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Country Report

Financial Cards and Payments in

Financial Cards and Payments in the United Arab Emirates

49 pages, Oct 2017

US$2,100

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Executive Summary

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Consumer confidence in cards increases

Continued investment in product and service development by the banking sector together with growth in online commerce fostered consumer trust in using cards not only on online platforms but also for offline transactions. Steps such as increasing point-of-sale terminals in the country, chip-and-pin solutions, the launch of government e-wallets and discouragement of customer transaction fees cultivated an environment suitable for the growth of card payments in the country.

Contactless payments increase through contactless cards and launch of e-wallets

During 2017, the United Arab Emirates saw the launch of Samsung Pay and Apple Pay while both VISA and MasterCard also worked towards increasing the concentration of VISAPaywave and PayPass in the country on newly issued and existing cards in circulation. This together with a supportive NFC (Near Field Communication) POS terminal infrastructure is likely to foster contactless or proximity payments in the country, and have a major impact on transactions made in cash.

Consumers take advantage of credit card benefits

Wider availability of rewards and lifestyle privileges offered by banks to cardholders contributed to growth in credit cards in the country. In an overall dampened consumer spending environment, demand for credit cards increased as consumers sought to take advantage of the offers available on credit cards, which led to improved spend on credit cards in current retail value and volume transactions terms during the year.

Pre-paid cards evolve in non-salary segments

While salary pre-paid cards account for a large share of pre-paid cards, banks and other non-banking financial institutions as well as retailers and government bodies focused on pre-paid cards to drive card payments in smaller, more frequent transaction types such as travel, online purchases, transportation and gift cards.

Expats contribute to growth

Despite overall economic slowdown that persisted over the year, which negatively affected consumer sentiment and expenditure patterns, financial cards continued to register steady growth thanks to uptake by expatriates from neighbouring countries and developing Asian economies. Although certain sectors remained negatively affected in terms of job creation during the year, this was offset by other opportunities in the services sector.

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Overview

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Overview

Discover the latest market trends and uncover sources of future market growth for the Financial Cards and Payments 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 Financial Cards and Payments industry in United Arab Emirates, our research will save you time and money while empowering you to make informed, profitable decisions.

The Financial Cards and Payments in United Arab Emirates market research report includes:

Analysis of key supply-side and demand trends
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 Financial Cards and Payments in United Arab Emirates?
What are the major operators and issuers in United Arab Emirates?
How will regulation impact the market?
What is the current state of emerging payment technologies such as mobile commerce?

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 Financial Cards and Payments in United Arab Emirates, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.

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

EXECUTIVE SUMMARY

Consumer confidence in cards increases

Contactless payments increase through contactless cards and launch of e-wallets

Consumers take advantage of credit card benefits

Pre-paid cards evolve in non-salary segments

Expats contribute to growth

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2012-2017
Table 2 Number of ATMs: Units 2012-2017
Table 3 Value Lost to Fraud 2012-2017
Table 4 Card Expenditure by Location 2017
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2012-2017
Table 6 Domestic versus Foreign Spend 2017

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2012-2017
Table 8 Financial Cards by Category: Number of Accounts 2012-2017
Table 9 Financial Cards Transactions by Category: Value 2012-2017
Table 10 Financial Cards by Category: Number of Transactions 2012-2017
Table 11 Consumer Payments by Category: Value 2012-2017
Table 12 Consumer Payments by Category: Number of Transactions 2012-2017
Table 13 M-Commerce by Category: Value 2013-2017
Table 14 M-Commerce by Category: % Value Growth 2013-2017
Table 15 Financial Cards: Number of Cards by Issuer 2012-2016
Table 16 Financial Cards: Number of Cards by Operator 2012-2016
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2012-2016
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2012-2016
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 20 Forecast Financial Cards by Category: Number of Accounts 2017-2022
Table 21 Forecast Financial Cards Transactions by Category: Value 2017-2022
Table 22 Forecast Financial Cards by Category: Number of Transactions 2017-2022
Table 23 Forecast Consumer Payments by Category: Value 2017-2022
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2017-2022
Table 25 Forecast M-Commerce by Category: Value 2017-2022
Table 26 Forecast M-Commerce by Category: % Value Growth 2017-2022

