MarkNtel Advisors, a leading market research firm, has showed its latest study titled “GCC Financial Cards & Payments Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the GCC Financial Cards & Payments Market: 2024-2030
The GCC Financial Cards & Payments Market size is estimated to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024-30.
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What are the primary factors driving the growth of the GCC Financial Cards & Payments market?
GCC Financial Cards & Payments Market Driver: 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.
GCC Financial Cards & Payments Market Segmentation:
The GCC Financial Cards & Payments market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
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
- 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
Geographical Analysis into the GCC Financial Cards & Payments Market:
- Saudi Arabia
- The UAE
- Qatar
- Bahrain
- Kuwait
- Oman
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/gcc-financial-cards-payments-market.html
Competitive Landscape and GCC Financial Cards & Payments Market Share Analysis:
The competitive landscape of the GCC Financial Cards & Payments market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Visa, Mastercard, American Express, Citibank, HSBC, PayPal express checkout, HDFC Bank, Diners Club, Barclays, Hyperpay, Others
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the GCC Financial Cards & Payments Market growth?
- How is the GCC Financial Cards & Payments Market expected to grow over the next five years?
- What are the key insights into the current trends in the GCC Financial Cards & Payments Market?
- What is the current size of the GCC Financial Cards & Payments Market, and how is it projected to change in the future?
- What is the future outlook for the GCC Financial Cards & Payments Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, 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 & emerging geographies allows our clients to formulate their strategies in a much more 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 14.8 diverse industrial verticals.
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