The United Arab Emirates Payment Market Report is Segmented by Mode of Payment (Point-Of-Sale [Debit Card Payment, Credit Card Payment, A2A Payment, Digital Wallet, Cash, and More], and Online [Debit Card Payment, Credit Card Payment, A2A Payment, Digital Wallet, Cash-On-Delivery, and More]), and End-User Industry (Retail, Entertainment, Healthcare, Hospitality, and More). The Market Forecasts are Provided in Terms of Value (USD).

UAE Mobile Payments Market is Segmented by Payment Type (Proximity Payments, Remote Payments), Transaction Type (Peer-To-Peer (P2P), In-Store Point-Of-Sale (POS), Person-To-Merchant (P2M/Checkout), Other Transaction Types), Application (Retail and ECommerce, Transportation and Logistics, Hospitality and Food-Service, and More), End-User (Personal, Business). The Market Forecasts are Provided in Terms of Value (USD).

The size of the Real Time Payments Market in UAE market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 14.56% during the forecast period. Recent developments include: February 2022 - An association of companies led by Accenture was selected by the Central Bank of UAE (CBUAE) to build and operate instant payments platform for the country over the next five years. The new platform lays the groundwork for transforming the financial services ecosystem in the UAE., January 2022 - ACI Worldwide, a global provider of real-time payment software, announced that the company is working with national banks to help connect to the United Arab Emirates' real-time payments scheme set to launch in October 2022. The UAE Instant Payments Platform (IPP) will enable instant transfers between bank accounts, with participation mandatory for all financial organizations in the country.. Key drivers for this market are: Increased Smartphone Penetration, Falling Reliance on Traditional Banking; Ease of Convenience. Potential restraints include: Operational Challenges Involving Cross-border Payments. Notable trends are: Significant Growth in Real Time Payment is Expected due to Digitalization.

UAE payments market is projected to reach $200 Bn by 2030, growing at 12.5% CAGR, driven by digital adoption, e-commerce rise, and fintech innovations.

The UAE Real-Time Payments Market was valued at USD 8.2 Billion in 2024 is anticipated to reach USD 3.1 Billion by 2032, growing at a CAGR of 14.9% from 2025 to 2032.

UAE Real-Time Payments Market: Definition/Overview

Real-time payments are defined as electronic payment solutions that are enabled for instantaneous or near-instantaneous transfer of funds between parties, available 24/7/365. These transactions are processed immediately, with funds made available to the recipient within seconds. Furthermore, real-time payments are utilized across various applications, including peer-to-peer transfers, business-to-consumer disbursements, and business-to-business transactions.

The system is built on modern infrastructure that is supported by the UAE Central Bank’s payment modernization initiatives. Additionally, enhanced features such as QR code payments and instant notifications are integrated into the system.

The report on UAE Payments covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

The UAE's real-time payments market is experiencing robust growth, driven by the government's digital transformation initiatives and the increasing adoption of mobile and online banking. The market's expansion is fueled by a surge in e-commerce transactions, coupled with the rising demand for faster, more efficient payment solutions among both consumers and businesses. This preference for instant payments is further boosted by the convenience and security offered by real-time systems, minimizing delays and fraud risks. Key players like Alipay, PayPal, and several regional banks are actively investing in upgrading their infrastructure and developing innovative products to cater to this growing demand. While precise market sizing for the UAE specifically is unavailable from the provided data, extrapolating from the global CAGR of 14.56% and considering the UAE's advanced digital infrastructure and high mobile penetration, a conservative estimate would place the 2025 market value in the range of $500 million to $750 million. Growth is expected to continue at a healthy pace in the coming years, propelled by increasing financial inclusion efforts and the government's focus on fostering a cashless economy. The P2P segment is currently dominant, driven by peer-to-peer transfers facilitated through mobile apps, while the P2B segment is exhibiting rapid growth, particularly in the e-commerce sector. Challenges remain, however, including cybersecurity concerns and the need for further interoperability between different payment systems. Addressing these issues will be crucial in unlocking the full potential of the UAE's real-time payments market. The competitive landscape in the UAE is dynamic, with both international and domestic players vying for market share. The success of these players hinges on factors such as technological innovation, customer experience, and strategic partnerships. Government regulations play a crucial role in shaping the market landscape, encouraging competition while ensuring consumer protection and financial stability. Furthermore, the expansion of fintech startups and the integration of innovative payment technologies like blockchain and AI are expected to further revolutionize the UAE's real-time payment ecosystem. Future growth will likely be driven by the adoption of open banking initiatives, which could further enhance interoperability and spur innovation. The continued focus on digital financial inclusion will also expand the user base for real-time payment solutions, driving market expansion throughout the forecast period (2025-2033). While challenges remain in terms of infrastructure development and regulatory frameworks, the overall outlook for the UAE's real-time payments market is extremely positive. Recent developments include: February 2022 - An association of companies led by Accenture was selected by the Central Bank of UAE (CBUAE) to build and operate instant payments platform for the country over the next five years. The new platform lays the groundwork for transforming the financial services ecosystem in the UAE., January 2022 - ACI Worldwide, a global provider of real-time payment software, announced that the company is working with national banks to help connect to the United Arab Emirates' real-time payments scheme set to launch in October 2022. The UAE Instant Payments Platform (IPP) will enable instant transfers between bank accounts, with participation mandatory for all financial organizations in the country.. Key drivers for this market are: Increased Smartphone Penetration, Falling Reliance on Traditional Banking; Ease of Convenience. Potential restraints include: Increased Smartphone Penetration, Falling Reliance on Traditional Banking; Ease of Convenience. Notable trends are: Significant Growth in Real Time Payment is Expected due to Digitalization.

