Venezuela’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape, New Report Launched

Venezuela is one of the founding members of Organization of the Petroleum Exporting Countries (OPEC) and is one of the world’s biggest exporters of crude oil. The global crisis severely affected the Venezuelan economy, with the GDP growth contracting to reach -3.20% in 2009. Since early 2013, the country has faced food shortages, high inflation, and pressures on fixed currency exchange regulations. In a bid to revive the economy, the government is attempting to tackle problems in the core areas such the supply of goods, import of food staples, labor, and international travel. In May 2014, the government increased minimum wages by 30%, followed by increase in average salary of public administration workers and civil servants by 43% in July. The anticipated growth in economy over the forecast period (2014–2018) will have a positive effect on the card payments channel.

The Venezuelan card payments channel grew in value and volume terms during the review period (2009–2013). The channel grew from 24.7 million cards in circulation in 2009 to 34.6 million in 2013, at a compound annual growth rate (CAGR) of 8.77% and is anticipated to further post a CAGR of 6.74% over the forecast period, to reach 49.1 million in 2018. In terms of transaction value, the card payments channel grew VEF189.5 billion (US$88.3 billion) in 2009 to VEF845.3 billion (US$138.2 billion) in 2013, at a review-period CAGR of 45.32% and is anticipated to post a forecast-period CAGR of 21.50%, to reach to VEF2.5 trillion (US$139 billion) in 2018.

Banks in Venezuela are focusing on offering banking and financial services to customers residing in urban and rural areas, through low-cost channels such as internet and mobile banking and self-service terminals. This strategy serves several purposes: banks are able to reduce branch establishment costs, while customers benefit from not waiting in long queues, and can also avoid being robbed. Consequently, most Venezuelan consumers are open to modern payment methods.

In terms of transaction value, the debit and credit card categories recorded respective review-period CAGRs of 50.87% and 27.62%. In 2013, the value of debit card transactions at POS terminals was marginally greater than at ATMs, representing 51.8% of the total debit cards transaction value. Similarly, the value of credit cards transactions at POS terminals was greater than that at ATMs, representing 95% of the total credit cards transaction value. Increasing use of debit and credit cards at POS terminals and the growing need for credit among middle-class families are anticipated to increase card transaction values over the forecast period.

The report provides top-level market analysis, information and insights into Venezuela’s cards and payments industry, including:

  • Current and forecast values for each category of Venezuela’s cards and payments industry, including debit cards, credit cards and prepaid cards
  • Comprehensive analysis of the industry’s market attractiveness and future growth areas
  • Analysis of various market drivers and regulations governing Venezuela’s cards and payments industry
  • Detailed analysis of the marketing strategies adopted for selling debit, credit and prepaid cards used by banks and other institutions in the market
  • Comprehensive analysis of consumer attitudes and buying preferences for cards
  • The competitive landscape of Venezuela’s cards and payments industry

Scope

  • This report provides a comprehensive analysis of Venezuela’s cards and payments industry.
  • It provides current values for Venezuela’s cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting Venezuela’s cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details the marketing strategies used by various banks and other institutions.
  • It profiles the major banks in Venezuela’s cards and payments industry.

Reasons to Buy

  • Make strategic business decisions using top-level historic and forecast market data related to Venezuela’s cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities within Venezuela’s cards and payments industry.
  • Assess the competitive dynamics in Venezuela’s cards and payments industry.
  • Gain insights in to the marketing strategies used for selling various card types in Venezuela.
  • Gain insights into key regulations governing Venezuela’s cards and payments industry.

