Comprehensive Research Report: GCC Financial Cards & Payments Market Size, Share and Growth Trends
The
GCC Financial Cards & Payments
Market is
projected to exhibit around 11.2% CAGR during 2023-28.
This report is among a new series of comprehensive reports offering valuable
statistics on the studied market. This report encompasses the market size,
regional market shares, competitor analysis, detailed segmentation of the
market, emerging market trends, potential opportunities, and any additional
data necessary for thriving in the GCC Financial Cards & Payments industry.
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Market Analysis Report Now! -
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Industry
Driving Factor: GCC Financial Cards & Payments Market Research Report
2023-2028
Expanding E-commerce Industry Across the Region - The growing e-commerce industry
across the GCC region has well-supported the financial cards and payments
market in the historical years. The countries, such as the UAE, Saudi Arabia,
Qatar, etc., have witnessed a significant surge in online retail sales due to
high investments by the global retail players in the lucrative market GCC. For
instance, in 2020, Carrefour and Lulu Group, two of the largest retailers in the
Middle East, launched their online shopping portals in the UAE. The countries,
including the UAE, Qatar, Kuwait, and Bahrain have almost 100% of the
population with internet and mobile phone access.
Due to this, the transactional volume through payments
made via financial cards, such as debit cards, prepaid cards, credit cards,
etc., has increased considerably. According to the International Trade
Administration (ITA), e-commerce sales in the UAE recorded USD3.9 billion in
revenues during 2020, a jump of 53% from 2019. Moreover, the Dubai Chamber of
Commerce and Industry forecasts e-commerce to generate USD8 billion in sales by
the year 2025. Hence, it is expected that the ever-growing e-commerce market in
the region would promulgate the demand for financial cards and payments in the
forecast years
Top GCC
Financial Cards & Payments Market Companies Analysis: Latest
Investment/Development
-
Visa
-
Mastercard
-
American Express
-
Citibank
-
HSBC
-
PayPal express checkout
-
HDFC Bank
-
Diners Club
-
Barclays
-
Hyperpay
-
Others
The
comprehensive research report delves into every essential aspect and
advancement within the GCC Financial Cards & Payments market, with a
primary focus on prominent market players. The market demonstrates a moderate
level of fragmentation, as numerous players hold relatively small market
shares, thereby exerting individual influence on the market dynamics.
Additionally,
the report offers a wealth of in-depth information about these companies,
encompassing their profiles, components, provided services, financial
particulars, key developments, and other pertinent details.
Access Now!" - Gain A Comprehensive View of the GCC
Financial Cards & Payments Market with Our Analysis Report - https://www.marknteladvisors.com/research-library/gcc-financial-cards-payments-market.html
GCC
Financial Cards & Payments Market Analysis of Segments, Regions, and Key
Parameters
The
GCC Financial Cards & Payments Market exhibits a highly fragmented nature,
encompassing various segments and geographical regions. These sections provide
crucial insights into the opportunities and challenges faced by market players,
fluctuations in demand, supply, revenue generation, size, sales, profits,
volume, and pricing, among other essential parameters, beneficial for
investors. Additionally, stakeholders can gain an overview of external factors
influencing the industry's expansion over time.
By Type of Card
-
Credit Card
-
Debit Card
-
Charge Card
-
Prepaid Card
By Type of Payments
-
B2B
-
B2C
-
C2C
-
C2B
-
- E-Commerce Shopping
-
- Payments at POS Terminals
-
- Others
By Type of Transactions
-
Domestic
-
Foreign
By Card Issuing Institution
-
Banking
-
Non-Banking
Geographically,
the GCC Financial Cards & Payments Market extends across the
following:
- Saudi Arabia
- The UAE
- Qatar
- Bahrain
- Kuwait
- Oman
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FAQs about
the GCC Financial Cards & Payments Market
Q1: How big
is the GCC Financial Cards & Payments Market?
A:
The GCC Financial Cards & Payments
Market size influenced by several factors, such as industry demand,
technological advancements, and economic conditions. For the most up-to-date
figures, it is recommended to refer to our recent market research report.
Q2: What is
the projected growth rate or CAGR of the GCC Financial Cards & Payments
Market during 2023-28?
A:
The projected Compound Annual Growth Rate (CAGR) of the GCC Financial Cards & Payments Market for the period 2023-28
is 11.2%. Our market analysts often predict future growth rates based on
historical data, market trends, and other relevant factors.
Q4: Who are
the prominent players in the GCC Financial Cards & Payments Market?
A:
The GCC Financial Cards & Payments
Market includes several prominent players, such as Visa, Mastercard,
American Express, Citibank, HSBC, PayPal express checkout, HDFC Bank, Diners
Club, Barclays, Hyperpay, and others. The specific list of prominent
players can change over time due to market dynamics and competitive forces.
Q3: What are
the major trends or growth opportunities for the key players in the GCC
Financial Cards & Payments Market?
A:
The leading companies in the GCC Financial
Cards & Payments Market can explore various growth opportunities,
driven by the latest trends. Staying updated with market trends and consumer
preferences is crucial for capitalizing on growth opportunities.
Q5: Which
'segment' seems promising for the GCC Financial Cards & Payments Market
growth through 2028?
A:
Identifying promising segments in the GCC
Financial Cards & Payments Market depends on the specific products
or services offered by companies and their target markets. After conducting
thorough market research and understanding consumer needs, the most suitable
segment has been identified by our analyst.
Other
Studies –
1. https://sites.google.com/view/tachamit/saudi-arabia-video-surveillance-market
3. https://tach-amit.blogspot.com/2023/08/forecasting-saudi-arabia-video.html
4. https://hackmd.io/@8B9G4U6wRfGIMl2Tf_XMvA/saudi-arabia-video-surveillance-market
5. https://facekindle.com/read-blog/184583
6. https://cynochat.com/read-blog/82910
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