Thursday, September 5, 2013

Recent Market Report: Emerging Opportunities Market In Kazakhstans,Philippines,Latvias Cards and Payments Industry Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape



Emerging Opportunities In Kazakhstans, Philippines, Latvias Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape



Synopsis

The report provides market analysis, information and insights into Kazakhstan's cards and payments market, including:

  • Current and forecast values for each category of Kazakhstan'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 Kazakhstan'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 Kazakhstan's cards and payments industry.

Executive summary

Kazakhstan’s card payments channel demonstrated robust growth during the review period. Improved banking infrastructure, consumers’ shift towards card-based payments and adoption of new technology to offer safe and secure banking contributed to the growth of the channel during the review period. The card payments channel grew from 7.2 million cards in 2008 to 11.9 million in 2012, at a CAGR of 13.38%. Over the forecast period, the total number of cards is projected to grow from 13.9 million to 17.9 million, at a CAGR of 6.55%. In terms of transaction value, the overall card payments channel grew at a CAGR of 25.43% during the review period, and is projected to grow from KZT7.0 trillion (US$47.7 billion) in 2013 to KZT10.4 trillion (US$70.6 billion) in 2017 at a CAGR of 10.28% over the forecast period.


Synopsis

The report provides market analysis, information and insights into the Philippines’ cards and payments market, including:

  • Current and forecast values for each category of the Philippines’ 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 the Philippines’ 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 the Philippines’ cards and payments industry.

Executive summary

Steady growth was recorded in the Filipino card payments channel during the review period (2008–2012), as the number of cards in circulation increased at a CAGR of 7.65%, rising from 40.8 million in 2008 to 54.8 million in 2012. This growth was primarily driven by the prepaid cards category which registered the highest growth rate at a CAGR of 17.26%. Over the forecast period (2013–2017), the number of cards in circulation is expected to increase from 58.1 million in 2013 to 72.9 million in 2017, after registering a CAGR of 5.84%. 

The card payments channel is dominated by four large domestic banking groups – Metrobank, Banco de Oro, Bank of the Philippine Islands (BPI), and Land Bank of the Philippines. In the debit card category, domestic banks held a collective market share of 57% in 2011. Foreign banks such as Citibank and HSBC dominate the credit card business. In terms of number of credit cards in circulation in 2011, Citibank held the highest share of 20.6% with 1.4 million cards, followed by HSBC with 10.8% and 747,676 cards.


Synopsis

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

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

Executive summary

The Republic of Latvia is an open economy where exports contribute for almost one-third of the GDP. Latvia is a member of the United Nations (UN), European Union (EU) and International Monetary Fund (IMF). Latvia’s economy was adversely affected by the eurozone crisis in 2009. While cash remains the dominant method of payment in Latvia, there have been concerted efforts from card issuers, the government and regulatory bodies to support card use. The nation’s debit, prepaid and charge card categories have expanded rapidly. A large part of this growth has been driven by infrastructure improvements such as contactless technology and increased adoption of smartphones. All these factors have made payment cards far more accessible, resulting in moderate growth for the card payments channel. 

The channel registered a CAGR of 0.21% during the review period (2008–2012), and grew from 2.65 million cards in 2008 to 2.67 million in 2012. Over the forecast period (2013–2017), the channel is forecast to grow from 2.79 million cards in 2013 to 3.6 million in 2017, at a CAGR of 6.73%. The key drivers for this growth include a stable inflationary forecast, positive employment opportunities and an increasing volume of corporate and leisure travelers. Latvia is also expected to register high growth in terms of online and traditional retail revenues.

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