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Published: May, 2015 | Pages:
77 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)
Synopsis
Timetric's 'The Cards and Payments Industry in Singapore: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Singapore's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, check payments, direct debits, payment cards and cash transactions 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, card fraud statistics, and profiles of card issuers operating in the country.
Summary
Timetric's 'The Cards and Payments Industry in Singapore: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Singapore's cards and payments industry, including: Current and forecast values for each market in Singapore's cards and payments industry, including debit cards, credit cards and charge cards. It also includes detailed analysis of the prepaid cards market. Detailed insights into payment instruments including credit transfers, check payments, direct debits, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment Analysis of various market drivers and regulations governing Singapore'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 Singapore's cards and payments industry.
Scope
This report provides a comprehensive analysis of Singapore's cards and payments industry. It provides current values for Singapore's cards and payments industry for 2014, and forecast figures to 2019. It details the different economic, infrastructural and business drivers affecting Singapore'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 Singapore's cards and payments industry.
Reasons To Buy
Make strategic business decisions, using top-level historic and forecast market data, related to Singapore's cards and payments industry and each market within it. Understand the key market trends and growth opportunities in Singapore's cards and payments industry. Assess the competitive dynamics in Singapore's cards and payments industry. Gain insights into marketing strategies used for various card types in Singapore. Gain insights into key regulations governing Singapore's cards and payments industry.
Key Highlights
Singapore's payment cards market is one of the most highly competitive and attractive markets in Asia-Pacific. Singapore's payment cards market is mature and over served, with credit and debit card penetration rates of 1.7 and 2.0 respectively per inhabitant in 2014. In terms of transaction value and volume, Singapore's payment cards accounted for 0.6% and 1% shares respectively in the Asia-Pacific region in 2014. The 'Intelligent Nation 2015' (iN2015) master plan, drawn up by the Singapore government, is expected to support to the growth of the cards and payments industry over the forecast period. The program aims to promote electronic payments through increased adoption of near-field communication (NFC) mobile payments with the establishment of an interoperable infrastructure for NFC services. In line with an industry-wide initiative led by the Association of Banks in Singapore (ABS), from October 1, 2013 all banks in Singapore implemented additional security measures for international banking transactions by deactivating the magnetic stripe on all credit and debit cards. Consequently, card fraud decreased in 2014, a trend that is anticipated to continue over the forecast period (2015-2019).
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 Mobile payments 4.2.2 PayPal 4.2.3 MasterPass 4.2.4 PayDollar 4.2.5 Fastcash 4.2.6 MOLPoints 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 and New Product Launches 7.1 Market Segmentation and Targeting 7.1.1 Consumer cards 7.1.2 Commercial cards 7.2 New Product Launches 8 Payment Cards 8.1 Payment Cards 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 Cards Market Analysis 9.1.1 Debit cards transaction volume and value by channel 9.1.2 Debit cards scheme shares in terms of number of cards in circulation and transaction value 9.1.3 Debit card issuers' market shares 9.1.4 Debit cards comparison 10 Credit Cards 10.1 Credit Cards Market Analysis 10.1.1 Credit card transaction volume and value by channel 10.1.2 Credit card scheme shares in terms of number of cards in circulation and transaction value 10.1.3 Credit card issuers' market shares 10.1.4 Credit cards comparison 11 Charge Cards 11.1 Charge Cards Market Analysis 11.1.1 Charge card transaction volume and value by channel 11.1.2 Charge card scheme shares in terms of number of cards in circulation and transaction value 11.1.3 Charge cards comparison 12 Commercial Cards 12.1 Commercial Cards Market Analysis 12.1.1 Commercial cards comparison 13 Card Fraud Statistics 13.1 Card Fraud Analysis 14 Card Issuers 14.1 DBS Bank 14.2 United Overseas Bank 14.3 The Oversea-Chinese Banking Corporation Ltd 14.4 Citibank Singapore 14.5 Standard Chartered Bank 15 Prepaid Cards 15.1 Prepaid Cards Market Analysis 15.1.1 Prepaid cards comparison 16 Merchant Acquiring 16.1 Merchant Acquiring Market Analysis 17 Appendix 17.1 Tables 17.2 Contact Timetric 17.3 About Timetric 17.4 Timetric's Services 17.5 Disclaimer
List of Tables
