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

Ukraine’s economy was deeply impacted by the 2008–2009 global economic crises and saw demand decrease for its steel and chemical exports. In August 2010, Ukraine entered into an agreement with the International Monetary Fund (IMF) for US$15.1 billion to put the country on the growth path and revive its beleaguered banking sector, and GDP growth resumed from 2010 onwards reaching a peak of 5.11% in 2011.

A lack of government enthusiasm in implementing key reforms in the energy sector caused the IMF program to stall in 2011; as a result, real GDP growth fell to 0.3% in 2013. This led to a decrease in the foreign exchange reserves in 2013, with fears of sovereign debt default in 2014. In March 2014, the European Union (EU) and IMF announced bail-out packages worth EUR11.2 billion and US$14–18 billion respectively, to support Ukraine’s economy, although prospects over the forecast period (2014–2018) are uncertain due to the Crimean conflict.

The Ukrainian card payments channel grew at a healthy pace both in value and volume terms during the review period (2009–2013); the number of cards in circulation in the channel grew from 29.7 million in 2009 to 35.7 million in 2013, at a compound annual growth rate (CAGR) of 4.76%, and is anticipated to further post a CAGR of 5.06% over the forecast period to reach 45.3 million in 2018.

In terms of transaction value, the card payments channel grew at a review-period CAGR of 27.25%. The card payments channel is forecast to increase at a forecast-period CAGR of 14.50%.

Many factors supported review-period growth, such as an increase in per capita income, payment infrastructure modernization, and the adoption of technologically advanced payment cards. The government supported modernization in the form of regulations in September 2010 mandating all companies selling goods and services to accept card payments, contributed to the growth in value terms during the review-period. Banks have also targeted corporate employees and opened salary accounts, leading to the issue of debit cards in high volume.

Growing consumer demand for prepaid cards has forced banks and issuing companies to introduce many variants of prepaid cards to meet specific needs. PrivatBank and Prominvestbank offer the E Card and Visa Virtuon respectively, while Ukrsotsbank offers the Gift Card. Cards for other specific purposes such as public transport fares and online shopping are slowly gaining importance in Ukraine.

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

  • Current and forecast values for each category of Ukraine’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 Ukraine’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 Ukraine’s cards and payments industry

Scope

  • This report provides a comprehensive analysis of Ukraine’s cards and payments industry.
  • It provides current values for Ukraine’s cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting Ukraine’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 Ukraine’s cards and payments industry.

Reasons to Buy

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

Key Highlights

  • The value of e-commerce increased at a review-period CAGR of 49.18%. Over the forecast period, e-commerce is expected to increase at a forecast-period CAGR of 32.21%. Outbound tourist spending increased at review-period CAGR of 11.51%, and is expected to rise over the forecast period at a CAGR of 8.12%.
  • The growing popularity of contactless technology prompted banks in Ukraine to offer cards enabled with this technology. Card issuers have begun circulating contactless stickers which can be used to pay for purchases in large retail chains using mobile phones.

Spanning over 86 pages, “Ukraine’s Cards and Payments Industry – Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering the Analysis of Market Environment, Key Trends and Drivers, 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. The report covered companies are – PrivatBank, Raiffeisen Bank Aval, Ukrsotsbank, Ukreximbank, Prominvestbank, Delta Bank, Nadra Bank, NSMEP, UkrKart, MasterCard, Visa

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

The Thai card payments channel grew in value and volume terms during the review period (2009–2013). In terms of the number of cards in circulation, the channel grew from 61.2 million in 2009 to 119.5 million in 2013, at a compound annual growth rate (CAGR) of 18.20%, and is anticipated to further post a CAGR of 7.26% over the forecast period to reach 179.7 million in 2018. In terms of transaction value, the card payments channel grew THB4.1 trillion (US$119 billion) in 2009 to THB7.5 trillion (US$244.5 billion) in 2013, at a review-period CAGR of 16.48%. It is anticipated to post a forecast-period CAGR of 6.70%, to reach to THB11 trillion (US$353.8 billion) in 2018.

