The value of electronic payments in the United
Arab Emirates (UAE) continues to rise much faster than the total
volume, data by the Central Bank of the UAE shows.

The Central Bank of the UAE has reported a
2.4% increase in the volume of transactions carried out on the last
quarter of year compared with the corresponding period a year ago,
to 19.4m.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The total value of transactions showed a more
impressive rise, increasing by 7.9% in the three months to December
on the year-ago quarter to AED21.43bn ($5.83bn).

Compared with the third quarter of 2011, there
was a 6.63% quarter-on-quarter increase in transaction volume to
the end of December to 19.4m. The total value of payments in the
fourth quarter was 5% higher than the previous quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.