Tag Archives: Industry
Growing Employment Opportunities and Rising Business Activities will Continue to Drive Remittance and Bill Payment Industry in UAE: Ken Research
- Infrastructure developmental activities being undertaken by the government to increase job opportunities in the country.
- Growing number of expatriates in UAE to augment growth in the international outbound remittance market.
- Rising business activities in the field of construction, real estate, information technology and others are anticipated to stimulate growth in the market.
- Increasing consumption of electricity, water, mobile phones and others are expected to stimulate growth in the bill payments market. Growing mobile wallet platform will lead to rise in penetration and user base with some initial customer acquisition cost.
The ever-growing remittance transaction volume in UAE is anticipated to escalate further in the coming years.