Key Highlights

  • The Venezuelan card payments channel grew in value and volume terms during the review period (2009–2013). The channel grew from 24.7 million cards in circulation in 2009 to 34.6 million in 2013, at a compound annual growth rate (CAGR) of 8.77% and is anticipated to further post a CAGR of 6.74% over the forecast period, to reach 49.1 million in 2018. In terms of transaction value, the card payments channel grew VEF189.5 billion (US$88.3 billion) in 2009 to VEF845.3 billion (US$138.2 billion) in 2013, at a review-period CAGR of 45.32% and is anticipated to post a forecast-period CAGR of 21.50%, to reach to VEF2.5 trillion (US$139 billion) in 2018.
  • Many factors supported the review-period growth, such as an increase in per capita income, payment infrastructure modernization, growth in retail, e-commerce and tourism industries. Venezuela’s government’s decision to offer social benefits to senior citizens through banks supported the growth of the debit cards category, while growing demand for credit among middle-income consumers following the economic crisis benefitted the credit cards category.
  • Banks in Venezuela are focusing on offering banking and financial services to customers residing in urban and rural areas, through low-cost channels such as internet and mobile banking and self-service terminals. This strategy serves several purposes: banks are able to reduce branch establishment costs, while customers benefit from not waiting in long queues, and can also avoid being robbed. Consequently, most Venezuelan consumers are open to modern payment methods.
  • In terms of transaction value, the debit and credit card categories recorded respective review-period CAGRs of 50.87% and 27.62%. In 2013, the value of debit card transactions at POS terminals was marginally greater than at ATMs, representing 51.8% of the total debit cards transaction value. Similarly, the value of credit cards transactions at POS terminals was greater than that at ATMs, representing 95% of the total credit cards transaction value. Increasing use of debit and credit cards at POS terminals and the growing need for credit among middle-class families are anticipated to increase card transaction values over the forecast period.

Spanning over 83 pages, 40 Tables and 49 Figures “Venezuela’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering Executive Summary, Analysis of Market Environment, Key Trends and Drivers, Cards and Payments Industry Share Analysis, Regulatory Framework and Card Fraud Statistics, Emerging Consumer Attitudes and Trends, Analysis of Card Payments and Growth Prospects, Analysis of Credit Card Payments and Growth Prospects, Analysis of Debit Card Payments and Growth Prospects, Analysis of Prepaid Card Payments and Growth Prospects, Merchant Acquiring, Company Profiles of Card Issuers, Appendix. This report Covered 8 Companies – Banesco Banco Universal, Banco de Venezuela, Banco Mercantil Universal, BBVA Provincial, Bancaribe, Banco Exterior , MasterCard, Visa.

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Russia Prepaid Cards: Market Update, New Report Launched

This report is the result of publisher extensive market research covering the Prepaid Cards market in Russia. It contains detailed data on market dynamics along with latest industry happenings, industry players in Russia. “Russia Prepaid Cards: Market Update” provides a top-level overview and detailed insight into the operating environment of the Prepaid Cards market in Russia. It is an essential tool for companies active across Russia Prepaid Cards value chain and for new players considering to enter the market.

The report presents detailed data on market growth dynamics for the Prepaid Cards market in Russia. It also provides data on latest market data, along with leading companies and latest deals in Russia Prepaid Cards market.

Furthermore the report enables readers to examine the components of change in the industry by looking at historic and future growth patterns broken down by segment.

It should be noted that a number of sections in this report will link clients to publisher Intelligence Centre’s (ICs). The information provided in the ICs is for subscribers only and therefore comes at a set cost. With this in mind, the given links should only be treated as references used in order to provide a better data interactivity.

Scope

“Russia Prepaid Cards: Market Update” provides you with the following:

  • Prepaid Cards Highlights
  • Transaction Value by Card type
  • Market Growth Dynamics by Card
  • Market Growth Comparison
  • Leading Companies

Reasons To Buy

  • Enhance your understanding of the Prepaid Cards market in Russia.
  • Promote growth in your business with detailed market growth dynamics by sector, as well as by market comparison.
  • Identify the future pattern of market trends, from winners and losers to market dynamics; and thereby quickly and easily indentify the key areas in which they want to compete in the future.
  • Familiarise yourself with the companies active in Russia Prepaid Cards market.

Spanning over 21 pages, 5 Tables and 5 Figures “Russia Prepaid Cards: Market Update” report provide Pay Before Cards – Highlights, Latest Market Data, Latest Deals, Leading Companies and the report cover 3 companies – Sberbank Rossii OAO, Gazprombank, Bank Vozrozhdeniye OAO.

Inquiry for more information visit: http://www.marketresearchreports.com/timetric/russia-prepaid-cards-market-update

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Marine, Aviation and Transit Insurance in Vietnam to 2017: Market Databook, New Report Launched

Marine, Aviation and Transit Insurance in Vietnam to 2017: Market Databook report contains detailed historic and forecast data for marine, aviation and transit insurance. This report provides detailed insight into the operating environment of the non-life insurance industry in Vietnam. It is an essential tool for companies active across the Vietnamese non-life insurance value chain and for new players considering to enter the market.

