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The Cards and Payments Industry in Chile: Emerging Trends and Opportunities to 2019

Published: Oct 9, 2015 | Pages: 49 | Publisher: Timetric | Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
Timetric's 'The Cards and Payments Industry in Chile: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Chile's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits and payment cards during the review period (2010-2014). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015-2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes. The report brings together Timetric's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers regulatory policy, recent changes in the regulatory structure, and details of private-label card issuers operating in the country.
Summary
Timetric's 'The Cards and Payments Industry in Chile: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Chile's cards and payments industry, including: Current and forecast values for each market in Chile's cards and payments industry, including debit and credit cards. It also includes detailed analysis of the prepaid card market. Detailed insights into payment instruments including check payments, credit transfers, direct debits and payment cards. It also includes an overview of the country's key alternative payment instruments. Analysis of various market drivers and regulations governing Chile's cards and payments industry. Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards. Comprehensive analysis of consumer attitudes and buying preferences for cards. The competitive landscape of Chile's cards and payments industry.
Scope
This report provides a comprehensive analysis of Chile's cards and payments industry. It provides current values for Chile's cards and payments industry for 2014, and forecast figures to 2019. It details the different economic, infrastructural and business drivers affecting Chile's cards and payments industry. It outlines the current regulatory framework in the industry. It details marketing strategies used by various banks and other institutions.
Reasons To Buy
Make strategic business decisions, using top-level historic and forecast market data related to Chile's cards and payments industry and each market within it. Understand key market trends and growth opportunities in Chile's cards and payments industry. Assess the competitive dynamics in Chile's cards and payments industry. Gain insights into marketing strategies used for various card types in Chile. Gain insights into key regulations governing Chile's cards and payments industry.
Key Highlights
Chile's cards and payments industry underwent a transformation during the review period, helped by the entrance of multinational banks, government initiatives such as the financial inclusion program, and infrastructure modernization. As check use has declined, debit and credit cards have benefited. Government efforts to provide basic banking and financial services to the unbanked helped a large proportion of the population to become banked, which also benefitted the industry. According to the World Bank's Global Findex, its global financial inclusion database, the percentage of individuals aged over 15 with an account grew from 42.2% in 2011 to 63.3% in 2014. There were 7.4 million CuentaRUT account holders at BancoEstado as of 2014, representing 41.6% of Chile's total population. However, the CuentaRUT is anticipated to face competition from the Chile Account, a new checking account introduced by Banco de Chile in November 2014, aimed at the low-income and unbanked populations. The high mobile penetration in Chile increased the scope of mobile payments (m-payments) and encouraged new entrants into the market. For instance, m-payment solution provider Omlis entered the Chilean market in July 2014. Similarly, in 2013, Chilean telecoms operator Movistar introduced Pago Movil, enabling consumers to pay bills by mobile phone. Another mobile service provider, Lonix, introduced the Cuenta Movil service in partnership with Banco de Chile and Entel PCS in 2012, extending mobile wallet services to Banco de Chile customers. These initiatives are anticipated to further drive m-payments in the country.
 Table of Contents
1 Definitions and Methodology 1.1 Definitions 1.2 Methodology 2 Key Facts and Events 3 Executive Summary 4 Payment Instruments 4.1 Current Payments Environment 4.2 Alternative Payment Instruments 4.2.1 PayPal 4.2.2 DaoPay 4.2.3 Servipag 4.2.4 DineroMail 5 Regulations in the Cards and Payments Industry 5.1 Regulatory Framework 5.2 Anti-Money Laundering (AML) 5.3 Foreign Direct Investment (FDI) Regulations 6 Analysis of Cards and Payments Industry Drivers 6.1 Demographic Drivers 6.2 Economic Drivers 6.3 Infrastructure Drivers 6.4 Business Drivers 7 Market Segmentation 7.1 Market Segmentation and Targeting 7.1.1 Consumer cards 7.1.2 Commercial cards 8 Payment Cards 8.1 Payment Cards Market Analysis 8.1.1 Volume and value of payment card transactions by type 9 Debit Cards 9.1 Debit Card Market Analysis 9.1.1 Debit card transaction volumes and values by channel 9.1.2 Debit card scheme and issuer shares in terms of transaction value 9.1.3 Debit cards comparison 10 Credit Cards 10.1 Credit Card Market Analysis 10.1.1 Credit card transaction volumes and values by channel 10.1.2 Credit card scheme and issuer shares in terms of transaction value 10.1.3 Credit cards comparison 11 Commercial Cards 11.1 Commercial Card Market Analysis 11.1.1 Commercial cards comparison 12 Prepaid Cards 12.1 Prepaid Card Market Analysis 13 Private Label Cards 13.1 Private Label Card Market Analysis 14 Appendix 14.1 Tables 14.2 Contact Timetric 14.3 About Timetric 14.4 Timetric's Services 14.5 Disclaimer
List of Tables
Table 1: Key Definitions Table 2: Annual Average Exchange Rate Table 3: Chile - Key Facts, 2014 Table 4: Regional Benchmarking of Chile's Payment Cards, 2014 Table 5: Chile - Mode of Entry of Foreign Banks Table 6: Cards for High-Income Consumers, 2015 Table 7: Cards for Shoppers, 2015 Table 8: Cards for Students and Young Population, 2015 Table 9: Cards for Travelers, 2015 Table 10: Commercial Cards Comparison and Key Features, 2015 Table 11: Chile - Debit Cards Comparison and Key Features, 2015 Table 12: Chile - Credit Cards Comparison and Key Features, 2015 Table 13: Chile - Commercial Cards Comparison and Key Features, 2015 Table 14: Chile - Retailer Cards, May 2015 Table 15: Chile - Payment Instrument Transaction Values (CLP Trillion), 2010-2014 Table 16: Chile - Payment Instrument Transaction Values (US$ Billion), 2010-2014 Table 17: Chile - Payment Instrument Transaction Volumes (Million), 2010-2014 Table 18: Chile - Number of Payment Cards in Circulation by Type (Million), 2010-2019 Table 19: Chile - Volume of Payment Card Transactions by Type (Million), 2010-2019 Table 20: Chile - Value of Payment Card Transactions by Type (CLP Trillion), 2010-2019 Table 21: Chile - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019 Table 22: Chile - Personal and Commercial Card Transaction Volumes (Million), 2010-2019 Table 23: Chile - Personal and Commercial Card Transaction Values (CLP Billion), 2010-2019 Table 24: Chile - Personal and Commercial Card Transaction Values (US$ Million), 2010-2019 Table 25: Chile - Number of Debit Cards in Circulation (Million), 2010-2019 Table 26: Chile - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019 Table 27: Chile - Debit Card Total and Average Transaction Values by Channel, 2010-2019 Table 28: Chile - Debit Card Total and Average Transaction Values by Channel, 2010-2019 Table 29: Chile - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014 Table 30: Chile - Debit Card Transaction Values by Scheme (CLP Trillion), 2010-2014 Table 31: Chile - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014 Table 32: Chile - Debit Card Transaction Values by Issuer (CLP Billion), 2010-2014 Table 33: Chile - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014 Table 34: Chile - Number of Credit Cards in Circulation (Million), 2010-2019 Table 35: Chile - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019 Table 36: Chile - Credit Card Total and Average Transaction Values by Channel, 2010-2019 Table 37: Chile - Credit Card Total and Average Transaction Values by Channel, 2010-2019 Table 38: Chile - Number of Credit Cards in Circulation by Scheme (Thousand), 2010-2014 Table 39: Chile - Credit Card Transaction Values by Scheme (CLP Billion), 2010-2014 Table 40: Chile - Credit Card Transaction Values by Scheme (US$ Million), 2010-2014 Table 41: Chile - Credit Card Transaction Values by Issuer (CLP Billion), 2010-2014 Table 42: Chile - Credit Card Transaction Values by Issuer (US$ Million), 2010-2014 Table 43: Chile - Number of Commercial Cards in Circulation (Thousand), 2010-2019 Table 44: Chile - Commercial Card Transaction Values (CLP Billion), 2010-2019 Table 45: Chile - Commercial Card Transaction Values (US$ Million), 2010-2019 Table 46: Chile - Number of Prepaid Cards in Circulation (Thousand), 2010-2019 Table 47: Chile - Prepaid Card Transaction Values (CLP Billion), 2010-2019 Table 48: Chile - Prepaid Card Transaction Values (US$ Million), 2010-2019


