Arab Advisors Group released a new report: “Digital Payments in the United Arab Emirates which analyzed the various digital payments offered by telecom operators and key digital payment players in the UAE. The report, which was released in November 2021, answers the following questions:

  • What are the digital payments available in the UAE, who are the key players and what are their offerings?
  • What is the regulatory framework governing digital payments?
  • How are telecom operators involved in digital payments?
  • What are the recent key events in this sector?
  • What are the significant digital payment indicators? 

“The UAE has been at the forefront of digitization, and digital financial services are no different,” said Hiba Rabadi, Arab Advisors Group’s Deputy General Manager. “What we have seen is that there is tremendous growth in the sector. The UAE Government is at the helm of innovation in the digital financial sector, supported by international heavyweights and homegrown players.”

“This is an exciting time for the digital payments sector in the UAE. The Central Bank of the UAE has recognized digital as a significant segment of the UAE’s economy by bestowing payment providers with proper licensing, and rightfully so. The sector has strong revenues, and our analysis revealed that the total value of digitally backed payments in the UAE reached US$ 19 billion in 2020,” said Dana Shekem, Arab Advisors Group’s Analyst. “However, we feel that telecom operators would benefit from delving into this sector further, as the potential is great.”

Please contact Arab Advisors Group for more details or to get a copy of the report's Table of Contents.

The report was released to Arab Advisors Group’s subscribers and can be purchased for a fee of US$ 4,800

Arab Advisors Group’s team of analysts in the region produced over 5,500 reports on the Arab World’s communications, media and financial markets. The reports can be purchased individually or received through an annual subscription to Arab Advisors Group’s ( www.arabadvisors.com ) Strategic Research Services (Media and Telecom).

To date, Arab Advisors Group serves over 945 global and regional companies by providing reliable research analysis and forecasts of Arab communications markets to these clients. Some of our clients can be viewed on https://arabadvisors.com/client-list 

-Ends-                                                                                                   

Arab Advisors Group provides reliable research, analysis and forecasts of Arab communications, media and technology markets. 

The services cover nineteen countries in the Arab World: Lebanon, Syria, Jordan, Palestine, Iraq, Egypt, Sudan, Saudi Arabia, Yemen, UAE, Kuwait, Qatar, Bahrain, Oman, Libya, Tunisia, Algeria, Morocco and Mauritania. 

For more information, please contact Arab Advisors Group offices. www.arabadvisors.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.