UAE Real-Time Payments Market valued at USD 8.2 Bn, driven by digital adoption, e-commerce growth, and cashless initiatives. Forecasted to expand with fintech innovations and regulatory support.

United Arab Emirates Real Time Payments Market is Segmented by Type of Payment (peer-to-peer (P2P), peer-to-business (P2B)).

Increasing smartphone penetration and digital literacy among UAE residents have been identified as key drivers influencing the market size of the mobile payments sector, as mobile devices are increasingly being used for financial transactions and daily purchases. According to the analyst from Verified Market Research, the UAE Mobile Payments Market is estimated to reach a valuation of USD 24.63 Billion over the forecast subjugating around USD 9.88 Billion valued in 2024.The rapid expansion of the UAE mobile payments market is primarily driven by the widespread adoption of contactless payment technologies, which has been accelerated by government-led digital transformation initiatives and consumer demand for seamless, secure transaction methods. It enables the market to grow at a CAGR of 12.30% from 2026 to 2032.

UAE digital remittances & cross-border payments market valued at USD 30 billion, driven by expatriate population, digital adoption, and fintech innovations for efficient transactions.

UAE mobile payments market booming with a 12.3% CAGR (2025-2033)! Explore key drivers, trends, and restraints shaping this dynamic sector, featuring major players like Apple Pay & Google Pay. Discover the impact of NFC, QR codes, and digital wallets on the UAE's cashless future. Recent developments include: September 2022: Mastercard partnered with the UAE-based firm noqodi to allow consumers to make contactless payments for select government and private sector services. noqodi's digital omnichannel payments, such as Tap on Phone, are powered by Mastercard Payment Gateway Services (MPGS). The integration allows consumers to tap their card or device to make payments through a merchant's phone., May 2022: Google announced Google Wallet to store payment and non-payment assets in virtual cloud-based storage. The payment assets could include credit cards, debit cards, etc., which could be used to make payments by using the Tap to Pay feature on smartphones, wherever Google Pay is acceptable as a mode of payment., March 2022: Mashreq Bank, through its wholly owned subsidiary IDFAA Payment Services LLC, launched NEOPAY, which uses the latest technology and innovation to offer a seamless payment experience to merchants and consumers in the United Arab Emirates.. Key drivers for this market are: Increase in Smartphone Penetration, Advancement in Technology Enabling Convenient and Secure Payments. Potential restraints include: Increase in Smartphone Penetration, Advancement in Technology Enabling Convenient and Secure Payments. Notable trends are: Increase in the adoption of contactless payments.

The size of the Middle East and Africa Real Time Payments Market market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 13.70% during the forecast period. Recent developments include: February 2022 - Accenture has been selected by the Central Bank of the UAE (CBUAE) to lead a consortium of companies to help execute its National Payment Systems Strategy. In collaboration with SIA, now part of Nexi Group, and G42, Accenture aims to build and operate the National Instant Payment Platform (IPP) in the country., August 2021 - Turkish taxi firm, Taxi 724 piloted a software POS (sPOS) solution provided by Payneer Technology. The new technology will enable NFC enabled Android devices to make contactless payments through an app, it will be accompanied by a prepaid card, for making digital payments.. Key drivers for this market are: Increased Smartphone Penetration, Falling Reliance on Traditional Banking; Ease of Convenience. Potential restraints include: , Stringent Regulations in the Payments Industry. Notable trends are: Increased Smartphone Penetration to Drive the Market Growth.

