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United Arab Emirates (UAE) Cards and Payments - Opportunities and Risks to 2026

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  • 85 Pages
  • May 2023
  • Region: United Arab Emirates
  • GlobalData
  • ID: 5823108
The publisher's ‘United Arab Emirates (UAE) Cards and Payments - Opportunities and Risks to 2026' 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, cheques and direct debits during the review-period (2018-22e).

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 (2022e-26). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together the publisher's 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.

The 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, and credit cards
  • Detailed insights into payment instruments including cash, cards, credit transfers, cheques, and direct debits It also, includes an overview of the country's key alternative payment instruments
  • Ecommerce 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
  • Comprehensive analysis of consumer attitudes and buying preferences for cards
  • The competitive landscape of the Emirati cards and payments industry


  • The introduction of contactless payments for public transport will further drive payment card growth. In February 2022, Visa partnered with Transport Authority - Government of Ajman to offer contactless Visa card payments for bus fares in the city of Ajman. In addition, Dubai’s Roads and Transport Authority installed contactless POS terminals across its 10,800-strong taxi fleet, enabling consumers to make contactless payments for taxi rides
  • In-store purchases have recovered from the adverse impact of COVID-19. To boost spending, retailers are focusing on offering convenient in-store shopping experiences. In August 2022, Virgin Megastore launched self-checkout stores that allow customers to scan product barcodes via the MishiPay Scan and Go app. Similarly, retail chain Carrefour offers a self-checkout supermarket in Dubai. Consumers need to register via Carrefour’s app and link a payment method to use at the store. While shopping, the store’s surveillance cameras and AI system track any products picked up. The cost of the items is automatically deducted from the linked payment method once the customer exits the store
  • Alternative payment solutions are being introduced in the UAE. Samsung Wallet was launched in the UAE in November 2022. It enables users to make contactless in-store payments while also supporting online payments. Users can store payment card and loyalty card details within the mobile wallet. Users can scan the front of a card with the app or enter the card details manually. To make a payment, users open Samsung Wallet on their mobile phone and select a saved card. Payments can be authenticated by fingerprint on the home menu. As of March 2023, 19 banks and financial institutions support Samsung Wallet, including Emirates NBD, Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), HSBC, and Standard Chartered

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.

Table of Contents

  • Executive Summary
  • Market Overview
  • Payment Instruments
  • Card-Based Payments
  • Ecommerce Payments
  • In-Store Payments
  • Buy Now Pay Later
  • Mobile Payments
  • P2P Payments
  • Bill Payments
  • Alternative Payments
  • Payment Innovations
  • Job Analysis
  • Payment Infrastructure and Regulation
  • Appendix

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Emirates NBD
  • Dubai Islamic Bank
  • FAB
  • ADIB
  • Emirates Islamic
  • ADCB
  • HSBC
  • Mashreq Bank
  • Standard Chartered
  • Commercial Bank of Dubai
  • Citibank
  • Apple Pay
  • Google Pay
  • PayPal
  • Samsung Pay
  • Payit
  • eWallet
  • Noon Pay
  • empay
  • Klip
  • Beam Wallet
  • PayBy
  • Noqodi
  • American Express
  • Visa
  • Mastercard
  • Diners Club.