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Country Report

Credit Card Transactions in

Credit Cards in the United Arab Emirates

Nov 2019

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!

PROSPECTS

Rewards helping to promote credit card usage

With reward platforms becoming increasingly competitive, banks are offering innovative products and working more closely with merchant partners. Most credit cards come with a predesigned rewards structure and offer cashback, miles or loyalty reward points that can be redeemed at various partner outlets for lifestyle, shopping, dining, travel, entertainment and other purchases.

E-commerce and digitisation drive credit card spend

With one of the highest internet and mobile penetration rates in the region, consumers in the United Arab Emirates are increasingly tech-savvy and are keen adopters of new technology. Consumers also have confidence in sharing information online and using online payment platforms.

Al Etihad Credit Bureau offering its services via a mobile app

Al Etihad Credit Bureau (AECB) is a federal government organisation that was set up to collect data on consumer credit and limit credit risk exposure for banks, with banks now actively using credit reports by AECB. The AECB credit reports and credit scores are also now available through its dedicated mobile application, which also come at a 20% discount on the prices of digital services.

COMPETITIVE LANDSCAPE

First Abu Dhabi Bank and Mashreq Bank the leading credit card issuers

First Abu Dhabi Bank, which was established when National Bank of Abu Dhabi and First Gulf Bank merged to form the biggest bank in the United Arab Emirates, leads in terms of cards in circulation. First Abu Dhabi Bank is offering credit consolidation to customers who want to close the multiple active credit cards they have and replace them with a single card.

Visa and Mastercard developing new payment technology

Visa continues to lead in credit cards thanks to its ever strengthening 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.

India’s RuPay payment network begins issuing cards in the United Arab Emirates

Indian player RuPay began operating in the United Arab Emirates in mid-2019. RuPay, India’s home-grown payment network, is looking to expand its global footprint, with the United Arab Emirates being the third international market it has entered in 2019, after Bhutan and Singapore.

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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

HEADLINES

PROSPECTS

Charge card numbers and transactions to continue declining over the forecast period

Commercial charge cards continue to face challenges

Introduction of VAT a further blow to personal charge cards

COMPETITIVE LANDSCAPE

American Express the dominant operator as well as a prominent issuer

Local residents offer American Express potential

Sharia-compliant charge cards offer interest-free transactions

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2014-2019
Table 2 Charge Cards Transactions 2014-2019
Table 3 Charge Cards in Circulation: % Growth 2014-2019
Table 4 Charge Cards Transactions: % Growth 2014-2019
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2014-2019
Table 6 Commercial Charge Cards Transactions 2014-2019
Table 7 Commercial Charge Cards in Circulation: % Growth 2014-2019
Table 8 Commercial Charge Cards Transactions: % Growth 2014-2019
Table 9 Personal Charge Cards: Number of Cards in Circulation 2014-2019
Table 10 Personal Charge Cards Transactions 2014-2019
Table 11 Personal Charge Cards in Circulation: % Growth 2014-2019
Table 12 Personal Charge Cards Transactions: % Growth 2014-2019
Table 13 Charge Cards: Number of Cards by Issuer 2014-2018
Table 14 Charge Cards: Number of Cards by Operator 2014-2018
Table 15 Charge Cards Payment Transaction Value by Issuer 2014-2018
Table 16 Charge Cards Payment Transaction Value by Operator 2014-2018
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2014-2018
Table 18 Commercial Charge Cards: Number of Cards by Operator 2014-2018
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2014-2018
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2014-2018
Table 21 Personal Charge Cards: Number of Cards by Issuer 2014-2018
Table 22 Personal Charge Cards: Number of Cards by Operator 2014-2018
Table 23 Personal Charge Cards Transaction Value by Issuer 2014-2018
Table 24 Personal Charge Cards Transaction Value by Operator 2014-2018
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2019-2024
Table 26 Forecast Charge Cards Transactions 2019-2024
Table 27 Forecast Charge Cards in Circulation: % Growth 2019-2024
Table 28 Forecast Charge Cards Transactions: % Growth 2019-2024
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2019-2024
Table 30 Forecast Commercial Charge Cards Transactions 2019-2024
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2019-2024
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2019-2024
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2019-2024
Table 34 Forecast Personal Charge Cards Transactions 2019-2024
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2019-2024
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2019-2024

