GCC Financial Cards & Payments Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of GCC Financial Cards & Payments market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Market Opportunities
According to MarkNtel Advisors’ research report “GCC Financial Cards & Payments Market Analysis, 2020”, the GCC Financial Cards & Payments market is anticipated to grow at a considerable CAGR during 2021-2026F. The growth of the market is attributed to a surging initiative by the government to encourage digital payment, the introduction of digital-only banks for SMEs along with robust growth in the e-commerce market as government reduces the cost of e-commerce operations and a paradigm shift towards cashless payment. Moreover, a boost in online shopping, the rising adoption of EMV and contactless technology by financial institutions, and the launch of a unified QR code-based national payment system in Saudi Arabia as a vision 2030 are strongly contributing towards the growth of the market in the forecast period. Besides these, the COVID-19 crisis has an optimistic impact on the market due to an upsurge in online shopping by the consumer due to lockdown imposition and burgeoning adoption of digital payments.

Market Segmentation
Customer to Business (C2B) Segment Acquired Majority Market Share
Based on the Type of Payment, Customer to Business (C2B) Segment acquired the majority market share in the GCC Financial Cards & Payment market in 2020. The rising penetration of the internet and smartphones has upsurged the e-commerce activity in the region. E-commerce shopping has gained astronomical traction in countries such as the UAE. The rising inclination of consumers towards online shopping as it offers a convenient, enjoyable, and secure digital experience and boost in the adoption of cashless payment and COVID-19 outbreak are projected to accelerate the market growth. E-commerce represents 4.2% of the retail revenue in the UAE and is projected to grow by an average of 23% by 2022. Therefore, this is anticipated to drive the growth of the Financial Cards & Payments market GCC in the near future as revealed by the MarkNtel Advisors’ research report “GCC Financial Cards & Payments Market Analysis, 2020”.

Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the GCC Financial Cards & Payments market include Visa, Mastercard, American Express, Citibank, HSBC, PayPal express checkout, HDFC Bank, Diners Club, Barclays, Hyperpay, etc.

Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of GCC Financial Cards & Payments Market?
2. What is the region-wise industry size, growth drivers, and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the GCC Financial Cards & Payments Market?
4. Who are the key competitors or market players and how they perform in GCC Financial Cards & Payments Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of the GCC Financial Cards & Payments Market study?

Market Outlook, Segmentation and Statistics
1) Impact of COVID-19 on GCC Financial Cards & Payments Market
2) GCC Financial Cards & Payments Market Outlook
a) Penetration of Financial Cards
b) Digital Developments
c) ATM Expansion
d) POS Terminals
3) Market Size & Analysis
a) Number of Cards
b) Number of Transactions
4) Market Share & Analysis
a) By Type
i) Card
(1) Credit Card
(2) Debit Card
(3) Charge Card
(4) Prepaid Card
b) By Type of Payments
i) B2B
ii) B2C
iii) C2C
iv) C2B
(1) E-Commerce Shopping
(2) Payments at POS Terminals
(3) Others
c) By Type of Transactions
i) Domestic
ii) Foreign
d) By Card Issuing Institution
i) Banking
ii) Non-Banking
e) By Region
i) UAE Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
ii) Saudi Arabia Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
iii) Qatar Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
iv) Kuwait Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
v) Oman Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
vi) Bahrain Financial Cards & Payments Market Outlook, 2016-2026F (USD Million)
f) By Company
i) Revenue Shares
ii) Strategic Factorial Indexing
iii) Competitor Placement in MarkNtel Quadrant
5) GCC Financial Cards & Payments Market Policies, Regulations, Product Standard
6) GCC Financial Cards & Payments Market Hotspots & Opportunities
7) GCC Financial Cards & Payments Market Competitor Strategies
a) Discounts
b) Strategic Tie-ups for Market Penetration
c) Geographical Expansion
d) Others
8) Competition Outlook
a) Competitor Wise Growth Strategies
b) Company Profiles

Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on GCC Financial Cards & Payments Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of GCC Financial Cards & Payments Market during 2021-2026?
A. The growth rate of GCC Financial Cards & Payments Market during 2021-2026 is forecast to be grow at a considerable CAGR.
Q. Who are the key competitors or players operating in GCC Financial Cards & Payments Market?
A. Visa, Mastercard, American Express, Citibank, HSBC, PayPal express checkout, HDFC Bank, Diners Club, Barclays, Hyperpay are few of the leading players in the GCC Financial Cards & Payments Market.
Q. Which card issuing institution segment would emerge as an opportunity area for players in GCC Financial Cards & Payments Market?
A. Banking segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in GCC Financial Cards & Payments Market?
A. UAE continue to grow at a highest CAGR, presenting immense opportunities for market players of GCC Financial Cards & Payments Market.