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The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019, New Report Launched

Market Research Reports, Inc. has announced the addition of “The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019” research report to their website http://www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 06/15/2015 -- The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019 report provides top-level market analysis, information and insights into Canada's cards and payments industry, including:

- Current and forecast values for each market in Canada's cards and payments industry, including debit cards, credit and charge cards. It also includes detailed analysis of the prepaid cards market.
- Detailed insights into payment instruments including check payments, credit transfers, direct debits, payment cards and cash transactions. It also includes an overview of the country's key alternative payment instruments.
- Analysis of various market drivers and regulations governing Canada'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 Canada's cards and payments industry.

The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019 report provides detailed analysis of market trends in Canada's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, 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.

The report brings together Publisher'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.

Scope
- This report provides a comprehensive analysis of Canada's cards and payments industry.
- It provides current values for Canada's cards and payments industry for 2014, and forecast figures to 2019.
- It details the different economic, infrastructural and business drivers affecting Canada's cards and payments industry.
- It outlines the current regulatory framework in the industry.
- It details marketing strategies used by various banks and other institutions.
- It profiles major banks in Canada's cards and payments industry.

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

Key Highlights
- Canada is poised for progress on technological fronts such as m-payments. Its approach has been to make m-payments capability ubiquitous, recognizing that consumers will benefit. Already pressing ahead with the adoption of EMV technology, and with the growing presence of contactless payments, key infrastructure is already in place. In this context, m-payments will form a natural extension of the established infrastructure, offering speed, security and convenience to consumers. With the anticipated launch of Apple Pay in November 2015, it is likely that innovation and competition will be encouraged in the Canadian cards and payments industry.

- Changes are anticipated in the credit cards market over the forecast period (2014–2019), due to government intervention to regulate the market. The intervention aims to reduce the cost of credit card acceptance for merchants, to keep prices affordable for consumers.

- In November 2014, Visa and MasterCard agreed to reduce the interchange fee on credit card purchases, and limit the amount charged retailers to process transactions to 1.5% of the transaction value. The new rate will apply from April 30, 2015, and will remain unchanged for five years.

Spanning over 79 pages, "The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019" report covers Definitions and Methodology, Key Facts and Events, Executive Summary, Payment Instruments, Regulations in the Cards and Payments Industry, Analysis of Cards and Payments Industry Drivers, Market Segmentation and New Product Launches, Payment Cards, Debit Cards, Credit Cards, Charge Cards, Commercial Cards, Card Fraud Statistics, Card Issuers, Prepaid Cards, Merchant Acquiring, Appendix. The report covered companies are - Royal Bank of Canada, TD Canada Trust, CIBC, Bank of Montreal, Scotiabank, Interac, American Express, Visa, MasterCard.

For further information on this report, please visit- http://www.marketresearchreports.com/timetric/cards-and-payments-industry-canada-emerging-trends-and-opportunities-2019

Find all Debit / Credit Cards Reports at: http://www.marketresearchreports.com/debit-credit-cards

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