What is the current United Arab Emirates Payment Market size?

The United Arab Emirates Payment Market is projected to register a CAGR of 13.67% during the forecast period (2024-2029) Read More

Who are the key players in United Arab Emirates Payment Market?

Telr Pte Ltd., Cashu FZ LLC, Checkout Ltd, Amazon Payments, Inc. and 2Checkout.com, Inc. are the major companies operating in the United Arab Emirates Payment Market. Read More

What years does this United Arab Emirates Payment Market cover?

The report covers the United Arab Emirates Payment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United Arab Emirates Payment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major challenges faced in the United Arab Emirates (UAE) Payment Market?

The major challenges faced in the United Arab Emirates (UAE) Payment Market are a) Uneven access to reliable internet or mobile connectivity in certain areas could limit the adoption of digital payment solutions b) Ensuring robust security measures for online and digital transactions is crucial to build trust and encourage wider acceptance Read More

United Arab Emirates Payment Market Share

Statistics for the 2023 & 2024 United Arab Emirates Payment market share, created by Mordor Intelligence™ Industry Reports. United Arab Emirates Payment share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of United Arab Emirates Payment Industry

The United Arab Emirates payments market is competitive and fragmented with the presence of significant market players such as Telr Pte Ltd., Cashu FZ LLC, MasterCard Inc, Visa Inc., and American Express Co. The companies are introducing new services and continuously investing in making partnerships and acquisitions along with product development to increase the market share.

In November 2021 -Telr announced that the company had raised USD 15 million from the India-based Merchant payments platform, Cashfree. This strategic investment in Telr will allow the company to introduce its offerings in the MENA region, utilizing Telr's strong presence and payment infrastructure.
In February 2022, Network International partnered with Amazon Payment Services to provide online payment solutions to merchants in the United Arab Emirates. Network International helps enable digital commerce in the Middle East and Africa. The firms are collaborating to provide merchants with Amazon Payment Services' gateway and services, which include EPP and increased fraud monitoring, according to a news statement.