The credit cards category in the United Arab Emirates is set to experience strong growth by all measures in 2023, fuelled by a combination of favourable economic conditions, evolving consumer preferences, and the adoption of new technologies. The continued growth in the United Arab Emirates economy has continued to support consumer spending, coupled with the increased consumer preference for earning rewards and points – creating demand for credit cards as a convenient and favourable payment meth...
Euromonitor International's Credit Card Transactions in United Arab Emirates report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Credit Card Transactions, Personal Credit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Credit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Credit Cards in the United Arab Emirates
Euromonitor International
December 2023
List Of Contents And Tables
CREDIT CARDS IN THE UNITED ARAB EMIRATES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Buoyant economic growth continues to favour credit card spending
Rewards and cashback schemes remain the greatest motivation for credit card spending
Digital commerce strengthens credit cards as a preferred payment method
PROSPECTS AND OPPORTUNITIES
Innovation likely to be key in credit cards – with embedded finance solutions on the horizon
Government support to open up new consumer segments
Evolving rewards programmes and loyalty incentives
CATEGORY DATA
Table 1 Credit Cards: Number of Cards in Circulation 2018-2023
Table 2 Credit Cards Transactions 2018-2023
Table 3 Credit Cards in Circulation: % Growth 2018-2023