SOURCES

Summary 1 Research Sources

Charge Cards in the United Arab Emirates - Category analysis

HEADLINES

PROSPECTS

Commercial charge cards declining faster than personal charge cards

Credit cards represent strong competition for charge cards

Charge cards to continue facing challenges from reward-based credit cards

COMPETITIVE LANDSCAPE

American Express looks beyond charge cards for future growth

Commercial charge cards face retail value and volume decline

Personal charge cards remains a niche

CATEGORY DATA

Table 27 Charge Cards: Number of Cards in Circulation 2012-2017
Table 28 Charge Cards Transactions 2012-2017
Table 29 Charge Cards in Circulation: % Growth 2012-2017
Table 30 Charge Cards Transactions: % Growth 2012-2017
Table 31 Commercial Charge Cards: Number of Cards in Circulation 2012-2017
Table 32 Commercial Charge Cards Transactions 2012-2017
Table 33 Commercial Charge Cards in Circulation: % Growth 2012-2017
Table 34 Commercial Charge Cards Transactions: % Growth 2012-2017
Table 35 Personal Charge Cards: Number of Cards in Circulation 2012-2017
Table 36 Personal Charge Cards Transactions 2012-2017
Table 37 Personal Charge Cards in Circulation: % Growth 2012-2017
Table 38 Personal Charge Cards Transactions: % Growth 2012-2017
Table 39 Charge Cards: Number of Cards by Issuer 2012-2016
Table 40 Charge Cards: Number of Cards by Operator 2012-2016
Table 41 Charge Cards Payment Transaction Value by Issuer 2012-2016
Table 42 Charge Cards Payment Transaction Value by Operator 2012-2016
Table 43 Commercial Charge Cards: Number of Cards by Issuer 2012-2016
Table 44 Commercial Charge Cards: Number of Cards by Operator 2012-2016
Table 45 Commercial Charge Cards Payment Transaction Value by Issuer 2012-2016
Table 46 Commercial Charge Cards Payment Transaction Value by Operator 2012-2016
Table 47 Personal Charge Cards: Number of Cards by Issuer 2012-2016
Table 48 Personal Charge Cards: Number of Cards by Operator 2012-2016
Table 49 Personal Charge Cards Transaction Value by Issuer 2012-2016
Table 50 Personal Charge Cards Transaction Value by Operator 2012-2016
Table 51 Forecast Charge Cards: Number of Cards in Circulation 2017-2022
Table 52 Forecast Charge Cards Transactions 2017-2022
Table 53 Forecast Charge Cards in Circulation: % Growth 2017-2022
Table 54 Forecast Charge Cards Transactions: % Growth 2017-2022
Table 55 Forecast Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 56 Forecast Commercial Charge Cards Transactions 2017-2022
Table 57 Forecast Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 58 Forecast Commercial Charge Cards Transactions: % Growth 2017-2022
Table 59 Forecast Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 60 Forecast Personal Charge Cards Transactions 2017-2022
Table 61 Forecast Personal Charge Cards in Circulation: % Growth 2017-2022
Table 62 Forecast Personal Charge Cards Transactions: % Growth 2017-2022

Credit Cards in the United Arab Emirates - Category analysis

HEADLINES

PROSPECTS

Rewards drive credit card spend

Credit scoring to benefit the credit card landscape

COMPETITIVE LANDSCAPE

Visa retains its leadership though MasterCard continues to grow faster

Leading banks continue to win share by targeting lifestyle trends

Banks adopting Samsung Pay and Apple Pay gain competitive advantage

CATEGORY DATA

Table 63 Credit Cards: Number of Cards in Circulation 2012-2017
Table 64 Credit Cards Transactions 2012-2017
Table 65 Credit Cards in Circulation: % Growth 2012-2017
Table 66 Credit Cards Transactions: % Growth 2012-2017
Table 67 Commercial Credit Cards: Number of Cards in Circulation 2012-2017
Table 68 Commercial Credit Cards Transactions 2012-2017
Table 69 Commercial Credit Cards in Circulation: % Growth 2012-2017
Table 70 Commercial Credit Cards Transactions: % Growth 2012-2017
Table 71 Personal Credit Cards: Number of Cards in Circulation 2012-2017
Table 72 Personal Credit Cards Transactions 2012-2017
Table 73 Personal Credit Cards in Circulation: % Growth 2012-2017
Table 74 Personal Credit Cards Transactions: % Growth 2012-2017
Table 75 Credit Cards: Number of Cards by Issuer 2012-2016
Table 76 Credit Cards: Number of Cards by Operator 2012-2016
Table 77 Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 78 Credit Cards Payment Transaction Value by Operator 2012-2016
Table 79 Commercial Credit Cards: Number of Cards by Issuer 2012-2016
Table 80 Commercial Credit Cards: Number of Cards by Operator 2012-2016
Table 81 Commercial Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 82 Commercial Credit Cards Payment Transaction Value by Operator 2012-2016
Table 83 Personal Credit Cards: Number of Cards by Issuer 2012-2016
Table 84 Personal Credit Cards: Number of Cards by Operator 2012-2016
Table 85 Personal Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 86 Personal Credit Cards Payment Transaction Value by Operator 2012-2016
Table 87 Forecast Credit Cards: Number of Cards in Circulation 2017-2022
Table 88 Forecast Credit Cards Transactions 2017-2022
Table 89 Forecast Credit Cards in Circulation: % Growth 2017-2022
Table 90 Forecast Credit Cards Transactions: % Growth 2017-2022
Table 91 Forecast Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 92 Forecast Commercial Credit Cards Transactions 2017-2022
Table 93 Forecast Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 94 Forecast Commercial Credit Cards Transactions: % Growth 2017-2022
Table 95 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 96 Forecast Personal Credit Cards Transactions 2017-2022
Table 97 Forecast Personal Credit Cards in Circulation: % Growth 2017-2022
Table 98 Forecast Personal Credit Cards Transactions: % Growth 2017-2022

