JSB Market Research: The United Arab Emirates Cards and Payments Industry

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JSB Market reSearch: the United araB eMirateS cardS and PayMentS indUStry: eMerging OPPOrtUnitieS, trendS, Size, driverS, StrategieS, PrOdUctS and cOMPetitive LandScaPe On 30th July 2014

Synopsis The report provides top-level market analysis, information and insights on the UAE cards and payments industry, including: • Current and forecast values for each category of the UAE cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards • Comprehensive analysis of the industry’s market attractiveness and future growth areas • Analysis of various market drivers and regulations governing the UAE cards and Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


payments industry • Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by banks and other institutions in the market • Comprehensive analysis of consumer attitudes and buying preferences for cards • The competitive landscape of the UAE cards and payments industry Summary The UAE card payments channel grew both in terms of volume and value during the review period (2009−2013). In terms of the number of cards in circulation, the channel increased from 10.3 million in 2009 to 18.2 million in 2013, at a reviewperiod compound annual growth rate (CAGR) of 15.31%. Over the forecast period (2014−2018), the card payments channel is anticipated to register a CAGR of 8.57%, to reach 28.4 million cards in 2018. In terms of transaction value, the card payments channel increased from AED226.5 billion (US$61.7 billion) in 2009 to AED487.6 billion (US$132.8 billion) in 2013, at a review-period CAGR of 21.13%. The card payments channel is anticipated to increase further from AED529.2 billion (US$144.1 billion) in 2014 to AED673.9 billion (US$183.5 billion) in 2018, at a forecast-period CAGR of 6.23%. The UAE government’s initiative to promote cashless transactions, the growing popularity of payment cards based on traditional Islamic principles, the introduction of contactless technology, and the retail, e-commerce and tourism industries growth all contributed to the expansion of the UAE card payments channel in volume and value terms during the review period. The UAE’s well-developed telecommunications infrastructure allowed it to record one of the highest mobile penetration rates in the Middle East and North Africa (MENA) region in 2013. Banks such as Dubai Islamic Bank (DIB), Emirates NBD, and Abu Dhabi Commercial Bank (ADCB) partnered with merchants and online retailers to provide secure payment facilities, enabling customers to pay via mobile phone or online. Mobile payments (m-payments) grew from AED86.2 million (US$23.5 million) in 2009 to AED1.8 billion (US$477.2 million) in 2013 at a CAGR of 112.35% and are anticipated to reach AED11.1 billion (US$3.0 billion) in 2018, at a forecast-period CAGR of 38.05%. E-commerce is increasing as a result of improvements in telecommunication infrastructure, payment and security systems, and an increased consumer Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


willingness to shop online. E-commerce registered a review-period CAGR of 32.71%, rising from AED5.6 billion (US$1.5 billion) in 2009 to AED17.5 billion (US$4.8 billion) in 2013. In line with an increase in number of outbound travelers, outbound travel expenditure among the retail and corporate segments increased from AED59.8 billion (US$16.3 billion) in 2009 to AED65.0 billion (US$17.7 billion) in 2013, and is anticipated to increase further over the forecast period to reach AED99.1 billion (US$27.0 billion) in 2018, fuelling the growth of travel cards. Scope • This report provides a comprehensive analysis of the UAE cards and payments industry. • It provides current values for the UAE cards and payments industry for 2013, and forecast figures for 2018. • It details the different economic, infrastructural and business drivers affecting the UAE cards and payments industry. • It outlines the current regulatory framework in the industry. • It details the marketing strategies used by various banks and other institutions. • It profiles the major banks in the UAE cards and payments industry. 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 within the UAE cards and payments industry. • Assess the competitive dynamics in the UAE cards and payments industry. • Gain insights in to the marketing strategies used for selling various card types in the UAE. • Gain insights into key regulations governing the UAE cards and payments industry. Key Highlights

