Paul Thomen

Friday, 15 November 2013

Cards and Payments Industry in Singapore

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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