Table 1: Key Definitions Table 2: Annual Average Exchange Rate Table 3: Singapore - Key Facts, 2014 Table 4: Regional Benchmarking of Singapore's Payment Cards, 2014 Table 5: Singapore - Mode of Entry of Foreign Banks Table 6: Cards for High-Income Consumers, 2015 Table 7: Cards for Travelers, 2015 Table 8: Cards for Female Population, 2015 Table 9: Cards for Shoppers, 2015 Table 10: Cards for Students and Youth Population, 2015 Table 11: Commercial Cards Comparison and Key Features, 2015 Table 12: Singapore - New Product Launches Table 13: Singapore - Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014 Table 14: Singapore - Pay Now, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019 Table 15: Singapore - Debit Cards Comparison and Key Features, 2015 Table 16: Singapore - Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014 Table 17:Singapore - Pay Later, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019 Table 18: Singapore - Gold Credit Cards Comparison and Key Features, 2015 Table 19: Singapore - Premium Credit Cards Comparison and Key Features, 2015 Table 20: Singapore - Charge Cards Comparison and Key Features, 2015 Table 21: Singapore - Commercial Cards Comparison and Key Features, 2015 Table 22: Singapore - Prepaid Cards Comparison and Key Features, 2015 Table 23: Singapore - Payment Instrument Transaction Values (SGD Billion), 2010-2014 Table 24: Singapore - Payment Instrument Transaction Values (US$ Billion), 2010-2014 Table 25: Singapore - Payment Instrument Transaction Volumes (Million), 2010-2014 Table 26: Singapore - Number of Payment Cards in Circulation by Type (Million), 2010-2019 Table 27: Singapore - Volume of Payment Card Transactions by Type (Million), 2010-2019 Table 28: Singapore - Value of Payment Card Transactions by Type (SGD Billion), 2010-2019 Table 29: Singapore - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019 Table 30: Singapore - Personal and Commercial Card Transaction Volumes (Million), 2010-2019 Table 31: Singapore - Personal and Commercial Card Transaction Values (SGD Billion), 2010-2019 Table 32: Singapore - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019 Table 33: Singapore - Number of Debit Cards in Circulation (Million), 2010-2019 Table 34: Singapore - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019 Table 35: Singapore - Debit Card Total and Average Transaction Values by Channel, 2010-2019 Table 36: Singapore - Debit Card Total and Average Transaction Values by Channel, 2010-2019 Table 37: Singapore - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014 Table 38: Singapore - Debit Card Transaction Values by Scheme (SGD Billion), 2010-2014 Table 39: Singapore - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014 Table 40: Singapore - Debit Card Transaction Values by Issuer (SGD Billion), 2010-2014 Table 41: Singapore - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014 Table 42: Singapore - Number of Credit Cards in Circulation (Million), 2010-2019 Table 43: Singapore - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019 Table 44: Singapore - Credit Card Total and Average Transaction Values by Channel, 2010-2019 Table 45: Singapore - Credit Card Total and Average Transaction Values by Channel, 2010-2019 Table 46: Singapore - Number of Credit Cards in Circulation by Scheme (Million),2010-2014 Table 47: Singapore - Credit Card Transaction Values by Scheme (SGD Billion),2010-2014 Table 48: Singapore - Credit Card Transaction Values by Scheme (US$ Billion), 2010-2014 Table 49: Singapore - Credit Card Transaction Values by Issuer (SGD Billion), 2010-2014 Table 50: Singapore - Credit Card Transaction Values by Issuer (US$ Billion), 2010-2014 Table 51: Singapore - Credit Card Balances Outstanding by Issuer (SGD Million), 2010-2014 Table 52: Singapore - Credit Card Balances Outstanding by Issuer (US$ Million), 2010-2014 Table 53: Singapore - Number of Charge Cards in Circulation (Thousand), 2010-2019 Table 54: Singapore - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019 Table 55: Singapore - Charge Card Total and Average Transaction Values by Channel, 2010-2019 Table 56: Singapore - Charge Card Total and Average Transaction Values by Channel, 2010-2019 Table 57: Singapore - Number of Charge Cards in Circulation by Scheme (Thousand), 2010-2014 Table 58: Singapore - Charge Card Transaction Values by Scheme (SGD Million), 2010-2014 Table 59: Singapore - Charge Card Transaction Values by Scheme (US$ Billion), 2010-2014 Table 60: Singapore - Number of Commercial Cards in Circulation (Thousand), 2010-2019 Table 61: Singapore - Commercial Card Transaction Values (SGD Billion), 2010-2019 Table 62: Singapore - Commercial Card Transaction Values (US$ Billion), 2010-2019 Table 63: Singapore - Card Fraud (SGD Million), 2010-2014 Table 64: Singapore - Card Fraud (US$ Million), 2010-2014 Table 65: Singapore - Number of Prepaid Cards in Circulation (Million), 2010-2019 Table 66: Singapore - Prepaid Card Transaction Values (SGD Billion), 2010-2019 Table 67: Singapore - Prepaid Card Transaction Values (US$ Billion), 2010-2019 Table 68: Singapore - Merchant Acquiring Total Transaction Volumes (Million), 2010-2019 Table 69: Singapore - Merchant Acquiring Total Transaction Values (SGD Billion), 2010-2019 Table 70: Singapore - Merchant Acquiring Total Transaction Values (US$ Billion), 2010-2019 Table 71: Singapore - Acquirers' Transaction Value (SGD Billion), 2010-2014 Table 72: Singapore - Acquirers' Transaction Value (US$ Billion), 2010-2014 Table 73: Singapore - Retail Outlets and Total Merchant Accounts (Thousand), 2010-2019
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