of the campaign, 40 governmental and semi-governmental entities and a number of private entities only allowed consumers to make payments for over 1,100 services via mobile apps or web portals, instead of visiting service centers. The government allocated AED1.0m ($0.3m) for the campaign, which was offered as cashback to consumers upon making payments electronically. Earlier in 2017 the government conducted a similar campaign called A Day Without Service Centres.
- Competition in the country's digital banking space is heating up following the launch of several digital-only banks. In 2017, various banks introduced digital-only offerings targeted at tech-savvy millennials in the UAE. The list includes CBD's CBD Now, Emirates NBD's Liv., and Mashreq Bank's Mashreq Neo. To attract new customers, Liv. conducted a campaign from April to August 2019 for customers who used their Liv. app or debit card and signed up for new products. 20 finalists were shortlisted to determine the ultimate winner, who was rewarded with a private island and a AED100,000 cash prize. The bank gained over 44,000 new customers during the promotional period. Banks are also shifting their focus towards SMEs, launching digital-only banks targeted at such businesses. In September 2019, Emirates NBD launched E20, a digital-only bank for entrepreneurs and SMEs. Mashreq Bank also launched digital-only bank NeoBiz for SMEs.
- To boost the e-commerce market, the Dubai eCommerce Strategy was approved by the Dubai Executive Council in September 2019. The strategy aims to increase e-commerce's contribution to the UAE's GDP by attracting more foreign direct investments in the e-commerce sector; reducing the cost of e-commerce operations by 20% (including storage, customs fees, VAT, and transportation); and speeding up customs clearance. Meanwhile, Dubai CommerCity - a joint venture between Dubai Airport Freezone Authority and wasl Asset Management Group - is the UAE's first dedicated e-commerce free zone, designed to provide government, administrative, customs, and logistics services to e-commerce companies. The first phase of the project is set to complete by the end of 2020.

Reasons to buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the Emirati cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Emirati cards and payments industry.
- Assess the competitive dynamics in the Emirati cards and payments industry.
- Gain insights into marketing strategies used for various card types in the UAE.
- Gain insights into key regulations governing the Emirati cards and payments industry.

Companies Mentioned in the Report
Emirates NBD
Dubai Islamic Bank
First Abu Dhabi Bank
ADIB
Emirates Islamic
Abu Dhabi Commercial Bank
RAKBANK
Mashreq Bank
HSBC
Commercial Bank of Dubai
Standard Chartered
Citibank
National Bank of Abu Dhabi
First Gulf Bank
Mastercard
Visa
American Express
Diners Club
....Continued

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2540649-uae-cards-payments

It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.

Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=2540649

Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA - 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com

About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".

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