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Country Report

Credit Card Transactions in

Credit Cards in the United Arab Emirates

Nov 2020

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Restrictions on retail and travel hit credit card transactions

In 2020, credit card payments have been hit hard by severe restrictions on the operations of the travel and retail sectors during the COVID-19 lockdown and, in the case of travel, over an extended period. These are key sectors for credit card payments, so these restrictions have led to a fall in overall credit card payments despite a rise in online purchases and a shift towards online payments rather than cash on delivery.

Merchants continue to explore loyalty potential of co-branded credit cards

Co-branded credit cards have suffered markedly from the impact of COVID-19 on the travel and hospitality sectors. However, many merchants have explored the potential for co-branded credit cards to strengthen consumer loyalty, especially in segments such as grocery retailers.

Mastercard raises the limit on contactless payments

Visa remains the largest operator in credit cards thanks to its ever stronger relationships with the leading local banks in the United Arab Emirates. Visa has increased its focus on developing mobile financial services, and a great number of these services include developing payment capabilities for local issuers as well as merchants.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in United Arab Emirates with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Credit Card Transactions industry in United Arab Emirates, our research will save you time and money while empowering you to make informed, profitable decisions.

The Credit Card Transactions in United Arab Emirates market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Credit Card Transactions in United Arab Emirates?
What are the major operators and issuers in United Arab Emirates?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Credit Card Transactions in United Arab Emirates, originate from our database within our Consumer Finance market share and market size database

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Charge Cards in the United Arab Emirates - Category analysis

Charge Cards in the United Arab Emirates - Company Profile

KEY DATA FINDINGS

2020 IMPACT

COVID-19 exacerbates challenges facing charge cards

Commercial charge cards hit hard

American Express faces major challenges in charge cards

RECOVERY AND OPPORTUNITIES

Short-lived revival

Challenging environment for commercial charge cards

Sharia-compliant interest-free transactions provide distinctive positioning

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2015-2020
Table 2 Charge Cards Transactions 2015-2020
Table 3 Charge Cards in Circulation: % Growth 2015-2020
Table 4 Charge Cards Transactions: % Growth 2015-2020
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2015-2020
Table 6 Commercial Charge Cards Transactions 2015-2020
Table 7 Commercial Charge Cards in Circulation: % Growth 2015-2020
Table 8 Commercial Charge Cards Transactions: % Growth 2015-2020
Table 9 Personal Charge Cards: Number of Cards in Circulation 2015-2020
Table 10 Personal Charge Cards Transactions 2015-2020
Table 11 Personal Charge Cards in Circulation: % Growth 2015-2020
Table 12 Personal Charge Cards Transactions: % Growth 2015-2020
Table 13 Charge Cards: Number of Cards by Issuer 2015-2019
Table 14 Charge Cards: Number of Cards by Operator 2015-2019
Table 15 Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 16 Charge Cards Payment Transaction Value by Operator 2015-2019
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2015-2019
Table 18 Commercial Charge Cards: Number of Cards by Operator 2015-2019
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019
Table 21 Personal Charge Cards: Number of Cards by Issuer 2015-2019
Table 22 Personal Charge Cards: Number of Cards by Operator 2015-2019
Table 23 Personal Charge Cards Transaction Value by Issuer 2015-2019
Table 24 Personal Charge Cards Transaction Value by Operator 2015-2019
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
Table 26 Forecast Charge Cards Transactions 2020-2025
Table 27 Forecast Charge Cards in Circulation: % Growth 2020-2025
Table 28 Forecast Charge Cards Transactions: % Growth 2020-2025
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025
Table 30 Forecast Commercial Charge Cards Transactions 2020-2025
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025
Table 34 Forecast Personal Charge Cards Transactions 2020-2025
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2020-2025

Credit Cards in the United Arab Emirates - Category analysis

Credit Cards in the United Arab Emirates - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Restrictions on retail and travel hit credit card transactions

Merchants continue to explore loyalty potential of co-branded credit cards

Mastercard raises the limit on contactless payments

RECOVERY AND OPPORTUNITIES

Ongoing development of e-commerce to support growth

Credit cards have potential for significant role in merchants’ recovery strategies

Consumer budget-consciousness generating demand for additional features on basic credit cards

