UAE Real Time Payments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

United Arab Emirates Real Time Payments Market is Segmented by Type of Payment (peer-to-peer (P2P), peer-to-business (P2B)).

UAE Real Time Payments Market Size

United Arab Emirates Real Time Payments Market Growth
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UAE Real Time Payments Market Analysis

The United Arab Emirates Real Time Payments Market is expected to register a CAGR of 14.56% during the forecast period.

  • Real-Time payments are instant payment systems that are initiated and settled at the same time of payment. The real-time payment is available throughout the weekdays, including weekends and holidays. These payments provide end-to-end communication and solve the issues of transparency and delay in the payments market.
  • The reliance on traditional banking has fallen dramatically in the past, with customers demanding more convenience and flexibility. There has been an emergence of new instant payment providers. These factors are driving the demand for the real-time payments market in the United Arab Emirates.
  • The government is taking initiatives in the country to promote the usage of real-time payment. For instance, In 2021, the Central Bank of the UAE (CB UAE) introduced NPSS (National Payment Systems Strategy) implemented NPSS (National Payment Systems Strategy) which is designed to make payment systems universally interoperable and foster the transition to a cashless society built around real-time - also known as instant - payments.
  • In February 2022, the Central Bank of the UAE (CBUAE) selected Accenture to lead a consortium of companies to help execute its National Payment Systems Strategy. In collaboration with SIA, now part of Nexi Group, and G42, Accenture will build and operate the National Instant Payment Platform (IPP) over the next five years.
  • Similarly, in November 2021, the National Payments Corporation of India (NPCI) arm NPCI International Payments Ltd (NIPL) signed a memorandum of understanding for a mobile-based real-time payment system in the UAE. It will also be facilitating UPI payments in sectors such as jewellery, supermarkets, and duty-free retailers.

UAE Real Time Payments Industry Overview

United Arab Emirates Real-Time Payments Market is moderately competitive in nature. The companies operating in the market are executing mergers and acquisitions and strategic partnerships to gain market share. Major players include Telr Pte Ltd., Amazon Payments, Inc, and Checkout Ltd., among others. A few recent developments are:

  • June 2022 - Mastercard launched its Digital First program to provide innovative and secure payment services. The initiative offers consumers the ease of applying online, instant digital card issuance, real-time card management, and secure, straightforward online payments. This is further strengthening the company's capabilities throughout Eastern Europe & MEA region.
  • January 2022 - Nium, Global payments, and cards issuance company, announced a strategic partnership with Al Mulla Exchange to enhance the operation of transfers for Al Mulla Exchange clients to key markets and regions globally. Nimu will offer the company multiple real-time payment corridors, B2B, B2P, P2P, and P2B cross-border payments in all major currencies.

UAE Real Time Payments Market Leaders

  1. ACI Worldwide Inc.​

  2. Volante Technologies Inc

  3. Fiserv, Inc.

  4. Mastercard Inc.​

  5. Stripe, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
ACI Worldwide Inc.​, Volante Technologies Inc, Fiserv, Inc., Mastercard Inc.​, Stripe, Inc.
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UAE Real Time Payments Market News

  • February 2022 - An association of companies led by Accenture was selected by the Central Bank of UAE (CBUAE) to build and operate instant payments platform for the country over the next five years. The new platform lays the groundwork for transforming the financial services ecosystem in the UAE.
  • January 2022 - ACI Worldwide, a global provider of real-time payment software, announced that the company is working with national banks to help connect to the United Arab Emirates' real-time payments scheme set to launch in October 2022. The UAE Instant Payments Platform (IPP) will enable instant transfers between bank accounts, with participation mandatory for all financial organizations in the country.

UAE Real Time Payments Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definitions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness-Porter's Five Force Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Evolution of the payments landscape in United Arab Emirates
  • 4.4 Key market trends pertaining to the growth of cashless transaction in United Arab Emirates
  • 4.5 Impact of COVID-19 on the payments market in United Arab Emirates

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increased Smartphone Penetration
    • 5.1.2 Falling Reliance on Traditional Banking
    • 5.1.3 Ease of Convenience
  • 5.2 Market Challenges
    • 5.2.1 Payment Fraud
    • 5.2.2 Existing Dependence on Cash
  • 5.3 Market Opportunities
    • 5.3.1 Government Policies Encouraging the Growth of Digital Paymentis expected to aid the growth of Real Time Payment methods amongst commoners
  • 5.4 Key Regulations and Standards in the Digital Payments Industry
    • 5.4.1 Regulatory Landscape Across the World
    • 5.4.2 Business Models with Potential Regulatory Roadblocks
    • 5.4.3 Scope for Development in Lieu of Evolving Business Landscape
  • 5.5 Analysis of major case studies and use-cases
  • 5.6 Analysis of Real Payments Transactions as a share of all Transactions with a regional breakdown of key countries by volume and transacted value
  • 5.7 Analysis of Real Payments Transactions as a share of Non-Cash Transactions with a regional breakdown of key countries by volumes

6. Market Segmentation

  • 6.1 By Type (Market share in percentage based on relative adoption)
    • 6.1.1 P2P
    • 6.1.2 P2B

7. Competitive Landscape

  • 7.1 Company Profiles
    • 7.1.1 ACI Worldwide Inc.
    • 7.1.2 Volante Technologies Inc
    • 7.1.3 Fiserv, Inc.
    • 7.1.4 Mastercard Inc.
    • 7.1.5 Stripe, Inc.
    • 7.1.6 Finastra
    • 7.1.7 Alipay (Ant Financials)
    • 7.1.8 Paypal Holdings Inc.
    • 7.1.9 Denarii Cash
    • 7.1.10 Mashreqbank PSC
  • *List Not Exhaustive

8. Investment Analysis

9. Future Outlook of the Market

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UAE Real Time Payments Industry Segmentation

A real-time payments system comprises technology that allows the transfer of money instantaneously between banks and banking systems.

The study tracks the current market scenario and the key developments in the Real-Time Payment market in the United Arab Emirates. Given the evolving nature of the market landscape, the major real-time payment providers operating in the country are analyzed in detail, based on their current business model. The United Arab Emirates Real-Time Payments Market is Segmented by Type of Payment ( peer-to-peer (P2P), peer-to-business (P2B)).

By Type (Market share in percentage based on relative adoption) P2P
P2B
By Type (Market share in percentage based on relative adoption)
P2P
P2B
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UAE Real Time Payments Market Research FAQs

What is the current United Arab Emirates Real Time Payments Market size?

The United Arab Emirates Real Time Payments Market is projected to register a CAGR of 14.56% during the forecast period (2025-2030)

Who are the key players in United Arab Emirates Real Time Payments Market?

ACI Worldwide Inc.​, Volante Technologies Inc, Fiserv, Inc., Mastercard Inc.​ and Stripe, Inc. are the major companies operating in the United Arab Emirates Real Time Payments Market.

What years does this United Arab Emirates Real Time Payments Market cover?

The report covers the United Arab Emirates Real Time Payments Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United Arab Emirates Real Time Payments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Page last updated on: June 16, 2024

UAE Real Time Payments Industry Report

Statistics for the 2025 United Arab Emirates Real Time Payments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United Arab Emirates Real Time Payments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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