The GCC Financial Cards & Payments Market is expected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2023-28. MarkNtel Advisors’ recently published versions of the study on the GCC Financial Cards & Payments Industry (2023-2028) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.
Essential Parameters
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Key Driver:
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.
Analyzing the Segmentations for the GCC Financial Cards & Payments Market
Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:
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
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Exploring the Geographical Landscape of the GCC Financial Cards & Payments Industry
Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:
-Saudi Arabia
-The UAE
-Qatar
-Bahrain
-Kuwait
-Oman.
Do You Know Who are the Leading Companies in the GCC Financial Cards & Payments Market?
Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the GCC Financial Cards & Payments Market companies:
-Visa
-Mastercard
-American Express
-Citibank
-HSBC
-PayPal express checkout
-HDFC Bank
-Diners Club
-Barclays
-Hyperpay
-Others.
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Key Questions Addressed in the GCC Financial Cards & Payments Market Research Report:
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