UAE Remittance and Bill Payments Market Outlook to 2021- Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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 International remittance market in UAE is segmented on the basis of remittance channel, mode of transfer, remittance corridors and type of services. In terms of workers remittance outflow, the market is dominated by exchange houses that account for a share of ~% in 2016 followed by banks. Electronic mode of transfer dominated the market with a share of ~% in 2016 in the workers remittance outflow. It is followed by cash account and money order. UAE-India represents the major international remittance corridor followed by US, Pakistan, Philippines, UK, Egypt, Bangladesh, Jordan and others. During 2016, direct credit to bank account and online services dominated the market with a share of ~% in terms of workers remittance outflow followed by cash pick up and prepaid card services. Domestic Remittance and Bill Payments Market Domestic remittance market in UAE is segmented on the basis of remittance channel and type of service in terms of transaction volume. As of 2016, the market is dominated by banks with a share of ~% followed by the non-banking transfer agents. Direct credit to account and online services are majorly used across the country. It accounts for a share of ~% in the market in 2016 followed by cash pick up and prepaid cards. Bill payments market is dominated by the electricity bills that held a share of ~% in 2016 followed by water, mobile, broadband and DTH bills. Competitive Landscape International remittance market is a highly competitive market. In UAE international remittances are carried out through exchange houses and banks. Exchange houses have the major share in the transfer. There are more than ~ licensed exchange houses with more than ~ branches in the country. There are three major exchange houses that hold more than ~% share in the market. These exchange houses are competing on the basis of number of transactions, volume of transaction, number of branches, services offered and others. The major exchange houses in the country include UAE Exchange, Al Ansari Exchange, Al Fardan Exchange, Sharaf Exchange and others. Future Potential The UAE remittance and bill payments market has witnessed a considerable growth in past five years and the market is anticipated to grow at a CAGR of ~% during the forecast period, 2017-2021. Amplification of the market can be owed to the factors such as rising employment opportunities owing to the infrastructure developmental activities linked to the World Expo 2020 in Dubai, expansion of airports, the Etihad rail, air and marine transport systems and road networks in the country. Rising number of expatriates, internal migration, growing non-oil private sector businesses, rising utility prices and other related factors are set to augment growth in the market during the forecast period. Key Topics Covered in the Report: UAE Remittance and Bill Payments Market Overview and Genesis Value Chain Analysis in UAE Remittance Market Comparison of Global Remittance and UAE Remittance Market UAE International Remittance Market Size UAE International Remittance Market Segmentation Future Outlook and Projections of UAE International Remittance Market UAE Domestic Remittance Market Size UAE Domestic Remittance Market Segmentation Future Outlook and Projections of UAE Domestic Remittance Market UAE Bill Payments Market Size UAE Bill Payments Market Segmentation Future Outlook and Projections of UAE Bill Payments Market Trends and Developments in UAE Remittance and Bill Payments Market Issues and Challenges in UAE Remittance and Bill Payments Market SWOT Analysis of UAE Remittance and Bill Payments Market Competitive Landscape of Major Players in UAE Remittance and Bill Payments Market Macroeconomic Factors affecting UAE Remittance and Bill Payments Market For More details Visit : https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/uae-remittance-bill-payment-market/110397-93.html Related Reports by Ken Research India Bills Payment Market Outlook to 2020 – Rising Internet Penetration and Advent of Mobile Wallet to Shape Future Growth Philippines Domestic and International Money Transfer Industry Outlook to 2019 – Driven by Mobile Money and Increase in OFWs Philippines Pawnshop Market Outlook to 2020 – Convenience with Pawning and Remittance Services to Stimulate Growth Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Abu Dhabi Money Transfer Industry, Al Ansari Exchange Remittance flow, Banking Channel Money Transfer in UAE, Bill Payment Market in UAE, Business Remittance Transaction Volume UAE, Cash Transfer Remittance UAE, Domestic Money Transfer Market Dubai, Domestic Remittance Market in UAE, Door to Door Services Remittance UAE, Dubai Abu Dhabi Flow Corridor, Dubai Abu Dhabi Remittance, Exchange House Money Transfer in UAE, Flow Corridors Remittance UAE, Growth in Remittance UAE, Inbound Money Transfer in UAE, Mobile Wallets Users UAE, Money Transfer UAE, Number of Remittance Transaction in Dubai, Online Payment Market in Dubai, Outbound Money Transfer in UAE, Outbound Remittance in UAE, Personal Remittance Market in UAE, Personal Remittance Received in UAE, Remittance Flows from UAE, Remittance future in UAE, Sharaf Exchange Remittance in UAE, Top Recipient of UAE Remittance, Trriple Money Transfer Volume in UAE, UAE Exchange Market Share Remittance, UAE Expat Remittance, UAE Remittance Market, UAE Remittance Statistics, United Arab Emirates Domestic Migration