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Financial Cards and Payments in South Africa

Publisher Euromonitor International
Published Nov 30, 2022
Length 61 Pages
SKU # EP17549806

Description

Financial Cards and Payments in South Africa

The number of financial cards in circulation is growing in 2022, as the South African economy fully reopens following the removal of all lockdown restrictions in June. Credit card spending is posting buoyant growth, supported by strong consumer demand in the face of rising inflation, driven by the war in Ukraine. In fact, many consumers are turning to credit simply to make ends meet. Furthermore, while debit card transactions are being driven by improving labour market conditions and economic re...

Euromonitor International's Financial Cards and Payments in South Africa report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Financial Cards and Payments market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

61 Pages
Financial Cards and Payments in South Africa
Euromonitor International
November 2022
List Of Contents And Tables
FINANCIAL CARDS AND PAYMENTS IN SOUTH AFRICA
EXECUTIVE SUMMARY
Financial cards and payments in 2022: The big picture
Demand for contactless payment solutions continues to rise, accelerated by pandemic
Rapid Payments Programme expected to launch in 2023
Competition intensifies, as digital banks continue to expand customer base, while strategic partnerships remain key
Financial cards and payments set to be driven by digitalisation and the decline of cash transactions, while load shedding is set to constrain retail sales
MARKET INDICATORS
Table 1 Number of POS Terminals: Units 2017-2022
Table 2 Number of ATMs: Units 2017-2022
Table 3 Value Lost to Fraud 2017-2022
Table 4 Card Expenditure by Location 2022
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2017-2022
Table 6 Domestic versus Foreign Spend 2022
MARKET DATA
Table 7 Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 8 Financial Cards by Category: Number of Accounts 2017-2022
Table 9 Financial Cards Transactions by Category: Value 2017-2022
Table 10 Financial Cards by Category: Number of Transactions 2017-2022
Table 11 Consumer Payments by Category: Value 2017-2022
Table 12 Consumer Payments by Category: Number of Transactions 2017-2022
Table 13 M-Commerce by Category: Value 2017-2022
Table 14 M-Commerce by Category: % Value Growth 2017-2022
Table 15 Financial Cards: Number of Cards by Issuer 2017-2021
Table 16 Financial Cards: Number of Cards by Operator 2017-2021
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2017-2021
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2017-2021
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2022-2027
Table 20 Forecast Financial Cards by Category: Number of Accounts 2022-2027
Table 21 Forecast Financial Cards Transactions by Category: Value 2022-2027
Table 22 Forecast Financial Cards by Category: Number of Transactions 2022-2027
Table 23 Forecast Consumer Payments by Category: Value 2022-2027
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2022-2027
Table 25 Forecast M-Commerce by Category: Value 2022-2027
Table 26 Forecast M-Commerce by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources
DEBIT CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Improving performance for debit cards in line with economic recovery and influx of new entrants
Consumers continue to adopt alternative forms of payment, boosted by pandemic
Capitec gains share, as it focuses strategy on digitalisation
PROSPECTS AND OPPORTUNITIES
Debit cards set to be boosted by improving economic conditions
Digital banks, modern technology and innovative strategies expected to continue to disrupt banking landscape
Competition to intensify among debit card operators, as SARB proposes a domestic card scheme
CATEGORY DATA
Table 27 Debit Cards: Number of Cards in Circulation 2017-2022
Table 28 Debit Cards Transactions 2017-2022
Table 29 Debit Cards in Circulation: % Growth 2017-2022
Table 30 Debit Cards Transactions: % Growth 2017-2022
Table 31 Debit Cards: Number of Cards by Issuer 2017-2021
Table 32 Debit Cards: Number of Cards by Operator 2017-2021
Table 33 Debit Cards Payment Transaction Value by Issuer 2017-2021
Table 34 Debit Cards Payment Transaction Value by Operator 2017-2021
Table 35 Forecast Debit Cards: Number of Cards in Circulation 2022-2027
Table 36 Forecast Debit Cards Transactions 2022-2027
