Aarkstore -Lebanons Cards and Payments Industry

Page 1

AArkstore enterprise 10th December 2014

Lebanons Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape Browse Full Report @ http://www.aarkstore.com/financial-services/80150/lebanons-cards-and-payments-industryemerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape Published: Dec 2014 | No. Of Pages: 92 Pages PDF: $ 3995 | Site Licence : $ 7900 |Enterprise Wide Licence :$ 11985

Synopsis The report provides top-level market analysis, information and insights into Lebanon's cards and payments industry, including: Current and forecast values for each category of Lebanon's cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards Comprehensive analysis of the industrys market attractiveness and future growth areas Analysis of various market drivers and regulations governing Lebanon'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 Lebanon's cards and payments industry

Website : http://www.aarkstore.com/


AArkstore enterprise Summary Lebanese payments cards (including debit, credit and charge cards) registered positive growth during the review period, recording a compound annual growth rate (CAGR) of 3.41%, increasing from 1.6 million cards in circulation in 2009 to 1.8 million by the end of 2013. In terms of transaction value, payment cards valued LBP15.5 trillion (US$10.3 billion) in 2013, after registering a review-period (20092013) CAGR of 12.07%. The introduction of improved cards, rising consumer awareness for electronic payments, adoption of advanced technologies such as PayWave and PayPass feature, EMV technology and contactless cards all contributed towards the growth in payment cards. In 2013, the average transaction value (ATV) in Lebanon was US$177.6, which was the fifth highest in the Middle East and North Africa (MENA) region. Kuwait recorded the highest ATV, with US$319.6, followed by the UAE (US$263.1), Oman (US$207.1) and Bahrain (US$185.3). In terms of card penetration, Lebanon had the ninth highest level of 0.4 cards per inhabitant, followed by Iran (2.4), the UAE (2), South Africa (1.3), Kuwait (1.3), Israel (1.1), Oman (1.0), Bahrain (0.8) and Saudi Arabia (0.7). Lebanon ranked seventh among the other MENA countries in the frequency of use of payment cards, with 31.9 transactions per card. Israel recorded the highest frequency with 131.2, followed by Saudi Arabia (95.3), Kuwait (47.4), Iran (46.5), the UAE (43.1) and Nigeria (38.2). The prepaid cards market is growing rapidly, and is expected to surpass debit, credit and charge cards in terms of number of cards in circulation by 2018. In terms of the number of cards in circulation, the prepaid cards market in Lebanon increased with 107,702 cards in circulation in 2013, which is anticipated to increase to 2.3 million cards in 2018. To promote such cards, Byblos Bank and Blom Bank are offering cards at different prices ranging from LBP12,060LBP376,875 (US$8US$250), targeting the young population (from the age of 12 years) and regular internet surfers who prefer to make purchases online. These cards include offers such as the redemption of reward points that are attached with it. Prepaid cards are also popular for the remittance facility. IRemit, a global remittance company, issues the I-remit Visa Prepaid Card which ensures faster and safer remittance facilities from Lebanon to the beneficiary in the Philippines. This card also offers facilities such as online payment for utility bills and online shopping. Smart cards with contactless technology features are an emerging trend across the globe, with the same case in Lebanon. Contactless technology was introduced to the country in association with Visa. Bank Audi and Visa launched PayWave contactless payment technology in June 1, 2014, and the bank also issues cards with PayPass contactless features in association with MasterCard. Similarly, contactless technology is being used for mobile payments. In April 15, 2014, Bank Audi launched the Tap2pay NFC Mobile Payment service, which allows mobile phone users to use their mobile phone as a credit card. This was launched in partnership with MasterCard and the mobile operators Alfa and Touch.

Website : http://www.aarkstore.com/


AArkstore enterprise Scope This report provides a comprehensive analysis of Lebanon's cards and payments industry. It provides current values for Lebanon's cards and payments industry for 2013, and forecast figures for 2018. It details the different economic, infrastructural and business drivers affecting Lebanon'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 Lebanon's cards and payments industry.

