| Product Code: ETC5111785 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The Maldives continues to be a key destination for card imports, with top exporting countries including China, Taiwan, Singapore, Sri Lanka, and India. High Herfindahl-Hirschman Index (HHI) concentration in 2023 persisted into 2024, indicating a competitive market landscape. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 stands at a healthy 15.16%. This suggests sustained demand for card imports in the Maldives, with opportunities for market players to capitalize on this vibrant sector.
The Cards market in Maldives is projected to grow at a high growth rate of 10.73% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Cards Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Cards Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Cards Market - Industry Life Cycle |
3.4 Maldives Cards Market - Porter's Five Forces |
3.5 Maldives Cards Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Cards Market Revenues & Volume Share, By Usage, 2021 & 2031F |
3.7 Maldives Cards Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Maldives Cards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing tourism in the Maldives leading to a higher demand for payment solutions including cards. |
4.2.2 Growing adoption of digital payments and e-commerce in the Maldives. |
4.2.3 Government initiatives to promote a cashless economy and financial inclusion. |
4.2.4 Partnership between financial institutions and merchants to expand card acceptance infrastructure. |
4.3 Market Restraints |
4.3.1 Limited access to banking services and financial literacy among the population. |
4.3.2 Concerns regarding cybersecurity and data privacy hindering the adoption of card payments. |
4.3.3 Preference for cash transactions and a cultural inclination towards traditional payment methods. |
5 Maldives Cards Market Trends |
6 Maldives Cards Market Segmentations |
6.1 Maldives Cards Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Cards Market Revenues & Volume, By General Purpose, 2021-2031F |
6.1.3 Maldives Cards Market Revenues & Volume, By Private Label, 2021-2031F |
6.2 Maldives Cards Market, By Usage |
6.2.1 Overview and Analysis |
6.2.2 Maldives Cards Market Revenues & Volume, By General Purpose Re-Loadable Card, 2021-2031F |
6.2.3 Maldives Cards Market Revenues & Volume, By Government Benefit/Disbursement Card, 2021-2031F |
6.2.4 Maldives Cards Market Revenues & Volume, By Payroll Card, 2021-2031F |
6.2.5 Maldives Cards Market Revenues & Volume, By Others, 2021-2031F |
6.3 Maldives Cards Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Maldives Cards Market Revenues & Volume, By Retail Establishments, 2021-2031F |
6.3.3 Maldives Cards Market Revenues & Volume, By Corporate Institutions, 2021-2031F |
6.3.4 Maldives Cards Market Revenues & Volume, By Government, 2021-2031F |
6.3.5 Maldives Cards Market Revenues & Volume, By Financial Institutions, 2021-2031F |
6.3.6 Maldives Cards Market Revenues & Volume, By Others, 2021-2031F |
7 Maldives Cards Market Import-Export Trade Statistics |
7.1 Maldives Cards Market Export to Major Countries |
7.2 Maldives Cards Market Imports from Major Countries |
8 Maldives Cards Market Key Performance Indicators |
8.1 Average transaction value per card user. |
8.2 Number of card transactions conducted online. |
8.3 Percentage increase in the number of cardholders year-on-year. |
8.4 Average number of card transactions per tourist. |
8.5 Percentage of merchants accepting card payments. |
9 Maldives Cards Market - Opportunity Assessment |
9.1 Maldives Cards Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Cards Market Opportunity Assessment, By Usage, 2021 & 2031F |
9.3 Maldives Cards Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Maldives Cards Market - Competitive Landscape |
10.1 Maldives Cards Market Revenue Share, By Companies, 2024 |
10.2 Maldives Cards Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |