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Oman's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

Published: Mar 27, 2015 | Pages: 73 | Publisher: Timetric | Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
Timetric's "Oman's Cards and Payments Industry, Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape" report provides detailed analysis of market trends in Oman's cards and payments industry. It provides values and volumes of a number of Key Performance Indicators (KPIs) operating in the industry, including check payments, credit transfers and payment cards during the review period (2009-2013). The report also analyses various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and transaction volume, during the review period and over the forecast period (2014-2018). Additionally, it offers information pertaining to the competitive landscape in the country, including market shares of issuers and schemes. This brings together Timetric's research, modeling, and analysis expertise, to develop an insightful report. This allows banks and card issuers to identify segment dynamics, competitive advantage and profiles of card issuers operating in the country. The report also covers a detailed regulatory policies and recent changes in regulatory structure and information, on card fraud statistics.
Summary
The report provides top-level market analysis, information and insights into Oman's cards and payments industry, including: Current and forecast values for each category of Oman's cards and payments industry, including debit cards, credit cards and prepaid cards. Comprehensive analysis of the industry's market attractiveness and future growth areas. Analysis of various market drivers and regulations governing Oman's cards and payments industry. Detailed analysis of marketing strategies adopted for selling debit, credit 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 Oman's cards and payments industry.
Scope
This report provides a comprehensive analysis of Oman's cards and payments industry. It provides current values for Oman's cards and payments industry for 2013, and forecast figures for 2018. It details the different economic, infrastructural and business drivers affecting Oman'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 major banks in Oman's cards and payments industry.
Reasons To Buy
Make strategic business decisions, using top-level historic and forecast market data, related to Oman's cards and payments industry and each market within it. Understand the key market trends and growth opportunities within Oman's cards and payments industry. Assess the competitive dynamics in Oman's cards and payments industry. Gain insights into marketing strategies used for selling various card types in Oman. Gain insights into key regulations governing of Oman's cards and payments industry.
Key Highlights
Checks and credit transfers were the preferred payment instruments, having a combined industry share of XX.X% in 2013, in terms of transaction value. The share of payment cards is increasing, as banks and the government are increasing benefits and awareness levels among consumers and merchants, as well as encouraging customers to use cashless transactions. Debit cards remained the preferred payment card during the review period, in terms of transaction value, growing from OMRX.X billion (US$X.X billion) in 2009 to OMRX.X billion (US$X.X billion) in 2013, at a CAGR of XX.XX%. The CBO has appealed to the country's residents to use non-cash payments as often as possible, including salary and other routine payments or withdrawals. To support this, the National e-Payment Gateway system was introduced in July 2012 in association with MasterCard as an electronic payment gateway service that offers payment services for the e-commerce industry, promoting online business and enabling consumers to shop and pay bills online.
