MarkNtel Advisors recently published a detailed industry analysis of the GCC Financial Cards & Payments Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
GCC Financial Cards & Payments Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The GCC Financial Cards & Payments Market is estimated to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024-30.
Key Findings in GCC Financial Cards & Payments Market:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players-
Visa, Mastercard, American Express, Citibank, HSBC, PayPal express checkout, HDFC Bank, Diners Club, Barclays, Hyperpay, OthersKey Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the GCC Financial Cards & Payments industry?
Expanding E-commerce Industry – The growing e-commerce industry across the GCC region has well-supported the Financial Cards & Payments Market over 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 global retail players in the lucrative market. 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 of payments made via financial cards, such as debit cards, prepaid cards, credit cards, etc., has increased considerably. 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 will increase the demand for financial cards and payments in the forecast years.
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What segments define the GCC Financial Cards & Payments Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
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
According to report, Customer-to-business (C2B) segment witnessed sizeable growth over the historical period.
By Type of Transactions
- Domestic
- Foreign
By Card Issuing Institution
- Banking
- Non-Banking
Explore the Complete GCC Financial Cards & Payments Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-financial-cards-payments-market.html
Geographical Analysis: GCC Financial Cards & Payments Market
By Country
- Saudi Arabia
- The UAE
- Qatar
- Bahrain
- Kuwait
- Oman
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the GCC Financial Cards & Payments Market?
- How is the GCC Financial Cards & Payments Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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