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UAE Cards and Payments: Opportunities and Risks to 2029

Publisher GlobalData
Published Jun 17, 2025
Length 97 Pages
SKU # GBDT20265883

Description

UAE Cards and Payments: Opportunities and Risks to 2029

Summary

GlobalData’s ‘UAE Cards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the UAE cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, card, credit transfer, direct debits, and cheques during the review-period (2021-25e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2025e-29f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

GlobalData’s ‘UAE Cards and Payments: Opportunities and Risks to 2029' report provides top-level market analysis, information and insights into the UAE cards and payments industry, including -
  • Current and forecast values for each market in the UAE cards and payments industry, including debit, credit and charge cards.
  • Detailed insights into payment instruments including cash, credit transfer, card, cheques and direct debits . It also, includes an overview of the country's key alternative payment instruments.
  • Ecommerce market analysis.
  • Analysis of various market drivers and regulations governing the UAE cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of the UAE cards and payments industry.
Key Highlights
  • In February 2025, Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), announced the launch of Jaywan, the UAE's domestic card scheme, and its the operational readiness of the financial infrastructure, with banks and financial institutions, to offer cards to their customers soon. Jaywan will offer various card types, including debit, prepaid, and credit, usable across online, ATM, and POS channels. In March 2025, Jaywan partnered with Mastercard and Visa to launch a co-badged card in the country. Further, on March 2025, Jaywan partnered with China’s UnionPay International, to launch the co-badged “UnionPay - Jaywan” cards in the UAE.
  • The widespread adoption of contactless payments in transportation is further aiding adoption. In July 2024, the Ajman Transport Authority, in collaboration with BPC, introduced O-CITY, an integrated open-loop automated fare collection system, across the UAE's public bus fleet. The O-CITY system allows commuters to conveniently pay for their fares directly at onboard terminals using their existing contactless bank cards, eliminating the need for dedicated transit cards or traditional paper tickets. Similarly, in March 2025, the Ajman Transport Authority launched contactless payment system on public buses, allowing passengers to pay using bank cards, digital wallets such as Apple Pay and Google Pay, and wearable devices such as smartwatches.
  • The government is taking steps to boost the ecommerce market. For instance, in December 2024, the Federal Decree-Law No. 14 of 2023 was introduced by the government to regulate ecommerce and promote its growth through the use of technology and the creation of an intelligent infrastructure. The law mandates that ecommerce dealers comply with technological, legal, and security requirements, which includes securing the required licenses and keeping their platforms safe. Guidelines for consumer protection, refunds, insurance, logistics, digital payments, and dispute resolution are also established by the law.
Scope
  • Card market size in terms of number of cards, value and volume of transactions in UAE along with detailed card segmentation of debit, credit and charge cards available in the country.
  • Market sizing and analysis of major payment instruments including cash, credit transfer, card, cheques and direct debits .
  • Payment market trends and growth for both historical and forecast period
  • Competitor analysis with detailed insights into leading card issuers and schemes.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • A detailed snapshot of country's key alternative payment brands.
Reasons to Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the UAE cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the UAE cards and payments industry.
  • Assess the competitive dynamics in the UAE cards and payments industry.
  • Gain insights into marketing strategies used for various card types in UAE.
  • Gain insights into key regulations governing the UAE cards and payments industry.

Table of Contents

97 Pages
1. Executive Summary
2. Market Overview
3. Payment Instruments
4. Card-Based Payments
5. Merchant Acquiring
6. Ecommerce Payments
7. In-Store Payments
8. Buy Now Pay Later
9. Mobile Payments
10. P2P Payments
11. Bill Payments
12. Alternative Payments
13. Payment Innovation
14. Job Analysis
15. Payment Infrastructure and Regulation
16. Appendix
List of Tables
Key facts, 2025
Benchmarking of payment cards, 2025e
Payment instrument transaction values (LCU), 2021-29f
Payment instrument transaction values ($), 2021-29f
Payment instrument transaction volumes (units), 2021-29f
Payment cards in circulation by type (units), 2021-29f
Volume of payment card transactions (units), 2021-29f
Value of payment card transactions (LCU), 2021-29f
Value of payment card transactions ($), 2021-29f
Debit cards in circulation (units), 2021-29f
Debit card transaction volumes, 2021-29f
Debit card transaction values (LCU), 2021-29f
Debit card transaction values ($), 2021-29f
Debit cards in circulation by scheme (units), 2021-25e
Debit card transaction values by scheme (LCU), 2021-25e
Debit card transaction values by scheme ($), 2021-25e
Debit cards in circulation by issuer (units), 2021-25e
Debit cards transaction value by issuer (LCU), 2021-25e
Debit cards transaction value by issuer ($), 2021-25e
Credit and charge cards in circulation (units), 2021-29f
Credit and charge card transaction volumes, 2021-29f
Credit and charge card transaction values (LCU), 2021-29f
Credit and charge card transaction values ($), 2021-29f
Credit and charge cards in circulation by scheme (units), 2021-25e
Credit and charge card transaction values by scheme (LCU), 2021-25e
Credit and charge card transaction values by scheme ($), 2021-25e
Credit and charge cards in circulation by issuer (units), 2021-25e
Credit and charge cards transaction value by issuer (LCU), 2021-25e
Credit and charge cards transaction value by issuer ($), 2021-25e
Credit cards in circulation (units), 2021-29f
Credit card transaction volumes, 2021-29f
Credit card transaction values (LCU), 2021-29f
Credit card transaction values ($), 2021-29f
Credit cards in circulation by scheme (units), 2021-25e
Credit card transaction values by scheme (LCU), 2021-25e
Credit card transaction values by scheme ($), 2021-25e
Credit cards in circulation by issuer (units), 2021-25e
Credit cards transaction value by issuer (LCU), 2021-25e
Credit cards transaction value by issuer ($), 2021-25e
Charge cards in circulation (units), 2020-29f
Charge card transaction volumes, 2020-29f
Charge card transaction values (LCU), 2020-29f
Charge card transaction values ($), 2020-29f
Charge cards in circulation by scheme (units), 2021-25e
Charge card transaction values by scheme (units), 2021-25e
Charge card transaction values by scheme ($), 2021-25e
Prepaid cards in circulation (millions), 2021-29e
Prepaid card transaction values (LCU), 2021-29e
Prepaid card transaction values ($), 2021-29e
List of Figures
Inflation rate
GDP growth rate
Payment instruments transaction value and volume
Instant payments transaction value and volume
Card penetration
Card payments by value
Debit card frequency of payments and average transaction value
Debit card schemes transaction value and volume
Debit card issuers by number of cards and transaction value
Credit card frequency of payments and average transaction value
Credit card schemes transaction value and volume
Credit card issuers by number of cards and transaction value
Credit card debt
Prepaid Cards: Market Sizing and Forecasting
Contactless card holding and usage in detail
E-commerce transaction value and ecommerce breakdown by mobile vs. desktop/laptop
Ecommerce market by product and services
Ecommerce market by paymnet tools
Factors driving in-store payments and In-store transaction value by payment method
In-store transaction value by products and services
BNPL service used in the last six months and Preferred BNPL brand/tool for in-store payments
BNPL online transaction value and transaction volume
BNPL share of overall ecommerce transaction value and preferred BNPL brand/tool for online payments
Mobile wallet holding and use by demographic
Mobile wallet funding methods, mobile wallet preference by product/service and mobile wallet ownership by brand
Domestic and international P2P money transfers
Paymnet tool preference for bill payment and bill paymnet frequency
Active jobs intensity in the country
Number of POS terminals and ATMs

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