The prepaid card ecosystem in the UAE is expanding rapidly, and this growth carries real significance for banks, fintechs, and financial institutions like yours. Prepaid cards are now widely used to streamline payouts, manage controlled spending, and serve customers who may not hold traditional bank accounts.
Industry forecasts show that the prepaid card and digital wallet market in the UAE is expected to reach approximately USD 12.43 billion by 2029, growing at an annual rate of around 12.7 percent between 2025 and 2029. This growth reflects strong commercial demand and long-term viability.
If you operate within Dubai’s financial landscape, selecting the right prepaid card solution directly affects your customer experience, operating costs, regulatory readiness, and time to market.
To make the right choice, you need to assess card structure, foreign exchange capabilities, reload mechanisms, security controls, and alignment with UAE regulations. Equally important is choosing a provider that supports BIN spons