Many factors supported the review-period growth such as an increase in per capita income, payment infrastructure modernization, and an influx of foreign banks that have brought technological innovations and branch expansion opportunities with them. As banking customers become more sophisticated, banks are differentiating their product offerings and subsequently card customization for specific customer groups such as high-income individuals, travelers and online shoppers is gaining prominence. Banks are also using online, mobile and social media to promote products and services, and increase customer engagement.

Growing demand from consumers for prepaid cards has forced banks and issuing companies to introduce numerous variants of prepaid cards to meet specific needs. Krungthai Bank offers the KTB e-Money Card, while Bank of Ayudhya and Bangkok Bank offer the Krungsri Gift Card and Shell Prepaid Card respectively. Cards for other specific purposes such as public transport fares, online shopping and entertainment are slowly gaining importance.

Growth in the number of middle-class families and young population, the greater need for credit, changes in consumer spending habits and the easy approval of credit cards fueled demand. Banks are issuing customized credit cards targeted at diverse customer segments such as the young population, high-income customers and travelers. Co-branded credit cards are slowly gaining popularity in Thailand, and most are offered in association with retailers, oil companies and automobile manufacturers. Siam Commercial Bank (SCB), for example, offers the SCB Toyota Card in association with Toyota.

The value of e-commerce increased from THB61.2 billion (US$1.8 billion) in 2009 to THB156.4 billion (US$5.1 billion) in 2013, at a review-period CAGR of 26.44%. E-commerce is expected to reach THB446.9 billion (US$14.4 billion) in 2018, at a forecast-period CAGR of 22.36%.

Outbound tourist spending increased at a review-period CAGR of 5.80% and is expected to rise over the forecast period at a CAGR of 6.46% to reach THB218.5 billion (US$7 billion) in 2018. Strong economic growth and an increase in disposable incomes are likely to spur outbound spending. Banks are also offering reward points, discounts and free insurance cover. Positive growth prospects for the e-commerce and travel industries are expected to encourage growth. Banks are also encouraging customers to use payment cards by awarding cashback offers, discounts, reward points and purchase insurance.

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

  • Current and forecast values for each category of Thailand’s cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards
  • Comprehensive analysis of the industry’s market attractiveness and future growth areas
  • Analysis of various market drivers and regulations governing Thailand’s cards and payments industry
  • Detailed analysis of the marketing strategies adopted for selling debit, credit, charge 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 Thailand’s cards and payments industry

Scope

  • This report provides a comprehensive analysis of Thailand’s cards and payments industry.
  • It provides current values for Thailand’s cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting Thailand’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 Thailand’s cards and payments industry.

Reasons to Buy

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

Spanning Over 100 pages, Thailand’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering the 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 Charge Card Payments and Growth Prospects, Analysis of Prepaid Card Payments and Growth Prospects, Merchant Acquiring, Company Profiles of Card Issuers, Appendix. The report covered companies are – Siam Commercial Bank, Krungthai Bank, Kasikornbank Bangkok Bank, Bank of Ayudhya, Citibank, KCC Card, MasterCard, Visa, American Express, Diners Club

See Table of contents & Purchase this publication at: –   http://mrr.cm/ZeR

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Insight Report Best Practice in the Reward Credit Card Sector, New Report Launched

Banks are increasingly using rewards and loyalty programs as a tool for maintaining relationships with top-end customers, as these relationships provide high potential for revenue generation. Financial institutions are putting forward premium experiences and offers to increase loyalty and develop deeper banking relationships. Rightly positioned, unique rewards act as a key differentiator in a highly commoditized financial services market.

To remain profitable, banks have been making changes to their strategies and operational models which includes finding the optimum mix of funding options and reward offerings to achieve greater levels of customer loyalty and profitability. Both issuers and card schemes are partnering with airlines, hotels and popular brands to offer merchant-funded rewards. The strategy allows card issuers to improve the value of their reward credit cards without putting upward pressure on costs.

Consumers are traveling more than ever, and forecasts for outbound trips indicate that this trend will continue over the next five years in key economies. Consequently, card issuers and schemes offer credit cards that focus on travel benefits to increase customer retention and attract new customers. Travel credit card customers are often offered lounge access at airports, free or heavily discounted air tickets, preferential treatment at hotels and resorts, free valet parking, discounted limousine services, and insurance cover that ranges from travel accident to lost and delayed baggage, to trip cancellation.

