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Emerging Opportunities in Chiles Cards and Payments Industry Research Report By MRRBIZ

New Market Research Report Added In MarketResearchReports.Biz Reports Database Emerging Opportunities in Chiles Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Jan. 10, 2013 - Albany,New York,USA,Jan 4

The report provides market analysis, information and insights into Chiles cards and payments industry, including:

Current and forecast values for each category of Chiles cards and payments industry including debit cards, credit cards, prepaid cards and charge cards
Comprehensive analysis of the industrys market attractiveness and future growth areas
Analysis of various market drivers and regulations governing Chiles cards and payments industry

Summary

Chiles cards and payments industry as a whole grew at a CAGR of 15.22% during the review period (20082012). Cuenta Rut accounts are expected to contribute to positive growth in the debit card category. Cuenta Rut, a scheme that provides bank accounts to all Chileans above the age of 15, issued by BancoEstado, is offered to all Chileans above the age of 15, and in 2011 there were 4.2 million Cuenta Rut account holders at BancoEstado, 24.42% of the total Chilean population. The number of Cuenta Rut account holders increased at a CAGR of 35.77% between 2007 and 2011.

The largest non-bank credit card issuer was Total Promotora CMR Falabella SA which occupied 40% of the credit card category.
The second-largest issuer was Total Car SA, with 18.74%, followed by Total Cencosud Administradora de Tarjetas SA with 18.55%. The prepaid card category was also dominated by closed-loop prepaid cards issued by non-bank card issuers.

The branchless banking model adopted by Chilean banks is expected to increase the volume of bank-issued cards in the forecast period. For example, BancoEstado offers banking services through Cajas Vecinas, nearly 65% of the operations of which take place after normal banking hours.

Conventional banks in Chile operate for only five hours per day, between 9am to 2pm Monday to Friday. Caja Vecinas offers all normal banking products, and enables people living in remote regions to conduct transactions through POS terminals installed in retail stores.

Scope

This report provides a comprehensive analysis of Chiles cards and payments industry
It provides current values for Chiles cards and payments industry for 2012 and forecast figures for 2017
It details the different macroeconomic, infrastructural, consumer and business drivers affecting Chiles 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

Reasons To Buy

Make strategic business decisions using historic and forecast market data related to Chiles cards and payments industry and each market within it
Understand the key market trends and growth opportunities within Chiles cards and payments industry
Assess the competitive dynamics in Chiles cards and payments industry
Gain insights into the marketing strategies used for selling various categories of cards in Chile

Key Highlights

The Chilean cards and payments industry as a whole grew at a CAGR of 15.36% during the review period. The total number of cards increased from 16.5 million in 2008 to 29.1 million in 2012. The cards and payments industry is expected to grow at a CAGR of 6.87% over the forecast period.

Prepaid cards will be the most attractive card category in the forecast period. The prepaid card category constituted 28.6% of the overall cards and payments industry in 2012, and grew at a CAGR of 20.11% during the review period. The closed-loop cards segment is expected to record the largest growth, with the supply expected to come from large-scale retail outlets such as Falabella, Ripley and Farmacias Ahumada.

Bank-issued credit cards constitute only a nominal share of the total credit cards issued in the economy. The largest non-bank credit card issuer was Total Promotora CMR Falabella SA which occupied 40% of the credit card category. The second-largest issuer was Total Car SA, with 18.74%, followed by Total Cencosud Administradora de Tarjetas SA with 18.55%. The prepaid card category was also dominated by closed-loop prepaid cards issued by non-bank card issuers.

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Tags:banking, Cards Payment, prepaid cards, charge cards
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