Pakistan Cards Aand Payments Market Current Trends, Size, Share, Industry Analysis, Competitive Intelligence, Growth, Opportunities and Global Forecasts To 2018 Pakistan cards and payments market has been registering strong growth in the recent past. It is expected to continue on the growth path. The number of cards circulated in 2009 was 1.5 million. It grew at a CAGR of 18% till 2013. The CAGR from 2013 to 2018 is likely to be 5.63%. Thus by 2018, about 3.6 million cards would be in circulation. The average transaction value of cards in Pakistan was USD 92 which was the ninth-largest in Asia Pacific. The presence of a huge untapped market will drive future growth. An increase in outbound tourism is also proving beneficial. Government of Pakistan introduced favorable economic reforms between 2009 and 2013. This has had a positive effect on the country’s GDP growth rate which went up from 2.9% in 2009 to 6% in 2013, and is anticipated to stay strong in future. A booming economy is bound to trigger higher demand for cards and payments. For further information on this report, please visit http://www.radiantinsights.com/research/pakistan-s-cards-and-payments-industryemerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape Based on transaction value, payment cards (both credit and debit), were worth USD 18.7 billion in 2013. This was the result of exceptional CAGR (25%) from 2009 to 2013. Debit cards are the most favored payment instrument in Pakistan. They accounted for close to 95% of the total cards and payments market in the country, in terms of transaction value. This dominance is likely to continue in forthcoming years. Debit cards are highly useful in paying utility bills and online fund transfers. They also eliminate the need to make retail cash payments. They can be used to withdraw cash. Banks are focusing on niche customer segments to increase sales of debit cards. United Bank Limited (UBL) pioneered the use of prepaid debit cards in Pakistan. Its Wiz cards target women, youngsters and frequent travelers. Prepaid cards are being used by the government to allocate funds to citizens as a part of its social benefits scheme. Also, UBL and Habib Bank Limited (HBL) have issued Watan cards for distributing relief funds to flood victims. Thus, although a vast proportion of the Pakistani population still uses cash as the mode of payment, cards are steadily making inroads. This may be attributed to rising awareness regarding the benefits and convenience of card payments. Innovative marketing campaigns (discounts, reward points) by banks are promoting use. Improved banking and technology infrastructure including ATMs, mobile banking applications, online payment getaways, Point of Sale (POS) terminals, etc. is facilitating growth. Table Of Content:
1 Key Facts and Top Events 2 Executive Summary 3 Payment Instruments 3.1 Current Payments Environment 3.2 Alternative Payment Instruments 3.2.1 Click2Pay 3.2.2 Skrill 3.2.3 ClickandBuy 3.2.4 PayPal 3.2.5 Payza 3.2.6 WebMoney 4 Market Attractiveness and Future Prospects of Cards and Payments 5 Analysis of Cards and Payments Industry Drivers 5.1 Demographic Drivers 5.2 Economic Drivers 5.3 Infrastructure Drivers 5.4 Business Drivers To Get Sample Copy of Report visit @ http://www.radiantinsights.com/research/pakistans-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategiesproducts-and-competitive-landscape#tabs-4 6 Emerging Consumer Attitudes and Trends 6.1 Market Segmentation and Targeting 6.1.1 Consumer cards 6.1.2 Corporate cards 6.1.3 New product launches 6.2 Travel Spending 6.2.1 Outbound trips spending 6.2.2 Inbound trips spending 7 Payment Cards 7.1 Payment Cards Market Analysis 7.1.1 Number of cards in circulation by card type 7.1.2 Transaction volume by card type 7.1.3 Transaction value by card type 7.1.4 Personal vs commercial cards 8 Debit Cards 8.1 Debit Cards Market Analysis
8.1.1 Number of debit cards in circulation 8.1.2 Debit card transaction volume by channel 8.1.3 Debit card transaction value by channel 8.1.4 Number of debit cards in circulation by scheme 8.1.5 Debit cards transaction value by scheme 8.1.6 Debit cards issuers market shares 8.1.7 Debit card comparison 9 Credit Cards 9.1 Credit Cards Market Analysis 9.1.1 Number of credit cards in circulation 9.1.2 Credit cards transaction volume by channel 9.1.3 Credit cards transaction value by channel 9.1.4 Number of credit cards in circulation by scheme 9.1.5 Credit cards transaction value by scheme 9.1.6 Credit cards issuers market share 9.1.7 Credit card comparison Read More Reports on Financial Services Markets: http://www.radiantinsights.com/catalog/financial-services 10 Commercial Cards 10.1 Commercial Cards Market Analysis 10.1.1 Number of commercial cards in circulation 10.1.2 Commercial cards transaction value 11 Regulations in the Cards and Payments Industry 11.1 Regulatory Framework 11.2 Anti-Money Laundering (AML) 11.3 Foreign Direct Investment (FDI) Regulations 12 Card Fraud Statistics 12.1 Card Fraud Analysis 13 Card Issuers 13.1 Habib Bank Ltd 13.2 National Bank of Pakistan 13.3 Bank Alfalah 13.4 United Bank Ltd 13.5 MCB Bank 14 Card Schemes 14.1 Visa 14.2 MasterCard 15 Prepaid Cards
15.1 Prepaid Cards Market Analysis 15.1.1 Number of prepaid cards in circulation 15.1.2 Prepaid cards transaction value 15.1.3 Open-loop prepaid cards 15.1.4 Closed-loop prepaid cards 15.1.5 Prepaid card comparison 16 Appendix 16.1 Tables 16.2 Methodology 16.3 Contact Timetric 16.4 About Timetric 16.5 Timetric's Services 16.6 Definitions 16.7 Disclaimer About Us Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of Ancillary services such as, research partnerships/ tie-ups and customized research solutions. Media Contact: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Email: sales@radiantinsights.com Website: Radiant Insights Visit Our Blog: radiantri.blogspot.com