Kuwait Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Synopsis The report provides top-level market analysis, information and insights into Kuwait's cards and payments industry, including: Current and forecast values for each category of Kuwait's cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards Comprehensive analysis of the industry’s market attractiveness and future growth areas Analysis of various market drivers and regulations governing Kuwait's cards and payments industry Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by banks and other institutions in the market Comprehensive analysis of consumer attitudes and buying preferences for cards The competitive landscape of Kuwait's cards and payments industry Complete Report Available at http://marketreportsstore.com/kuwaits-cards-and-payments-industryemerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape/ . Summary The Kuwaiti card payments channel grew strongly in terms of transaction value during the review period (2009?2013). The card payments channel valued KWD16.0 billion (US$56.4 billion) in 2013, after registering a compound annual growth rate (CAGR) of 12.02%. Improved banking infrastructure and the increased installation of point of sale (POS) terminals in merchant outlets were the channel’s key growth factors. In terms of transaction value, debit cards accounted for a channel share of 60.0% in 2013, and situation which is expected to be maintained over the forecast period. Due to the emergence of contactless payment systems, enhanced security features and the convenience of electronic payments, Kuwait’s population has been encouraged to perform more card-based transactions. In 2013, the 3D password feature was added to credit cards by Ahli United Bank Kuwait, and helped to increase customer confidence for card-based transactions. To promote debit card usage, an integrated POS service is being installed across all Gulf Cooperation Council (GCC) countries. In order to target customers more precisely, banks design specialized products to meet the demands of specific target groups. The National Bank of Kuwait has developed new product strategies targeting niche segments such as women and premium customers. In partnership with Zain, a telecom company, the bank offers co-branded cards for mobile users, which give customers a free SMS for every Kuwaiti Dinar spent using the card. Upon applying for the Zain Visa Card, the cardholder also gets 100 free introductory bonus local text messages for every KWD1 (US$3.5) spent. The bank has also partnered with Diners Club to offer a co-branded card for travelers, which provides complimentary travel insurance. Inquire for discount @ http://marketreportsstore.com/discount/?rname=17980 . (Single User License US$ 3995)
Kuwait Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Scope This report provides a comprehensive analysis of Kuwait's cards and payments industry. It provides current values for Kuwait's cards and payments industry for 2013, and forecast figures for 2018. It details the different economic, infrastructural and business drivers affecting Kuwait's cards and payments industry. It outlines the current regulatory framework in the industry. It details the marketing strategies used by various banks and other institutions. It profiles the major banks in Kuwait's cards and payments industry. Key highlights The Kuwaiti card payments channel grew strongly in terms of transaction value during the review period (2009?2013). The card payments channel valued KWD16.0 billion (US$56.4 billion) in 2013, after registering a compound annual growth rate (CAGR) of 12.02%. Improved banking infrastructure and the increased installation of point of sale (POS) terminals in merchant outlets were the channel’s key growth factors. In terms of transaction value, debit cards accounted for a channel share of 60.0% in 2013, and situation which is expected to be maintained over the forecast period. Buy a Copy of the Report at http://marketreportsstore.com/purchase?rname=17980 . For more reports on Banking and finance Click here Contact sales@marketreportsstore.com / Call +1 888 391 5441 for further information on “Kuwait Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report OR for any other market research and intelligence needs you may have for your business.