Showing posts with label Saudi Arabia Cards and Payments. Show all posts
Showing posts with label Saudi Arabia Cards and Payments. Show all posts

Wednesday, June 4, 2014

Saudi Arabia Cards and Payments Market Advancements & Opportunities to 2018

Saudi Arabia Cards and Payments Industry Order report by calling marketreportsstore.com at +1 888 391 5441 OR send an email on sales@marketreportsstore.com  
Synopsis
The report provides top-level market analysis, information and insights into Saudi Arabia's cards and payments industry, including:
  • Current and forecast values for each category of Saudi Arabia'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 Saudi Arabia'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 Saudi Arabia's cards and payments industry
Summary
  • The Saudi Arabian economy was largely resilient to the global financial crisis, mainly due to a sound banking and financial system. The system was well capitalized with domestic banks maintaining a capital adequacy ratio of 17.9% at the end of 2013, as a result of which credit was easily available to corporate sectors. Consequently, business activity was vibrant and confidence was high, which reflected positively on employment levels, income and the overall card payments channel.
  • The Saudi Arabian card payments channel grew at a healthy pace, both in terms of volume and value during the review period (2009?2013). In terms of the number of cards in circulation, the channel increased from 17.2 million cards in 2009 to 26.8 million in 2013, at a review-period compound annual growth rate (CAGR) of 11.75%. Over the forecast period (2014?2018), the card payments channel is anticipated to register a CAGR of 8.66%, to reach 42.2 million cards in 2018.
  • In terms of transaction value, the card payments channel increased from SAR489.2 billion (US$130.5 billion) in 2009 to SAR863.9 billion (US$230.4 billion) in 2013, at a review-period CAGR of 15.28%. The card payments channel is anticipated to increase further from SAR936.7 billion (US$249.8 billion) in 2014 to SAR1.2 trillion (US$308.7 billion) in 2018, representative of a forecast-period CAGR of 5.44%.

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