Credit Cards in the United Arab Emirates - Category analysis

Credit Cards in the United Arab Emirates - Company Profile

HEADLINES

PROSPECTS

Rewards helping to promote credit card usage

E-commerce and digitisation drive credit card spend

Al Etihad Credit Bureau offering its services via a mobile app

COMPETITIVE LANDSCAPE

First Abu Dhabi Bank and Mashreq Bank the leading credit card issuers

Visa and Mastercard developing new payment technology

India’s RuPay payment network begins issuing cards in the United Arab Emirates

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2014-2019
Table 38 Credit Cards Transactions 2014-2019
Table 39 Credit Cards in Circulation: % Growth 2014-2019
Table 40 Credit Cards Transactions: % Growth 2014-2019
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2014-2019
Table 42 Commercial Credit Cards Transactions 2014-2019
Table 43 Commercial Credit Cards in Circulation: % Growth 2014-2019
Table 44 Commercial Credit Cards Transactions: % Growth 2014-2019
Table 45 Personal Credit Cards: Number of Cards in Circulation 2014-2019
Table 46 Personal Credit Cards Transactions 2014-2019
Table 47 Personal Credit Cards in Circulation: % Growth 2014-2019
Table 48 Personal Credit Cards Transactions: % Growth 2014-2019
Table 49 Credit Cards: Number of Cards by Issuer 2014-2018
Table 50 Credit Cards: Number of Cards by Operator 2014-2018
Table 51 Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 52 Credit Cards Payment Transaction Value by Operator 2014-2018
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2014-2018
Table 54 Commercial Credit Cards: Number of Cards by Operator 2014-2018
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2014-2018
Table 57 Personal Credit Cards: Number of Cards by Issuer 2014-2018
Table 58 Personal Credit Cards: Number of Cards by Operator 2014-2018
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2014-2018
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2019-2024
Table 62 Forecast Credit Cards Transactions 2019-2024
Table 63 Forecast Credit Cards in Circulation: % Growth 2019-2024
Table 64 Forecast Credit Cards Transactions: % Growth 2019-2024
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2019-2024
Table 66 Forecast Commercial Credit Cards Transactions 2019-2024
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2019-2024
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2019-2024
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2019-2024
Table 70 Forecast Personal Credit Cards Transactions 2019-2024
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2019-2024
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2019-2024

Debit Cards in the United Arab Emirates - Category analysis

Debit Cards in the United Arab Emirates - Company Profile

HEADLINES

PROSPECTS

Continued influx of expats supports debit card growth, including supplementary debit cards

Digitisation driving debit card use

Debit cards to face competition from popularity of reward-based credit cards

COMPETITIVE LANDSCAPE

Leading debit card operator Visa looking to incorporate fintech in the United Arab Emirates

First Abu Dhabi Bank and Emirates NBD the leading debit card issuers

Banks jump on the digital and mobile payments train

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2014-2019
Table 74 Debit Cards Transactions 2014-2019
Table 75 Debit Cards in Circulation: % Growth 2014-2019
Table 76 Debit Cards Transactions: % Growth 2014-2019
Table 77 Debit Cards: Number of Cards by Issuer 2014-2018
Table 78 Debit Cards: Number of Cards by Operator 2014-2018
Table 79 Debit Cards Payment Transaction Value by Issuer 2014-2018
Table 80 Debit Cards Payment Transaction Value by Operator 2014-2018
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2019-2024
Table 82 Forecast Debit Cards Transactions 2019-2024
Table 83 Forecast Debit Cards in Circulation: % Growth 2019-2024
Table 84 Forecast Debit Cards Transactions: % Growth 2019-2024

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

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

HEADLINES

PROSPECTS

Salary pre-paid cards account for a large share in this category

Travel pre-paid cards and gift cards offer potential

Digital platforms to offer opportunities in pre-paid cards

COMPETITIVE LANDSCAPE

Dubai Road & Transportation Authority dominates closed loop pre-paid cards

Bigger players in payroll management lead in pre-paid cards

Currency exchange houses well positioned in travel pre-paid cards

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2014-2019
Table 86 Pre-paid Cards Transactions 2014-2019
Table 87 Pre-paid Cards in Circulation: % Growth 2014-2019
Table 88 Pre-paid Cards Transactions: % Growth 2014-2019
Table 89 Closed Loop Pre-paid Cards Transactions 2014-2019
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 91 Open Loop Pre-paid Cards Transactions 2014-2019
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 93 Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 94 Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 95 Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 96 Pre-paid Cards Transaction Value by Operator 2014-2018
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2019-2024
Table 106 Forecast Pre-paid Cards Transactions 2019-2024
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2019-2024
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2019-2024
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2019-2024
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2019-2024
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2019-2024

Store Cards in the United Arab Emirates - Category analysis

Store Cards in the United Arab Emirates - Company Profile

PROSPECTS

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

EXECUTIVE SUMMARY

Reward platforms and development of digital landscape strengthen card payments

Digital platforms and payments growing in importance

Central Bank planning to introduce a national integrated payments system by 2020

Further consolidation could still be seen in the banking industry

Digital payments to continue evolving

MARKET INDICATORS

Table 113 Number of POS Terminals: Units 2014-2019
Table 114 Number of ATMs: Units 2014-2019
Table 115 Value Lost to Fraud 2014-2019
Table 116 Card Expenditure by Location 2019
Table 117 Financial Cards in Circulation by Type: % Number of Cards 2014-2019
Table 118 Domestic versus Foreign Spend 2019

