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Market Analysis on Cards and Payments Industry in South Africa

The Cards and Payments Industry in South Africa: Emerging Trends and Opportunities to 2019 ​is a new market research publication announced by Reportstack. This report provides top-level market analysis, information and insights into South Africa's cards and payments industry, including:

  • Current and forecast values for each market in South Africa's cards and payments industry, including debit card, credit and charge cards. It also includes detailed analysis of the prepaid card market.
  • Detailed insights into payment instruments including credit transfers, cash transactions, checks, direct debits and payment cards. It also, includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis and online payment types.
  • Analysis of various market drivers and regulations governing South Africa'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 South Africa's cards and payments industry.
  • Scope
    • This report provides a comprehensive analysis of South Africa's cards and payments industry.

  • It provides current values for South Africa's cards and payments industry for 2014, and forecast figures to 2019.
  • It details the different demographic, economic, infrastructural and business drivers affecting South Africa'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 South Africa's cards and payments industry.

  • To access full report with TOC, please visit ​The Cards and Payments Industry in South Africa: Emerging Trends and Opportunities to 2019.

    Reasons to Buy
    • Make strategic business decisions, using top-level historic and forecast market data, related to South Africa's cards and payments industry and each market within it.

  • Understand the key market trends and growth opportunities in South Africa's cards and payments industry.
  • Assess the competitive dynamics in South Africa's cards and payments industry.
  • Gain insights into marketing strategies used for various card types in South Africa.
  • Gain insights into key regulations governing South Africa's cards and payments industry.
  • Key Highlights
    • To increase the uptake of mobile POS (mPOS) among small and medium sized merchants, solution providers in South Africa are offering terminals at lower costs, one of the latest being the introduction of the Edge mPOS solution in July 2014 by South Africa-based technology provider Emerge Mobile. It costs US$92.1 (ZAR1,000), and comes with a free mobile app compatible with iOS and Android phones. Previously, Absa Bank launched its Payment Pebble mPOS solution in 2013, exclusively for SMEs. Similarly, Nedbank launched the PocketPOS in the same year. The introduction of low-cost terminals is anticipated to encourage merchants to accept card-based payments, driving payment card transaction volumes and values.

  • To support government’s financial inclusion plan to bring the unbanked population under the purview of formal banking, all major banks in South Africa including Absa Bank, Standard Bank, First National Bank (FNB) and Nedbank offer basic bank accounts with minimal banking charges. In addition to these leading banks, telecoms service provider MTN launched a mobile-only bank, Tyme, in November 2012, with no monthly fees or minimum balance requirements. Anyone aged above 16 years with a valid South African ID document can open an account. Tyme was acquired by Commonwealth Bank of Australia in February 2015.

  • Companies Mentioned

    Absa Bank Standard Bank First National Bank Nedbank American Express Visa MasterCard Diners Club

    Contact:

    Debora White

    Manager - Marketing

    debora@reportstack.com

    Ph: +1-888-789-6604

    Reportstack Market Research

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