Published : Jul-2017
No. of Pages : 56
1. EXECUTIVE SUMMARY 2
1.1. Market overview 2
1.2. Key facts 4
1.3. Top five industry events 5
2. PAYMENT INSTRUMENTS 11
2.1. Current payment environment 11
3. E-COMMERCE AND ALTERNATIVE PAYMENTS 13
3.1. E-commerce market analysis 13
3.2. Alternative payment solutions 15
3.2.1. PayPal 15
3.2.2. Masterpass 15
3.2.3. Samsung Pay 15
3.2.4. Visa Checkout 15
3.2.5. QuickPass 16
3.2.6. Emirates NBD Pay 16
3.2.7. CashU 16
3.2.8. Payfort 16
3.2.9. Etisalat Wallet 17
3.2.10. NeO 17
3.2.11. PayTabs 17
4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY 18
4.1. Regulatory framework 18
4.1.1. The UAE mandates migration to EMV 18
4.2. Anti-money laundering 18
4.3. Foreign direct investment regulations 19
5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS 20
6. PAYMENT CARDS 23
7. DEBIT CARDS 25
7.1. Debit card market analysis 25
7.2. Competition in the debit card market 27
7.3. Debit card comparison 29
8. PAY-LATER CARDS 30
8.1. Pay-later card market analysis 30
8.2. Competition in the pay-later card market 32
8.3. Pay-later card comparison 34
9. PREPAID CARDS 36
10. APPENDIX 38
10.1. Abbreviations and acronyms 38
10.2. Supplementary data 39
10.3. Definitions 50
10.4. Methodology 52
10.5. Bibliography 54
10.6. Further reading 54
List of Tables
Table 1: UAE: key facts, 2016 4
Table 2: UAE: regional benchmarking of payment cards, 2016 4
Table 3: UAE: mode of entry of foreign banks 19
Table 4: UAE: debit card comparison and key features, 2017 29
Table 5: UAE: gold credit card comparison and key features, 2017 34
Table 6: UAE: premium credit card comparison and key features, 2017 34
Table 7: UAE: charge card comparison and key features, 2017 35
Table 8: UAE: payment instrument transaction values (AEDbn), 2012-16e 39
Table 9: UAE: payment instrument transaction values ($bn), 2012-16e 39
Table 10: UAE: payment instrument transaction volumes (millions), 2012-16e 39
Table 11: UAE: payment cards in circulation by type (000s), 2012-20f 39
Table 12: UAE: volume of payment card transactions (millions), 2012-20f 40
Table 13: UAE: value of payment card transactions (AEDbn), 2012-20f 40
Table 14: UAE: value of payment card transactions ($bn), 2012-20f 40
Table 15: UAE: debit cards in circulation (millions), 2012-20f 40
Table 16: UAE: debit card transaction volumes, 2012-20f 41
Table 17: UAE: debit card transaction values (AED), 2012-20f 41
Table 18: UAE: debit card transaction values ($), 2012-20f 41
Table 19: UAE: debit cards in circulation by scheme (millions), 2012-16e 42
Table 20: UAE: debit card transaction values by scheme (AEDbn), 2012-16e 42
Table 21: UAE: debit card transaction values by scheme ($bn), 2012-16e 42
Table 22: UAE: debit card transaction values by issuer (AEDbn), 2012-16e 42
Table 23: UAE: debit card transaction values by issuer ($bn), 2012-16e 43
Table 24: UAE: pay-later cards in circulation (millions), 2012-20f 43
Table 25: UAE: pay-later card transaction volumes, 2012-20f 43
Table 26: UAE: pay-later card transaction values (AED), 2012-20f 44
Table 27: UAE: pay-later card transaction values ($), 2012-20f 44
Table 28: UAE: pay-later cards in circulation by scheme (000s), 2012-16e 44
Table 29: UAE: pay-later card transaction values by scheme (AEDbn), 2012-16e 44
Table 30: UAE: pay-later card transaction values by scheme ($bn), 2012-16e 45
Table 31: UAE: pay-later card transaction values by issuer (AEDbn), 2012-16e 45
Table 32: UAE: pay-later card transaction values by issuer ($bn), 2012-16e 45
Table 33: UAE: credit cards in circulation (millions), 2012-20f 46
Table 34: UAE: credit card transaction volumes, 2012-20f 46
Table 35: UAE: credit card transaction values (AED), 2012-20f 46
Table 36: UAE: credit card transaction values ($), 2012-20f 46
Table 37: UAE: credit cards in circulation by scheme (000s), 2012-16e 47
Table 38: UAE: credit card transaction values by scheme (AEDbn), 2012-16e 47
Table 39: UAE: credit card transaction values by scheme ($bn), 2012-16e 47
Table 40: UAE: charge cards in circulation (000s), 2012-20f 47
Table 41: UAE: charge card transaction volumes, 2012-20f 48
Table 42: UAE: charge card transaction values (AED), 2012-20f 48
Table 43: UAE: charge card transaction values ($), 2012-20f 48
Table 44: UAE: charge cards in circulation by scheme (000s), 2012-16e 49
Table 45: UAE: charge card transaction values by scheme (AEDbn), 2012-16e 49
Table 46: UAE: charge card transaction values by scheme ($m), 2012-16e 49
Table 47: UAE: prepaid cards in circulation (millions), 2012-20f 49
Table 48: UAE: prepaid card transaction values (AEDbn), 2012-20f 49
Table 49: UAE: prepaid card transaction values ($bn), 2012-20f 49
Table 50: Key definitions 50
List of Figures
Figure 1: UAE: payment instrument shares by transaction value (%), 2012 vs 2016 11
Figure 2: UAE: payment instrument shares by transaction volume (%), 2012 vs 2016 12
Figure 3: UAE: e-commerce value 13
Figure 4: UAE: population and economic indicators 20
Figure 5: UAE: ATMs, POS terminals, and household consumption 21
Figure 6: UAE: payment card transaction value and cards in circulation, 2012-20f 23
Figure 7: UAE: debit card penetration and turnover per card 25
Figure 8: UAE: debit card scheme and issuer transaction value shares, 2016 27
Figure 9: UAE: pay-later card penetration and turnover per card 30
Figure 10: UAE: pay-later card scheme and issuer transaction value shares, 2016 32
Figure 11: UAE: prepaid cards in circulation and transaction value, 2012-20f 36