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2015-2020
Table 38 Credit Cards Transactions 2015-2020
Table 39 Credit Cards in Circulation: % Growth 2015-2020
Table 40 Credit Cards Transactions: % Growth 2015-2020
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
Table 42 Commercial Credit Cards Transactions 2015-2020
Table 43 Commercial Credit Cards in Circulation: % Growth 2015-2020
Table 44 Commercial Credit Cards Transactions: % Growth 2015-2020
Table 45 Personal Credit Cards: Number of Cards in Circulation 2015-2020
Table 46 Personal Credit Cards Transactions 2015-2020
Table 47 Personal Credit Cards in Circulation: % Growth 2015-2020
Table 48 Personal Credit Cards Transactions: % Growth 2015-2020
Table 49 Credit Cards: Number of Cards by Issuer 2015-2019
Table 50 Credit Cards: Number of Cards by Operator 2015-2019
Table 51 Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 52 Credit Cards Payment Transaction Value by Operator 2015-2019
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
Table 54 Commercial Credit Cards: Number of Cards by Operator 2015-2019
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
Table 57 Personal Credit Cards: Number of Cards by Issuer 2015-2019
Table 58 Personal Credit Cards: Number of Cards by Operator 2015-2019
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
Table 62 Forecast Credit Cards Transactions 2020-2025
Table 63 Forecast Credit Cards in Circulation: % Growth 2020-2025
Table 64 Forecast Credit Cards Transactions: % Growth 2020-2025
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 66 Forecast Commercial Credit Cards Transactions 2020-2025
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 70 Forecast Personal Credit Cards Transactions 2020-2025
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2020-2025

Debit Cards in the United Arab Emirates - Category analysis

Debit Cards in the United Arab Emirates - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Increase in number of debit cards

Digital banking products prove increasingly popular

Visa playing important role in driving digitalisation

RECOVERY AND OPPORTUNITIES

Expat exodus could have a negative impact on debit cards

Continued shift to contactless debit cards

Supplementary cards making debit cards important to the unbanked population

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2015-2020
Table 74 Debit Cards Transactions 2015-2020
Table 75 Debit Cards in Circulation: % Growth 2015-2020
Table 76 Debit Cards Transactions: % Growth 2015-2020
Table 77 Debit Cards: Number of Cards by Issuer 2015-2019
Table 78 Debit Cards: Number of Cards by Operator 2015-2019
Table 79 Debit Cards Payment Transaction Value by Issuer 2015-2019
Table 80 Debit Cards Payment Transaction Value by Operator 2015-2019
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
Table 82 Forecast Debit Cards Transactions 2020-2025
Table 83 Forecast Debit Cards in Circulation: % Growth 2020-2025
Table 84 Forecast Debit Cards Transactions: % Growth 2020-2025

Pre-Paid Cards in the United Arab Emirates - Category analysis

Pre-Paid Cards in the United Arab Emirates - Company Profile

KEY DATA FINDINGS

2020 IMPACT

COVID-19 has marked impact on both open loop and closed loop pre-paid cards

Pre-paid cards affected by COVID-19’s impact on key consumer group

Demand for contactless pre-paid cards

RECOVERY AND OPPORTUNITIES

Job losses and increase in remittances set to constrain development of pre-paid cards

COVID-19’s impact on business set to undermine development of cards designed for international travel

Opportunities for innovation

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2015-2020
Table 86 Pre-paid Cards Transactions 2015-2020
Table 87 Pre-paid Cards in Circulation: % Growth 2015-2020
Table 88 Pre-paid Cards Transactions: % Growth 2015-2020
Table 89 Closed Loop Pre-paid Cards Transactions 2015-2020
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 91 Open Loop Pre-paid Cards Transactions 2015-2020
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 93 Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 94 Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 95 Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 96 Pre-paid Cards Transaction Value by Operator 2015-2019
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 106 Forecast Pre-paid Cards Transactions 2020-2025
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025

Store Cards in the United Arab Emirates - Category analysis

Store Cards in the United Arab Emirates - Company Profile

NO PRESENCE IN THE UNITED ARAB EMIRATES

Financial Cards and Payments in the United Arab Emirates - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Contrasting forces at work on financial cards in 2020

Significant developments in digital arena

Leaders continue to develop digital offer

What next for consumer payments?