Reasons To Buy Make strategic business decisions using top-level historic and forecast market data related to Lebanon's cards and payments industry and each market within it. Understand the key market trends and growth opportunities in Lebanon's cards and payments industry. Assess the competitive dynamics in Lebanon's cards and payments industry. Gain insights in to the marketing strategies used to sell various card types in Lebanon. Gain insights into key regulations governing Lebanon's cards and payments industry.

Key Highlights Lebanese payments cards (including debit, credit and charge cards) registered positive growth during the review period, recording a compound annual growth rate (CAGR) of 3.41%, increasing from 1.6 million cards in circulation in 2009 to 1.8 million by the end of 2013. In terms of transaction value, payment cards valued LBP15.5 trillion (US$10.3 billion) in 2013, after registering a review-period (20092013) CAGR of 12.07%. In 2013, the average transaction value (ATV) in Lebanon was US$177.6, which was the fifth highest in the Middle East and North Africa (MENA) region. Kuwait recorded the highest ATV, with US$319.6, followed by the UAE (US$263.1), Oman (US$207.1) and Bahrain (US$185.3). In terms of card penetration, Lebanon had the ninth highest level of 0.4

Website : http://www.aarkstore.com/


AArkstore enterprise cards per inhabitant, followed by Iran (2.4), the UAE (2), South Africa (1.3), Kuwait (1.3), Israel (1.1), Oman (1.0), Bahrain (0.8) and Saudi Arabia (0.7). Lebanon ranked seventh among the other MENA countries in the frequency of use of payment cards, with 31.9 transactions per card. Israel recorded the highest frequency with 131.2, followed by Saudi Arabia (95.3), Kuwait (47.4), Iran (46.5), the UAE (43.1) and Nigeria (38.2). The prepaid cards market is growing rapidly, and is expected to surpass debit, credit and charge cards in terms of number of cards in circulation by 2018. In terms of the number of cards in circulation, the prepaid cards market in Lebanon increased with 107,702 cards in circulation in 2013, which is anticipated to increase to 2.3 million cards in 2018. To promote such cards, Byblos Bank and Blom Bank are offering cards at different prices ranging from LBP12,060LBP376,875 (US$8US$250), targeting the young population (from the age of 12 years) and regular internet surfers who prefer to make purchases online. These cards include offers such as the redemption of reward points that are attached with it. Smart cards with contactless technology features are an emerging trend across the globe, with the same case in Lebanon. Contactless technology was introduced to the country in association with Visa. Bank Audi and Visa launched PayWave contactless payment technology in June 1, 2014, and the bank also issues cards with PayPass contactless features in association with MasterCard. Similarly, contactless technology is being used for mobile payments. In April 15, 2014, Bank Audi launched the Tap2pay NFC Mobile Payment service, which allows mobile phone users to use their mobile phone as a credit card. This was launched in partnership with MasterCard and the mobile operators Alfa and Touch.

Click here and avail Discount offer on Market Research reports: http://www.aarkstore.com/discount.php Discount valid till 31st December 2014

Website : http://www.aarkstore.com/


AArkstore enterprise Tables Of Contents 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 Neteller 3.2.5 CashU 3.2.6 NetCommerce 3.2.7 Paymo 3.2.8 DaoPay 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 6 Emerging Consumer Attitudes and Trends 6.1 Market Segmentation and Targeting 6.1.1 Consumer cards

Website : http://www.aarkstore.com/


AArkstore enterprise 6.1.2 Corporate cards 6.1.3 New product launches 6.2 Travel Spending 6.2.1 Outbound spending 6.2.2 Inbound spending 7 Payment Cards 7.1 Payment Cards Instrument 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

Website : http://www.aarkstore.com/


AArkstore enterprise 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 10 Charge Cards 10.1 Charge Cards Market Analysis 10.1.1 Number of charge cards in circulation 10.1.2 Charge cards transaction volume by channel 10.1.3 Charge cards transaction value by channel 10.1.4 Number of charge cards in circulation by scheme 10.1.5 Charge cards transaction value by scheme 10.1.6 Charge card comparison 11 Commercial Cards 11.1 Commercial Cards Market Analysis 11.1.1 Number of commercial cards in circulation 11.1.2 Commercial cards transaction value 11.1.3 Commercial credit cards 11.1.4 Commercial charge cards 11.1.5 Commercial card comparison 12 Regulations in the Cards and Payments Industry 12.1 Regulatory Framework

