The growth of Singapore card payments market is driven by the growing e-commerce industry, growing tourism, rising disposable income, new product launches and growth in retail sector. High internet penetration in the country is expected to encourage online sales, which is expected to contribute to the growth of card payments market in Singapore.
Browse Full Report Visit - http://www.acutemarketreports.com/report/singapore-cards-and-payments-market
A large tourist inflow in the country is expected to increase the demand for travel and transit cards. Also contactless payments, NFC payments and EMV cards are expected to support the growing card payments market in Singapore.
The credit card transactions were encouraged by growth in payment infrastructure (such as POS and ATM terminals), advanced card features (such as EMV technology) and promotional strategies offered by banks (such as cashback offers and reward programs). The credit cards transactions are primarily made at POS terminals for retail purchases, rather than for cash withdrawals at ATMs. In 2014, value of transactions at POS terminals accounted for 95.7% of total credit card transactions in Singapore.
By scheme, the number of debit cards in circulation was dominated by NETS, with market share of 79%, followed by Visa with 12% market share in 2014. In credit card segment, Visa was a leading scheme with a market share of 57% of the total credit cards in circulation.
In debit card segment, DBS Bank was the leading card issuer in terms of the number of cards in circulation in 2014. The charge cards category represent a small portion of pay later card market, but is expected to gain momentum due to expected growth in volume of high net worth individuals during the period 2015 to 2020.
Key players in the debit and credit cards market include:
- DBS Bank
- Oversea-Chinese Banking Corporation
- United Overseas Bank
- Citibank
- Standard Chartered Bank
- HSBC
Browse All Reports of This Category - http://www.acutemarketreports.com/category/banking-market
Scope of Report
Singapore Cards and Payments market databook includes market size and forecast for the period 2010 to 2020 in terms of number of cards, value and volume of transactions processed through these cards. The databook also includes competitive landscape (card issuers in the country) for both debit cards and credit cards.
Key data points covered in the databook are:
Card Market – Debit cards and Credit cards
- Number of cards
- Number of transactions
- Value of transactions
- Frequency of use
- Average transaction value
- Card turnover
Purchase a Copy Of This Report - http://www.acutemarketreports.com/request-free-sample/39763
Payment Market – ATM and POS terminals
- Number of terminals
- Number of transactions
- Value of transactions
- Frequency of use
- Average transaction value
- Card turnover
Competitive Landscape of Card Issuer – Debit card and Credit card
- Number of cards
- Number of transactions
- Value of transactions
- Credit card balance outstanding
For Technology News : http://www.mobilecomputingtoday.co.uk/
About - Acute Market Reports :
Acute Market Reports is the most sufficient collection of market intelligence services online. It is your only source that can fulfill all your market research requirements.We provide online reports from over 100 best publishers and upgrade our collection regularly to offer you direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends.
Our team consists of highly motivated market research professionals and they are accountable for creating the groundbreaking technology that we utilize in our search engine operations to easily recognize the most current market research reports online.
Contact Us :
Chris Paul
ACUTE MARKET REPORTS
Office No 101, 1st Floor ,
Aditi Mall, Baner,
Pune, MH, 411045
India
Toll Free(US/CANADA): +1-855-455-8662
India: +91 7755981103
Email : sales@acutemarketreports.com
Website : http://www.acutemarketreports.com
No comments:
Post a Comment