Payment Cards in Singapore | Market Research Report On Aarkstore Enterprise

Payment Cards in Singapore | Market Research Report On Aarkstore Enterprise

Introduction

Payment Cards in Singapore is an invaluable guide to one of the most interesting payment card markets in Asia Pacfific. The report provides statistics on market size, competitor market shares and forecasts. It also provides an overview of regulation, competitor activities, issuer strategy and product innovation including developments in contactless, mobile payments, online and prepaid cards.

Features and benefits

* Detailed market data, market shares and forecasts are an invaluable guide for any payments player building a business case for activity in Singapore.* Analysis of the opportunities across different consumer segments allows for specific targeting of the most profitable customer groups.* In depth insight into contactless, mobile, prepaid and online payments highlight future revenue generation opportunities for all industry stakeholders

Highlights

Singapore is a relatively small country which has become the financial hub of South East Asia and arguably the main financial center in Asia. In terms of payment cards, Singapore has advanced payment infrastructures and positive consumer attitudes towards developing technology in this sector.The majority of payment cards in Singapore are pay now cards, which are expected to dominate the market throughout the next five-year period. However, the key growth sector is credit cards, which is expected to grow at a CAGR of 7.6% over 200914, from 5.4 million to 8.6 million.With over 5 million credit cards in circulation, credit card issuers in Singapore need to understand the different customer segments that currently make up the market.

Your key questions answered

* Which card segments are showing the fastest growth in Singaporean market and why?* Who are the key players in Singapore and their market share?* How do consumers react to different card offers and what features may attract new customers?* Should financial institutions in Singapore include a contactless strategy in their short to medium term strategy?

Table of Contents :

Executive Summary

Sizing and forecasting the payment card market in Singapore

Singapore has well established payment infrastructures

Credit cards are expected to grow faster than debit cards

Transactors dominate the credit card market in Singapore

Competitor and product developments in Singapore

Banks are targeting niche consumer needs through exclusive credit card discount offers

No frills cards may attract some opportunities in Singapore

Online, contactless, prepaid and mobile payments

The online payment market is dominated by card-based payments

Credit card issuers need to address security issues in order to maintain their lead in e-commerce

Singapore has a fragmented but advanced contactless payment infrastructure

Contactless payments are a $2.8bn opportunity in Singapore

Mobile payments: financial services providers should also look beyond contactless cards

OVERVIEW

Catalyst

Summary

SIZING AND FORECASTING THE PAYMENT CARD MARKET IN SINGAPORE

Overview

Key macroeconomic and consumer data

Macroeconomic trends and performance

Demographic and consumer trends

Sizing the payment card market in Singapore

Size and performance of the payment card market

Market structure and key issues

The payment market is regulated by the Monetary Authority of Singapore

Singapore has well established payment infrastructures

Forecasting the payment card market in Singapore

Forecasting the pay now card market

Forecasting the revolving credit card market

Forecasting the charge card market

Singapore credit card customer segments

Definitions of Datamonitors credit card customer profiles

Transactors are the dominant credit card customer segment in Singapore

Transactors and revolvers have similar income profiles

FS providers should target transactors at the upper income level

COMPETITOR AND PRODUCT DEVELOPMENTS IN SINGAPORE

Overview

Profiles of the key players in Singapore

DBS Bank

OCBC Bank

UOB

Card issuer market shares and performance

Credit card market shares

Pay now card market shares

Charge card market shares

Product design and issuer strategy in Singapore

Credit card issuers put strong emphasis on reward programs

Rewards drive customer acquisition leading issuers to rely on fee income

Regulation has been a key driver of high credit card holding in Singapore

Product innovations are focusing on the delivery of rewards to consumers

Winning new business: No frills cards are an opportunity while consumers want streamlined applications

Debit cards on international schemes becomes the main differentiation factor for deposit products

Card scheme market shares and developments

Pay now card scheme shares

Charge card scheme shares

ONLINE, CONTACTLESS, PREPAID, AND MOBILE PAYMENTS

Overview

For some-more information, Great fully visit:

http://www.aarkstore.com/reports/Payment-Cards-in-Singapore-92246.html

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