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• The UAE card payments channel grew both in terms of volume and value during the review period (2009−2013). In terms of the number of cards in circulation, the channel increased from 10.3 million in 2009 to 18.2 million in 2013, at a reviewperiod compound annual growth rate (CAGR) of 15.31%. Over the forecast period (2014−2018), the card payments channel is anticipated to register a CAGR of 8.57%, to reach 28.4 million cards in 2018. • In terms of transaction value, the card payments channel increased from AED226.5 billion (US$61.7 billion) in 2009 to AED487.6 billion (US$132.8 billion) in 2013, at a review-period CAGR of 21.13%. The card payments channel is anticipated to increase further from AED529.2 billion (US$144.1 billion) in 2014 to AED673.9 billion (US$183.5 billion) in 2018, at a forecast-period CAGR of 6.23%. • The UAE government’s initiative to promote cashless transactions, the growing popularity of payment cards based on traditional Islamic principles, the introduction of contactless technology, and the retail, e-commerce and tourism industries growth all contributed to the expansion of the UAE card payments channel in volume and value terms during the review period. • The UAE’s well-developed telecommunications infrastructure allowed it to record one of the highest mobile penetration rates in the Middle East and North Africa (MENA) region in 2013. Banks such as Dubai Islamic Bank (DIB), Emirates NBD, and Abu Dhabi Commercial Bank (ADCB) partnered with merchants and online retailers to provide secure payment facilities, enabling customers to pay via mobile phone or online. Mobile payments (m-payments) grew from AED86.2 million (US$23.5 million) in 2009 to AED1.8 billion (US$477.2 million) in 2013 at a CAGR of 112.35% and are anticipated to reach AED11.1 billion (US$3.0 billion) in 2018, at a forecast-period CAGR of 38.05%. • E-commerce is increasing as a result of improvements in telecommunication infrastructure, payment and security systems, and an increased consumer willingness to shop online. E-commerce registered a review-period CAGR of 32.71%, rising from AED5.6 billion (US$1.5 billion) in 2009 to AED17.5 billion (US$4.8 billion) in 2013. • In line with an increase in number of outbound travelers, outbound travel expenditure among the retail and corporate segments increased from AED59.8 billion (US$16.3 billion) in 2009 to AED65.0 billion (US$17.7 billion) in 2013, and is anticipated to increase further over the forecast period to reach AED99.1 billion (US$27.0 billion) in 2018, fuelling the growth of travel cards. Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


Table of Contents: 1 Summary 2 Analysis of Market Environment, Key Trends and Drivers 2.1 Payment Infrastructure and Emerging Technology 2.1.1 Rising internet penetration 2.1.2 Growing mobile payments 2.1.3 Automated teller machines (ATMs) 2.1.4 Point-of-sale (POS) terminals 2.2 Business Drivers 2.2.1 Growth in retail industry 2.2.2 Growth in e-commerce 2.2.3 E-dirham card for payment of government services 2.3 Economic Drivers 2.3.1 GDP growth 2.3.2 GDP per capita 2.3.3 Inflation 3 Cards and Payments Industry Share Analysis 3.1 Industry Overview 3.1.1 Check payments 3.1.2 Card transactions 4 Regulatory Framework and Card Fraud Statistics 4.1 Regulatory Framework 4.1.1 Overview Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


4.1.2 Anti-money laundering and terrorism financing (AML/CTF) 4.1.3 Foreign direct investment (FDI) regulations 4.2 Card Fraud Statistics 4.2.1 Card-not-present fraud 4.2.2 Lost or stolen card 4.2.3 Counterfeit card fraud 4.2.4 Card ID theft 5 Emerging Consumer Attitudes and Trends 5.1 Industry Segmentation and Targeting 5.1.1 Retail segment 5.1.2 Corporate segment 5.2 Travel and Tourism Spending 5.2.1 Outbound tourist trips 5.2.2 Outbound tourist spending 6 Analysis of Card Payments and Growth Prospects 6.1 Channel Share Analysis by Card Category 6.2 Size of and Forecast for the Card Payments Channel 6.2.1 Analysis by number of cards in circulation 6.2.2 Analysis by transaction value 7 Analysis of Credit Card Payments and Growth Prospects 7.1 Overall Category Size and Forecast 7.1.1 Analysis by number of cards in circulation 7.1.2 Analysis by transaction value 7.1.3 Analysis by transaction volume 7.2 Transaction Share Analysis by Channel Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


