Market Research Reports, Inc.

MarketResearchReports.com: South Africa's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape, New Report Launched

Market Research Reports, Inc. has announced the addition of “South Africa's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” research report to their offering.

 
Repost This

Lewes, DE -- (SBWIRE) -- 02/20/2014 -- The South African card payments channel registered growth during the review period (2009–2013). The number of cards in circulation recorded a review-period CAGR of 17.60%. The country’s positive economic outlook, the demand for more sophisticated prepaid and charge card products and the growth of online shopping supported the growth of the card payments channel. Over the forecast period (2014?2018), the channel is expected to increase at a CAGR of 7.60%, as consumers move away from cash payments. During the review period, the South African card payments channel grew in both volume and value terms. In terms of the volume of cards in circulation, debit cards accounted for the largest channel share of 58.0% in 2013, followed by prepaid cards with 26.0%. The main contributor to the growth of prepaid cards was a rise in demand for open-loop prepaid cards among the unbanked population. Technological developments were a key factor in the growth of the card payments channel in South Africa during the review period. Mini automatic teller machines (ATMs) were introduced by First National Bank, while mobile ATMs and wireless point of sale (POS) terminals were introduced by other national and foreign banks. With the increasing adoption of smartphones, handset manufacturers are promoting near-field communication (NFC) technology. However, retailers and banks in South Africa require clearly defined security benefits and cost-reductions before they will adopt NFC on a large scale.

Inquiry for more information visit: http://www.marketresearchreports.com/timetric/south-africas-cards-and-payments-industry-emerging-opportunities-trends-size-drivers

The report provides top-level market analysis, information and insights into South Africa's cards and payments industry, including:
- Current and forecast values for each category of South Africa'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 South Africa'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 South Africa's cards and payments industry

Scope
- This report provides a comprehensive analysis of South Africa's cards and payments industry.
- It provides current values for South Africa's cards and payments industry for 2013, and forecast figures for the period up to 2018.
- It details the different economic, infrastructural and business drivers affecting South Africa'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 South Africa's cards and payments industry.

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

Browser reports related to South Africa at : http://www.marketresearchreports.com/countries/south-africa

Key Highlights
- The South African card payments channel registered growth during the review period (2009–2013). The number of cards in circulation recorded a review-period CAGR of 17.60%. The country’s positive economic outlook, the demand for more sophisticated prepaid and charge card products and the growth of online shopping supported the growth of the card payments channel.
- In value terms, the card payments channel grew from ZAR856.6 billion (US$101.5 billion) in 2009 to ZAR1.4 trillion (US$140.5 billion) in 2013, at a CAGR of 12.07%. The card payments channel is expected to reach ZAR1.9 trillion (US$162.6 billion) in 2018, representative of a forecast-period CAGR of 7.07%. Growth is expected to be driven by demand for prepaid cards, regulatory improvements, and electronic and mobile commerce (e-commerce and m-commerce).
- Technological developments were a key factor in the growth of the card payments channel in South Africa during the review period. Mini automatic teller machines (ATMs) were introduced by First National Bank, while mobile ATMs and wireless point of sale (POS) terminals were introduced by other national and foreign banks.
- Banks are segmenting their customer base in order to maximize the potential of expanding their shares in each category. Banks such as First National Bank and Standard Bank of South Africa launched credit cards specifically targeted at students. Banks established a range of corporate cards designed to meet the specific needs of business houses. Absa Bank offers the Procurement Management card for the management of end-to-end procurement activity.
- With the increasing adoption of smartphones, handset manufacturers are promoting near field communication (NFC) technology. However, retailers and banks in South Africa require clearly defined security benefits and cost-reductions before they will adopt NFC on a large scale.

Spanning over 104 pages, 63 tables and 68 figures “South Africa'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 9 companies - First National Bank, Standard Bank of South Africa, Nedbank, Absa Bank, African Bank, MasterCard, Visa, American Express, Diners Club.

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

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.

For regular industry updates subscribe to our newsletter at: http://www.marketresearchreports.com/subscribe-to-newsletter

Follow us on Facebook : http://www.facebook.com/Market.Research.Report