Website : http://www.aarkstore.com/


AArkstore enterprise 12.2 Anti-Money Laundering (AML) 12.3 Foreign Direct Investment (FDI) Regulations 13 Card Fraud Statistics 13.1 Card Fraud Analysis 14 Card Issuers 14.1 Bank Audi 14.2 Blom Bank 14.3 Credit Libanais 14.4 Byblos Bank 15 Card Schemes 15.1 Visa 15.2 MasterCard 15.3 American Express 16 Prepaid Cards 16.1 Prepaid Cards Market Analysis 16.1.1 Number of prepaid cards in circulation 16.1.2 Prepaid cards transaction value 16.1.3 Open-loop prepaid cards 16.1.4 Closed-loop prepaid cards 16.1.5 Prepaid card comparison 17 Appendix 17.1 Tables 17.2 Methodology

Website : http://www.aarkstore.com/


AArkstore enterprise 17.3 Contact Timetric 17.4 About Timetric 17.5 Timetrics Services 17.6 Definitions 17.7 Disclaimer

List Of Tables Table 1: Lebanon Key Facts, 2013 Table 2: Regional Benchmarking of Lebanon Payment Cards Instrument, 2013 Table 3: Specialized Cards for High-Income Customers Table 4: Specialized Cards for Shoppers and Vehicle Owners Table 5: Specialized Cards for Young Population and Students Table 6: Specialized Cards for the Female Population Table 7: Specialized Cards for Frequent Flyers Table 8: Specialized Cards for Business Managers and Entrepreneurs Table 9: Lebanon New Product Launches Table 10: Regional Benchmarking of Lebanon Debit Cards, 2013 Table 11: Lebanon Debit Card Comparison Table 12: Regional Benchmarking of Lebanon Credit Cards, 2013 Table 13: Lebanon Gold Cards Comparison Table 14: Lebanon Premium Cards Comparison Table 15: Regional Benchmarking of Lebanon Charge Cards, 2013 Table 16: Lebanon Charge Cards Comparison

Website : http://www.aarkstore.com/


AArkstore enterprise Table 17: Lebanon Commercial Cards Comparison Table 18: Lebanon Market Entry Strategies of Foreign Banks Table 19: Regional Benchmarking of Lebanon Prepaid Cards, 2013 Table 20: Lebanon Prepaid Cards Comparison Table 21: Lebanon Payment Instruments Transaction Value (LBP Trillion), 20092013 Table 22: Lebanon Payment Instruments Transaction Value (US$ Billion), 20092013 Table 23: Lebanon Payment Instruments Transaction Volume (Million), 20092013 Table 24: Lebanon Number of Cards in Circulation by Card Types (Thousand), 20092018 Table 25: Lebanon Transaction Volume by Card Type (Million), 20092018 Table 26: Lebanon Transaction Value by Card Type (LBP Billion), 20092018 Table 27: Lebanon Transaction Value by Card Type (US$ Million), 20092018 Table 28: Lebanon Personal and Commercial Cards Transaction Value (LBP Billion), 20092018 Table 29: Lebanon Personal and Commercial Cards Transaction Value (US$ Million), 20092018 Table 30: Lebanon Number of Debit Cards in Circulation (Million), 20092018 Table 31: Lebanon Debit Cards Transaction Volume and Frequency by Channel, 20092018 Table 32: Lebanon Debit Cards Total and Average Transaction Value by Channel, 20092018 Table 33: Lebanon Debit Cards Total and Average Transaction Value by Channel, 20092018 Table 34: Lebanon Number of Debit Cards in Circulation By Scheme (Thousand), 20092013 Table 35: Lebanon Debit Cards Transaction Value By Scheme (LBP Trillion), 20092013 Table 36: Lebanon Debit Cards Transaction Value By Scheme (US$ Billion), 20092013 Table 37: Lebanon Debit Cards Transaction Value By Issuer (LBP Billion), 20092013 Table 38: Lebanon Debit Cards Transaction Value By Issuer (US$ Million), 20092013 Table 39: Lebanon Number of Credit Cards in Circulation (Thousand), 20092018