7.2.1 Analysis by transaction value 7.2.2 Analysis by transaction volume 7.3 Personal Credit Cards Segment Size and Forecast 7.3.1 Analysis by number of cards in circulation 7.3.2 Analysis by transaction value 7.3.3 Analysis by transaction volume 7.4 Commercial Credit Cards Segment Size and Forecast 7.4.1 Analysis by number of cards in circulation 7.4.2 Analysis by transaction value 7.4.3 Analysis by transaction volume 7.5 Competitive Landscape 7.5.1 Scheme share analysis 7.5.2 Issuer share analysis 8 Analysis of Debit Card Payments and Growth Prospects 8.1 Overall Category Size and Forecast 8.1.1 Analysis by number of cards in circulation 8.1.2 Analysis by transaction value 8.1.3 Analysis by transaction volume 8.2 Transaction Share Analysis by Channel 8.2.1 Analysis by transaction value 8.2.2 Analysis by transaction volume 8.3 Competitive Landscape 8.3.1 Scheme share analysis 8.3.2 Issuer share analysis 9 Analysis of Charge Card Payments and Growth Prospects Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


9.1 Overall Category Size and Forecast 9.1.1 Analysis by number of cards in circulation 9.1.2 Analysis by transaction value 9.1.3 Analysis by transaction volume 9.2 Transaction Share Analysis by Channel 9.2.1 Analysis by transaction value 9.2.2 Analysis by transaction volume 9.3 Personal Charge Cards Segment Size and Forecast 9.3.1 Analysis by number of cards in circulation 9.3.2 Analysis by transaction value 9.3.3 Analysis by transaction volume 9.4 Commercial Charge Cards Segment Size and Forecast 9.4.1 Analysis by number of cards in circulation 9.4.2 Analysis by transaction value 9.4.3 Analysis by transaction volume 9.5 Competitive Landscape 9.5.1 Scheme share analysis 10 Analysis of Prepaid Card Payments and Growth Prospects 10.1 Overall Category Size and Forecast 10.1.1 Analysis by number of cards in circulation 10.1.2 Analysis by transaction value 10.2 Open-Loop Prepaid Cards Segment Size and Forecast 10.2.1 Analysis by number of cards in circulation 10.2.2 Analysis by transaction value 10.3 Closed-Loop Prepaid Cards Segment Size and Forecast Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


10.3.1 Analysis by number of cards in circulation 10.3.2 Analysis by transaction value 11 Merchant Acquiring 12 Company Profiles of Card Issuers 12.1 Abu Dhabi Commercial Bank 12.1.1 Key financials 12.1.2 Card portfolio 12.1.3 Strategies 12.2 Dubai Islamic Bank (DIB) 12.2.1 Key financials 12.2.2 Card portfolio 12.2.3 Strategies 12.3 Emirates National Bank of Dubai 12.3.1 Key financials 12.3.2 Card portfolio 12.3.3 Strategies 12.4 Mashreq Bank 12.4.1 Key financials 12.4.2 Card portfolio 12.4.3 Strategies 12.5 HSBC UAE 12.5.1 Key financials 12.5.2 Card portfolio 12.5.3 Strategies 13 Appendix Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


