Market Opportunities and Emerging Trends in the Prepaid Card Market in the Middle East

News provided by

May 24, 2012, 07:25 ET

NEW YORK, May 24, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Market Opportunities and Emerging Trends in the Prepaid Card Market in the Middle East http://www.reportlinker.com/p0867511/Market-Opportunities-and-Emerging-Trends-in-the-Prepaid-Card-Market-in-the-Middle-East.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Credit_Card

Synopsis

The report provides detailed market analysis, information and insights into the Middle Eastern prepaid card market, including:

Current and forecast values for the Middle Eastern prepaid card market
Comprehensive, country-specific analysis of the industry's market attractiveness, covering key trends and drivers
Detailed analysis of the marketing strategies adopted for selling prepaid cards used by various bankers and other institutions in the market
Detailed analysis of the challenges affecting the Middle Eastern prepaid card market
Competitive landscape of the prepaid card market in each country

Summary

Payroll cards are becoming increasingly widespread in the UAE, driven by the government-mandated wages protection system (WPS). The UAE's banking structure, albeit fragmented, is a mixture of both private and public banks. Jebel Ali, one of the mid-market malls in the UAE, is considered a pioneer of the prepaid cards industry in the country. Saudi Arabia's young population is driving considerable investment into the country's prepaid cards market which provides the potential for youth-targeted prepaid cards. The market for prepaid cards in Saudi Arabia was found to be negligible with a minimal percentage of prepaid gift cards in supply. The country has a healthy influx of tourists for the Islamic holy cities such as Mecca, Jeddah and Riyadh. Tourist prepaid cards are expected to drive the Saudi Arabian market. On the other hand, the prepaid card market in Egypt is still in its developmental stages. The market received support in 2008 and 2009 when the government made concerted efforts to increase the penetration rates of e-banking across the country. However, the market was adversely affected by the uprisings against the Hosni Mubarak government in early 2011. At present there are a small number of prepaid card programs in Egypt, primarily offered by banks.

Scope

This report provides a comprehensive analysis of the prepaid card market in the Middle East
It provides current values for the Middle Eastern prepaid card market for the year 2011 and forecast figures for the years up to 2016
It offers a detailed analysis of the key markets in the Middle Eastern prepaid card market, along with market forecasts until 2016
It details the different macroeconomic factors affecting the Middle Eastern prepaid card market
It covers an exhaustive summary on the key trends and drivers affecting the prepaid card market
It outlines the current regulatory framework in the industry
It details the marketing strategies used by various bankers and other institutions
It profiles the major banks in the Middle Eastern prepaid card market

Reasons To Buy

Make strategic business decisions using historic and forecast market data related to the Middle Eastern prepaid card industry and each market within it
Understand the key market trends and growth opportunities within the Middle Eastern prepaid card market
Assess the competitive dynamics in the Middle Eastern prepaid card market• Gain insights into the marketing strategies used by prepaid card selling vendors
Gain insights into key regulations governing the Middle Eastern prepaid card market

Key Highlights

For the Middle East, growth in macroeconomic indicators is expected to support the financial cards market. The overall economic growth in the Middle East will attract investments in various sectors, which are also expected to support the growth of prepaid cards in the region.
The UAE prepaid market is expected to grow at a CAGR of 28.77% over the forecast period (2012–2016).
Saudi Arabia's young population is driving considerable investment into the country's prepaid cards market which provides the potential for youth-targeted prepaid cards. The market for prepaid cards in Saudi Arabia was found to be negligible with a minimal percentage of prepaid gift cards in supply.
The prepaid cards market in Egypt is still in its developmental stages. The Egyptian prepaid cards market grew at a robust CAGR of 34.32% during the review period (2007–2011).

Companies Mentioned

Visa

G-2 E Dirham

Emirates NBD Bank

iVestor

Abu Dhabi Commercial Bank

National Bank of Dubai

Commercial Bank of Dubai

Union National Bank

National Bank of Sharjah

Mashreq Bank

Central Bank of Egypt

Crédit Agricole Egypt

Arab African International Bank

Table of Contents

1 Executive Summary 2 Prepaid Cards Market in the UAE2.1 Market Environment2.1.1 Regulatory framework2.1.2 Macroeconomic indicators2.1.3 Banking industry structure in UAE2.2 Market Size and Growth Potential2.2.1 UAE banking industry market size2.2.2 UAE prepaid cards market size2.3 Marketing Strategies Adopted for Selling Prepaid cards2.4 Competitive Landscape2.5 Key Trends, Drivers and Challenges for Prepaid cards market in UAE2.5.1 Business trends and growth drivers2.5.2 Future drivers of prepaid card growth in the UAE2.5.3 Challenges3 Prepaid Cards Market in the Kingdom of Saudi Arabia (KSA)3.1 Market Environment3.1.1 Regulatory framework3.1.2 Macroeconomic indicators3.1.3 Banking industry structure in Saudi Arabia3.2 Market Size and Growth Potential3.2.1 KSA banking industry market size3.2.2 Saudi Arabia prepaid cards market size3.3 Marketing Strategies Adopted for Selling Prepaid Cards3.4 Competitive Landscape3.5 Key Trends, Drivers and Challenges for Prepaid Cards Market in Saudi Arabia3.5.1 Business trends and growth drivers3.5.2 Challenges4 Prepaid Cards Market in Egypt4.1 Market Environment4.1.1 Regulatory framework4.1.2 Macroeconomic indicators4.1.3 Banking industry structure in Egypt4.2 Market Size and Growth Potential4.2.1 Egypt banking industry market size4.2.2 Egypt prepaid cards market size4.3 Marketing Strategies Adopted for Selling Prepaid Cards4.4 Competitive Landscape4.5 Key Trends, Drivers and Challenges for the Prepaid Cards Market in Egypt4.5.1 Business trends and growth drivers4.5.2 Challenges5 Appendix5.1 About BRICdata5.1.1 Areas of expertise5.2 Methodology5.3 Disclaimer