The report contains detailed historic and forecast data covering marine, aviation and transit insurance in the non-life insurance industry in Vietnam. This databook provides data gross written premiums, earned premiums, number of active policies, number of schemes offered, penetration percentage, gross claims, paid claims, change in outstanding reserves, incurred loss, loss ratio percentage and density and penetration.

Scope

  • Historic and forecast data for marine, aviation and transit insurance in the non-life insurance industry in Vietnam for the period 2008 through to 2017.
  • Historic and forecast data on gross written premiums, earned premiums, number of active policies, number of schemes offered, penetration percentage, gross claims, paid claims, change in outstanding reserves, incurred loss, loss ratio percentage and density and penetration. for the period 2008 through to 2017.

Reasons To Buy

  • This report provides you with valuable data for the non-life insurance industry covering marine, aviation and transit insurance in Vietnam.
  • This report provides you with a breakdown of market data including data on gross written premiums, earned premiums, number of active policies, number of schemes offered, penetration percentage, gross claims, paid claims, change in outstanding reserves, incurred loss, loss ratio percentage and density and penetration.
  • This report allows you to plan future business decisions using the forecast figures given for the market.

Spanning over 56 pages, 65 Tables and 44 Figures “Marine, Aviation and Transit Insurance in Vietnam to 2017: Market Databook” report provide Policies And Premiums, Claims And Expenses, Claims And Expenses, Marine Hull Insurance, Marine Liability Insurance,  Aviation Insurance, Transit Insurance, Appendix.

Inquiry for more information visit: http://www.marketresearchreports.com/timetric/marine-aviation-and-transit-insurance-vietnam-2017-market-databook

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Japan Prepaid Cards: Market Update, New Report Launched

This report is the result of publisher extensive market research covering the Prepaid Cards market in Japan. It contains detailed data on market dynamics along with latest industry happenings, industry players in Japan. “Japan Prepaid Cards: Market Update” provides a top-level overview and detailed insight into the operating environment of the Prepaid Cards market in Japan. It is an essential tool for companies active across Japan Prepaid Cards value chain and for new players considering to enter the market.

The report presents detailed data on market growth dynamics for the Prepaid Cards market in Japan. It also provides data on latest market data, along with leading companies and industry news in Japan Prepaid Cards market.

Furthermore the report enables readers to examine the components of change in the industry by looking at historic and future growth patterns broken down by segment.

It should be noted that a number of sections in this report will link clients to publisher Intelligence Centre’s (ICs). The information provided in the ICs is for subscribers only and therefore comes at a set cost. With this in mind, the given links should only be treated as references used in order to provide a better data interactivity.

Scope

“Japan Prepaid Cards: Market Update” provides you with the following:

  • Prepaid Cards Highlights
  • Transaction Value by Card type
  • Market Growth Dynamics by Card
  • Market Growth Comparison
  • Leading Companies
  • Latest Industry News.

Reasons To Buy

  • Enhance your understanding of the Prepaid Cards market in Japan.
  • Promote growth in your business with detailed market growth dynamics by sector, as well as by market comparison.
  • Identify the future pattern of market trends, from winners and losers to market dynamics; and thereby quickly and easily indentify the key areas in which they want to compete in the future.
  • Familiarise yourself with the companies active in Japan Prepaid Cards market.
  • Improve your knowledge of the industry news in Japan.

Spanning over 26 pages, 4 Tables and 4 Figures “Japan Prepaid Cards: Market Update” report provide  Pay Before Cards – Highlights,  Latest Market Data, Latest Deals, Leading Companies, Latest News and the report cover 4 companies – Sumitomo Mitsui Financial Group, Inc., The Bank of Yokohama, Ltd., Mitsubishi UFJ Financial Group, Inc., JCB Co., Ltd.

Inquiry for more information visit: http://www.marketresearchreports.com/timetric/japan-prepaid-cards-market-update

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MarketResearchReports Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

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Japan Cards and Payments: Market Update, New Report Launched

This report is the result of publisher extensive market research covering the cards and payments industry in Japan. It contains detailed data on market dynamics along with latest industry happenings, industry players in Japan. “Japan Cards and Payments: Market Update” provides a top-level overview and detailed insight into the operating environment of the cards and payments industry in Japan. It is an essential tool for companies active across Japan cards and payments value chain and for new players considering to enter the market.