Table 37 Forecast Debit Cards in Circulation: % Growth 2022-2027
Table 38 Forecast Debit Cards Transactions: % Growth 2022-2027
CREDIT CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Households turn to credit cards for daily expenditure, driven by inflation and weak economic growth
Competition mounts in the credit card space, as TymeBank launches credit card in response to consumer demand
Criminal syndicates target online credit card transactions
PROSPECTS AND OPPORTUNITIES
Economic growth and improved purchasing power set to stimulate credit cards
Commercial credit cards expected to face increasing competition
Virtual credit cards to maintain growth trajectory, fuelled by online shopping and digital wallets
CATEGORY DATA
Table 39 Credit Cards: Number of Cards in Circulation 2017-2022
Table 40 Credit Cards Transactions 2017-2022
Table 41 Credit Cards in Circulation: % Growth 2017-2022
Table 42 Credit Cards Transactions: % Growth 2017-2022
Table 43 Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 44 Commercial Credit Cards Transactions 2017-2022
Table 45 Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 46 Commercial Credit Cards Transactions: % Growth 2017-2022
Table 47 Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 48 Personal Credit Cards Transactions 2017-2022
Table 49 Personal Credit Cards in Circulation: % Growth 2017-2022
Table 50 Personal Credit Cards Transactions: % Growth 2017-2022
Table 51 Credit Cards: Number of Cards by Issuer 2017-2021
Table 52 Credit Cards: Number of Cards by Operator 2017-2021
Table 53 Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 54 Credit Cards Payment Transaction Value by Operator 2017-2021
Table 55 Commercial Credit Cards: Number of Cards by Issuer 2017-2021
Table 56 Commercial Credit Cards: Number of Cards by Operator 2017-2021
Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2017-2021
Table 59 Personal Credit Cards: Number of Cards by Issuer 2017-2021
Table 60 Personal Credit Cards: Number of Cards by Operator 2017-2021
Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 62 Personal Credit Cards Payment Transaction Value by Operator 2017-2021
Table 63 Forecast Credit Cards: Number of Cards in Circulation 2022-2027
Table 64 Forecast Credit Cards Transactions 2022-2027
Table 65 Forecast Credit Cards in Circulation: % Growth 2022-2027
Table 66 Forecast Credit Cards Transactions: % Growth 2022-2027
Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2022-2027
Table 68 Forecast Commercial Credit Cards Transactions 2022-2027
Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2022-2027
Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2022-2027
Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2022-2027
Table 72 Forecast Personal Credit Cards Transactions 2022-2027
Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2022-2027
Table 74 Forecast Personal Credit Cards Transactions: % Growth 2022-2027
CHARGE CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Repeal of all lockdown restrictions boosts charge cards in 2021 and 2022
Full resumption of local and international travel facilitates rebound in charge cards
Leading operators adopt contactless payments
PROSPECTS AND OPPORTUNITIES
Charge cards set to benefit from greater merchant acceptance, while post-pandemic era will boost travel and tourism
Operators set to engage with younger generations, expanding customer base and harnessing growth opportunities
Competitive landscape to remain consolidated between local operators Diners Club and American Express
CATEGORY DATA
Table 75 Charge Cards: Number of Cards in Circulation 2017-2022
Table 76 Charge Cards Transactions 2017-2022
Table 77 Charge Cards in Circulation: % Growth 2017-2022
Table 78 Charge Cards Transactions: % Growth 2017-2022
Table 79 Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 80 Commercial Charge Cards Transactions 2017-2022
Table 81 Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 82 Commercial Charge Cards Transactions: % Growth 2017-2022
Table 83 Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 84 Personal Charge Cards Transactions 2017-2022
Table 85 Personal Charge Cards in Circulation: % Growth 2017-2022
Table 86 Personal Charge Cards Transactions: % Growth 2017-2022
Table 87 Charge Cards: Number of Cards by Issuer 2017-2021
Table 88 Charge Cards: Number of Cards by Operator 2017-2021
Table 89 Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 90 Charge Cards Payment Transaction Value by Operator 2017-2021