List of Tables

Table 1: UAE's GDP at Constant Prices (US$ Billion), (Base Year 1999–2000), 2007–2016

Table 2: Inflation Rate (%), 2007–2016

Table 3: Number of Internet Subscribers (Million), 2007–2016

Table 4: Mobile Phone Penetration Rate (%), 2007–2016

Table 5: UAE Prepaid Cards Market Size by Value (AED Billion), 2007–2016

Table 6: UAE Prepaid Cards Market Size by Value (US$ Billion), 2007–2016

Table 7: Competitive Landscape – UAE Prepaid Cards Market

Table 8: Saudi Arabia GDP at Constant Prices (US$ Billion), (Base Year 1999–2000), 2007–2016

Table 9: Inflation Rate (%), 2007–2016

Table 10: Number of Internet Subscribers (Million), 2007–2016

Table 11: Mobile Phone Penetration Rate (%), 2007–2016

Table 12: Egypt's GDP at Constant Prices (US$ Billion), (Base Year 1999–2000), 2007–2016

Table 13: Inflation Rate (%), 2007–2016

Table 14: Number of Internet Subscribers (Million), 2007–2016

Table 15: Mobile Phone Penetration Rate (%), 2007–2016

Table 16: Egypt Prepaid Cards – Market Size (EGP Million) 2007–2016

Table 17: Egypt Prepaid Cards – Market Size (US$ Million) 2007–2016

Table 18: Competitive Landscape – Egypt Prepaid Cards Market

List of FiguresFigure 1: UAE's GDP at Constant Prices (US$ Billion), (Base Year 1999–2000), 2007–2016Figure 2: Inflation Rate (%), 2007–2016Figure 3: Number of Internet Subscribers (Million), 2007–2016Figure 4: Mobile Phone Penetration Rate (%), 2007–2016Figure 5:Urban and Rural Population, UAE 2007–2016Figure 6: FDI Inflows (US$ Billion), 2007–2010Figure 7: UAE's Total Banking industry Assets (AED Billion), 2007–2011Figure 8: UAE Prepaid Cards Market Size by Value (US$ Billion), 2007–2016Figure 9: UAE Prepaid Cards Market by Segment,(%), 2011Figure 10: UAE Prepaid Cards – Marketing TechniquesFigure 11: Challenges to Prepaid Card Growth in UAEFigure 12: Saudi Arabia's GDP at Constant Prices (US$ Billion), (Base Year 1999–2000), 2007–2016Figure 13: Inflation Rate (%), 2007–2016Figure 14: Number of Internet Subscribers (Million), 2007–2016Figure 15: Mobile Phone Penetration Rate (%), 2007–2016Figure 16:Urban and Rural Population, Saudi Arabia 2007–2016Figure 17: FDI Inflows (US$ Billion), 2007–2010Figure 18: Saudi Arabia's Total Banking Industry Assets (US$ Billion), 2007–2011Figure 19: Saudi Arabia Prepaid Cards – Revenue StreamsFigure 20: Saudi Arabia Prepaid Cards – Marketing TechniquesFigure 21: Understanding of Credit Cards in Saudi ArabiaFigure 22: Egypt's GDP at Constant Prices (US$ Billion), (Base Year 1999–2000), 2007–2016Figure 23: Inflation Rate (%), 2007–2016Figure 24: Number of Internet Subscribers (Million), 2007–2016Figure 25: Mobile Phone Penetration Rate (%), 2007–2016Figure 26:Urban and Rural Population, Egypt 2007–2016Figure 27: FDI Inflows (US$ Billion), 2007–2010Figure 28: Egypt's Total Banking industry Assets (US$ Billion), 2007–2011Figure 29: Egypt Prepaid Cards – Market SizeFigure 30: Challenges for Prepaid Cards in Egypt

To order this report:

Credit Card Industry: Market Opportunities and Emerging Trends in the Prepaid Card Market in the Middle East

More Market Research Report

Check our Industry Analysis and Insights

__________________________

Contact Nicolas:

Nicolas Bombourg
Reportlinker
Email: [email protected]
US: (805)652-2626
Intl: +1 805-652-2626

SOURCE Reportlinker