There is increased investment in customer engagement strategies. Schemes and issuers are offering personal concierge services on their top-end credit cards, or access to exclusive events to differentiate their products. Issuers are also expanding their presence on social media and mobile platforms through various apps to drive brand loyalty. The increasing popularity of social media and smartphones also allows card issuers opportunities to enhance their marketing efforts while keeping costs low. In addition, customer check-ins at various locations using smartphones has opened up opportunities for a more targeted marketing effort that saves issuers resources, while providing more relevant deals and offers to customers.

The report provides insights into reward credit cards offered to customers in key markets:

  • It provides a global snapshot of current market dynamics for reward credit cards and their future outlook.
  • It provides insights into the key factors driving increased focus on rewards and loyalty programs.
  • It provides insights into best practices and key strategies adopted by card issuers in key card markets.
  • It provides information on value-added features offered by different types of credit card to attract customers.
  • It provides case examples which highlight the successful implementation of best practices and strategies in key markets.

Scope

  • This report covers the market size of credit cards in six key markets.
  • This report provides a comparative analysis of benefits and services offered by over 80 reward credit cards in key markets.
  • It covers key business drivers for card issuers to issue reward credit cards for various customer segments.
  • It covers key strategies adopted by card issuers for the six countries covered in the report.
  • It also provides case studies based on best practices adopted by the card issuers in these countries.

Reasons to Buy

  • Gain insights into market potential for reward credit cards in six key markets.
  • Gain insights into the product strategies of card issuers in key markets.
  • Gain insights into current and future sector dynamics for reward credit cards.
  • Understand emerging trends and drivers to streamline product offerings.

Key Highlights

  • Consumers are moving away from conspicuous consumption to more considered consumption, and access to special or unique experiences through their card has gained importance. In this altered environment, banks and other card issuers are adopting various strategies to decrease operating costs and increase revenue potential.
  • Banks and other card issuers are increasingly focusing on credit cards designed to target mass affluent consumers driven by the relatively high profitability offered by this segment. At times, banks may run the cards at a loss, but benefit from the rest of their relationships with clients through deposits, investments, savings, mortgages, and asset and wealth management, among others.
  • Card issuers have increased their focus on issuing credit cards with travel benefits. Many issuers across the world, including Bank of America, Chase, Citibank, HSBC, Commonwealth Bank, Lloyds, Capital One, Hyundai Cards, Samsung Cards and Amex, among others, issue premium cards which specifically focus on travel-related services.
  • Banks and other card issuers are expanding their operations on social networks through partnerships with merchants such as retailers, restaurants, leisure centers and travel operators. The partnerships provide opportunities to engage customers through additional content, offers and discounts. These expansionary moves are driven by a desire to improve consumer offerings and increase revenues.
  • Bank-funded reward and loyalty programs have increased cost burdens for issuers. Banks and card issuers have introduced similar loyalty programs which have become almost indistinguishable. This has compelled banks to carry out other expensive promotional initiatives to set themselves apart. Consequently, issuers are moving towards merchant-funded loyalty programs to lower their operating costs.

Spanning over 74 pages, “Insight Report: Best Practice in the Reward Credit Card Sector” report covering the Global Reward Credit Card Sector Dynamics, Reward Credit Cards in Key Markets, Best Practices and Case Studies, Appendix. The report covered companies are – American Express, JPMorgan Chase, Citibank, Barclays, Capital One, Canadian Imperial Bank of Commerce, Royal Bank of Canada, TD Canada Trust, Bank of Montreal, Commonwealth Bank, Westpac, National Australia Bank, Shinhan Bank, Hyundai Card, Samsung Card, Visa, MasterCard, Virgin Money, MBNA, Lloyds Bank, Tesco, Nationwide, Bank of America, Postbank, Targobank, Kreissparkasse Ludwigsburg, Mercedes Bank, David Jones, KB Kookmin

Know more about this report at : – http://mrr.cm/ZQt

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

The Peruvian economy was impacted heavily by the global financial crisis, with its GDP growth decelerating from 9.8% in 2008 to 0.9% in 2009. Its economy recovered immediately in 2010, however, recording a GDP growth of 8.8%, mainly due to strong macroeconomic indicators, a sound banking system and a prudent fiscal policy, which in turn improved employment levels and per capita income. Improvements in income levels offered a wider market to banks and financial companies, as they were able to serve a larger section of society, resulting in growth of the Peruvian cards and payments industry during the review period (2009–2013).

