Prepaid Cards In The UAE To Hit US$18b

Prepaid Summit: Middle East 2015

And The Fourth Annual Prepaid Middle East Awards in association with Visa

March 18 2015 Westin Dubai Mina Seyahi, UAE

Dubai UAE, March 17 2015: The UAE's prepaid sector is on track to top US$18 billion in the next five years, according to Douglas Blakey, Group Editor for Consumer Finance at the event organiser's, Timetric Financial Services.

Blakey was speaking ahead of the upcoming Prepaid Summit: Middle East later this week in Dubai. Visa is on-board as the event's sponsor, for the sixth year running.

"The Middle East is experiencing rapid growth in the prepaid sector, with the UAE, Saudi Arabia and Egypt leading the way.

"This has been driven by top-down support for electronic payroll systems rather than cash-based systems, alongside a rapid surge in the use of the internet and mobile devices," he said.

Blakey predicts that growth will bring in its wake 'innovative, practical payment solutions developed by nimble service providers across all complementary payment services'.

"It is an exciting time to be involved in a sector that is able to seamlessly sync the consumer's ability to pay across financial, retail, government and leisure spend," Blakey stated.

He confirmed that more than 150 global and regional industry players within the prepaid sector are expected to attend the event, set to take place on March 18 at the Westin Dubai Mina Seyahi.

Awarding Industry Efforts

The Fourth Annual Prepaid Middle East Awards, supported by Visa, is once more set to recognise developments made and performance achieved over the past year. All finalists have now been announced at www.cardsinternational.com/event/prepaid-summit-middle-east-2015/awards/

Registration for the pre-event workshops and one-day Prepaid Summit: Middle East is still open online at http://www.cardsinternational.com/event/prepaid-summit-middle-east-2015/attend/

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Samer Abu Ghazale, Email: arabic@strategicsolutionsonline.com Mobile: 971 55 777 6688

About Timetric Financial Services
Cards International, a Timetric Financial Services brand, is the leading source of global news and in-depth analysis for the cards and payments services sector. For over 20 years it has been the trusted source of reliable, timely and in-depth news and analysis for senior executives in the international cards industry.

Through its long history within the cards and payments sector Cards International is uniquely positioned to offer exclusive and propriety content. The company hosts a number of leading top-level events and conferences with key opinion leaders and subscribers, powered by robust research, sophisticated web analytics and social media to fine tune event content to the needs of the global cards and payments industry.

© Press Release 2015