The report presents detailed data on market growth dynamics for the cards and payments industry in Japan. It also provides data on latest market data, along with leading companies, latest deals and industry news in Japan cards and payments market.

Furthermore the report enables readers to examine the components of change in the industry by looking at historic and future growth patterns broken down by segment.

It should be noted that a number of sections in this report will link clients to publisher Intelligence Centre’s (ICs). The information provided in the ICs is for subscribers only and therefore comes at a set cost. With this in mind, the given links should only be treated as references used in order to provide a better data interactivity.

Scope

“Japan Cards and Payments: Market Update” provides you with the following:

  • Cards and Payments Highlights
  • Transaction Value by Card type
  • Market Growth Dynamics by Card
  • Market Growth Comparison
  • Leading Companies
  • Latest Industry News.

Reasons To Buy

  • Enhance your understanding of the cards and payments industry in Japan.
  • Promote growth in your business with detailed market growth dynamics by sector, as well as by market comparison.
  • Identify the future pattern of market trends, from winners and losers to market dynamics; and thereby quickly and easily indentify the key areas in which they want to compete in the future.
  • Familiarise yourself with the companies active in Japan cards and payments industry.
  • Improve your knowledge of the industry news in Japan.

Spanning over 35 pages, 10 Tables and 10 Figures “Japan Cards and Payments: Market Update” report provide Cards and Payments – Highlights,  Latest Market Data, Latest Deals, Leading Companies, Latest News and the report cover 5 companies – Sumitomo Mitsui Financial Group, Inc., Mizuho Financial Group, Inc., Sumitomo Mitsui Trust Holdings, Inc., Mitsubishi UFJ Financial Group, Inc., Credit Saison Co., Ltd.

Inquiry for more information visit: http://www.marketresearchreports.com/timetric/japan-cards-and-payments-market-update

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MarketResearchReports Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

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India Prepaid Cards: Market Update, New Report Launched

This report is the result of publisher’s extensive market research covering the Prepaid Cards market in India. It contains detailed data on market dynamics along with latest industry happenings, industry players in India. “India Prepaid Cards: Market Update” provides a top-level overview and detailed insight into the operating environment of the Prepaid Cards market in India. It is an essential tool for companies active across India Prepaid Cards value chain and for new players considering to enter the market.

The report presents detailed data on market growth dynamics for the Prepaid Cards market in India. It also provides data on latest market data, along with leading companies, latest deals and industry news in India Prepaid Cards market.

Furthermore the report enables readers to examine the components of change in the industry by looking at historic and future growth patterns broken down by segment.

It should be noted that a number of sections in this report will link clients to publisher’s Intelligence Centre’s (ICs). The information provided in the ICs is for subscribers only and therefore comes at a set cost. With this in mind, the given links should only be treated as references used in order to provide a better data interactivity.

Scope

“India Prepaid Cards: Market Update” provides you with the following:

  • Prepaid Cards Highlights
  • Transaction Value by Card type
  • Market Growth Dynamics by Card
  • Market Growth Comparison
  • Leading Companies
  • Latest Industry News.

Reasons To Buy

  • Enhance your understanding of the Prepaid Cards market in India.
  • Promote growth in your business with detailed market growth dynamics by sector, as well as by market comparison.
  • Identify the future pattern of market trends, from winners and losers to market dynamics; and thereby quickly and easily indentify the key areas in which they want to compete in the future.
  • Familiarise yourself with the companies active in India Prepaid Cards market.
  • Improve your knowledge of the industry news in India.

Spanning over 29 pages, 5 Tables and 5 Figures “India Prepaid Cards: Market Update” report provide Latest Market Data, Latest Deals, Leading Companies, Latest News and the report cover 4 companies – Axis Bank Limited, ICICI Bank Limited, HDFC Bank Limited, State Bank of India.

