GCC Financial Cards & Payments

GCC Financial Cards & Payments Market Research Report: Forecast (2021-26)

By Type (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 (Domesti Read more

  • FinTech
  • Dec 2020
  • 178
  • FT33005

GCC Financial Cards & Payments Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of GCC Financial Cards & Payments market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

 Market Opportunities

According to MarkNtel Advisors’ research report “GCC Financial Cards & Payments Market Analysis, 2021”, the GCC Financial Cards & Payments market is anticipated to grow at a  CAGR of 11.2% during 2021-2026F. The growth of the market is attributed to a surging initiative by the government to encourage digital payment, the introduction of digital-only banks for SMEs along with robust growth in the e-commerce market as government reduces the cost of e-commerce operations and a paradigm shift towards cashless payment. Moreover, a boost in online shopping, the rising adoption of EMV and contactless technology by financial institutions, and the launch of a unified QR code-based national payment system in Saudi Arabia as a vision 2030 are strongly contributing towards the growth of the market in the forecast period. Besides these, the COVID-19 crisis has an optimistic impact on the market due to an upsurge in online shopping by the consumer due to lockdown imposition and burgeoning adoption of digital payments.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 11.2%
Key Companies Profiled Visa, Mastercard, American Express, Citibank, HSBC, PayPal express checkout, HDFC Bank, Diners Club, Barclays, Hyperpay etc
Unit Denominations USD Million/Billion

Market Segmentation

Customer to Business (C2B) Segment Acquired Majority Market Share

Based on the Type of Payment, Customer to Business (C2B) Segment acquired the majority market share in the GCC Financial Cards & Payment market in 2021. The rising penetration of the internet and smartphones has upsurged the e-commerce activity in the region. E-commerce shopping has gained astronomical traction in countries such as the UAE. The rising inclination of consumers towards online shopping as it offers a convenient, enjoyable, and secure digital experience and boost in the adoption of cashless payment and COVID-19 outbreak are projected to accelerate the market growth. E-commerce represents 4.2% of the retail revenue in the UAE and is projected to grow by an average of 23% by 2022. Therefore, this is anticipated to drive the growth of the Financial Cards & Payments market GCC in the near future as revealed by the MarkNtel Advisors’ research report “GCC Financial Cards & Payments Market Analysis, 2021”. 

Competitive Landscape

According to MarkNtel Advisors’, the key players with a considerable market share in the GCC Financial Cards & Payments market include Visa, Mastercard, American Express, Citibank, HSBC, PayPal express checkout, HDFC Bank, Diners Club, Barclays, Hyperpay, etc.

Key Questions Answered in the Market Research Report:

  1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of GCC Financial Cards & Payments Market?
  2. What is the region-wise industry size, growth drivers, and challenges key market trends?
  3. What are the key innovations, technology upgrades, opportunities, regulations in the GCC Financial Cards & Payments Market?  
  4. Who are the key competitors or market players and how they perform in GCC Financial Cards & Payments Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the course of the GCC Financial Cards & Payments Market study?   

 Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on GCC Financial Cards & Payments Market
  • GCC Financial Cards & Payments Market Outlook
    • Penetration of Financial Cards
    • Digital Developments
    • ATM Expansion
    • POS Terminals
  • Market Size & Analysis
    • Number of Cards
    • Number of Transactions
  • Market Share & Analysis
    • By Type
      • 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
    • By Region
      • UAE Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
      • Saudi Arabia Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
      • Qatar Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
      • Kuwait Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
      • Oman Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
      • Bahrain Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
    • By Company
      • Revenue Shares
      • Strategic Factorial Indexing
      • Competitor Placement in MarkNtel Quadrant
  • GCC Financial Cards & Payments Market Policies, Regulations, Product Standard
  • GCC Financial Cards & Payments Market Hotspots & Opportunities
  • GCC Financial Cards & Payments Market Competitor Strategies
    • Discounts
    • Strategic Tie-ups for Market Penetration
    • Geographical Expansion
    • Others
  • Competition Outlook
    • Competitor Wise Growth Strategies
    • Company Profiles

Frequently Asked Questions

A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.

A. The market size/industry size or the market value is measured in terms of USD Million.

A. The growth rate of GCC Financial Cards & Payments Market during 2021-2026 is forecast to be grow at a CAGR of 11.2%

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Executive Summary
  3. Impact of COVID-19 on GCC Financial Cards & Payments Market
  4. GCC Financial Cards & Payments Market Outlook
    1. Penetration of Financial Cards
    2. Digital Developments
    3. ATM Expansion
    4. POS Terminals
  5. GCC Financial Cards & Payments Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Number of Cards
      2. Number of Transactions
    2. Market Share & Analysis
      1. By Type
        1. Card
          1. Credit Card
          2. Debit Card
          3. Charge Card
          4. Prepaid Card
      2. By Type of Payments
        1. B2B
        2. B2C
        3. C2C
        4. C2B
          1. E-Commerce Shopping 
          2. Payments at POS Terminals
          3. Others
      3. By Type of Transactions
        1. Domestic
        2. Foreign 
      4. By Card Issuing Institution
        1. Banking
        2. Non-Banking
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Bahrain
        5. Kuwait
        6. Oman
      6. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  6. Saudi Arabia Financial Cards & Payments Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Number of Cards
      2. Number of Transactions
    2. Market Share & Analysis
      1. By Type
      2. By Type of Payment
      3. By Type of Transactions
      4. By Card Issuing Institution
      5. By Region
  7. UAE Financial Cards & Payments Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Number of Cards
      2. Number of Transactions
    2. Market Share & Analysis
      1. By Type
      2. By Type of Payment
      3. By Type of Transactions
      4. By Card Issuing Institution
      5. By Region
  8. Qatar Financial Cards & Payments Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Number of Cards
      2. Number of Transactions
    2. Market Share & Analysis
      1. By Type
      2. By Type of Payment
      3. By Type of Transactions
      4. By Card Issuing Institution
      5. By Region
  9. Kuwait Financial Cards & Payments Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Number of Cards
      2. Number of Transactions
    2. Market Share & Analysis
      1. By Type
      2. By Type of Payment
      3. By Type of Transactions
      4. By Card Issuing Institution
      5. By Region
  10. Bahrain Financial Cards & Payments Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Number of Cards
      2. Number of Transactions
    2. Market Share & Analysis
      1. By Type
      2. By Type of Payment
      3. By Type of Transactions
      4. By Card Issuing Institution
      5. By Region
  11. Oman Financial Cards & Payments Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Number of Cards
      2. Number of Transactions
    2. Market Share & Analysis
      1. By Type
      2. By Type of Payment
      3. By Type of Transactions
      4. By Card Issuing Institution
      5. By Region
  12. GCC Financial Cards & Payments Market Policies, Regulations, Product Standards
  13. GCC Financial Cards & Payments  Market Trends & Insights
  14. GCC Financial Cards & Payments  Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  15. GCC Financial Cards & Payments Market Hotspot & Opportunities
  16.  GCC Financial Cards & Payments Market Competitor Strategies
    1. Discounts
    2. Strategic Tie-ups for Market Penetration
    3. Geographical Expansion
    4. Others
  17. GCC Financial Cards & Payments Market Key Strategic Imperatives for Success & Growth
  18. Competition Outlook
    1. Competition Matrix
      1. Product/ Solution Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Visa
      2. Mastercard
      3. American Express
      4. Citibank
      5. HSBC
      6. PayPal express checkout
      7. HDFC Bank
      8. Diners Club
      9. Barclays
      10. Hyperpay
  19. Disclaimer
GCC Financial Cards & Payments Market Segmentation