Singapores cards and payments industry
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Singapores cards and payments industry

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Current and forecast values for each category of Singapores cards and payments industry including debit cards, credit cards, prepaid cards and charge cards ...

Current and forecast values for each category of Singapores cards and payments industry including debit cards, credit cards, prepaid cards and charge cards
Comprehensive analysis of the industrys market attractiveness and future growth areas
Analysis of various market drivers and regulations governing Singapores cards and payments industry

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  • 1. Emerging Opportunities in Singapores Cards and Payments Industry: Market Size, Trends and Drivers,Strategies, Products and Competitive LandscapeSynopsis The report provides market analysis, information and insights into Singapores cards and payments industry,including: Current and forecast values for each category of Singapores cards and payments industry including debitcards, credit cards, prepaid cards and charge cards Comprehensive analysis of the industrys market attractiveness and future growth areas Analysis of various market drivers and regulations governing Singapores cards and payments industry Detailed analysis of the marketing strategies adopted for selling various categories of cards such as debit,credit, prepaid and charge cards used by various bankers and other institutions in the marketComprehensive analysis of consumer attitudes and their buying preferences for cardsCompetitive landscape of Singapores cards and payments industrySummary The cards and payments industry as a whole grew at a CAGR of 8.33% in terms of the number of cards and ata CAGR of 7.12% in terms of transaction value during the review period. During the forecast period, the cardsand payments industry is expected to grow at a CAGR of 4.95% in terms of number of cards and 4.88% interms of transaction value. In terms of transaction value, the cards and payments industry is dominated by thedebit card category which constituted 64.3% of the overall industry in 2012. The share of the debit card category in the overall industry is expected to be 61.8% in 2017. In terms oftransaction value, the debit card category grew at a CAGR of 5.55% during the review period and is expectedto grow at a CAGR of 4.27% during the forecast period. The debit card category is expected to show thelargest growth in terms of transaction value as customers prefer income-based consumption over credit-fuelledconsumption.Scope This report provides a comprehensive analysis of Singapores cards and payments industry It provides currentvalues for Singapores cards and payments industry for 2012 and forecast figures for 2017 It details thedifferent macroeconomic, infrastructural, consumer and business drivers affecting Singapores cards andpayments industry It outlines the current regulatory framework in the industry It details the marketingstrategies used by various bankers and other institutions It profiles the major banks in Singapores cards andpayments industry Reasons To Buy Make strategic business decisions using historic and forecast market data related to Singapores cards andpayments industry and each market within it Understand the key market trends and growth opportunitiesEmerging Opportunities in Singapores Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive
  • 2. within Singapores cards and payments industry Assess the competitive dynamics in Singapores cards andpayments industry Gain insights into the marketing strategies used for selling various categories of cards inSingapore Gain insights into key regulations governing Singapores cards and payments industry KeyHighlights The cards and payments industry as a whole grew at a CAGR of 8.33% in terms of number of cards and at aCAGR of 7.12% in terms of transaction value during the review period. During the forecast period, the cardsand payments industry is expected to grow at a CAGR of 4.95% in terms of number of cards and 4.88% interms of transaction value. Mobile commerce transactions show a huge potential for growth during theforecast period and are expected to expand the scope of card-based payments during the forecast period.M-commerce transactions grew from SGD15.2 million (US$10.78 million) in 2010 to SGD791.5 million(US$629.91 million) in 2012, at a CAGR of 273.07%. Banks follow highly competitive strategies whenpricing cards in order to expand their customer base. The annual interest rates charged by most leading banksrange between 24% and 25%. Banks also offer an