MARKET DATA

Table 119 Financial Cards by Category: Number of Cards in Circulation 2014-2019
Table 120 Financial Cards by Category: Number of Accounts 2014-2019
Table 121 Financial Cards Transactions by Category: Value 2014-2019
Table 122 Financial Cards by Category: Number of Transactions 2014-2019
Table 123 Consumer Payments by Category: Value 2014-2019
Table 124 Consumer Payments by Category: Number of Transactions 2014-2019
Table 125 M-Commerce by Category: Value 2014-2019
Table 126 M-Commerce by Category: % Value Growth 2014-2019
Table 127 Financial Cards: Number of Cards by Issuer 2014-2018
Table 128 Financial Cards: Number of Cards by Operator 2014-2018
Table 129 Financial Cards: Card Payment Transactions Value by Operator 2014-2018
Table 130 Financial Cards: Card Payment Transactions Value by Issuer 2014-2018
Table 131 Forecast Financial Cards by Category: Number of Cards in Circulation 2019-2024
Table 132 Forecast Financial Cards by Category: Number of Accounts 2019-2024
Table 133 Forecast Financial Cards Transactions by Category: Value 2019-2024
Table 134 Forecast Financial Cards by Category: Number of Transactions 2019-2024
Table 135 Forecast Consumer Payments by Category: Value 2019-2024
Table 136 Forecast Consumer Payments by Category: Number of Transactions 2019-2024
Table 137 Forecast M-Commerce by Category: Value 2019-2024
Table 138 Forecast M-Commerce by Category: % Value Growth 2019-2024

Megatrends

Country Report

Credit Cards in the United Arab Emirates

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Rewards helping to promote credit card usage

E-commerce and digitisation drive credit card spend

Al Etihad Credit Bureau offering its services via a mobile app

COMPETITIVE LANDSCAPE

First Abu Dhabi Bank and Mashreq Bank the leading credit card issuers

Visa and Mastercard developing new payment technology

India’s RuPay payment network begins issuing cards in the United Arab Emirates

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

HEADLINES

PROSPECTS

Charge card numbers and transactions to continue declining over the forecast period

Commercial charge cards continue to face challenges

Introduction of VAT a further blow to personal charge cards

COMPETITIVE LANDSCAPE

American Express the dominant operator as well as a prominent issuer

Local residents offer American Express potential

Sharia-compliant charge cards offer interest-free transactions

CATEGORY DATA

Credit Cards in the United Arab Emirates - Category analysis

Credit Cards in the United Arab Emirates - Company Profile

HEADLINES

PROSPECTS

Rewards helping to promote credit card usage

E-commerce and digitisation drive credit card spend

Al Etihad Credit Bureau offering its services via a mobile app

COMPETITIVE LANDSCAPE

First Abu Dhabi Bank and Mashreq Bank the leading credit card issuers

Visa and Mastercard developing new payment technology

India’s RuPay payment network begins issuing cards in the United Arab Emirates

CATEGORY DATA

Debit Cards in the United Arab Emirates - Category analysis

Debit Cards in the United Arab Emirates - Company Profile

HEADLINES

PROSPECTS

Continued influx of expats supports debit card growth, including supplementary debit cards

Digitisation driving debit card use

Debit cards to face competition from popularity of reward-based credit cards

COMPETITIVE LANDSCAPE

Leading debit card operator Visa looking to incorporate fintech in the United Arab Emirates

First Abu Dhabi Bank and Emirates NBD the leading debit card issuers

Banks jump on the digital and mobile payments train

CATEGORY DATA

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

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

HEADLINES

PROSPECTS

Salary pre-paid cards account for a large share in this category

Travel pre-paid cards and gift cards offer potential

Digital platforms to offer opportunities in pre-paid cards

COMPETITIVE LANDSCAPE

Dubai Road & Transportation Authority dominates closed loop pre-paid cards

Bigger players in payroll management lead in pre-paid cards

Currency exchange houses well positioned in travel pre-paid cards

CATEGORY DATA

Store Cards in the United Arab Emirates - Category analysis

Store Cards in the United Arab Emirates - Company Profile

PROSPECTS

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

EXECUTIVE SUMMARY

Reward platforms and development of digital landscape strengthen card payments

Digital platforms and payments growing in importance

Central Bank planning to introduce a national integrated payments system by 2020

Further consolidation could still be seen in the banking industry

Digital payments to continue evolving