Inquiry for more information visit: http://www.marketresearchreports.com/timetric/india-prepaid-cards-market-update

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MarketResearchReports Inc. is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

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China Cards and Payments: Market Update, New Report Launched

This report is the result of publisher extensive market research covering the cards and payments industry in China. It contains detailed data on market dynamics along with latest industry happenings, industry players in China. “China Cards and Payments: Market Update” provides a top-level overview and detailed insight into the operating environment of the cards and payments industry in China. It is an essential tool for companies active across China cards and payments value chain and for new players considering to enter the market.

The report presents detailed data on market growth dynamics for the cards and payments industry in China. It also provides data on latest market data, along with leading companies, latest deals and industry news in China cards and payments market.

Furthermore the report enables readers to examine the components of change in the industry by looking at historic and future growth patterns broken down by segment.

It should be noted that a number of sections in this report will link clients to publisher Intelligence Centre’s (ICs). The information provided in the ICs is for subscribers only and therefore comes at a set cost. With this in mind, the given links should only be treated as references used in order to provide a better data interactivity

Scope

“China Cards and Payments: Market Update” provides you with the following:

  • Cards and Payments Highlights
  • Transaction Value by Card type
  • Market Growth Dynamics by Card
  • Market Growth Comparison
  • Leading Companies
  • Latest Industry News.

Reasons To Buy

  • Enhance your understanding of the cards and payments industry in China.
  • Promote growth in your business with detailed market growth dynamics by sector, as well as by market comparison.
  • Identify the future pattern of market trends, from winners and losers to market dynamics; and thereby quickly and easily indentify the key areas in which they want to compete in the future.
  • Familiarise yourself with the companies active in China cards and payments industry.
  • Improve your knowledge of the industry news in China.

Spanning over 38 pages, 10 Tables and 10 Figures “China Cards and Payments: Market Update” report provide Cards and Payments – Highlights, Latest Market Data, Latest Deals, Leading Companies, Latest News and the report cover 5  companies – China Construction Bank Corporation, Bank of China Limited, Agricultural Bank of China Limited, Industrial and Commercial Bank of China Limited, Bank of Communications Co., Ltd.

Inquiry for more information visit: http://www.marketresearchreports.com/timetric/china-cards-and-payments-market-update

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MarketResearchReports.com: Self-Service Branch Banking Report reveals implementation strategies and best practices adopted by retail banks, New Report Launched

The retail banking industry’s banking channel has evolved from traditional full-service branch banking to alternate channels such as online, mobile and self-service. Full-service branches still play a key role in the distribution of banking products and services as banks rely on these branches to generate the vast majority of revenue. However, the operating expenses and infrastructural investments associated with full-service branches encourage banks to consider low-cost self-service branch banking to expand their market presence. Banks have redefined branch banking following the financial crisis in order to maintain operational efficiency and to improve overall financial performance. While full-service branches remain the primary contact point for customers, banks realize that the expansion of the branch model is not sustainable due to rising real estate costs and changing consumer preferences. Low-cost channels such as self-service, online and mobile banking have therefore been gaining momentum. These channels are adopted with the aim of cost-effectively expanding business in rural and unbanked areas.

The report provides market analysis, information and insights into self-service branch banking with global snapshot of self-service branch banking adopted by retail banks in developing and developed economies in the banking industry. Report also gives brief analysis of self-service branch banking trends and drivers and key operational opportunities and models adopted by retail banks globally.

Report also covers a comprehensive analysis of self-service branch banking business models adopted by retail banks and insight into the various trends seen in self-service branch banking. Operational, technological and regulatory drivers driving the growth of retail banks are also covered.

Key Highlights of this report

  • The number of ATMs deployed in key countries increased during the review period (2008–2012), making them the most widely-used self-service banking model. In the US, the total number of ATMs increased from 425,010 in 2008 to 444,872 in 2012.
  • The adoption of new technology enables banks to upgrade their branch banking models with advanced banking features and to distinguish themselves from competitors. Such features include biometric ATMs for secure banking transactions and contactless ATMs for faster transactions. Furthermore, the use of videoconferencing in ATMs enables interaction with bank employees for banking assistance.
  • Retail banks around the world seek to expand their business footprints in unbanked and under-banked areas to target new customers and gain market share. However, the establishment of full-service branches is not always feasible for banks due to the costs associated with it, driving banks to adopt the self-service branch banking model to remain cost-effective. Banks set up these types of branches in remote areas and at places with high customer footfall such as stadiums, shopping malls, railway stations and marketplaces.
  • The penetration of self-service branches has increased as banks are more reliant on offering quality service and enhanced customer experiences through facilities in these branches such as automated self-service kiosks, flagship branches, contactless ATMs and in-store self-service branches. Consumers can now conduct around 80% of banking transactions through ATMs and other automated banking channels without staff assistance.

