Explosive Growth Expected: GCC Financial Cards & Payments Market to Expand at 11.2% CAGR Through 2030

Banks are providing eco-friendly cards made of recycled materials & promoting paperless statements & digital receipts. Hence, this action underlines the dynamic nature of the GCC Financial Cards & Payments Market, further creating an opportunistic arena.

According to MarkNtel Advisors study, The GCC Financial Cards & Payments Market is projected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024-30.

The growing e-commerce industry across the GCC region has well-supported the Financial Cards & Payments Market over the historical years. The countries, such as the UAE, Saudi Arabia, Qatar, etc., have witnessed a significant surge in online retail sales due to high investments by global retail players in the lucrative market. The countries, including the UAE, Qatar, Kuwait, and Bahrain have almost 100% of the population with internet and mobile phone access.

Due to this, the transactional volume of payments made via financial cards, such as debit cards, prepaid cards, credit cards, etc., has increased considerably. Moreover, the Dubai Chamber of Commerce and Industry forecasts e-commerce to generate USD8 billion in sales by the year 2025. Hence, it is expected that the ever-growing e-commerce market in the region will increase the demand for financial cards and payments in the forecast years.

Download Free Sample Copy @ https://www.marknteladvisors.com/query/request-sample/gcc-financial-cards-payments-market.html

Key Findings in GCC Financial Cards & Payments Market:

Historical Years - 2019-2022

Base Years - 2023

Forecast Years - 2024-2030

Key Report Highlights

· Market Dimensions & Projections

· Pricing Evaluation,

· Recent Strategic Moves by Companies,

· Primary Stakeholders,

· Analysis of Import and Export Trends,

· Competitive Landscape Assessment,

· Emerging Opportunities,

· Market Trends and Indicators

Reports Delivery Format

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

GCC Financial Cards & Payments Market Key Players:

Visa, Mastercard, American Express, Citibank, HSBC, PayPal express checkout, HDFC Bank, Diners Club, Barclays, Hyperpay, Others

Read Full Report @ https://www.marknteladvisors.com/research-library/gcc-financial-cards-payments-market.html

Market Segmentation Overview:

By Type of Card

-Credit Card

-Debit Card

-Charge Card

-Prepaid Card

By Type of Payments

-B2B

-B2C

-C2C

-C2B

--E-Commerce Shopping

--Payments at POS Terminals

--Others

Customer-to-business (C2B) segment witnessed sizeable growth over the historical period. The rising penetration of the internet & smartphones in the GCC region has expanded the scope of financial cards and payments for e-commerce activity. The trend of shopping through e-commerce portals has gained noteworthy traction in countries such as the UAE, Saudi Arabia, Qatar, etc. The rising inclination of consumers towards online shopping as it offers a convenient, enjoyable, and secure digital experience has flourished the adoption of cashless payment methods, such as debit cards, and credit cards, among others.

By Type of Transactions

-Domestic

-Foreign

By Card Issuing Institution

-Banking

-Non-Banking

Request Customization - https://www.marknteladvisors.com/query/request-customization/gcc-financial-cards-payments-market.html

By Region

Saudi Arabia
The UAE
Qatar
Bahrain
Kuwait
Oman

Have an Any Query,

Call Us - US Office: +1 628 895 8081

Email - sales@marknteladvisors.com

Address Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

This release was published on openPR.