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Published: Sep, 2015 | Pages:
65 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)
Synopsis
Timetric's 'The Cards and Payments Industry in Morocco: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Morocco'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 detailed regulatory policies, recent changes in regulatory structure and profiles of card issuers operating in the country.
Summary
Timetric's 'The Cards and Payments Industry in Morocco: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Morocco's cards and payments industry, including: Current and forecast values for each market in Morocco's cards and payments industry, including debit cards, credit and charge 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 Morocco's cards and payments industry. Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards. Comprehensive analysis of consumer attitudes and buying preferences for cards. The competitive landscape of Morocco's cards and payments industry.
Scope
This report provides a comprehensive analysis of Morocco's cards and payments industry. It provides current values for Morocco's cards and payments industry for 2014, and forecast figures to 2019. It details the different economic, infrastructural and business drivers affecting Morocco'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. It profiles major banks in Morocco's cards and payments industry.
Reasons To Buy
Make strategic business decisions, using top-level historic and forecast market data, related to Morocco's cards and payments industry and each market within it. Understand the key market trends and growth opportunities in Morocco's cards and payments industry. Assess the competitive dynamics in Morocco's cards and payments industry. Gain insights into marketing strategies used for various card types in Morocco. Gain insights into key regulations governing Morocco's cards and payments industry.
Key Highlights
In 2014, check payments and credit transfers were the most popular payment instruments, having a combined industry share of 97.1% in terms of transaction value, while the share of payment cards doubled from 0.5% in 2010 to 1% by the end of 2014. The share of payment cards is rising as the government and banks promote awareness levels and associated benefits among consumers and merchants. The adoption of EMV standards and growth in e-commerce and retail industries also supported the industry's growth. In terms of transaction value, debit cards remained the most popular payment card during the review period. The Moroccan population is dominated by a Muslim population who generally avoid credit cards for religious reasons. Consequently, the debit card market registered growth in terms of volume and transaction value during the review period. In order to spur card sales, banks and card issuers are offering EMV-compliant cards and bespoke products to meet specific customer needs. In June 2014, the Moroccan government approved a new banking law relating to establishing a fully fledged Islamic finance industry after years of false starts. The draft bill will allow both domestic and foreign banking companies to establish Islamic banking branches in Morocco. The new bill, which also contains legislation pertaining to the establishment of a sharia committee formed in coordination with the central bank, will help build a robust regulatory environment for the financial sector.
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 Morocco Telecommerce 4.2.2 PayPal 4.2.3 PayZone 4.2.4 AmanPay 4.2.5 Cashu 4.2.6 Ukash 5 Regulations in the Cards and Payments Industry 5.1 Regulatory Framework 5.1.1 Regulation relating to electronic payments 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 and Targeting 7.1 Market Segmentation and Targeting 7.1.1 Consumer cards 7.1.2 Commercial cards 8 Payment Cards 8.1 Payment Card Analysis 8.1.1 Volume and value of payment card transactions by type 8.1.2 Personal vs commercial cards 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 issuers shares in terms of transaction value 10.1.3 Credit cards comparison 11 Charge Cards 11.1 Charge Card Market Analysis 11.1.1 Charge card transaction volumes and values by channel 11.1.2 Charge card scheme shares in terms of transaction value 11.1.3 Charge cards comparison 12 Commercial Cards 12.1 Commercial Card Market Analysis 12.1.1 Commercial cards comparison 13 Card Issuers 13.1 Banque Centrale Populaire 13.2 Attijariwafa Bank 13.3 Banque Marocaine du Commerce Exterieur 13.4 Credit du Maroc 14 Prepaid Cards 14.1 Prepaid Card Market Analysis 14.1.1 Prepaid cards comparison 15 Appendix 15.1 Tables 15.2 Contact Timetric 15.3 About Timetric 15.4 Timetric's Services 15.5 Disclaimer