The Peruvian card payments channel grew at a healthy pace during the review period, both in terms of volume and value. In terms of the number of cards in circulation, the channel increased from 19.4 million in 2009 to 24.7 million in 2013, at a review-period compound annual growth rate (CAGR) of 6.33%. Over the forecast period, this channel is anticipated to register a CAGR of 8.24%, reaching 38.2 million cards by the end of 2018.

In terms of transaction value, card payments increased from PEN84.1 billion (US$27.9 billion) in 2009 to PEN233.2 billion (US$86.3 billion) in 2013, at a review-period CAGR of 29.03%. This figure is forecast to increase further, from PEN282.5 billion (US$101.6 billion) in 2014 to PEN552.3 billion (US$202.1 billion) in 2018, at a forecast-period CAGR of 18.24%.

Many factors have contributed to the growth of the Peruvian card payments channel over the review period, both in volume and value. Examples of this include the government’s initiative to provide banking access through the financial inclusion plan, the growing popularity of payment cards, the availability of retail bank agents in every part of the country, and banks’ aggressive promotional strategies.

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

  • Current and forecast values for each category of Peru’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 Peru’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 Peru’s cards and payments industry

Scope

  • This report provides a comprehensive analysis of Peru’s cards and payments industry.
  • It provides current values for Peru’s cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting Peru’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 Peru’s cards and payments industry.

Reasons to Buy

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

Key Highlights

  • In 2005, regulations were introduced which allowed banks to offer financial services through third-party agents, subject to prior authorization from the Banking and Insurance Superintendency (SBS). Agents are typically small retail establishments through which banks are able to execute financial transactions such as loan payments, withdrawals, transfers, deposits to a customer or a third party’s account, payments on goods or services, and other functions permitted by the SBS.
  • The Peruvian government introduced e-money regulations in May 2012, as part of its financial inclusion plan to bring a large section of the unbanked population into the formal banking system. E-money regulations were adopted primarily to benefit Peruvian citizens living in rural areas who have little access to banking services and infrastructure. Under the regulations, banks, financial companies and savings banks authorized by SBS are allowed to offer e-money services, although this will also pave the way for Electronic Money Issuer Companies (EEDE), specialized companies that offer e-money services.
  • Mobile payments (m-payments) grew from PEN236.7 million (US$78.6 million) in 2009 to PEN1.4 billion (US$528.0 million) in 2013, and are anticipated to reach PEN4.2 billion (US$1.5 billion) in 2018. Similarly, e-commerce registered a review-period CAGR of 31.55%, rising from PEN853.7 million (US$283.5 million) in 2009 to PEN2.6 billion (US$945.5 million) in 2013, and is anticipated to grow even further over the forecast period.
  • In line with the increase of outbound travelers, outbound travel spending among the retail and corporate segments increased at a CAGR of 6.21% during the review period, and is anticipated to increase further over the forecast period, reaching a CAGR of 4.06% and further fueling the growth of travel cards.

For more information see – http://mrr.cm/ZQg

Spanning over 89 pages, “Peru’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering the 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. The report covered 9 companies – Banco de Crédito del Perú, Banco Financiero, Interbank, BBVA Continental, Banco Falabella, American Express, Diners Club, MasterCard, Visa

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

The New Zealand card payments channel registered positive growth during the review period (2009–2013), recording a compound annual growth rate (CAGR) of 4.71% to reach 15.0 million cards in circulation by the end of 2013. In terms of transaction value, the card payments channel valued NZD86.3 billion (US$70.9 billion) in 2013, after registering a CAGR of 2.81% during the review period. Improved banking infrastructure and the increasing acceptance of card-based payments in merchant outlets were key factors for the growth of the card payments channel.

In terms of transaction value, debit cards accounted for the highest share during review period with 66.5% in 2013, and are expected to maintain this over the forecast period. The category is expected to grow at a forecast-period CAGR of 1.05% from NZD58.3 billion in 2014 to NZD60.8 billion in 2018. The second-highest share in terms of transaction value was held by credit cards with 27.7%, followed by charge cards with 5.5% and prepaid cards with 0.3%.