Middle East and North Africa Digital Payments Services Market Report is Segmented by Mode of Payment (Point of Sale (POS), Online / Remote Payment), Component (Solutions (Gateway, Processing, Wallet, Fraud, Other), Services (Consulting, Integration, Support)), Enterprise Size (Large Enterprises, and More), End-User Industry (Retail and E-Commerce and More), and Country. The Market Forecasts are Provided in Terms of Value (USD).

The online banking penetration rate in the United Arab Emirates was forecast to continuously increase between 2024 and 2029 by in total ten percentage points. After the fifteenth consecutive increasing year, the online banking penetration is estimated to reach 81.92 percent and therefore a new peak in 2029. Notably, the online banking penetration rate of was continuously increasing over the past years.Shown is the estimated percentage of the total population in a given region or country, which makes use of online banking.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the online banking penetration rate in countries like Israel and Iraq.

UAE Cards Industry Market Analysis: Discover the booming UAE cards market, projected to reach $X billion by 2033 with a 13.67% CAGR. Explore market trends, key players (Telr, 2Checkout, PayTabs), and segment insights on digital payments and POS. Learn more! Recent developments include: In May 2022 - Nayax Ltd, a commerce enablement and payments platform, announced a partnership with Network International, the provider of digital commerce across the Middle-East and Africa (MEA). This partnership will help the company to expand its business and customer base in the MEA region., In February 2022 - Apple Inc, has announced its plan to soon introduce its store in Al Maryah Island, Abu Dhabi, making it the tech company's fourth outlet in the UAE market. This store will strengthen the footprint of the company in the UAE and will, in turn, derive the payment market in the country.. Key drivers for this market are: High Proliferation of E-commerce, including the rise of m-commerce and cross-border e-commerce supported by the increase in purchasing power, Enablement Programs by Key Retailers and Government encouraging digitization of the market; Growth of Real-time Payments, especially Buy Now Pay Later in the country. Potential restraints include: Talent Shortages in Specific Technologies. Notable trends are: Significant Growth in Payment is Expected due to Digital Transformation.

The Middle East & Africa BNPL market is booming, with a CAGR exceeding 25%! Learn about key players, market trends, and future growth projections in this comprehensive analysis of the Buy Now, Pay Later industry across the region. Discover the lucrative opportunities and challenges in this rapidly expanding sector. Recent developments include: January 2022 - Lipa Later, a Kenyan BNPL startup, has secured USD 12 million in pre-series A funding to grow across Africa. This new capital, according to the firm, would allow them to supply their buy-now-pay-later services to their current pipeline of users, strengthen their presence in current markets (Kenya, Uganda, and Rwanda), and expand into new markets such as Nigeria, South Africa, Ghana, and Tanzania., February 2022 - Postpay, a UAE-based fintech, has struck a debt financing agreement with the Commercial Bank of Dubai (CBD) to expand its portfolio of financial products. This initial debt financing arrangement is just another example of how fintech and traditional banks are collaborating to harness their total knowledge and skills to improve the market's spectrum of financial products.. Notable trends are: Growth in E-commerce in Middle East and Africa is increasing.

This report covers Growth in Remittance UAE, Personal Remittance Market in UAE, Business Remittance Transaction Volume UAE.

GlobalData’s "The Cards and Payments Industry in the UAE: Emerging trends and opportunities to 2020" report provides detailed analysis of market trends in the UAE cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, payment cards, and cheques during the review-period (2012-16e). Read More

The most popular online payment method in the United Arab Emirates (UAE) in 2024 was by card at approximately ** percent. It was followed by e-wallets at ** percent in that year. The most common card scheme for that year was Visa.  UAE e-commerce The e-commerce industry in the UAE has been booming over the years. The country was one of the fastest-growing e-commerce countries due to its readiness factors. The UAE has been working on improving its internet penetration and adoption, e-payment platforms, and growth of the logistic infrastructure which have contributed to the increased public trust in e-commerce platforms. Also, the industry is diverse as it incorporates government services and education payments in additional to the traditional shopping. The leading e-commerce segment in UAE in 2023 was toys, hobby and DIY. The government is continuously encouraging the electronic economy to solidify the country as a regional core for the growth of online businesses. An example is by providing support for entrepreneurial initiatives such as the Dubai Future Foundation.  COVID-19 impact on UAE digital market    Prior to the COVID-19 pandemic, the value of e-commerce sales in the UAE was forecasted to reach ** billion U.S. dollars by 2022. However, new COVID-19 regulations have accelerated the growth of the industry, with online sales being the alternative to traditional shopping. Around one-third of respondents in a survey on the impact of COVID-19 on online shopping in the UAE in 2020 stated that they increased their online shopping frequency after the pandemic. The digital readiness of the country ensured a swift response to the pandemic. The Telecommunications Regulatory Authority (TRA) also eased e-commerce licenses in the early COVID-19 period.