Deerfield Beach, FL -- (SBWire) -- 10/22/2015 --Synopsis
It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, check payments, direct debits, payment cards and cash transactions during the review period (2010–2014).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015–2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
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The report brings together Timetric's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies, recent changes in regulatory structure, card fraud statistics, and profiles of card issuers operating in the country.
Summary
Timetric's 'The Cards and Payments Industry in Singapore: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Singapore's cards and payments industry, including:
- Current and forecast values for each market in Singapore's cards and payments industry, including debit cards, credit cards and charge cards. It also includes detailed analysis of the prepaid cards market.
- Detailed insights into payment instruments including credit transfers, check payments, direct debits, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment
- Analysis of various market drivers and regulations governing Singapore's cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- The competitive landscape of Singapore's cards and payments industry.
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Reasons To Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to Singapore's cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in Singapore's cards and payments industry.
- Assess the competitive dynamics in Singapore's cards and payments industry.
- Gain insights into marketing strategies used for various card types in Singapore.
- Gain insights into key regulations governing Singapore's cards and payments industry.
Key Highlights
- Singapore's payment cards market is one of the most highly competitive and attractive markets in Asia-Pacific. Singapore's payment cards market is mature and over served, with credit and debit card penetration rates of 1.7 and 2.0 respectively per inhabitant in 2014. In terms of transaction value and volume, Singapore's payment cards accounted for 0.6% and 1% shares respectively in the Asia-Pacific region in 2014.
- The 'Intelligent Nation 2015' (iN2015) master plan, drawn up by the Singapore government, is expected to support to the growth of the cards and payments industry over the forecast period. The program aims to promote electronic payments through increased adoption of near-field communication (NFC) mobile payments with the establishment of an interoperable infrastructure for NFC services.
- In line with an industry-wide initiative led by the Association of Banks in Singapore (ABS), from October 1, 2013 all banks in Singapore implemented additional security measures for international banking transactions by deactivating the magnetic stripe on all credit and debit cards. Consequently, card fraud decreased in 2014, a trend that is anticipated to continue over the forecast period (2015–2019).
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Singapore Cards and Payments Market 2014 Key Trends, Size, Analysis and Forecast to 2019
Singapore Cards and Payments Industry 2014 Market Trends and Forecast to 2019 by Market Research Store