Dublin, June 05, 2025 (GLOBE NEWSWIRE) -- The "Bahrain Cards and Payments: Opportunities and Risks to 2028" report has been added to ResearchAndMarkets.com's offering.
The report delivers an in-depth analysis of market trends within Bahrain's cards and payments landscape. Covering key performance indicators from credit transfers, cards, and cash to direct debits and cheques, this report presents value and volume data for the review period (2020-24e) and forecast period (2025f-29f). It explores diverse payment card markets, documenting the number of cards, and transaction values during these periods while shedding light on the competitive environment, including issuer and scheme market shares.
The report provides top-level market analysis, information and insights into the Bahraini cards and payments industry, including:
- Current and forecast values for each market in the Bahraini cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including credit transfer, card, cash, direct debits and cheques. It also, includes an overview of the country's key alternative payment instruments.
- Ecommerce market analysis.
- Analysis of various market drivers and regulations governing the Bahraini cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- The competitive landscape of the Bahraini cards and payments industry.
Key Highlights
- In September 2023, the Minister of Industry and Commerce of Bahrain inaugurated eFada, a complimentary ecommerce website certification program designed to enhance consumer safety and combat fraud. The display of the eFada emblem indicates that a business is a legitimate entity, possessing the requisite license for operation. The Minister of Industry and Commerce reported that, as of August 2024, the number of ecommerce businesses that had applied for eFada certification totaled 224. Initiatives of this nature are instrumental in fostering a secure online purchasing environment.
- Contactless payment options are becoming more popular among consumers. According to the central bank, the volume of contactless payments using cards increased from 31.9 million in 2020 to 168.9 million in 2024, while the value of contactless card payments increased from BHD438.7 million ($1.2 billion) in 2020 to BHD2.5 billion ($6.6 billion) in 2024. According to the same source, the volume of contactless payments increased from 13.1 million in January 2024 to 16.6 million in December 2024, whereas the value increased from BHD377.9 million ($1 billion) to BHD437.6 million ($1.2 billion) between the same time period.
- In view of rising preferences for flexible repayment options, in February 2024, Bahrain-based ila Bank introduced the Easy Payment Plan (EPP) feature in its banking app. This service provides a 0% interest rate on installments and is applicable to all in-store and online transactions of BHD100 ($265.96) and above. Customers have the flexibility to choose a duration of three, six, nine, or 12 months for their monthly installment payments. To access this feature, credit card holders can simply navigate to the credit card section of the ila Bank app. From there, they can click on the EPP icon and select the qualifying transaction along with the desired tenure.
Report Scope
- Card market size in terms of number of cards, value and volume of transactions in Bahrain along with detailed card segmentation of debit, credit and charge cards available in the country.
- Market sizing and analysis of major payment instruments including credit transfer, card, cash, direct debits and cheques .
- Payment market trends and growth for both historical and forecast period
- Competitor analysis with detailed insights into leading card issuers and schemes.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- A detailed snapshot of country's key alternative payment brands.
Company Coverage:
- National Bank of Bahrain
- Ahli United Bank
- Al Salam Bank
- Bahrain Islamic Bank
- BBK
- Al Baraka Islamic Bank
- Ithmaar bank
- American Express
- Visa
- Mastercard
Key Topics Covered:
- Executive Summary
- Market Overview
- Payment Instruments
- Card-Based Payments
- Alternative Payments
- Payment Innovation
- Job Analysis
- Payment Infrastructure and Regulation
For more information about this report visit https://www.researchandmarkets.com/r/vuhreq
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