The
report “Singapore’s Cards and Payments
Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products
and Competitive Landscape″ by Timetric
is now available at RnRMarketResearch.com. Contact sales@rnrmarketresearch.com
with Singapore’s Cards and Payments
Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products
and Competitive Landscape in subject line and your contact details to
purchase this report or get your questions answered.
The collection of ‘Credit Card’ market research
reports has a new addition of “Singapore’s Cards and Payments Industry: Emerging
Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive
Landscape” on RnRMarketResearch.com.
Synopsis
§ The
report provides market analysis, information and insights into Singapore’s
cards and payments industry, including:
§ Current
and forecast values for each category of Singapore’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 Singapore’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 Singapore’s cards and payments industry.
Request a sample copy of
this report by Timetric @ http://www.rnrmarketresearch.com/contacts/request-sample?rname=129476
.
Summary
In
terms of the number of cards in circulation, Singapore’s card payments channel
grew at a review-period (2008–2012) CAGR of 8.52% and, in terms of transaction
value, at a review-period CAGR of 8.12%. Over the forecast period (2013–2017),
the card payments channel is expected to record a CAGR of 5.05% in terms of the
number of cards in circulation and 7.35% in terms of transaction value. In
terms of transaction value, the card payments channel is dominated by the debit
card category which constituted 66.2% of overall card transactions in 2012. The
category’s channel share is projected to increase to 66.3% in 2017. The value
of debit card transactions grew at a review-period CAGR of 7.28% and is
expected to post a forecast-period CAGR of 7.46%. The debit card category is
projected to record the largest growth in terms of transaction value as
customers opt for income-based consumption over credit-fuelled consumption.
Complete report Spread Across [111 Pages] is available
@ http://www.rnrmarketresearch.com/singapores-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape-market-report.html . Read
more on “Singapore’s
Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers,
Strategies, Products and Competitive Landscape” report below.
Scope
- This
report provides a comprehensive analysis of Singapore’s cards and payments
industry.
- It
provides current values for Singapore’s cards and payments industry for
2012 and forecast figures for 2017.
- It
details the different macroeconomic, infrastructural, consumer and
business drivers affecting Singapore’s cards and payments industry.
- It
outlines the current regulatory framework in the industry.
- It
details the marketing strategies used by various bankers and other
institutions.
- It
profiles the major banks in Singapore’s cards and payments industry.
Key highlights
- The
most popular payment channel in 2008 was checks, constituting 67.3% of the
overall payment channels. In 2012, the share of check-based payments
declined to 63.8%. The share of card-based payments increased from 10.0%
in 2008 to 11.0% in 2012. The share of direct debit transactions increased
from 6.4% in 2008 to 6.8% in 2012.
- The
prepaid card category was the largest in the card payments channel in
2012, accounting for 54.9% of the category’s value. This was followed by
the debit card category with a share of 23.9% and the credit card category
with a share of 20.4%, while the charge card category occupied a nominal
share of 0.8%.
- The
Intelligent Nation 2015 master plan, drawn up by the government of
Singapore, is expected to provide support for the growth of the cards and
payments industry over the forecast period. The master plan aims to
achieve a 90% home broadband penetration rate alongside a computer in the
house of every family with school-going children.
- Banks
are using social networking sites to increase their card businesses.
Citibank Singapore launched the Clear Platinum card which specifically
targets social network users and encourages online shopping.
For
further information on “Singapore’s
Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers,
Strategies, Products and Competitive Landscape” report OR for any
other business research / market intelligence need on the ‘Credit Card ’ market (http://www.rnrmarketresearch.com/reports/business-financial-services/financial-services/credit-card .), contact sales@rnrmarketresearch.com
/ Call +1 888 391 5441.
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