For more info visit: http://www.marketresearchreports.com/timetric/2020-foresight-report-self-service-branch-banking

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MarketResearchReports.com: 2020 Foresight Report: Private Label Cards – Opportunities and Challenges in Asia-Pacific

Private-label cards (PLCs) have emerged as a lucrative investment tool for a range of organizations and retail stores in Asia-Pacific. The PLC sector has recorded substantial growth over the last five years across key markets, although it is still in a nascent stage in comparison with the overall cards and payments industry. The growth is currently being driven by prepaid cards and this is expected to continue over the coming five years. Taking its cue from western counterparts, with the exception of a few markets, the sector in the Asia-Pacific region has maintained a safe distance from private-label credit instruments. Furthermore, retailers have started to use analytics to their advantage, and the structured use of customer information has enabled them to develop effective strategies, such as exclusive offers tailored for particular cardholders for important occasions in their lives.

 For more information visit:2020 Foresight Report: Private Label Cards – Opportunities and Challenges in Asia-Pacific

Among the key countries studied in terms of closed-loop prepaid cards, the main PLC category in India shows the greatest potential in terms of an increase in the total number of closed-loop cards in circulation with forecast CAGR of 27.8% over 2012–2017. India will be followed by China with a CAGR of 14.2% over 2012–2017. However, China will continue to be the largest market for closed-loop prepaid cards, with the total number of cards in circulation expected to cross the 500 million mark by the end of 2017. Factors such as the rise of NFC-enabled POS terminals, urbanization, growth in retail sales and fuel consumption, increased use by the unbanked population, and the use of gift cards as tax incentives are expected to drive this growth.

The report provides useful information and insights into the dynamics of the Private Label Cards (PLC) sector in Asia-Pacific:

  • Analysis of sector dynamics including current and emerging trends and business drivers, benefits for issuers and consumers, and operational and regulatory challenges
  • Provides market potential of closed-loop prepaid cards in selected key countries of the region with historical and forecast number of cards in circulation
  • Includes information on key end markets and leading issuers within each category for selected countries
  • Insights into key product and consumer segmentation strategies adopted by issuers in key end markets
  • Insights into current sales and distribution strategies and their future outlook

Scope

  • This report provides comprehensive analysis of PLCs in Asia-Pacific and uses five key countries in the region to study trends, opportunities and challenges in detail
  • Provides data centric focus on closed-loop prepaid cards which dominate the PLC sector in the region
  • Analyzes product and segmentation strategies adopted by key issuers in selected countries
  • Examines major end markets that lead in issuance of PLCs in the region
  • Covers key sales and distribution strategies and their future outlook

Reasons To Buy

  • Gain insights into the latest developments in the sector to streamline your PLC model
  • Understand the key benefits and challenges to develop a cost effective strategy
  • Learn about growth potential in key markets over the next five years
  • Gain insights into industry structure and competitive landscape of PLCs in the region
  • Learn about key product and segmentation strategies along with sales and distribution strategies adopted by key issuers

Key Highlights

  • The PLC sector has recorded strong growth over the last five years across key Asia-Pacific markets, led by a boom in prepaid cards. This category has now become a key tool for issuers across key end markets – fuel and fleet, retail and phone, and transit – to drive revenues and reduce costs, leading to higher profitability.
  • Marketing has improved with highly customized targeting across business-to-business and business-to-consumer customers. Corporate clients are being targeted for employee incentives and tax benefits, while PLCs are widely marketed as gift products to individuals.
  • Among the key countries studied in terms of closed-loop prepaid cards, the main PLC category in India shows the greatest potential with forecast CAGR of 27.8% over 2012–2017.
  • Retailers have started to use analytics to their advantage, and the structured use of customer information has enabled them to develop effective strategies, such as exclusive offers tailored for particular cardholders for important occasions in their lives.
  • At present, PLC issuers are largely dependent on traditional sales and distribution channels, such as direct sales at card issuer stores and partnerships with third parties. However, a rise in the use of online channels has been noted over the last two to three years due to rising internet and smartphone penetration. Furthermore, the growing popularity of gift cards is also expected to provide impetus for investments that will lead to adoption and development of multiple channels.

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MarketResearchReports.com: 2020 Foresight Report: Captive Insurance

Growing uncertainties in the global economy and frequent rises in premiums in the commercial insurance industry have encouraged companies from diverse industries to set up their own captive insurance businesses. Companies across a diverse range of industries are increasingly employing captive insurance as part of their risk management strategies. These companies are exposed to various risks and unforeseen circumstances, and it is often not feasible for them to obtain insurance cover for these risks due to high premiums in the commercial market and the non-availability of insurance cover for some industry-specific risks. The four-leading industries in the world, in terms of the number of captives established, are financial institutions, healthcare service providers, retail and consumer products companies and infrastructure companies, mainly construction and power and utilities. In terms of the number of captives domiciled on a global scale, the leading destinations include Bermuda, the Cayman Islands, Guernsey, Luxembourg and the US state of Vermont. The key reasons for the popularity of these locations are the relatively low taxes that they levy on captives, favorable foreign direct investment (FDI) regulations, the availability of competent professional manpower and geographical advantages such as proximity to the main regions of operations of the parent companies. Many captive domiciles such as Bermuda and Guernsey have agreed not to adopt standards equivalent to Solvency II.

 For more information visit: 2020 Foresight Report: Captive Insurance

  • The report provides industry and geographic analysis, information and insights into the utilization of captive insurance. It also provides an in-depth analysis of the recent trends and developments in the field of captive insurance
  • Intensive analysis of the dynamics of the main industries (financial services, healthcare, retail and consumer products, and infrastructure companies) employing captive insurance and the recent trends and drivers in these industries that have been propelling the related companies to set up captive insurance companies
  • Detailed analysis of the major captive hubs of Bermuda, the Cayman Islands, Vermont (US), Guernsey and Luxembourg in terms of classes of business being insured, the key geographies that have been contributing to the setting up of captives in these destinations and the important drivers contributing to the popularity of these destinations as captive hubs
  • Detailed overview of steps required to be taken to set up captive insurance entities in the above mentioned captive destinations, the respective captive insurance related regulations in these destinations and the applicable fees and taxes
  • Provides a snapshot of the concept of captive insurance, the advantages that this insurance arrangement provides, the types of captive insurance entities that there are and the challenges that the captive insurance arrangement generates

Scope

  • This report provides a detailed analysis of the captive industry worldwide
  • It explains the concept of captive insurance, the benefits that accrue from it and the types of captives that can be setup
  • It details the main industries that have been employing captives and the recent trends for their increased use of captive insurance arrangements
  • It details the important captive insurance destinations across the world, the main drivers contributing to their popularity and the important geographies where companies have been setting up connected captives
  • It lists out the steps needed to be taken to set up captives in these destinations, the important regulations related to captive insurance companies in these destinations and taxes and fees applicable to captive insurance companies in these destinations

Reasons To Buy

  • Understand how a company can benefit by setting up its own captive insurance subsidiary
  • Understand the kind of industries where companies would benefit most by setting up captives
  • Gain insights into the important captive destinations where a company could set up its captive and the conditions specific to these destinations by which a company would benefit
  • Be informed about the key steps that a company has to take to establish a captive in the major captive hubs, the legal and regulatory framework in each of these destinations and the fees and other taxes applicable to the captives set up in these destinations

 Key Highlights

  • Increasingly, companies across the globe have been setting up captive insurance companies to save on insurance premium costs and also because of non-availability of certain types of insurance.
  • Companies operating in the fields of financial services, healthcare, retail and consumer products and infrastructure, comprising construction and power and utilities, have been increasingly adopting the captive insurance business model.
  • Financial institutions account for almost 20% of the total number of captives across the world. The risk management competencies of these institutions and the requirement of meeting Basel II/ III standards have been driving them towards the increased use of captives.
  • The number of captives set up by healthcare entities is expected to increase significantly, with many driven by the Patient Protection and Affordable Care Act (PPACA), passed by the US government in 2010.

For more information visit: 2020 Foresight Report: Captive Insurance

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