13.1 Methodology 13.2 Contact Timetric 13.3 About Timetric 13.4 Timetric’s Services 13.5 Definitions 13.6 Disclaimer List of Tables Table 1: The UAE Payment Channels (AED Billion), 2009–2013 Table 2: Number of Foreign Banks in the UAE, 2012 and 2013 Table 3: Market Entry Strategies of Foreign Banks Table 4: The UAE Card Fraud (AED Million), 2009–2013 Table 5: The UAE Cards for High-Income Customers Table 6: The UAE Travel Cards Table 7: The UAE Co-branded Cards Table 8: The UAE Cards for Women Table 9: The UAE Cards for Online Shoppers Table 10: The UAE Cards Offered for Corporate Travelers Table 11: The UAE Card Payments Channel by Card Category (Thousand), 2009–2018 Table 12: The UAE Card Payments Channel Size by Volume of Cards (Million), 2009– 2018 Table 13: The UAE Card Payments Channel Size by Transaction Value (AED Billion), 2009–2018 Table 14: The UAE Card Payments Channel Size by Transaction Value (US$ Billion), 2009–2018 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


Table 15: The UAE Credit Cards Category Size by Volume of Cards (Million), 2009– 2018 Table 16: The UAE Credit Cards Category Size by Transaction Value (AED Billion), 2009–2018 Table 17: The UAE Credit Cards Category Size by Transaction Value (US$ Billion), 2009–2018 Table 18: The UAE Credit Cards Category Size by Transaction Volume (Million), 2009– 2018 Table 19: The UAE Personal Credit Cards Segment Size by Volume of Cards (Million), 2009–2018 Table 20: The UAE Personal Credit Cards Segment Size by Transaction Value (AED Billion), 2009–2018 Table 21: The UAE Personal Credit Cards Segment Size by Transaction Value (US$ Billion), 2009–2018 Table 22: The UAE Personal Credit Cards Segment Size by Transaction Volume (Million), 2009–2018 Table 23: The UAE Commercial Credit Cards Segment Size by Volume of Cards (Thousand), 2009–2018 Table 24: The UAE Commercial Credit Cards Segment Size by Transaction Value (AED Million), 2009–2018 Table 25: The UAE Commercial Credit Cards Segment Size by Transaction Value (US$ Million), 2009–2018 Table 26: The UAE Commercial Credit Cards Segment Size by Transaction Volume (Thousand), 2009–2018 Table 27: The UAE Debit Cards Category Size by Volume of Cards (Million), 2009– 2018 Table 28: The UAE Debit Cards Category Size by Transaction Value (AED Billion), 2009–2018 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


Table 29: The UAE Debit Cards Category Size by Transaction Value (US$ Billion), 2009–2018 Table 30: The UAE Debit Cards Category Size by Transaction Volume (Million), 2009– 2018 Table 31: The UAE Charge Cards Category Size by Volume of Cards (Thousand), 2009– 2018 Table 32: The UAE Charge Cards Category Size by Transaction Value (AED Million), 2009–2018 Table 33: The UAE Charge Cards Category Size by Transaction Value (US$ Million), 2009–2018 Table 34: The UAE Charge Cards Category Size by Transaction Volume (Million), 2009–2018 Table 35: The UAE Personal Charge Cards Segment Size by Volume of Cards (Thousand), 2009–2018 Table 36: The UAE Personal Charge Cards Segment Size by Transaction Value (AED Billion), 2009–2018 Table 37: The UAE Personal Charge Cards Segment Size by Transaction Value (US$ Million), 2009–2018 Table 38: The UAE Personal Charge Cards Segment Size by Transaction Volume (Million), 2009–2018 Table 39: The UAE Commercial Charge Cards Segment Size by Volume of Cards (Thousand), 2009–2018 Table 40: The UAE Commercial Charge Cards Segment Size by Transaction Value (AED Million), 2009–2018 Table 41: The UAE Commercial Charge Cards Segment Size by Transaction Value (US$ Million), 2009–2018 Table 42: The UAE Commercial Charge Cards Segment Size by Transaction Volume (Thousand), 2009–2018 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


