Market Research Report Money Transfer UAE,Mobile Wallets Users UAE,Exchan | Page 10

May 2017
UAE Remittance and Bill Payments Market Outlook to 2021
Executive Summary
UAE Remittance and Bill Payments Market Outlook to 2021- Ken Research
Latest Ken research Report on “UAE Remittance and Bill Payments Market
Outlook to 2021 – Rising Expatriate Population, Growing Business Activities and
Increasing Demand for Utilities to Foster Growth” which provides a
comprehensive analysis of remittance and bill payments market in UAE. The report
covers market size, segmentation on the basis of remittance channel, mode of
transfer, type of service and remittance corridor for international remittance market.
For domestic remittance market, it covers market size, segmentation on the basis of
remittance channel and type of services. It also includes the bill payments market in
the country covering the market size and segmentation by type of bills. The report
also covers government regulations in the market, competitive landscape and
company profiles for major players in the remittance and bill payments market. The
report provides detailed overview on future outlook & projections with analyst
recommendations for the industry.
The report facilitate the readers with an identification and in-depth analysis of the
existing and future trends, issues and challenges prevalent in the industry and
anticipated growth in the future depending upon changing industry dynamics in
coming years. The report is useful for exchange houses, banks, bill payment portals
and other stakeholders to align their market centric strategies according to ongoing
and expected trends in the future.
Industry Overview
UAE Remittance market is led by the international remittances and domestic
remittances which are represented by the workers remittance outflow, the domestic
business to business and personal remittances. During 2011-2016, the international
and domestic remittance markets have showcased a remarkable growth at a CAGR
of ~%. Market growth can be attributed to factors such as increasing number of
expatriates, growing infrastructure and developmental activities, rising business
sectors and others related factors. Similarly, there had been a decent growth in the
UAE bill payments market displaying a CAGR of ~% during 2011-2016. The
amplification exhibited by the market should be owed to rising utility bills due to the
rising consumption of energy, water, mobile phones and other utilities.
Market Segmentation of UAE Remittance and Bill Payments Market
International Remittance Market
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