interest-free period to customers to encourage promptrepayment. Banks target large customer bases such as Chinese-Singaporeans, NUS alumni, SingTel customersand members of the National Trades Union Congress (NTUC). Chinese-Singaporeans constituted 74.1% ofthe overall population in 2011.table Of Content1 Executive Summary 2 Market Attractiveness And Future Prospects Of Cards And Payments Industry2.1 Growth Prospects Of Cards And Payments Industry In Terms Of Number Of Cards2.2 Growth Prospects Of Cards And Payments Industry In Terms Of Transaction Value 3 Analysis Of Singapores Cards And Payments Industry Drivers3.1 Macroeconomic Drivers3.1.1 Gross Domestic Product3.1.2 Total Investment3.1.3 Low Inflation Rate3.1.4 Low Unemployment Rate3.1.5 Central Bank Interest Rate3.2 Infrastructure Drivers3.2.1 Growth Of Pos Terminals3.2.2 Growing Number Of Atms3.2.3 Growth Of Mobile Penetration3.2.4 Growth Of Internet Penetration3.2.5 Emergence Of Nfc Mobile Wallets3.2.6 Emergence Of Virtual Payment CardsEmerging Opportunities in Singapores Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive
  • 3. 3.3 Business Drivers3.3.1 Growth Of Supplementary Cards3.3.2 Growth Of Tourism Spending3.3.3 Growth Of M-commerce3.3.4 Remittance Outflows3.4 Consumer Drivers3.4.1 Growth Of Consumer Loans And Advances3.4.2 Growth Of Annual Disposable Income3.4.3 Economically Active Population3.5 Card Fraud Statistics3.5.1 Card Fraud By Channel3.6 Regulatory Framework 4 Emerging Consumer Attitudes And Trends4.1 Market Segmentation And Targeting4.2 Consumer Preference4.2.1 Price4.2.2 Convenience4.2.3 Value-added Services4.2.4 Rewards4.2.5 Security4.3 Online Buying Behaviour4.4 Preferred Payment Methods 5 Competitive Landscape And Industry Dynamics5.1 Industry Share Analysis By Payment Channel5.1.1 Overview5.2 Debit Cards5.2.1 By Bank5.2.2 By Scheme5.3 Credit Cards5.3.1 By Bank5.3.2 By Scheme5.4 Charge Cards5.4.1 By Scheme 6 Strategies Adopted By Key Players6.1 Market Entry Strategies6.2 Marketing / Product Strategy6.2.1 Debit Card Marketing StrategyEmerging Opportunities in Singapores Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive
  • 4. 6.2.2 Credit Card Marketing Strategies6.2.3 Prepaid Card Marketing Strategies6.2.4 Charge Card Marketing Strategies6.3 Pricing Strategies6.3.1 Debit Card Pricing Strategy6.3.2 Credit Card Pricing Strategy 7 Market Size And Growth Potential Of Payment Card Industry7.1 Market Share Analysis By Type Of Card7.2 Total Market Size And Forecast Of Card Industry7.2.1 Analysis By Number Of Cards7.2.2 Analysis By Transaction Value7.2.3 Analysis By Transaction Volume7.3 Debit Card Market Size And Forecast7.3.1 Analysis By Number Of Cards7.3.2 Analysis By Transaction Value7.3.3 Analysis By Transaction Volume7.3.4 Other Key Performance Indicators7.4 Prepaid Card Market Size And Forecast7.4.1 Analysis By Number Of Cards7.4.2 Analysis By Segment: Closed-loop And Open-loop Cards7.5 Charge Card Market Size And Forecast7.5.1 Analysis By Number Of Cards7.5.2 Analysis By Transaction Value7.5.3 Analysis By Transaction Volume7.5.4 Other Key Performance Indicators7.6 Credit Card Market Size And Forecast7.6.1 Analysis By Number Of Cards7.6.2 Analysis By Transaction Value7.6.3 Analysis By Transaction Volume7.6.4 Other Key Performance Indicators 8 Company Profiles, Products And Marketing Strategies8.1 Dbs Bank8.1.1 Strategies8.1.2 Debit Cards Offered8.1.3 Credit Cards Offered8.2 United Overseas Bank8.2.1 Strategies8.2.2 Debit Cards Offered8.2.3 Credit Cards OfferedEmerging Opportunities in Singapores Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive
  • 5. 8.3 Oversea Chinese Banking Corporation (ocbc)8.3.1 Strategies8.3.2 Debit Cards Offered8.3.3 Credit Cards Offered 9 Appendix9.1 Methodology9.2 Definitions9.3 Contact Us9.4 About Timetric9.4.1 Our Approach9.5 Services9.6 DisclaimerAbout Us:Transparency Market Research is a market intelligence company providing global business informationreports and services. Our exclusive blend of quantitative forecasting and trends analysis providesforward-looking insight for thousands of decision makers. We are privileged with highly experienced team ofAnalysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques togather, and analyze information. Our business offerings represent the latest and the most reliable informationindispensable for businesses to sustain a competitive edge.Contact:ResearchMoz90 State Street,Suite 700,Albany NY - 12207United StatesTel: +1-518-618-1030USA - Canada Toll Free 866-997-4948Email: sales@researchmoz.usBlog: http://researchmoz.blogspot.com/Website: http://www.researchmoz.us/Emerging Opportunities in Singapores Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive