How are Online Aggregators gaining momentum in UAE? – 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 Traditionally banks provided limited transparency on loan pricing & charges, making customers call up/visit bank branches just to attain basic loan pricing information. This gap was fulfilled with the introduction of the Loan Comparison website by YallaCompare in UAE. Loan Comparison websites facilitate comparison of credit options for multiple products including car loans, credit cards, personal loans, Mortgage and SME; from multiple loan providers at a given point of time. Following this model, new players including MoneyMall, Compare4Benefit, Souqalmal, etc. entered the UAEs marketplace. Threes aggregators do not charge any fees from customers but earn revenue in the form of fee per lead generated (Lead Generation Model) or commission on the loan amount (Customer Acquisition Process). With more than 10 players, the online aggregator industry in UAE (Revenue) recorded growth of >200% in 2019. Yet, when compared on infrastructural developments it still lags behind its global peers. Paisa Bazaar, one of the leading Online Loan Aggregators in India undertakes ~2Mn inquiries from ~27 Mn visitors per month. Given similar consumer behavior in both countries, players in the UAE can adopt certain features in order to improve their overall services. Its website employs a unique feature of matching consumer’s profile (Income, credit score, age, etc) to various loan provider’s criteria’s’ thereby providing customers with their chance of approval against each loan option available. Also, it is analyzed that majority of players in the UAE already invest in providing advisory services therefore as an add on complementary/chargeable facility a company can provide customized reports on improving customer’s credit scores With COVID 19 pandemic, the economic situation all over the country has been deteriorating with people facing pay cuts & job losses. With lockdown put across all over the country, SMEs are likely to suffer huge revenue losses as well. Therefore, in order to meet daily utility expenses & working capital requirements, (SME) retail loans demand is expected to increase at a growth rate of ~4% in 2020. Apart from this, a major switch in consumer behavior is expected with consumers preferring contactless online services. All these factors together are expected to bring in the growth of >5% in the number of leads generated across the industry thereby creating a huge opportunity for online aggregators in the UAE. Given the competition in the industry, it is pertinent for players to diversify their core as well as complimentary product offerings (Calculators, Saving Tools, Advisory, Blogs). This will not only help them in increasing overall revenue but also provides them the opportunity of utilizing customer information from one product to suggest its other products as well (Cross-Selling Opportunity). Companies Covered: – YallaCompare Souqalmal BankOnUs Policy Bazaar UAE SoulWallet UAE Cash Loans Time Period Captured in the Report: – Historical Period: 2015–2019 Forecast Period: 2020-2024 Key Topics Covered in the Report: – Socio-Demographic, Economic & Banking Scenario in UAE Snapshot of Lending scenario in The UAE with segmentation by Business & industrial Loans, Retail Loans, Loans to Government, Public Loans & Loans to Financial Institutions Retail Lending Scenario with Segmentation by Personal Loans, Credit Cards, Mortgage/Home Loan, Car Loan and Others Gaps in Traditional Loan Industry fulfilled by Online Loan Aggregators Online Loan Aggregator Industry in The UAE with Business Model followed End-to-End Customer Journey followed Technological & Operational Structure followed Regulatory Landscape in UAE Loan Industry Competitive Landscape including Overview, Ecosystem & Cross Comparison among major players on basis of Operational, Loan Providers, Product Portfolio, Strengths & Weakness Analysis, website Features Company Profiles-YallaComapre, Souqalmal, BankOnUs, PolicyBazaar UAE, SoulWallet, UAE Cash Loans International Case Studies-PaisaBazaar (India), Money Super Market (UK) Future Outlook of Retail Lending & Online Loan Aggregators Impact of COVID 19 For More Information on the assess product portfolio, Click on the Below Link: – UAE Online Loan Aggregators Industry Future Related Reports by Ken Research: – India Online Loans Market Outlook to 2019 – Industry Transformation by the Advent of Web Aggregators Competition Benchmarking: Indonesia Peer-to-Peer Lending Market Outlook to 2024 Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: BankOnUs Credit Cards Online Market Revenue, Commission Rate Online Aggregators UAE, COVID 19 Impact on UAE Loan Industry, Credit Outstanding in the UAE in AED, Fee rate Loan disbursement UAE, Future of UAE Online Loan Aggregator Market, Future Outlook of Retail Lending & Online Loan Aggregators, Impact of COVID 19 on UAE Loan Industry, Major Loan Providers in UAE, Online Broker vs Online Aggregators UAE, Online Loan Aggregator Industry UAE, Online Loan Aggregator Market UAE, Online Loan Industry in UAE, Online Loans Market in UAE, PolicyBazaar UAE Credit Cards Revenue, PolicyBazaar UAE Online Loan Market Share, PolicyBazaar UAE Personal Loan Revenue, Revenue Loan Aggregators UAE, Souqalmal UAE Personal Loan Revenue, UAE Cash Loans Online Loan Market, UAE Credit Cards Online Market, UAE Fintech Market, UAE Online Aggregator Services Market, UAE Online Car Loan Market, UAE Online Distribution Loan UAE, UAE Online Loan Aggregator Industry, UAE Online Loan Aggregator Industry Research Report, UAE Online Loan Aggregator Market, UAE Online Loan Aggregator Market Analysis, UAE Online Loan Aggregator Market Forecast, UAE Online Loan Aggregator Market Growth Rate, UAE Online Loan Aggregator Market Outlook, UAE Online Loan Aggregator Market Research Report, UAE Online Loan Aggregator Market Revenue, UAE Online Loan Aggregator Market Share, UAE Online Loan Aggregator Market Size, UAE Online Loan Market End Users, UAE Online Loan Market Major Players, UAE Online Loans Industry, UAE Online Loans Market, UAE Online Loans Market Major Players, UAE Online Mortgage Loan Market, UAE Online Personal Loans Market, UAE Online SME Loan Market, UAE Retail Loan Industry Analysis, UAE Retail Loans Market Share, YallaCompare Credit Cards Online Revenue, إيرادات سوق مجمّعات القروض الإماراتية عبر الإنترنت, ارات العربية المتحدة حجم سوق مجمع القروض عبر الإنترنت, الإم, الإمارات العربية المتحدة, الإمارات العربية المتحدة سوق القروض الرئيسية اللاعبين, الإمارات العربية المتحدة صناعة مجمع القروض عبر الإنترنت, الإمارات العربية المتحدة معدل نمو سوق القروض المجمعة عبر الإنترنت, تحليل سوق مجمّعات القروض الإماراتية عبر الإنترنت, تقرير أبحاث سوق مجمّعي القروض الإماراتي عبر الإنترنت, تقرير أبحاث صناعة مجمعي القروض الإماراتي عبر الإنترنت, توقعات سوق الإمارات العربية المتحدة للقرض عبر الإنترنت, توقعات سوق مجمّعي القروض الإماراتية عبر الإنترنت, حصة سوق مجمّعات القروض الإماراتية عبر الإنترنت, سوق الإمارات العربية المتحدة للقرض عبر الإنترنت, سوق القروض الإلكترونية الإماراتية, سوق القروض عبر الإنترنت في الإمارات, صناعة القروض عبر الإنترنت في الإمارات العربية المتحدة, مستقبل سوق الإمارات العربية المتحدة للقرض عبر الإنترنت