List of Tables
Table 1: Key Definitions Table 2: Annual Average Exchange Rate Table 3: Morocco - Key Facts, 2014 Table 4: Regional Benchmarking of Morocco's Payment Cards, 2014 Table 5: Morocco - Mode of Entry of Foreign Banks Table 6: Cards for High-Income Consumers, 2015 Table 7: Cards for Online Shoppers, 2015 Table 8: Cards for Online Shoppers, 2015 Table 9: Cards for Students and Young Population, 2015 Table 10: Cards for Travelers, 2015 Table 11: Commercial Cards Comparison and Key Features, 2015 Table 12: Morocco - Debit Cards Comparison and Key Features, 2015 Table 13: Morocco - Gold Credit Cards Comparison and Key Features, 2015 Table 14: Morocco - Premium Credit Cards Comparison and Key Features, 2015 Table 15: Morocco - Charge Cards Comparison and Key Features, 2015 Table 16: Morocco - Commercial Cards Comparison and Key Features, 2015 Table 17: Morocco - Prepaid Cards Comparison and Key Features, 2015 Table 18: Morocco - Payment Instrument Transaction Values (MAD Billion), 2010-2014 Table 19: Morocco - Payment Instrument Transaction Values (US$ Billion), 2010-2014 Table 20: Morocco - Payment Instrument Transaction Volumes (Million), 2010-2014 Table 21: Morocco - Number of Payment Cards in Circulation by Type (Thousand), 2010-2019 Table 22: Morocco - Volume of Payment Card Transactions by Type (Million), 2010-2019 Table 23: Morocco - Value of Payment Card Transactions by Type (MAD Billion), 2010-2019 Table 24: Morocco - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019 Table 25: Morocco - Personal and Commercial Card Transaction Volumes (Million), 2010-2019 Table 26: Morocco - Personal and Commercial Card Transaction Values (MAD Million), 2010-2019 Table 27: Morocco - Personal and Commercial Card Transaction Values (US$ Million), 2010-2019 Table 28: Morocco - Number of Debit Cards in Circulation (Million), 2010-2019 Table 29: Morocco - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019 Table 30: Morocco - Debit Card Total and Average Transaction Values by Channel, 2010-2019 Table 31: Morocco - Debit Card Total and Average Transaction Values by Channel, 2010-2019 Table 32: Morocco - Number of Debit Cards in Circulation By Scheme (Thousand), 2010-2014 Table 33: Morocco - Debit Card Transaction Values By Scheme (MAD Billion), 2010-2014 Table 34: Morocco - Debit Card Transaction Values By Scheme (US$ Billion), 2010-2014 Table 35: Morocco - Debit Card Transaction Values by Issuer (MAD Billion), 2010-2014 Table 36: Morocco - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014 Table 37: Morocco - Number of Credit Cards in Circulation (Thousand), 2010-2019 Table 38: Morocco - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019 Table 39: Morocco - Credit Card Total and Average Transaction Values by Channel, 2010-2019 Table 40: Morocco - Credit Card Total and Average Transaction Values by Channel, 2010-2019 Table 41: Morocco - Number of Credit Cards in Circulation By Scheme (Thousand), 2010-2014 Table 42: Morocco - Credit Card Transaction Values By Scheme (MAD Million), 2010-2014 Table 43: Morocco - Credit Card Transaction Values By Scheme (US$ Million), 2010-2014 Table 44: Morocco - Pay Later Card Transaction Values By Issuer (MAD Million), 2010-2014 Table 45: Morocco - Pay Later Card Transaction Values By Issuer (US$ Million), 2010-2014 Table 46: Morocco - Credit Card Balances Outstanding by Issuer (MAD Million), 2010-2014 Table 47: Morocco - Credit Card Balances Outstanding by Issuer (US$ Million), 2010-2014 Table 48: Morocco - Number of Charge Cards in Circulation (Thousand), 2009-2018 Table 49: Morocco - Charge Card Transaction Volumes and Frequency by Channel, 2009-2018 Table 50: Morocco - Charge Card Total and Average Transaction Values by Channel, 2009-2018 Table 51: Morocco - Charge Card Total and Average Transaction Values by Channel, 2009-2018 Table 52: Morocco - Number of Charge Cards in Circulation By Scheme (Thousand), 2010-2014 Table 53: Morocco - Charge Card Transaction Values By Scheme (MAD Million), 2010-2014 Table 54: Morocco - Charge Card Transaction Values By Scheme (US$ Million), 2009-2013 Table 55: Morocco - Number of Commercial Cards in Circulation (Thousand), 2010-2019 Table 56: Morocco - Commercial Card Transaction Values (MAD Million), 2010-2019 Table 57: Morocco - Commercial Card Transaction Values (US$ Million), 2010-2019 Table 58: Morocco - Number of Prepaid Cards in Circulation (Thousand), 2010-2019 Table 59: Morocco - Prepaid Card Transaction Values (MAD Million), 2010-2019 Table 60: Morocco - Prepaid Card Transaction Values (US$ Million), 2010-2019
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