The number point of sale (POS) terminals in New Zealand recorded a review-period CAGR of 0.99%, and is expected to post a forecast-period CAGR of 3.12%. Transaction volumes and values for credit, debit and charge cards are growing more at POS terminals than at automatic teller machines (ATMs), indicating the rising adoption of electronic payments in New Zealand.

Card fraud in New Zealand increased at a review-period CAGR of 7.05%. The card-not-present fraud value posted the highest growth rate of 16.05% during the review period. Card ID theft value also increased during review period, while counterfeit card, and card lost or stolen fraud values fell.

The report provides top-level market analysis, information and insights on New Zealand’s cards and payments industry, including:

  • Current and forecast values for each category of New Zealand’s cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards
  • Comprehensive analysis of the industry’s market attractiveness and future growth areas
  • Analysis of various market drivers and regulations governing New Zealand’s cards and payments industry
  • Detailed analysis of the marketing strategies adopted for selling debit, credit, charge 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 New Zealand’s cards and payments industry

Scope

  • This report provides a comprehensive analysis of New Zealand’s cards and payments industry.
  • It provides current values for New Zealand’s cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting New Zealand’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 New Zealand’s cards and payments industry.

For more information see – http://mrr.cm/ZQY

Reasons to Buy

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

Find all Banking and Finance Reports at: http://www.marketresearchreports.com/banking-finance

Spanning over 102 pages, “New Zealand’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering the Analysis of Industry 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 Charge Card Payments and Growth Prospects, Analysis of Prepaid Card Payments and Growth Prospects, Merchant Acquiring, Company Profiles of Card Issuers, Appendix. The report covered 10 companies – ANZ Bank New Zealand, Bank of New Zealand, Westpac New Zealand, ASB Bank New Zealand, Kiwibank New Zealand, Eftpos, American Express, Diners Club, MasterCard, Visa.

Find other Reports on New Zealand Market at: http://www.marketresearchreports.com/countries/new-zealand

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

The Nigerian card payments channel recorded strong growth during the review period both in terms of volume and value. The card payments channel grew at a review-period CAGR of 12.89%, rising from 30.5 million cards in circulation in 2009 to 49.5 million in 2013. Over the forecast period, the card payments channel is forecast to register a CAGR of 9.76%, rising from 56.1 million cards in circulation 2014 to 81.4 million in 2018.

The review-period growth was a result of the Nigerian government’s efforts to move its cash-based economy towards non-cash payments. Projects such as Cash-Less Lagos have been launched to promote electronic payments and curb issues such as tax evasion and money laundering.

In terms of transaction value, the card payments channel grew at a significant CAGR of 31.69% during the review period, from NGN1.1 trillion (US$7.1 billion) in 2009 to NGN3.2 trillion (US$20.3 billion) in 2013. The channel is expected to post a forecast-period CAGR of 11.09%, from NGN3.6 trillion (US$22.4 billion) in 2014 to NGN5.5 trillion (US$31.1 billion) in 2018.

Mobile payments (m-payments) registered an exponential review-period CAGR of 147.46%, from NGN1.3 billion (US$8.4 million) in 2009 to NGN47.1 billion (US$300.4 million) in 2013. M-payments are anticipated to record a forecast-period CAGR of 23.24%. E-commerce also grew at a healthy review-period CAGR of 24.29%, from NGN38.6 billion (US$259.2 million) in 2009 to NGN92.1 billion (US$586.9 million) in 2013, and is anticipated to record a forecast-period CAGR of 12.63%. Outbound travel spending by retail and corporate consumers increased during the review period at a CAGR of 17.25%, and is anticipated to increase further over the forecast period at a CAGR of 9.31%, fueling the growth of travel cards.

In 2012, the Central Bank of Nigeria (CBN) introduced a new policy stipulating a cash handling charge on daily cash withdrawals or deposits which exceed NGN500,000 (US$3,188.6) for individuals and NGN3,000,000 (US$19,131.5) for corporate bodies, in order to reduce the amount of physical cash in circulation. The policy is initially piloted in Lagos and will be gradually introduced in other Nigerian states. Consumers, financial institutions and the government are all expected to benefit from the policy.

