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The Cards and Payments Industry in Iran: Emerging Trends and Opportunities to 2020

Published: Jun 16, 2016 | Pages: 165 | Publisher: Timetric | Industry: Financial Services | Report Format: Electronic (PDF)



Synopsis
Timetric's 'The Cards and Payments Industry in Iran: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments and payment cards during the review period (2011-2015). 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 (2016-2020). It also offers information on the country's competitive landscape, including the 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 details of regulatory policy and recent changes in the regulatory structure.

Summary
Timetric's 'The Cards and Payments Industry in Iran: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Iranian cards and payments industry, including: • Current and forecast values for each market in the Iranian cards and payments industry, including debit and credit cards. • Detailed insights into payment instruments including checks and payment cards. It also, includes an overview of the country's key alternative payment instruments. • Analysis of various market drivers and regulations governing the Iranian 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 in the Iranian cards and payments industry.

Scope
• This report provides a comprehensive analysis of the Iranian cards and payments industry. • It provides current values for the Iranian cards and payments industry for 2015, and forecast figures to 2020. • It details the different demographic, economic, infrastructural and business drivers affecting the Iranian 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 the Iranian cards and payments industry and each market within it. • Understand the key market trends and growth opportunities in the Iranian cards and payments industry. • Assess the competitive dynamics in the Iranian cards and payments industry. • Gain insights into marketing strategies used for various card types in Iran. • Gain insights into key regulations governing the Iranian cards and payments industry.

