Market Research on Saudi Arabias Cards and Payments Industry

ResearchMoz.us include new market research report " Saudi Arabias Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape " to its huge collection of research reports.

Logo

Albany, NY -- (ReleaseWire) -- 06/05/2014 --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.

View Full Report with TOC at: http://www.researchmoz.us/saudi-arabias-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape-report.html

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%.

While the debit cards category occupied the largest channel share of 57.7% in 2013, in terms of the number of cards in circulation, the prepaid and credit card categories are eroding the share of the debit cards category, which is anticipated to decrease to 52.3% in 2018. With government efforts to attract the non-banked population into the country’s banking system, domestic and foreign banks are issuing prepaid cards in large numbers. In 2013, the number of prepaid cards in circulation was 8.3 million, and is anticipated to reach 16.4 million by 2018.

E-commerce is increasing as a result of improvements in telecommunication infrastructure, payment and security systems, and an increased consumer willingness to shop online. E-commerce registered a review-period CAGR of 35.71%, rising from SAR1.8 billion (US$468.1 million) in 2009 to SAR6.0 billion (US$1.6 billion) in 2013.

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.

Browse More Reports related to Banking: http://www.researchmoz.us/banking- market- reports- 159.html

Key highlights:-

- 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%.
- While the debit cards category occupied the largest channel share of 57.7% in 2013, in terms of the number of cards in circulation, the prepaid and credit card categories are eroding the share of the debit cards category, which is anticipated to decrease to 52.3% in 2018. With government efforts to attract the non- banked population into the country’s banking system, domestic and foreign banks are issuing prepaid cards in large numbers. In 2013, the number of prepaid cards in circulation was 8.3 million, and is anticipated to reach 16.4 million by 2018....

Related Reports:-

Construction in Greece - Key Trends and Opportunities to 2018

The Greek construction industry recorded a CAGR of -21.55% during the review period (2009–2013). During the review period, construction industry growth was severely affected by the eurozone crisis, and prospects for growth are likely to remain subdued over the forecast period (2014–2018), due to the austerity measures specified by the ‘troika’ – the International Monetary Fund (IMF), the European Union (EU) and the European Central Bank (ECB) – for supplying bailout loans. The government’s initiative to promote the country as a logistics hub and tourist destination will attract investments in the commercial and infrastructure markets. Consequently, the construction industry’s output is expected to record a CAGR of 0.02% over the forecast period. Browse Full Report with TOC at: http://www.researchmoz.us/construction-in-greece-key-trends-and-opportunities-to-2018-report.html

China Currency Sorter Industry Report, 2014

Market demand for currency sorter in China came in full swing from 2005, and sales revenue has reached RMB 7.532 billion as of 2013, growing at a CAGR of 64.42% (2005-2013). The boom in demand for currency sorter in China is largely due to strong drive by banking needs, maturity of banknote sorter technology and guidance of central-bank policies, notably the “Timetable for Banknote Sorting in Full” issued by China's central bank in 2013. From competition pattern of China currency sorter market, before the year 2004, foreign brands including German Giesecke & Devrient GmbH, Japanese Glory and Laurel occupied the entire Chinese market, with large and medium-sized currency sorters being hit products; after 2005, Chinese local players grew rapidly in small currency sorter field and started to replace imported medium-sized currency sorters. By 2013, local brands accounted for about half of the currency sorter market share in China. Browse Full Report with TOC at: http://www.researchmoz.us/china-currency-sorter-industry-report-2014-report.html

About ResearchMoz
ResearchMoz ( http://www.researchmoz.us/ ) is the one stop online destination to find and buy market research reports. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. We provide the market context, competitor insight and future trends needed for strategic planning.

For More Information Kindly Contact:
Mrs.Sheela AK
Tel:+1-518-618-1030
Toll Free: 866-997-4948
Email: sales@researchmoz.us

Media Relations Contact

Sheela AK
Business Head
Researchmoz.us
518-618-1030
http://www.researchmoz.us/saudi-arabias-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape-report.html

View this press release online at: http://rwire.com/516514