Table 43: The UAE Prepaid Cards Category Size by Volume of Cards (Million), 2009– 2018 Table 44: The UAE Prepaid Cards Category Size by Transaction Value (AED Billion), 2009–2018 Table 45: The UAE Prepaid Cards Category Size by Transaction Value (US$ Billion), 2009–2018 Table 46: The UAE Open-Loop Prepaid Cards Segment Size by Volume of Cards (Million), 2009–2018 Table 47: The UAE Open-Loop Prepaid Cards Segment Size by Transaction Value (AED Billion), 2009–2018 Table 48: The UAE Open-Loop Prepaid Cards Segment Size by Transaction Value (US$ Billion), 2009–2018 Table 49: The UAE Closed-Loop Prepaid Cards Segment Size by Volume of Cards (Thousand), 2009–2018 Table 50: The UAE Closed-Loop Prepaid Cards Segment Size by Transaction Value (AED Billion), 2009–2018 Table 51: The UAE Closed-Loop Prepaid Cards Segment Size by Transaction Value (US$ Million), 2009–2018 Table 52: ADCB – Key Financial Indicators (AED Million), Year Ending December, 2012–2013 Table 53: ADCB – Card Portfolio and Key Features Table 54: DIB – Key Financial Indicators (AED Million), Year Ending December, 2012– 2013 Table 55: DIB – Card Portfolio and Key Features Table 56: Emirates NBD – Key Financial Indicators (AED Million), Year Ending December, 2012–2013 Table 57: Emirates NBD – Card Portfolio and Key Features Table 58: Mashreq Bank – Key Financial Indicators (AED Million), Year Ending December, 2012–2013 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


Table 59: Mashreq Bank – Card Portfolio and Key Features Table 60: HSBC UAE – Key Financial Indicators (US$ Million), Year Ending December, 2012–2013 Table 61: HSBC UAE – Card Portfolio and Key Features Table 62: Key Definitions List of Figures Figure 1: Benchmarking the UAE Card Payments Channel Against Other Regional Markets Figure 2: Growth of Various Card Categories in the UAE (%), 2009–2018 Figure 3: The UAE Internet Penetration, 2009–2018 Figure 4: The UAE Value of M-Payments (AED Million), 2009–2018 Figure 5: The UAE ATM Volume and Penetration, 2009–2018 Figure 6: The UAE POS Volume and Penetration, 2009–2018 Figure 7: The UAE Value of Retail Sales (AED Billion), 2009–2018 Figure 8: The UAE E-Commerce Value (AED Billion), 2009–2013 Figure 9: The UAE Real GDP Growth (%), 2009–2018 Figure 10: The UAE Nominal GDP Per Capita (US$), 2009–2018 Figure 11: The UAE Consumer Price Inflation Rate (%), 2009–2018 Figure 12: The UAE Shares of Different Payment Channels (%), 2009 and 2013 Figure 13: Shares of Card Fraud in the UAE (%), 2009 and 2013 Figure 14: The UAE Card-Not-Present Fraud Value (AED Million), 2009–2013 Figure 15: The UAE Lost or Stolen Card Fraud Value (AED Million), 2009–2013 Figure 16: The UAE Counterfeit Card Fraud Value (AED Million), 2009–2013 Figure 17: The UAE Card ID Theft Value (AED Million), 2009–2013 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


Figure 18: The UAE Cards and Payments Industry Segmentation by Card Type Figure 19: The UAE Volume of Outbound Business Tourist Trips (Thousand), 2009– 2018 Figure 20: The UAE Volume of Outbound Tourist Trips (Thousand), 2009–2018 Figure 21: The UAE Outbound Tourist Spending (AED Billion), 2009–2018 Figure 22: The UAE Card Payments Channel by Card Category (%), 2009–2018 Figure 23: The UAE Card Payments Channel Size by Volume of Cards (Million), 2009– 2018 Figure 24: The UAE Card Payments Channel Size by Transaction Value (AED Billion), 2009–2018 Figure 25: The UAE Credit Cards Category Volume and Penetration, 2009–2018 Figure 26: The UAE Credit Cards Category Size by Volume of Cards (Million), 2009– 2018 Figure 27: The UAE Credit Cards Category Size by Transaction Value (AED Billion), 2009–2018 Figure 28: The UAE Credit Cards Category Size by Transaction Volume (Million), 2009–2018 Figure 29: The UAE Credit Cards Category Transaction Value Share Analysis by Channel (AED Billion), 2009–2018 Figure 30: The UAE Credit Cards Category Transaction Volume Share Analysis by Channel (Million), 2009–2018 Figure 31: The UAE Personal Credit Cards Segment Size by Volume of Cards (Million), 2009–2018 Figure 32: The UAE Personal Credit Cards Segment Size by Transaction Value (AED Billion), 2009–2018 Figure 33: The UAE Personal Credit Cards Segment Size by Transaction Volume (Million), 2009–2018