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

  • Current and forecast values for each category of Nigeria’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 Nigeria’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 Nigeria’s cards and payments industry

Scope

  • This report provides a comprehensive analysis of Nigeria’s cards and payments industry.
  • It provides current values for Nigeria’s cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting Nigeria’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 Nigeria’s cards and payments industry.

Reasons to Buy

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

Spanning over 89 pages, 50 tables, 56 figures,  “Nigeria’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering the 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. The report covered 10 companies – Standard Chartered Bank Nigeria, United Bank of Africa, Zenith Bank, Guaranty Trust Bank, Access Bank, Ecobank Keystone Bank, MasterCard, Visa, Interswitch.

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

Greece was the most severely affected country by the eurozone crisis, mainly as a result of government overspending, tax evasion and a budget deficit that eventually spiraled out of control. The crisis also affected the entire banking system; most banks faced liquidity problems and loan defaults, which had a direct impact on the card payments channel.

In terms of the number of cards in circulation, the prepaid and debit card categories registered healthy growth at compound annual growth rates (CAGRs) of 15.44% and 3.29% respectively during the review period (2009–2013). With the Greek economy anticipated to recover slowly over the forecast period (2014–2018), the prepaid and debit card categories are expected to grow at a healthy pace and register CAGRs of 21.80% and 4.62% respectively, while the credit and charge card categories continue to decline, albeit more slowly than during the review period.

A well-developed mobile market and the growing popularity of smartphones have led to robust growth in mobile payments (m-payments), which posted a review-period CAGR of 41.55%, increasing from EUR26.2 million (US$36.3 million) in 2009 to EUR105.0 million (US$139.2 million) in 2013. Over the forecast period, the value of m-payments is anticipated to further increase from EUR149.2 million (US$201.2 million) in 2014 to EUR803.0 million (US$1.1 billion) in 2018, at a CAGR of 52.32%.

Banks such as National Bank of Greece (NGB), Alpha Bank and Eurobank Ergasias are partnering with merchants and online retailers to offer secure payment facilities, enabling customers pay online or via mobile phones linked to bank accounts. As a result, e-commerce recorded a review-period CAGR of 43.75% and grew from EUR962.3 million (US$1.3 billion) in 2009 to EUR4.1 billion (US$5.4 billion) in 2013. It is anticipated to post a forecast-period CAGR of 32.94% to reach EUR18.0 billion (US$25.4 billion) by the end of 2018.

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

  • Current and forecast values for each category of Greece’s cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards
  • Comprehensive analysis of the industry’s market attractiveness and future growth areas
  • Analysis of various market drivers and regulations governing Greece’s cards and payments industry
  • Detailed analysis of the marketing strategies adopted for selling debit, credit, charge 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 Greece’s cards and payments industry

Scope

  • This report provides a comprehensive analysis of Greece’s cards and payments industry.
  • It provides current values for Greece’s cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting Greece’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 Greece’s cards and payments industry.

Reasons To Buy

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

Key Highlights

  • In terms of the number of cards in circulation, Greece’s card payments channel posted a review-period CAGR of -2.92%, decreasing from 15.6 million cards in 2009 to 13.9 million in 2013, and is expected to post a forecast-period CAGR of 4.17% to reach 16.6 million cards in 2018.
  • In terms of number of cards in circulation, Greece’s card payments channel was dominated by the debit cards category in 2013, accounting for 74.3% of the channel. The second-largest channel share was held by credit cards 20.9%, followed by prepaid cards with 4.5%. The charge cards category held the smallest channel share of 0.3%.
  • In terms of number of cards in circulation, the prepaid cards category is expected to register the highest forecast-period CAGR of 21.80%, while the debit cards category is expected to register the second-highest CAGR of 4.62%. However, the credit and charge card categories are expected to decline at forecast-period CAGRs of -5.64% and -4.16% respectively.
  • Significant growth in mobile payments is expected to provide substantial scope for card transactions. Mobile payments recorded a review-period CAGR of 41.55%, increasing from EUR26.2 million (US$36.3 million) in 2009 to EUR105.0 million (US$139.2 million) in 2013. In February 2014, Alpha Bank, Vodafone, Visa Europe and First Data together launched a pilot project in Greece, introducing a conceptual mobile wallet app, Tap ‘n’ Pay. These initiatives are expected to result in further growth for m-payments over the forecast period.
  • E-commerce value increased significantly from EUR962.3 million (US$1.3 billion) in 2009 to EUR4.1 billion (US$5.4 billion) at a review-period CAGR of 43.75%. Over the forecast period, e-commerce is expected to grow to reach EUR18.0 billion (US$25.4 billion) by the end of 2018, at a CAGR of 32.94%.

