Contactless payments are becoming increasingly popular in the United Arab Emirates, driven by the convenience and safety they offer. Banks are accelerating the adoption of contactless payment technology, embedding NFC (Near Field Communication) chips into debit cards, and enabling seamless contactless transactions. This trend has given a further boost to the issuance of new debit cards in 2023.
Euromonitor International's Debit 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 Debit Card Transactions, Personal Debit 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 Debit 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.
Debit Cards in the United Arab Emirates
Euromonitor International
December 2023
List Of Contents And Tables
DEBIT CARDS IN THE UNITED ARAB EMIRATES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Popularity of contactless cards brings back transaction spend on debit cards
Sound economic and political environment, coupled with visa reforms, supports new account openings
Digitisation to recreate debit card function and interface
PROSPECTS AND OPPORTUNITIES
Dubai digital currency strategy and increasing use of blockchain platforms to innovate in financial cards
Alternative payment solutions to support the growth of debit card payments
Supplementary debit cards and linked pre-paid cards still have the opportunity for further growth
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2018-2023
Table 2 Debit Cards Transactions 2018-2023
Table 3 Debit Cards in Circulation: % Growth 2018-2023