Continuous measures to push lending through various forms and introduction of new products, while contributing to increased liquidity, can also heighten credit risks in the market. As financial institutions adopt aggressive lending strategies in the United Arab Emirates, such as lowering down payment requirements, offering extended grace periods, or providing low interest rates, it can stimulate borrowing and boost liquidity as more funds flow into the market.
Lending activity remains strong in the United Arab Emirates, despite increased interest rates and a challenging economic scenario globally. Changes in demographics, with a continual influx of residents and investments boosting employment growth, will benefit lending activity and greater consumption.
The United Arab Emirates emerges as a prime market poised for the robust growth of embedded finance solutions, driven by a confluence of pivotal factors. An impressive smartphone penetration rate, along with greater adoption of digital payment solutions and the success of BNPL, has strengthened an opportune landscape for engaging seamlessly with financial services through digital channels.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!