Debit Cards in the United Arab Emirates - Category analysis

HEADLINES

PROSPECTS

Country’s attractiveness to expatriates remains a key driver of growth

Launch of mobile wallets to drive growth of non-ATM based debit card transactions

COMPETITIVE LANDSCAPE

VISA Inc remains the leading debit card operator in the country

Consolidation in the banking sector strengthens leading players

Banks eager to diversify in related services to enhance brand proposition

CATEGORY DATA

Table 99 Debit Cards: Number of Cards in Circulation 2012-2017
Table 100 Debit Cards Transactions 2012-2017
Table 101 Debit Cards in Circulation: % Growth 2012-2017
Table 102 Debit Cards Transactions: % Growth 2012-2017
Table 103 Debit Cards: Number of Cards by Issuer 2012-2016
Table 104 Debit Cards: Number of Cards by Operator 2012-2016
Table 105 Debit Cards Payment Transaction Value by Issuer 2012-2016
Table 106 Debit Cards Payment Transaction Value by Operator 2012-2016
Table 107 Forecast Debit Cards: Number of Cards in Circulation 2017-2022
Table 108 Forecast Debit Cards Transactions 2017-2022
Table 109 Forecast Debit Cards in Circulation: % Growth 2017-2022
Table 110 Forecast Debit Cards Transactions: % Growth 2017-2022

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

HEADLINES

PROSPECTS

Pre-paid cards continues to evolve faster in non-salary pre-paid segment

COMPETITIVE LANDSCAPE

Channelling salary pre-paid cards puts leading banks at advantage

Government drive for a cashless society enables transportation cards to lead in closed loop pre-paid cards

CATEGORY DATA

Table 111 Pre-paid Cards: Number of Cards in Circulation 2012-2017
Table 112 Pre-paid Cards Transactions 2012-2017
Table 113 Pre-paid Cards in Circulation: % Growth 2012-2017
Table 114 Pre-paid Cards Transactions: % Growth 2012-2017
Table 115 Closed Loop Pre-paid Cards Transactions 2012-2017
Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 117 Open Loop Pre-paid Cards Transactions 2012-2017
Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 119 Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 120 Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 121 Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 122 Pre-paid Cards Transaction Value by Operator 2012-2016
Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 132 Forecast Pre-paid Cards Transactions 2017-2022
Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2017-2022
Table 134 Forecast Pre-paid Cards Transactions: % Growth 2017-2022
Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2017-2022
Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 137 Forecast Open Loop Pre-paid Cards Transactions 2017-2022
Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2017-2022

Megatrends

Country Report

Financial Cards and Payments in the United Arab Emirates

New Report Guarantee

Executive Summary

New Report Guarantee

Consumer confidence in cards increases

Contactless payments increase through contactless cards and launch of e-wallets

Consumers take advantage of credit card benefits

Pre-paid cards evolve in non-salary segments

Expats contribute to growth

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

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

EXECUTIVE SUMMARY

Consumer confidence in cards increases

Contactless payments increase through contactless cards and launch of e-wallets

Consumers take advantage of credit card benefits

Pre-paid cards evolve in non-salary segments

Expats contribute to growth

MARKET INDICATORS

MARKET DATA

SOURCES

Charge Cards in the United Arab Emirates - Category analysis

HEADLINES

PROSPECTS

Commercial charge cards declining faster than personal charge cards

Credit cards represent strong competition for charge cards

Charge cards to continue facing challenges from reward-based credit cards

COMPETITIVE LANDSCAPE

American Express looks beyond charge cards for future growth

Commercial charge cards face retail value and volume decline

Personal charge cards remains a niche

CATEGORY DATA

Credit Cards in the United Arab Emirates - Category analysis

HEADLINES

PROSPECTS

Rewards drive credit card spend

Credit scoring to benefit the credit card landscape

COMPETITIVE LANDSCAPE

Visa retains its leadership though MasterCard continues to grow faster

Leading banks continue to win share by targeting lifestyle trends

Banks adopting Samsung Pay and Apple Pay gain competitive advantage

CATEGORY DATA

Debit Cards in the United Arab Emirates - Category analysis

HEADLINES

PROSPECTS

Country’s attractiveness to expatriates remains a key driver of growth

Launch of mobile wallets to drive growth of non-ATM based debit card transactions

COMPETITIVE LANDSCAPE

VISA Inc remains the leading debit card operator in the country

Consolidation in the banking sector strengthens leading players

Banks eager to diversify in related services to enhance brand proposition

CATEGORY DATA

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

HEADLINES

PROSPECTS

Pre-paid cards continues to evolve faster in non-salary pre-paid segment

COMPETITIVE LANDSCAPE

Channelling salary pre-paid cards puts leading banks at advantage

Government drive for a cashless society enables transportation cards to lead in closed loop pre-paid cards

CATEGORY DATA

Store Cards in the United Arab Emirates - Category analysis

PROSPECTS

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