Spanning Over 107 pages, 62 tables and 69 figures “Greece’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering the 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 Charge Card Payments and Growth Prospects, Analysis of Prepaid Card Payments and Growth Prospects, Merchant Acquiring, Company Profiles of Card Issuers, Appendix. The report covered 10 companies – National Bank of Greece, Eurobank Ergasias, Alpha Bank, Piraeus Bank, HSBC , Citibank Greece , Diners Club, MasterCard, Visa , American Express.

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

The card payments channel in Turkey demonstrated robust growth during the review period (2008–2012). In terms of volume, the channel grew at a compound annual growth rate (CAGR) of 11.19%, to reach 177.4 million cards in 2012. The increasing acceptance of cards in retail outlets, growing consumer preference for cashless transactions and improved banking infrastructure contributed to review-period growth. In terms of volume, the channel is expected to grow at a CAGR of 5.83% over the forecast period (2013–2017) to reach 243.9 million in 2017. While cash continues to be an important part of the overall payments system, it is increasingly being displaced by the card payments channel. To capitalize on consumer preferences, banks and card issuers have adopted various marketing and pricing strategies to encourage customers to increase card payments. Common strategies include offers, product discounts, reward points and insurance cover. A complete cashless payment system is planned for implementation by 2023.

The report provides market analysis, information and insights into Turkey’s cards and payments industry, including:

  • Current and forecast values for each category of Turkey’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 Turkey’s cards and payments industry.
  • Detailed analysis of the marketing strategies adopted for selling debit, credit and prepaid cards used by various bankers and other institutions in the market.
  • Comprehensive analysis of consumer attitudes and their buying preferences for cards.
  • Competitive landscape of Turkey’s cards and payments industry.

Scope:

  • This report provides a comprehensive analysis of Turkey’s cards and payments industry.
  • It provides current values for Turkey’s cards and payments industry for 2012 and forecast figures for 2017.
  • It details the different macroeconomic, infrastructural and business drivers affecting Turkey’s cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details the marketing strategies used by various bankers and other institutions.
  • It profiles the major banks in Turkey’s cards and payments industry.

Reasons To Buy:

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

Key Highlights:

  •  The Turkish card payments channel recorded impressive growth during the review period. The number of cards in circulation grew at a CAGR of 11.19% from 116.1 million in 2008 to 177.4 million in 2012. Increasing consumer awareness, improved banking infrastructure and effective government initiatives contributed to the channel growth. By volume, the channel is anticipated to grow at a CAGR of 5.83% over the forecast period, from 194.4 million cards in 2013 to 243.9 million in 2017.
  •  Debit cards dominate the total card payments channel in terms of volume. Debit cards are most commonly used by consumers to shop at retail outlets, withdraw cash from ATMs and for online payments. By volume, debit cards accounted for 51.4% of the total cards and payments in 2012. Growing consumer demand, widespread acceptance of credit cards by merchants, and the increase in the number of POS terminals contributed to the expansion of the total credit card category in Turkey. Prepaid cards are widely used in the form of food, travel and gift cards.
  •  The Interbank Card Center of Turkey (BKM) aims to make Turkey a 100% cash-free country by 2023, the 100th anniversary of Turkey‘s republic. As a part of this, an anti-cash campaign called ‘Bye Bye Cash’ was initiated in May 2011 to promote cards as a more effective transaction method. This campaign aims mainly to make people use debit cards on small purchases where cash is usually preferred. BKM also wants people to use debit cards for almost all transactions, increase the total frequency of card use, make new users aware of the features of cards, and encourage merchants to direct clients to cards. BKM also used social media such as Facebook and Twitter to create nationwide consumer awareness.
  •  In terms of volume of cards in circulation, the debit cards category held the highest channel share of 51.4% in 2012. The second-largest share was held by the credit cards category with 30.6%, followed by prepaid cards with 17.9%. The number of debit cards is expected to increase from 100.0 million in 2013 to 126.9 million in 2017, at a forecast-period CAGR of 6.13%. The prepaid cards category is forecast to post the highest growth at a CAGR of 9.06% over the forecast period, rising from 37.4 million cards in 2013 to 52.9 million in 2017.

