RNCOS

Growing Credit Card Market in Middle East

Press release   •   Dec 26, 2012 14:22 IST

Non-cash payment in Middle East is growing tremendously over the past few years owing to the strengthening banking industry. Among all, payment through credit card has become one of the most popular modes in the region. It has become more than a substitute for cash as a means of shopping in many countries of the Middle East.  On the top of that, the government is also taking various initiatives to promote non-cash payments in the region. For instance, the government has invested billions of Saudi Riyals to provide sophisticated technological infrastructure facilitating non-cash payments and supporting enhanced electronic banking services. Moreover, due to existing large untapped market, credit card market is exhibiting a strong growth potential for future as well.

As per our research, “Middle East Banking Sector Analysis”, the Middle-East region is one of the largest Islamic banking markets in the world. Banks and financial institutions across the Middle East are making huge investments in a variety of products and services to outshine their international peers. Further, the high level of banking penetration in the country reflects its relatively developed infrastructure that has significantly increased foreign participation. Various leading international investment banks are now launching joint ventures in the Kingdom. Additionally, the accelerated development of the Islamic financial markets, supporting international Islamic financial architecture, and the trend towards greater liberalization has enhanced the integration of Islamic finance into the international financial system.

Our report, “Middle East Banking Sector Analysis”, provides an extensive research and in-depth analysis on the country-wise banking sector in the Middle East, presenting information on their products and services. It also provides a business overview of several prominent players in the industry and regulatory developments for all the countries in the Middle East region. As such, our report facilitates clients towards devising strategic investment decision. The insights presented here will help in investigating leading-edge opportunities critical to the success of the banking industry in the Middle-East countries. Detailed data and analysis is sorted to help investors, financial service providers, and global banking players to navigate through the evolving banking sector in the Middle East.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM370.htm

Some of our Related Reports are:

- Oman Banking Sector Analysis (http://www.rncos.com/Report/IM437.htm)
- Kuwait Banking Sector Analysis (http://www.rncos.com/Report/IM436.htm)
- UAE Banking Sector Analysis (http://www.rncos.com/Report/IM435.htm)
- Saudi Arabia Banking Sector Outlook 2015 (http://www.rncos.com/Report/IM417.htm)
- Vietnam Plastic Card Market Forecast to 2013 (http://www.rncos.com/Report/IM240.htm)

Check Related REPORTS on: http://www.rncos.com/Banking&Insurance.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.