Dallas, Texas (PRWEB) December 07, 2012
Emerging Opportunities in Argentina’s Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
The Argentina cards and payments industry registered marginal growth during the review period (2008–2012). Combined card volume recorded a growth rate of 11.5% in 2012 over figures from 2011. The positive economic outlook, a need for more sophisticated products in terms of prepaid and charge cards, the growth of retail commerce and an increased demand for prepaid products supported the overall growth of the industry. During the review period, the size of the cards and payments industry, in terms of volume, increased at a CAGR of 12.84% to reach 57.6 million cards in 2012. In value terms, Argentina''s cards and payments industry valued ARS217.5 billion (US$52.8 billion) in 2012. Over the forecast period, card payments are expected to deliver strong growth as consumers increasingly move away from cash transactions. The Argentinian government’s continuous implementation of economic policies in 2011 and 2012 enabled strong economic growth. This caused an increase in imports and exports which were up by 31% and 23% respectively in 2011. Foreign investment is heavily encouraged and, currently, around 500 US companies operate in Argentina employing over 155,000 Argentinian workers. Government policies created positive income growth, particularly in vulnerable sectors, leading to the increased adoption of various cards and heightened consumer purchasing power.
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Emerging Opportunities in Japan’s Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
Japan is the third largest national economy in the world and according to the International Monetary Fund (IMF) had the 25th highest per capita GDP in 2011. The Japan cards and payments industry registered marginal growth during the review period (2008–2012), with a combined card volume CAGR of 3.79%. The 2011 earthquake affected economic growth, but a positive economic outlook, a need for contactless payment systems and secured technology, the growth of e-commerce, and increasing per capita incomes have facilitated the overall growth of the cards and payments industry. During the review period, the size of the cards and payments industry in terms of volume increased at a CAGR of 3.79% to reach 975 million cards in 2012, while in value terms, the industry valued JPY56.8 trillion (US$713 billion). During the review period, the Japanese cards and payments industry was mainly driven by strong growth in the prepaid cards category, which registered a review-period CAGR of 15.03% in volume terms, increasing from 113.2 million in 2008 to 198.3 million in 2012. The debit cards category registered the slowest growth during the review period, at a CAGR of 0.36%, from 409 million cards in 2008 to 414.9 million in 2012. Overall, Japanese consumer prefers to use cash rather than cards when making purchases.
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Emerging Opportunities in Hungary’s Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
The card industry in Hungary grew at a CAGR of 0.82% during the review period. The growth was mainly driven by the debit card category which grew at a CAGR of 1.52%. There was a general aversion to credit-fuelled spending as reflected by the declines in the credit and charge card categories. Credit cards declined at a CAGR of -3.70% during the review period, and charge cards at a CAGR of -1.23%. The prepaid card category posted the highest growth during the review period and grew at a CAGR of 9.05%. Prepaid cards will be an emerging growth opportunity in Hungary cards and payments industry. The category accounted for 2% of the industry during the review period and is expected to occupy 2.8% over the forecast period. The category grew by 9.05% during the review period and is expected to grow at a CAGR of 11.46% over the forecast period. The emergence of contactless payments, near field communication (NFC) enabled smartphones, and the encouragement of cashless festivals in Hungary are expected to encourage the use of these cards. Closed-loop prepaid cards, issued by retail outlets, are expected to be the prime drivers of the category over the forecast period, with an expected CAGR of 16.89%.
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