Spanning over 95 pages, 47 tables and 60 figures, “Turkey’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report provides information on market overview, drivers and challenge, competition and key trends.

In addition to covering The 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 and Appendix.

For more information visit : http://www.marketresearchreports.com/timetric/turkeys-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategies

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

The Australian card payments channel registered marginal growth during the review period (2008–2012). A positive economic outlook, the need for more sophisticated prepaid cards and an increase in online shopping all combined to support the growth of the card payments channel. During the review period, the card payments channel increased in volume at a CAGR of 5.18% to reach 98.0 million cards in circulation in 2012. In value terms, the card payments channel valued AUD601.0 billion (US$624.2 billion). As more consumers move away from cash, cards payments are expected to deliver strong growth over the forecast period. Growth is expected to be driven by increasing demand for prepaid cards, improvements to the regulatory framework, online and mobile commerce, and a positive economic outlook.

The report provides market analysis, information and insights into Australia’s cards and payments industry, including:

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

Scope:

  • This report provides a comprehensive analysis of Australia’s cards and payments industry.
  • It provides current values for Australia’s cards and payments industry for 2012 and forecast figures for 2017.
  • It details the different macroeconomic, infrastructural and business drivers affecting Australia’s cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details the marketing strategies used by various bankers and other institutions.
  • It profiles the major banks in Australia’s cards and payments industry.

Reasons To Buy:

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

Key Highlights:

  • In terms of the number of cards in circulation, the Australian card payments channel is expected to post a forecast-period CAGR of 3.20% and will continue to be dominated by the prepaid card category, which represented a share of 39.0% in 2012. The second-largest share was held by the debit cards category with 38.6%, followed by the credit cards category with 18.7% and the charge cards category with 3.6%.
  • During the review period, the announcement of relatively high interchange fees by the Reserve Bank of Australia (RBA) had a noticeable effect on the credit card category. For MasterCard and Visa schemes, transactions on platinum cards currently attract a 1% interchange fee, compared to the interchange fees on standard credit cards: 0.4% for Visa and 0.3% for MasterCard. These developments increased the interchange and other revenue received by credit card issuers, which they may use to fund more generous reward programs without needing to increase annual fees.
  •  During the review period, the total number of high net worth individuals (HNWIs) increased at a CAGR of 11.72% from 194,799 in 2008 to 301,824 in 2012. Despite its relatively small population, Australia is home to more affluent individuals than its neighboring countries. Over the forecast period, the total number of HNWIs is estimated to reach 401,887 in 2017. Recognizing this growth, Australian banks and card providers are making a significant effort to target this group, as HNWIs traditionally show a greater willingness to use non-cash payment methods such as credit, debit and prepaid cards. Examples include the Diamond and Platinum Awards Credit Card from Commonwealth Bank of Australia, the Singapore Airlines Westpac Platinum Credit Cards from Westpac, and the ANZ Platinum Credit Card and Qantas Platinum card from National Australia Bank.
  • To make transactions even more secure, Australian banks are providing secret net codes for online debit card payments. With the introduction of this technology, debit cards are now as frequently used online as credit cards. The NAB Classic Banking debit card, issued by the National Australia Bank, comes with enhanced security and chip technology.

Spanning over 108 pages, 61 tables and 70 figures, “Australia’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report provides information on market overview, drivers and challenge, competition and key trends.

In addition to covering The 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 Charge Card Payments and Growth Prospects, Analysis of Prepaid Card Payments and Growth Prospects, Merchant Acquiring, Company Profiles of Card Issuers and Appendix.

For more information visit : http://www.marketresearchreports.com/timetric/australias-cards-and-payments-industry-emerging-opportunities-trends-size-drivers

About Market Research Reports, Inc.
Market Research Reports 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.