UAE Real Time Payments Industry Overview
United Arab Emirates Real-Time Payments Market is moderately competitive in nature. The companies operating in the market are executing mergers and acquisitions and strategic partnerships to gain market share. Major players include Telr Pte Ltd., Amazon Payments, Inc, and Checkout Ltd., among others. A few recent developments are:
- June 2022 - Mastercard launched its Digital First program to provide innovative and secure payment services. The initiative offers consumers the ease of applying online, instant digital card issuance, real-time card management, and secure, straightforward online payments. This is further strengthening the company's capabilities throughout Eastern Europe & MEA region.
- January 2022 - Nium, Global payments, and cards issuance company, announced a strategic partnership with Al Mulla Exchange to enhance the operation of transfers for Al Mulla Exchange clients to key markets and regions globally. Nimu will offer the company multiple real-time payment corridors, B2B, B2P, P2P, and P2B cross-border payments in all major currencies.
UAE Real Time Payments Market Leaders
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ACI Worldwide Inc.
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Volante Technologies Inc
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Fiserv, Inc.
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Mastercard Inc.
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Stripe, Inc.
- *Disclaimer: Major Players sorted in no particular order
