Dallas, TX (PRWEB) November 29, 2012
The report provides market analysis, information and insights into Mexico’s & Indonesian cards and payments market, including:
Current and forecast values for each segment of Mexico’s & Indonesian cards and payment market including debit cards, credit cards, prepaid cards and charge cards
Comprehensive analysis of the Mexico industry market attractiveness and future growth areas
Analysis of various market drivers and regulations governing Mexico’s & Indonesian cards and payment market
Detailed analysis of the marketing strategies adopted for selling prepaid cards used by various bankers and other institutions in the market
Comprehensive analysis of consumer attitudes and their buying preferences for cards
Competitive landscape of Mexico’s & Indonesian cards and payments market
Summary for Mexico’s Cards and Payments Industry Report
The debit cards category was the prime driver of growth during the review period recording a CAGR of 13.58% between 2008 and 2012. The highest transaction value during the review period was also reported in the debit cards category, with MXN2.6 trillion (US$213.2 billion) in 2012. In the credit card category, the overall transaction value in 2012 was only MXN471.1 billion (US$38.0 billion). Domestic service provider Carnet is expected to transform the cards market in Mexico during the forecast period. Carnet is issued by Prosa, the company formed by top Mexican banks: HSBC Mexico, Grupo Financiero Banorte SAB, Banco Invex, Grupo Financiero Santander SAB, Grupo Scotiabank and Banjercito. These banks are expected to promote Carnet cards as an alternative to foreign scheme providers such as Visa and Prepaid, which are more costly in terms of processing. The expansion of Prosa’s ATM network is expected to facilitate their wider use and issuance within Mexico.
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This report provides a comprehensive analysis of Mexico’s & Indonesian cards and payments market
It provides current values for Mexico’s & Indonesian cards and payments market for 2011 and forecast figures for 2016
It details the different macroeconomic, infrastructural, consumer and business drivers affecting Mexico’s & Indonesian cards and payments industry
It outlines the current regulatory framework in the industry
It details the marketing strategies used by various bankers and other institutions
It profiles the major banks in Mexico’s & Indonesian cards and payments market
Reasons To Buy
Make strategic business decisions using historic and forecast market data related to Mexico’s & Indonesian cards and payments market and each market within it
Understand the key market trends and growth opportunities within Mexico’s & Indonesian cards and payments market
Assess the competitive dynamics in Mexico’s & Indonesian cards and payments market
Gain insights into the marketing strategies used for selling various types of cards in Mexico
Gain insights into key regulations governing Mexico’s & Indonesian cards and payment market
Key Highlights for Indonesia’s Cards and Payments Industry
Banks and card issuers in Indonesia have introduced several new technologies to increase levels of consumer convenience. For example, with the introduction of contactless technology, customers can make payments for small value purchases in seconds.
Indonesian mobile operators are also making efforts to establish the required infrastructure for near field communication (NFC) technology through which customers can make purchases via their mobile phones. Banks are migrating to Europay, MasterCard and Visa (EMV) cards in order to provide enhanced security features to customers.
Indonesian banks have been expanding their payment infrastructure during the review period. Banks have been expanding their networks of automatic teller machines (ATMs) in order to develop their business. The number of ATMs installed in Indonesia increased significantly during the review period, rising from 21,000 units in 2008 to 28,800 units in 2012 and recording a CAGR of 8.23%.
Indonesia’s central bank, Bank Indonesia, has introduced new regulations for the credit card category, according to which it has placed a cap on the interest rates charged by banks on credit cards. Bank Indonesia has also set the minimum monthly income at IDR3 million and the maximum credit limit available at three times this rate.
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Major Points from Table of Contents
2 Market Attractiveness and Future Prospects of Cards and Payments Industry
3 Analysis of Mexico and Indonesia Cards and Payments Market Drivers
3.3.1 Increasing government social spending
3.4.1 Growth of the urban and rural populations
3.6.1 Regulation with respect to discount rates
3.6.2 Regulations related to interbank fees
3.6.3 Regulation regarding interchange fees at POS transactions
3.6.4 Regulation with respect to issuance of credit cards
3.6.6 General eligibility requirements for applying and using a credit card
3.6.7 Law on the Transparency and Order of Financial Services
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