MARKET INDICATORS

Table 113 Number of POS Terminals: Units 2015-2020
Table 114 Number of ATMs: Units 2015-2020
Table 115 Value Lost to Fraud 2015-2020
Table 116 Card Expenditure by Location 2020
Table 117 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
Table 118 Domestic versus Foreign Spend 2020

MARKET DATA

Table 119 Financial Cards by Category: Number of Cards in Circulation 2015-2020
Table 120 Financial Cards by Category: Number of Accounts 2015-2020
Table 121 Financial Cards Transactions by Category: Value 2015-2020
Table 122 Financial Cards by Category: Number of Transactions 2015-2020
Table 123 Consumer Payments by Category: Value 2015-2020
Table 124 Consumer Payments by Category: Number of Transactions 2015-2020
Table 125 M-Commerce by Category: Value 2015-2020
Table 126 M-Commerce by Category: % Value Growth 2015-2020
Table 127 Financial Cards: Number of Cards by Issuer 2015-2019
Table 128 Financial Cards: Number of Cards by Operator 2015-2019
Table 129 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
Table 130 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
Table 131 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 132 Forecast Financial Cards by Category: Number of Accounts 2020-2025
Table 133 Forecast Financial Cards Transactions by Category: Value 2020-2025
Table 134 Forecast Financial Cards by Category: Number of Transactions 2020-2025
Table 135 Forecast Consumer Payments by Category: Value 2020-2025
Table 136 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
Table 137 Forecast M-Commerce by Category: Value 2020-2025
Table 138 Forecast M-Commerce by Category: % Value Growth 2020-2025

Megatrends

Country Report

Credit Cards in the United Arab Emirates

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Restrictions on retail and travel hit credit card transactions

Merchants continue to explore loyalty potential of co-branded credit cards

Mastercard raises the limit on contactless payments

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in the United Arab Emirates - Category analysis

Charge Cards in the United Arab Emirates - Company Profile

KEY DATA FINDINGS

2020 IMPACT

COVID-19 exacerbates challenges facing charge cards

Commercial charge cards hit hard

American Express faces major challenges in charge cards

RECOVERY AND OPPORTUNITIES

Short-lived revival

Challenging environment for commercial charge cards

Sharia-compliant interest-free transactions provide distinctive positioning

CATEGORY DATA

Credit Cards in the United Arab Emirates - Category analysis

Credit Cards in the United Arab Emirates - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Restrictions on retail and travel hit credit card transactions

Merchants continue to explore loyalty potential of co-branded credit cards

Mastercard raises the limit on contactless payments

RECOVERY AND OPPORTUNITIES

Ongoing development of e-commerce to support growth

Credit cards have potential for significant role in merchants’ recovery strategies

Consumer budget-consciousness generating demand for additional features on basic credit cards

CATEGORY DATA

Debit Cards in the United Arab Emirates - Category analysis

Debit Cards in the United Arab Emirates - Company Profile

KEY DATA FINDINGS

2020 IMPACT

Increase in number of debit cards

Digital banking products prove increasingly popular

Visa playing important role in driving digitalisation

RECOVERY AND OPPORTUNITIES

Expat exodus could have a negative impact on debit cards

Continued shift to contactless debit cards

Supplementary cards making debit cards important to the unbanked population

CATEGORY DATA

Pre-Paid Cards in the United Arab Emirates - Category analysis

Pre-Paid Cards in the United Arab Emirates - Company Profile

KEY DATA FINDINGS

2020 IMPACT

COVID-19 has marked impact on both open loop and closed loop pre-paid cards

Pre-paid cards affected by COVID-19’s impact on key consumer group

Demand for contactless pre-paid cards

RECOVERY AND OPPORTUNITIES

Job losses and increase in remittances set to constrain development of pre-paid cards

COVID-19’s impact on business set to undermine development of cards designed for international travel

Opportunities for innovation

CATEGORY DATA

Store Cards in the United Arab Emirates - Category analysis

Store Cards in the United Arab Emirates - Company Profile

NO PRESENCE IN THE UNITED ARAB EMIRATES

Financial Cards and Payments in the United Arab Emirates - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Contrasting forces at work on financial cards in 2020

Significant developments in digital arena

Leaders continue to develop digital offer

What next for consumer payments?

MARKET INDICATORS

MARKET DATA

DISCLAIMER