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Figure 34: The UAE Commercial Credit Cards Segment Size by Volume of Cards (Thousand), 2009–2018 Figure 35: The UAE Commercial Credit Cards Segment Size by Transaction Value (AED Million), 2009–2018 Figure 36: The UAE Commercial Credit Cards Segment Size by Transaction Volume (Thousand), 2009–2018 Figure 37: The UAE Credit Cards Category Share by Scheme (%), 2013 Figure 38: The UAE Credit Cards Category Share by Issuer (%), 2013 Figure 39: The UAE Debit Cards Category Volume and Penetration, 2009–2018 Figure 40: The UAE Debit Cards Category Size by Volume of Cards (Million), 2009– 2018 Figure 41: The UAE Debit Cards Category Size by Transaction Value (AED Billion), 2009–2018 Figure 42: The UAE Debit Cards Category Size by Transaction Volume (Million), 2009– 2018 Figure 43: The UAE Debit Cards Category Transaction Value Share Analysis by Channel (AED Billion), 2009–2018 Figure 44: The UAE Debit Cards Category Transaction Volume Share Analysis by Channel (Million), 2009–2018 Figure 45: The UAE Debit Cards Category Share by Scheme (%), 2013 Figure 46: The UAE Debit Cards Category Share by Issuer (%), 2013 Figure 47: The UAE Charge Cards Category Volume and Penetration, 2009–2018 Figure 48: The UAE Charge Cards Category Size by Volume of Cards (Thousand), 2009–2018 Figure 49: The UAE Charge Cards Category Size by Transaction Value (AED Million), 2009–2018 Figure 50: The UAE Charge Cards Category Size by Transaction Volume (Million), 2009–2018 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


Figure 51: The UAE Charge Cards Category Transaction Value Share Analysis by Channel (AED Million), 2009–2018 Figure 52: The UAE Charge Cards Category Transaction Volume Share Analysis by Channel (Thousand), 2009–2018 Figure 53: The UAE Personal Charge Cards Segment Size by Volume of Cards (Thousand), 2009–2018 Figure 54: The UAE Personal Charge Cards Segment Size by Transaction Value (AED Billion), 2009–2018 Figure 55: The UAE Personal Charge Cards Segment Size by Transaction Volume (Million), 2009–2018 Figure 56: The UAE Commercial Charge Cards Segment Size by Volume of Cards (Thousand), 2009–2018 Figure 57: The UAE Commercial Charge Cards Segment Size by Transaction Value (AED Million), 2009–2018 Figure 58: The UAE Commercial Charge Cards Segment Size by Transaction Volume (Thousand), 2009–2018 Figure 59: The UAE Charge Cards Category Share by Scheme (%), 2013 Figure 60: The UAE Prepaid Cards Category Volume and Penetration, 2009–2018 Figure 61: The UAE Prepaid Cards Category Size by Volume of Cards (Million), 2009– 2018 Figure 62: The UAE Prepaid Cards Category Size by Transaction Value (AED Billion), 2009–2018 Figure 63: The UAE Open-Loop Prepaid Cards Segment Size by Volume of Cards (Million), 2009–2018 Figure 64: The UAE Open-Loop Prepaid Cards Segment Size by Transaction Value (AED Billion), 2009–2018 Figure 65: The UAE Closed-Loop Prepaid Cards Segment Size by Volume of Cards (Thousand), 2009–2018 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/


Figure 66: The UAE Closed-Loop Prepaid Cards Segment Size by Transaction Value (AED Billion), 2009–2018

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