List of Figures
Figure 1: Chile - Payment Instrument Shares by Transaction Value and Volume (%), 2014 Figure 2: Chile - Total Population and Structure, 2014 Figure 3: Chile - Economic Indicators, 2010-2019 Figure 4: Chile - Number of ATMs, POS Terminals and Commercial Bank Branches, 2010-2019 Figure 5: Chile - Retail Trade and E-Commerce Value, 2010-2014 Figure 6: Chile - Cards and Payments Industry Segmentation by Card Type, 2015 Figure 7: Chile - Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 2010-2019 Figure 8: Chile - Volume and Value of Payment Card Transactions by Type (%), 2010-2019 Figure 9: Chile - Growth in Debit Card Transaction Values and Number of Cards in Circulation, 2010-2019 Figure 10: Chile - Debit Card Transaction Volumes and Values by Channel, 2010-2019 Figure 11: Chile - Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2014 Figure 12: Chile - Growth in Credit Card Transaction Values and Number of Credit Cards in Circulation, 2010-2019 Figure 13: Chile - Credit Card Transaction Volumes and Values by Channel, 2010-2019 Figure 14: Chile - Credit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2014 Figure 15: Chile - Number of Commercial Cards in Circulation and Transaction Value, 2010-2019 Figure 16: Chile - Number of Prepaid Cards in Circulation and Transaction Value, 2010-2019

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