Key Highlights
• Iranian banks were disconnected from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system in March 2012, due to international sanctions placed on Iran by the US as a result of its nuclear program. Banks in Iran were reconnected to the SWIFT system in February 2016, as the sanctions were lifted. This allows banks in Iran to resume cross-border transactions with foreign counterparts. This is anticipated to support the growth in the country's cards and payments industry. • The lifting of sanctions is expected to encourage more foreign banks to expand operations in Iran. South Korea's Woori Bank opened a representative office in May 2016. In April 2016, the governors of the Central Bank of Iran and the National Bank of Kazakhstan signed a memorandum of understanding (MoU) on the expansion of banking ties between Iran and Kazakhstan. Furthermore, Belgium's KBC Bank and Germany's DZ Bank have started to handle European clients doing business in Iran. • International scheme providers such as MasterCard, JCB and China UnionPay (CUP) are gradually making inroads into Iran. In December 2015, MasterCard announced plans to enter Iran market once sanctions were lifted. It launched a channel on instant messaging app Telegram, through which it sends posts in Persian to attract Iranian consumers. In February 2016, the Central Bank of Iran announced that JCB credit cards would be issued in the country from the second half of 2016. The increasing presence of international issuers and schemes is expected to bring more investment and competition into the Iranian payment cards market.
 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 Payment Environment 5 Alternative Payments 5.1 Alternative Payment Instruments 5.1.1 Zrynpal 5.1.2 Jiring 6 Regulations in the Cards and Payments Industry 6.1 Regulatory Framework 6.2 Anti-Money Laundering (AML) 6.3 Foreign Direct Investment (FDI) Regulations 7 Analysis of Cards and Payments Industry Drivers 7.1 Demographic Drivers 7.2 Economic Drivers 7.3 Infrastructure Drivers 7.4 Business Drivers 8 Market Segmentation 8.1 Market Segmentation and Targeting 8.1.1 Consumer cards 8.1.2 Commercial cards 9 Payment Cards 9.1 Payment Cards Market Analysis 9.1.1 Volume and value of payment card transactions by type 10 Debit Cards 10.1 Debit Card Market Analysis 10.1.1 Turnover per debit card and transaction values by channel 10.1.2 Debit card scheme and issuer shares in terms of transaction value 10.1.3 Debit cards comparison 11 Pay Later Cards 11.1 Pay Later Card Market Analysis 11.1.1 Turnover per pay later card and transaction values by channel 11.1.2 Pay later card scheme and issuer shares in terms of transaction value 11.1.3 Pay later cards comparison 12 Commercial Pay Later Cards 12.1 Commercial Pay Later Cards Market Analysis 12.1.1 Commercial credit cards comparison 13 Prepaid Cards 13.1 Prepaid Card Market Analysis 13.1.1 Prepaid cards comparison 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: Iran - Key Facts, 2015 Table 4: Regional Benchmarking of Iranian Payment Cards, 2015 Table 5: Iran - Mode of Entry of Foreign Banks Table 6: Cards for Students and Young Population, 2016 Table 7: Commercial Cards Comparison and Key Features, 2016 Table 8: Iran - Debit Cards Comparison and Key Features, 2016 Table 9: Iran - Gold Credit Cards Comparison and Key Features, 2016 Table 10: Iran - Commercial Credit Cards Comparison and Key Features, 2016 Table 11: Iran - Prepaid Cards Comparison and Key Features, 2016 Table 12: Iran - Payment Instrument Transaction Values (IRR Billion), 2011-2015 Table 13: Iran - Payment Instrument Transaction Values (US$ Billion), 2011-2015 Table 14: Iran - Payment Instrument Transaction Volumes (Million), 2011-2015 Table 15: Iran - Number of Payment Cards in Circulation by Type (Million), 2011-2020 Table 16: Iran - Volume of Payment Card Transactions by Type (Million), 2011-2020 Table 17: Iran - Value of Payment Card Transactions by Type (IRR Trillion), 2011-2020 Table 18: Iran - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020 Table 19: Iran - Number of Debit Cards in Circulation (Million), 2011-2020 Table 20: Iran - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020 Table 21: Iran - Debit Card Total and Average Transaction Values by Channel, 2011-2020 Table 22: Iran - Debit Card Total and Average Transaction Values by Channel, 2011-2020 Table 23: Iran - Number of Debit Cards in Circulation by Scheme (Million), 2011-2015 Table 24: Iran - Debit Card Transaction Values by Scheme (IIR Quadrillion), 2011-2015 Table 25: Iran - Debit Card Transaction Values by Scheme (US$ Billion), 2011-2015 Table 26: Iran - Debit Card Transaction Values by Issuer (IRR Trillion), 2011-2015 Table 27: Iran - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015 Table 28: Iran - Number of Pay Later Cards in Circulation (Million), 2011-2020 Table 29: Iran - Pay Later Card Transaction Volumes and Frequency by Channel, 2011-2020 Table 30: Iran - Pay Later Card Total and Average Transaction Values by Channel, 2011-2020 Table 31: Iran - Pay Later Card Total and Average Transaction Values by Channel, 2011-2020 Table 32: Iran - Number of Pay Later Cards in Circulation by Scheme (Million), 2011-2015 Table 33: Iran - Pay Later Card Transaction Values by Scheme (IRR Trillion), 2011-2015 Table 34: Iran - Pay Later Card Transaction Values by Scheme (US$ Billion), 2011-2015 Table 35: Iran - Pay Later Card Transaction Values by Issuer (IRR Billion), 2011-2015 Table 36: Iran - Pay Later Card Transaction Values by Issuer (US$ Million), 2011-2015 Table 37: Iran - Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011-2020 Table 38: Iran - Personal and Commercial Pay Later Card Transaction Values (IRR Trillion), 2011-2020 Table 39: Iran - Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020 Table 40: Iran - Number of Commercial Pay Later Cards in Circulation (Thousand), 2011-2020 Table 41: Iran - Commercial Pay Later Card Transaction Volumes (Million), 2011-2020 Table 42: Iran - Commercial Pay Later Card Transaction Values (IRR Trillion), 2011-2020 Table 43: Iran - Commercial Pay Later Card Transaction Values (US$ Million), 2011-2020 Table 44: Iran - Number of Prepaid Cards in Circulation (Million), 2011-2020


List of Figures
Figure 1: Iran - Payment Instrument Shares by Transaction Value (%), 2011 vs 2015 Figure 2: Iran - Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015 Figure 3: Iran - Total Population and Structure Figure 4: Iran - Economic Indicators Figure 5: Iran - Number of ATMs and POS Terminals Figure 6: Iran - Real Household Consumption and Outbound Tourism Expenditure Figure 7: Iran - Segmentation by Card Type Figure 8: Iran - Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 2011-2020 Figure 9: Iran - Volume and Value of Payment Card Transactions by Type (%), 2011-2020 Figure 10: Iran - Debit Card Penetration and Number of Debit Cards in Circulation, 2011-2020 Figure 11: Iran - Turnover Per Debit Card and Transaction Values by Channel, 2011-2020 Figure 12: Iran - Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015 Figure 13: Iran - Pay Later Card Penetration and Number of Pay Later Cards in Circulation, 2011-2020 Figure 14: Iran - Turnover Per Pay Later Card and Transaction Values by Channel, 2011-2020 Figure 15: Iran - Pay Later Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015 Figure 16: Iran - Commercial vs Personal Pay Later Cards, Transaction Volumes and Values (%), 2011-2020 Figure 17: Iran - Number of Commercial Pay Later Cards in Circulation, Transaction Value and Volume, 2011-2020 Figure 18: Iran - Number of Prepaid Cards in Circulation, 2011-2020

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