 Table of Contents
1 Key Facts and Events 2 Executive Summary 3 Payment Instruments 3.1 Current Payments Environment 3.2 Alternative Payment Instruments 3.2.1 Skrill 3.2.2 ClickandBuy 3.2.3 Click2Pay 3.2.4 PayPal 3.2.5 CashU 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 6.1.2 Commercial cards 6.2 New Product Launches 6.3 Travel Spending 6.3.1 Outbound trips volume and spending 6.3.2 Inbound trips volume and spending 7 Payment Cards 7.1 Payment Cards 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 cards transaction volume by channel 8.1.3 Debit cards 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 card issuers' market shares 8.1.7 Debit cards comparison 9 Credit Cards 9.1 Credit Cards Market Analysis 9.1.1 Number of credit cards in circulation 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 card issuers' market shares 9.1.7 Credit cards comparison 10 Commercial Cards 10.1 Commercial Card Market Analysis 10.1.1 Number of commercial cards in circulation 10.1.2 Commercial card transaction values 10.1.3 Commercial cards comparison 11 Regulations in the Cards and Payments Industry 11.1 Regulatory Framework 11.2 Anti-Money Laundering (AML) 11.3 Foreign Direct Investment (FDI) Regulations 12 Card Fraud Statistics 12.1 Card Fraud Analysis 13 Card Issuers 13.1 Bank Muscat 13.2 National Bank of Oman 13.3 Bank Dhofar 13.4 HSBC Bank Oman 13.5 Standard Chartered Bank 14 Card Schemes 14.1 Visa 14.2 MasterCard 15 Appendix 15.1 Tables 15.2 Methodology 15.3 Contact Timetric 15.4 About Timetric 15.5 Timetric's Services 15.6 Definitions 15.7 Disclaimer
List of Tables
Table 1: Oman - Key Facts, 2013 Table 2: Regional Benchmarking of Oman Payment Cards Instrument, 2013 Table 3: Cards for High-Income Consumers Table 4: Cards for Students and the Young Population Table 5: Cards for Online Shoppers Table 6: Cards for the Female Population Table 7: Cards for Frequent Travelers Table 8: Oman - Commercial Cards Comparison and Key Features Table 9: Oman - New Product Launches Table 10: Regional Benchmarking of Omani Debit Cards, 2013 Table 11: Oman - Debit Card Comparisons and Key Features Table 12: Regional Benchmarking of Omani Credit Cards, 2013 Table 13: Oman - Gold Credit Card Comparisons and Key Features Table 14: Oman - Premium Credit Card Comparisons and Key Features Table 15: Oman - Commercial Cards Comparison and Key Features Table 16: Oman - Market Entry Strategies of Foreign Banks Table 17: Oman - Payment Instrument Transaction Values (OMR Million), 2009-2013 Table 18: Oman - Payment Instrument Transaction Values (US$ Billion), 2009-2013 Table 19: Oman - Payment Instrument Transaction Volumes (Million), 2009-2013 Table 20: Oman - Number of Cards in Circulation by Card Types (Million), 2009-2018 Table 21: Oman - Transaction Volume by Card Type (Million), 2009-2018 Table 22: Oman - Transaction Value by Card Type (OMR Billion), 2009-2018 Table 23: Oman - Transaction Value by Card Type (US$ Billion), 2009-2018 Table 24: Oman - Personal and Commercial Card Transaction Values (OMR Million), 2009-2018 Table 25: Oman - Personal and Commercial Card Transaction Values (US$ Million), 2009-2018 Table 26: Oman - Number of Debit Cards in Circulation (Million), 2009-2018 Table 27: Oman - Debit Card Transaction Volumes and Frequency by Channel, 2009-2018 Table 28: Oman - Debit Card Total and Average Transaction Values by Channel, 2009-2018 Table 29: Oman - Debit Card Total and Average Transaction Values by Channel, 2009-2018 Table 30: Oman - Number of Debit Cards in Circulation by Scheme (Million), 2009-2013 Table 31: Oman - Debit Card Transaction Values by Scheme (OMR Billion), 2009-2013 Table 32: Oman - Debit Card Transaction Values by Scheme (US$ Billion), 2009-2013 Table 33: Oman - Debit Card Transaction Values by Issuer (OMR Million), 2009-2013 Table 34: Oman - Debit Card Transaction Values by Issuer (US$ Million), 2009-2013 Table 35: Oman - Number