Contactless Payments Grow in Popularity in the UAE, Says Timetric in Its Report Available at MarketPublishers.com12 Oct 2016 • by Natalie Aster
LONDON – At present, the demand for payroll cards is on the rise in the UAE, and this tendency is supported by big expatriate population as well as the WSP policy of the government.
Some steps have been already taken to satisfy this growth. For instance, a prepaid salary card was issued in February 2016 due to collaboration of local banks and UnionPay International. Prepaid cards were launched a couple of years before that in the country.
The interest in contactless technologies is also growing. This technology was introduced to a range MasterCard credit cardholders in November 2015. A credit card having contactless functionality was issued in January 2016 by Rakbank. Another important development is the launching of a mobile app in August 2016.
In-demand research report “The Cards and Payments Industry in the UAE: Emerging Trends and Opportunities to 2020” developed by Timetric offers a comprehensive guide to the cards and payments space in the UAE. The study comprises key facts relative to this space and casts light on payment instruments.
It delves deep into e-commerce and payment instruments. The report looks at existing regulations and delves deep into driving forces of this marketplace. The research study covers different types of cards. It also discusses opportunities the market has as well as its prospects.
Reasons to Buy:
- the report will provide you with an in-depth analysis of the cards and payments industry in the UAE;
- you will get access to details on current values in this industry;
- find out which forces drive the marketplace;
- keep abreast of marketing strategies of different financial organizations;
- learn more about the regulatory framework;
- understand which opportunities this marketplace has.
Other Industries and Marketplaces Covered by Timetric Comprise:
- Property Insurance in Israel
- Residential Construction in Romania
- Infrastructure Construction in New Zealand
- Residential Construction in Indonesia
- Marine, Aviation and Transit Insurance in Panama
More research studies by Timetric are available at its page.