Table 91 Commercial Charge Cards: Number of Cards by Issuer 2017-2021
Table 92 Commercial Charge Cards: Number of Cards by Operator 2017-2021
Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2017-2021
Table 95 Personal Charge Cards: Number of Cards by Issuer 2017-2021
Table 96 Personal Charge Cards: Number of Cards by Operator 2017-2021
Table 97 Personal Charge Cards Transaction Value by Issuer 2017-2021
Table 98 Personal Charge Cards Transaction Value by Operator 2017-2021
Table 99 Forecast Charge Cards: Number of Cards in Circulation 2022-2027
Table 100 Forecast Charge Cards Transactions 2022-2027
Table 101 Forecast Charge Cards in Circulation: % Growth 2022-2027
Table 102 Forecast Charge Cards Transactions: % Growth 2022-2027
Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2022-2027
Table 104 Forecast Commercial Charge Cards Transactions 2022-2027
Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2022-2027
Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2022-2027
Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2022-2027
Table 108 Forecast Personal Charge Cards Transactions 2022-2027
Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2022-2027
Table 110 Forecast Personal Charge Cards Transactions: % Growth 2022-2027
PRE-PAID CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Pre-paid cards transaction value recovers to pre-pandemic levels, driven by public transport and social grant payments
SAPO, issuer of social grants, continues to lead pre-paid cards in South Africa
Mastercard maintains focus on accelerating strategic partnerships with fintech companies
PROSPECTS AND OPPORTUNITIES
Rapid Payments Programme expected to transform the grant payment system
Greater investment in route expansion and innovation will likely attract new users to public transportation
Digitalisation will drive innovation within pre-paid cards
CATEGORY DATA
Table 111 Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 112 Pre-paid Cards Transactions 2017-2022
Table 113 Pre-paid Cards in Circulation: % Growth 2017-2022
Table 114 Pre-paid Cards Transactions: % Growth 2017-2022
Table 115 Closed Loop Pre-paid Cards Transactions 2017-2022
Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 117 Open Loop Pre-paid Cards Transactions 2017-2022
Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 119 Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 120 Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 121 Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 122 Pre-paid Cards Transaction Value by Operator 2017-2021
Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2022-2027
Table 132 Forecast Pre-paid Cards Transactions 2022-2027
Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2022-2027
Table 134 Forecast Pre-paid Cards Transactions: % Growth 2022-2027
Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2022-2027
Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2022-2027
Table 137 Forecast Open Loop Pre-paid Cards Transactions 2022-2027
Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2022-2027
STORE CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Store card transactions continue to rebound, in line with economic recovery, while interest rates rise
Retailers target strategic partnerships, while embracing e-commerce and click-and-collect
BNPL continues to gain momentum, allowing consumers to manage spending
PROSPECTS AND OPPORTUNITIES
Improving financial health of consumers to support recovery of store card transaction value, while risk of inflation looms
Acquisitions of Payflex and PayJustNow signal future growth of BNPL services
Strategic partnerships will drive demand for BNPL services, while e-commerce presents growth potential for retailers
CATEGORY DATA
Table 139 Store Cards: Number of Cards in Circulation 2017-2022
Table 140 Store Cards Transactions 2017-2022
Table 141 Store Cards in Circulation: % Growth 2017-2022
Table 142 Store Cards Transactions: % Growth 2017-2022
Table 143 Store Cards: Number of Cards by Issuer 2017-2021
Table 144 Store Cards: Payment Transaction Value by Issuer 2017-2021
Table 145 Forecast Store Cards: Number of Cards in Circulation 2022-2027
Table 146 Forecast Store Cards Transactions 2022-2027
Table 147 Forecast Store Cards in Circulation: % Growth 2022-2027
Table 148 Forecast Store Cards Transactions: % Growth 2022-2027

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