Website : http://www.aarkstore.com/


AArkstore enterprise Table 40: Lebanon Credit Cards Transaction Volume and Frequency by Channel, 20092018 Table 41: Lebanon Credit Cards Total and Average Transaction Value by Channel, 20092018 Table 42: Lebanon Credit Cards Total and Average Transaction Value by Channel, 20092018 Table 43: Lebanon Number of Credit Cards in Circulation By Scheme (Thousand), 20092013 Table 44: Lebanon Credit Cards Transaction Value By Scheme (LBP Billion), 20092013 Table 45: Lebanon Credit Cards Transaction Value By Scheme (US$ Million), 20092013 Table 46: Lebanon Credit Cards Transaction Value By Issuer (LBP Billion), 20092013 Table 47: Lebanon Credit Cards Transaction Value By Issuer (US$ Million), 20092013 Table 48: Lebanon Number of Charge Cards in Circulation (Thousand), 20092018 Table 49: Lebanon Charge Cards Transaction Volume and Frequency by Channel, 20092018 Table 50: Lebanon Charge Cards Total and Average Transaction Value by Channel, 20092018 Table 51: Lebanon Charge Cards Total and Average Transaction Value by Channel, 20092018 Table 52: Lebanon Number of Charge Cards in Circulation By Scheme (Thousand), 20092013 Table 53: Lebanon Charge Cards Transaction Value By Scheme (LBP Billion), 20092013 Table 54: Lebanon Charge Cards Transaction Value By Scheme (US$ Million), 20092013 Table 55: Lebanon Number of Commercial Cards in Circulation (Thousand), 20092018 Table 56: Lebanon Commercial Cards Transaction Value (LBP Billion), 20092018 Table 57: Lebanon Commercial Cards Transaction Value (US$ Million), 20092018 Table 58: Lebanon Commercial Credit Cards, 20092018 Table 59: Lebanon Commercial Charge Cards, 20092018 Table 60: Lebanon Card Fraud (LBP Million), 20092013 Table 61: Lebanon Card Fraud (US$ Thousand), 20092013 Table 62: Lebanon Number of Prepaid Cards in Circulation (Thousand), 20092018

Website : http://www.aarkstore.com/


AArkstore enterprise Table 63: Lebanon Prepaid Cards Transaction Value (LBP Billion), 20092018 Table 64: Lebanon Prepaid Cards Transaction Value (US$ Million), 20092018 Table 65: Lebanon Open-Loop Prepaid Cards, 20092018 Table 66: Lebanon Closed-Loop Prepaid Cards, 20092018 Table 67: Key Definitions

List Of Figures Figure 1: Lebanon Payment Instruments Shares by Transaction Value (%), 2009 and 2013 Figure 2: Lebanon Payment Instruments Shares by Transaction Volume (%), 2009 and 2013 Figure 3: Lebanon Payment Cards Transaction Value and Growth, 20092018 Figure 4: Lebanon Total Population (Million) and Proportion Over 65 (%) for 20092018 Figure 5: Lebanon Nominal GDP Per Capita (US$) and Real GDP (%) for 20092018 Figure 6: Lebanon Volume of ATMs and Penetration, 20092018 Figure 7: Lebanon Volume of POS and Penetration, 20092018 Figure 8: Lebanon E-Commerce Value (LBP Billion), 20092018 Figure 9: Lebanon Cards and Payments Industry Segmentation by Card Type Figure 10: Lebanon Outbound Spending (LBP Billion), 20092013 Figure 11: Lebanon Inbound Spending (LBP Trillion), 20092013 Figure 12: Lebanon Card Shares In Terms of Numbers in Circulation (%), 20092018 Figure 13: Lebanon Card Shares in Terms of Transaction Volume (%), 20092018 Figure 14: Lebanon Card Shares in Terms of Transaction Value (%), 20092018 Figure 15: Lebanon Personal and Commercial Cards, Transaction Value (LBP Billion), 20092018 Figure 16: Lebanon Number of Debit Cards in Circulation (Thousand), 20092018