of Credit Cards in Circulation (Million), 2009-2018 Table 36: Oman - Credit Card Transaction Volumes and Frequency by Channel, 2009-2018 Table 37: Oman - Credit Card Total and Average Transaction Values by Channel, 2009-2018 Table 38: Oman - Credit Card Total and Average Transaction Values by Channel, 2009-2018 Table 39: Oman - Number of Credit Cards in Circulation by Scheme (Thousand), 2009-2013 Table 40: Oman - Credit Card Transaction Values by Scheme (OMR Million), 2009-2013 Table 41: Oman - Credit Card Transaction Values by Scheme (US$ Million), 2009-2013 Table 42: Oman - Credit Card Transaction Values by Issuer (OMR Million), 2009-2013 Table 43: Oman - Credit Card Transaction Values by Issuer (US$ Million), 2009-2013 Table 44: Oman - Credit Card Balances Outstanding by Issuer (OMR Million), 2009-2013 Table 45: Oman - Credit Card Balances Outstanding by Issuer (US$ Million), 2009-2013 Table 46: Oman - Number of Commercial Cards in Circulation (Thousand), 2009-2018 Table 47: Oman - Commercial Card Transaction Values (OMR Million), 2009-2018 Table 48: Oman - Commercial Card Transaction Values (US$ Million), 2009-2018 Table 49: Oman - Commercial Credit Cards, 2009-2018 Table 50: Oman - Card Fraud (OMR Million), 2009-2013 Table 51: Oman - Card Fraud (US$ Million), 2009-2013 Table 52: Key Definitions


List of Figures
Figure 1: Oman - Payment Instruments Shares by Transaction Value (%), 2009 and 2013 Figure 2: Oman - Payment Instrument Shares by Transaction Volume (%), 2009 and 2013 Figure 3: Oman - Payment Cards Transaction Value and Growth, 2009-2018 Figure 4: Oman - Total Population (Million) and Proportion Aged Over 65 Years, 2009-2018 Figure 5: Oman - Nominal GDP (US$) and Real GDP Growth Rate (%), 2009-2018 Figure 6: Oman - Volume of ATMs and Penetration, 2009-2018 Figure 7: Oman - Volume of POS Terminals and Penetration, 2009-2018 Figure 8: Oman - Retail Sales Value (OMR Million), 2009-2018 Figure 9: Oman - Cards and Payments Industry Segmentation by Card Type Figure 10: Oman - Outbound Trips Volume and Spending, 2009-2018 Figure 11: Oman - Inbound Trips Volume and Spending, 2009-2018 Figure 12: Oman - Card Shares In Terms of Numbers in Circulation (%), 2009-2018 Figure 13: Oman - Card Shares in Terms of Transaction Volume (%), 2009-2018 Figure 14: Oman - Card Shares in Terms of Transaction Value (%), 2009-2018 Figure 15: Oman - Personal and Commercial Cards, Transaction Value (OMR Million), 2009-2018 Figure 16: Oman - Number of Debit Cards in Circulation (Million), 2009-2018 Figure 17: Oman - Debit Card Transaction Volumes by Channel (Million), 2009-2018 Figure 18: Oman - Debit Card Transaction Values by Channel (OMR Billion), 2009-2018 Figure 19: Oman - Debit Card Scheme Shares in Terms of Number of Cards in Circulation (%), 2013 Figure 20: Oman - Debit Card Scheme Market Shares in Terms of Transaction Value (%), 2013 Figure 21: Oman - Debit Card Issuers' Market Shares in Terms of Transaction Value (%), 2013 Figure 22: Oman - Number of Credit Cards in Circulation (Thousand), 2009-2018 Figure 23: Oman - Credit Card Transaction Volumes by Channel (Thousand), 2009-2018 Figure 24: Oman - Credit Card Transaction Values by Channel (OMR Million), 2009-2018 Figure 25: Oman - Credit Card Scheme Market Shares in Terms of Number of Cards in Circulation (%), 2013 Figure 26: Oman - Credit Cards Scheme Market Share in Terms of Transaction Value (%), 2013 Figure 27: Oman - Credit Card Issuers' Market Shares in Terms of Transaction Value (%), 2013 Figure 28: Oman - Credit Card Issuers' Market Shares in Terms of Outstanding Balance (%), 2013 Figure 29: Oman - Number of Commercial Cards in Circulation (Thousand), 2009-2018 Figure 30: Oman - Commercial Card Transaction Values (OMR Million), 2009-2018 Figure 31: Oman - Shares of Various Types of Card Fraud in Terms of Transaction Value (%), 2009 and 2013

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