New Report: Emerging Opportunities in the Kuwait's Cards and Payments Industry

Kuwait's cards industry as a whole grew moderately at a CAGR of 3.59% during the review period, primarily driven by the prepaid card category. Slow growth was mainly a result of the global economic crisis, which caused a decline in demand for oil and non-oil based exports and resulted in decreased rates of lending. During the review period (2008-2012), prepaid cards occupied the largest share in the overall cards and payments industry, and in volume terms recorded a CAGR of 37.83%. Charge cards grew at a CAGR of 4.02% over the same period, followed by debit cards with a CAGR of 2.58%. The overall card industry is expected to grow at a CAGR of 4.44% over the forecast period (2013-2017), driven primarily by the prepaid cards category, which is expected to grow at a CAGR of 19.94%. The credit cards category is also expected to grow at a CAGR of 3.2% during the forecast period, while debit cards are expected to record a CAGR of 2.76%, and charge cards a CAGR of 3.59%.

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Full Report Details at
- http://www.fastmr.com/prod/584449_emerging_opportunities_in_the_kuwaits_cards_and.aspx?afid=301
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Key Highlights

* Kuwait's cards industry as a whole grew moderately at a CAGR of 3.59% during the review period, primarily driven by the prepaid card category.
* In terms of value, the industry is expected to grow at a CAGR of 10.91% over the forecast period, from KWD17.2 billion (US$61.4 billion) in 2013 to KWD26.0 billion (US$93.0 billion) in 2017.
* Prepaid cards held the largest market share in the overall cards and payments industry during the review period.
* Near Field Communication (NFC) technology is increasingly being adopted by payment network providers, service providers, merchants and mobile network operators in Kuwait.
* The growing market for online trade in Kuwait is one of the primary factors responsible for the expansion of the country's cards and payments industry.
* The growing number of domestic and international tourists has created a demand for travel cards in the country, and many leading banks and card providers have issued travel cards targeting these consumers.

Scope

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

Reasons to Purchase

* Make strategic business decisions using historic and forecast market data related to Kuwait's cards and payments industry and each industry within it
* Understand the key market trends and growth opportunities within Kuwait's cards and payments industry

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