Website : http://www.aarkstore.com/


AArkstore enterprise Figure 17: Lebanon Debit Card Transaction Volume by Channel (Million), 20092018 Figure 18: Lebanon Debit Card Transaction Value by Channel (LBP Trillion), 20092018 Figure 19: Lebanon Debit Card Scheme Shares in Terms of Number of Cards in Circulation (%), 2013 Figure 20: Lebanon Debit Card Scheme Market Share in Terms of Transaction Values (%), 2013 Figure 21: Lebanon Debit Card Issuers Market Shares in Terms of Transaction Value (%), 2013 Figure 22: Lebanon Number of Credit Cards in Circulation (Thousand), 20092018 Figure 23: Lebanon Credit Cards Transaction Volume by Channel (Million), 20092018 Figure 24: Lebanon Credit Cards Transaction Value by Channel (LBP Billion), 20092018 Figure 25: Lebanon Credit Cards Scheme Market Share in Terms of Number of Cards in Circulation (%), 2013 Figure 26: Lebanon Credit Cards Scheme Market Share in Terms of Transaction Value (%), 2013 Figure 27: Lebanon Credit Cards Issuers Market Share in Terms of Transaction Value (%), 2013 Figure 28: Lebanon Number of Charge Cards in Circulation (Thousand), 20092018 Figure 29: Lebanon Charge Cards Transaction Volume by Channel (Thousand), 20092018 Figure 30: Lebanon Charge Cards Transaction Value by Channel (LBP Billion), 20092018 Figure 31: Lebanon Charge Cards Scheme Market Share in Terms of Number of Cards in Circulation (%), 2013 Figure 32: Lebanon Charge Cards Scheme Market Share in Terms of Transaction Value (%), 2013 Figure 33: Lebanon Number of Commercial Cards in Circulation (Thousand), 20092018 Figure 34: Lebanon Commercial Cards Transaction Value (LBP Billion), 20092018 Figure 35: Lebanon Shares of Various Types of Card Fraud in Terms of Transaction Value (%), 2009 and 2013 Figure 36: Lebanon Number of Prepaid Cards in Circulation (Thousand), 20092018 Figure 37: Lebanon Prepaid Cards Transaction Value (LBP Billion), 20092018

Related reports:

Website : http://www.aarkstore.com/


AArkstore enterprise Prepaid Card Market Size and Forecast in Saudi Arabia to 2018: Market Profile Charge Card Market Size and Forecast in Saudi Arabia to 2018: Market Profile Insight Report: Best Practices in Marketing Retail Banking Products Debit Card Market Size and Forecast in New Zealand to 2018: Market Profile Prepaid Card Market Size and Forecast in New Zealand to 2018: Market Profile Charge Card Market Size and Forecast in New Zealand to 2018: Market Profile Credit Card Market Size and Forecast in New Zealand to 2018: Market Profile Debit Card Market Size and Forecast in Peru to 2018: Market Profile Life Insurance in Russia, Key Trends and Opportunities to 2018 Non-Life Insurance in Russia, Key Trends and Opportunities to 2018

About Aarkstore Enterprise Aarkstore Enterprise is a leading provider of business and financial information and solutions worldwide. We specialize in providing online market business information on market research reports, books, magazines, conference at competitive prices, and strive to provide excellent and innovative service to our customers.

You can order full Report with TOC and Sample page visit: http://www.aarkstore.com/financial-services/80150/lebanons-cards-and-paymentsindustry-emerging-opportunities-trends-size-drivers-strategies-products-andcompetitive-landscape

Contact Details: Aarkstore Enterprise Phone: +91 998 729 5242

Website : http://www.aarkstore.com/


AArkstore enterprise Email: enquiry@aarkstore.com Our Website: http://www.aarkstore.com Facebook: https://www.facebook.com/aarkstoredotcom Linkedin: http://www.linkedin.com/company/aarkstore-enterprise

Website : http://www.aarkstore.com/


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.