Table of Contents

1. EXECUTIVE SUMMARY 2
1.1. Market overview 2
1.2. Key facts 4
1.3. Top five industry events 5

2. PAYMENT INSTRUMENTS 11
2.1. Current payment environment 11

3. E-COMMERCE AND ALTERNATIVE PAYMENTS 13
3.1. E-commerce market analysis 13
3.2. Alternative payment solutions 15
3.2.1. PayPal 15
3.2.2. Masterpass 15
3.2.3. Samsung Pay 15
3.2.4. Visa Checkout 15
3.2.5. QuickPass 16
3.2.6. Emirates NBD Pay 16
3.2.7. CashU 16
3.2.8. Payfort 16
3.2.9. Etisalat Wallet 17
3.2.10. NeO 17
3.2.11. PayTabs 17

4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY 18
4.1. Regulatory framework 18
4.1.1. The UAE mandates migration to EMV 18
4.2. Anti-money laundering 18
4.3. Foreign direct investment regulations 19

5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS 20

6. PAYMENT CARDS 23

7. DEBIT CARDS 25
7.1. Debit card market analysis 25
7.2. Competition in the debit card market 27
7.3. Debit card comparison 29

8. PAY-LATER CARDS 30
8.1. Pay-later card market analysis 30
8.2. Competition in the pay-later card market 32
8.3. Pay-later card comparison 34

9. PREPAID CARDS 36

10. APPENDIX 38
10.1. Abbreviations and acronyms 38
10.2. Supplementary data 39
10.3. Definitions 50
10.4. Methodology 52
10.5. Bibliography 54
10.6. Further reading 54

Companies Mentioned
• Emirates NBD
• Dubai Islamic Bank
• Abu Dhabi Islamic Bank
• Emirates Islamic Bank
• National Bank of Abu Dhabi
• Commercial Bank of Dubai
• National Bank of Fujairah
• National Bank of Umm Al Quwain
• Sharjah Islamic Bank
• United Arab Bank
• United National Bank
• Abu Dhabi Commercial Bank
• Mashreq Bank
• RAKBANK
• Visa
• Mastercard
• American Express
• and Diners Club