Demand for consumer credit is expected to persist over the forecast period, driven by GDP growth, rising oil prices, stable interest rates, and increased credit appetite from both consumers and financial institutions, with higher loan demand concentrated in the conventional banking sector. While gross lending of consumer credit is set to further rise, there may be some challenges and risks ahead, such as rising inflation and interest rates, geopolitical tensions, and financial market turbulence.
Buy Now Pay Later (BNPL) in the United Arab Emirates has been experiencing remarkable growth, driven by the increasing penetration of e-commerce and integration of BNPL options across merchant segments. Prominent BNPL providers such as Tabby, Tamara, and Cashew are extending their services beyond electronics into various sectors.
The United Arab Emirates is rapidly advancing its fintech sector through a strategic combination of government support, progressive regulatory frameworks, and forward-thinking initiatives. The nation's supportive regulatory environment and substantial government backing have established it as a fintech hub in the MENA region.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in United Arab Emirates with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in United Arab Emirates, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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