UAE Online Loan Aggregator Market Outlook: 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 Socio-Economic Outlook Of UAE With a population of 9.68 Mn as of 2019, ~70% of the borrowing population belongs to the age group of 30-50 years. A major proportion of the population resides in urban areas including Dubai, Abu Dhabi & Sharjah thereby driving the demand for financial products in the country. High Job opportunities attract the ex-pat population to the UAE. >80% population is dominated by Expats with major influx coming from Asian countries. The government of the UAE has been diversifying its revenue & decreasing its dependency from Oil production to other areas such as tourism. Apart from this MSMEs have been contributing > 50% to country’s now oil GDP & at the same time providing employment opportunities to >90% of the working population. Housing Indicators: Declining house price index from 2014, especially in Dubai, restricting private investment. Index: 127.18 (Q2-’19), 173.8 (Q2-’14) Banking & Insurance Sector contribution to GDP as of 2017: 8.6% to the overall country’s GDP. Overview of Banking Sector in the UAE Increased penetration of virtual banking via Mobile (>85%), Online Banking (>90%) & ATMs (~100%) has caused a noticeable shift among customers to online banking for transactions like balance inquiries, funds transfer, etc. Retail Lending Scenario in the UAE Post 2016 oil crisis, NPAs increased therefore from there on banks became more cautious in disbursing loans to individuals. Increased rejection rates became a major reason for retail loan outstanding downfall from 2017. However, from 2019, there has been an observed recovery from Dubai & Northern Emirates region. UAE Online Loan Aggregator Industry Complete Customer Journey Followed: 7 step process starting from creating awareness among customers via articles, blogs, marketing channels, etc to disbursal of the loan (post loan assistance). Satisfied with previous customer service, the customer is expected to return back to avail of other products & services. Operating Model: Major players tend to follow either Lead Generation Model (fee received on per lead supplied) or Complete Customer Acquisition (commission on loan amount) Organizational Structure: Majorly comprises of Telesales team/Customer support team to drive the sales of different products. In-house Website development is also hired. Technology Stack: Aggregators built the website platform in-house driven by AI and running algorithms based on predictive modelling. CRM software is also procured from Third Party Vendors. Competitive Landscape of Online Loan Aggregators Nature of Competition: Concentrated among 5 players: Yallacompare, Souqalmal, Baikonur, PolicyBazaar UAE & Compare4benefits. Industry Stage: Early Adoption Stage Major Competing Parameters: Level of Traffic Generated & Conversion Rates, One-Stop Financial Service offerings, Partnerships with Loan Providers, After Loan Assistance & Customer Service, Tools, Tips & Advisory Services. Future Outlook of Loan Industry In UAE Owing to combined economic shock coming from plunging oil prices & COVID 19 outbreaks, immediate demand credit expected to be seen in 2020. Further, relaxations in loan terms & conditions, decreasing interest rates, etc expected to increase the demand for personal loans, credit cards, mortgages, SME/Commercial Loans. However, with car sales expected to continue its decline, car loans to remain underperforming segments. Outlook of Online Loan Aggregators In UAE COVID 19 outbreak expected to bring in major lifestyle changes making consumer prefer contactless services thereby creating a high potential for an online loan aggregation service. With high growth in revenue & lead generation (>100%) during 2019-2020, the industry is expected to become saturated thereby growing at a decreasing rate Analysts estimate that as a part of expansionary plans, major players are expected to diversify more in providing customized solutions & geographically expanding to other GCC countries. 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: – UAE Online Loans Market UAE Online Loans Industry UAE Online Loans Market Major Players COVID 19 Impact on UAE Loan Industry UAE Retail Loan Industry Analysis Online Brokers vs Online Aggregators UAE Online Brokers in UAE Commission Rate Online Aggregators UAE Credit Outstanding in the UAE in AED UAE Retail Loans Market Share Impact of COVID 19 on UAE Loan Industry UAE Online Aggregator Services Market YallaCompare Credit Cards Online Revenue For More Information on the Research Report, 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 Brokers in 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, الإمارات العربية المتحدة, الإمارات العربية المتحدة حجم سوق مجمع القروض عبر الإنترنت, 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 الإما, مستقبل سوق الإمارات العربية المتحدة للقرض عبر الإنترنت