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GCC Financial Cards & Payments Market

GCC Financial Cards & Payments Market: 5 Key Factors – Industry Segment, Top Companies, Geographical Reach, Opportunities, and Challenges


MarkNtel Advisors who is leading market research company, has recently published a research report, titled GCC Financial Cards & Payments Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2023-28. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.

Important Notes: In case you missed it, we are currently revising our reports. Click on the “request Sample report” button to get the most latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Market Study Period

Historical Data: 2018-21

Base Year: 2022

Forecast Period: 2023-28

CAGR (2023-2028): 11.2%

GCC Financial Cards & Payments Market Insights:

The GCC Financial Cards & Payments Market is projected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2023-28. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.

GCC Financial Cards & Payments Market Drivers:

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.

Explore the Complete GCC Financial Cards & Payments Market Analysis Report –

Which segments are covered in the GCC Financial Cards & Payments Market Research Report?

  • 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
  • By Country
    • Saudi Arabia
    • The UAE
    • Qatar
    • Bahrain
    • Kuwait
    • Oman

Top 10 Key Brands/Players in the GCC Financial Cards & Payments Market

Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:

  • Visa
  • Mastercard
  • American Express
  • Citibank
  • HSBC
  • PayPal express checkout
  • HDFC Bank
  • Diners Club
  • Barclays
  • Hyperpay
  • Others

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Frequently Asked Questions

  1. Which companies dominate the GCC Financial Cards & Payments Market in terms of market share?
  2. What is the projected market size of GCC Financial Cards & Payments Market in 2028?
  3. What key factor is anticipated to propel the GCC Financial Cards & Payments Market by 2028?
  4. How big is the GCC Financial Cards & Payments Market?

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