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The Cards and Payments Industry in Lebanon: Emerging Trends and Opportunities to 2020

The Cards and Payments Industry in Lebanon: Emerging Trends and Opportunities to 2020

Synopsis

Timetric’s 'The Cards and Payments Industry in Lebanon: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Lebanese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments and payment cards during the review period (2011–2015).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016–2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Summary

Timetric’s 'The Cards and Payments Industry in Lebanon: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Lebanese cards and payments industry, including:

  • Current and forecast values for each market in the Lebanese cards and payments industry, including debit card, credit and charge cards.
  • Detailed insights into payment instruments including check payments and payment cards. It also, includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis.
  • Analysis of various market drivers and regulations governing the Lebanese 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 in Lebanese cards and payments industry.
Scope
  • This report provides a comprehensive analysis of the Lebanese cards and payments industry.
  • It provides current values for the Lebanese cards and payments industry for 2015, and forecast figures to 2020.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Lebanese cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
Reasons To Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the Lebanese cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Lebanese cards and payments industry.
  • Assess the competitive dynamics in the Lebanese cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Lebanon.
  • Gain insights into key regulations governing the Lebanese cards and payments industry.
Key Highlights
  • To prevent money laundering and the misuse of prepaid cards, Banque du Liban (the central bank of Lebanon) issued a circular in March 2016, directing banks and financial institutions to discontinue issuing and marketing prepaid cards. However, this circular was amended in May 2016, allowing banks to issue prepaid cards only to accountholders. International issuers are also allowed to issue prepaid cards, with the central bank’s approval.
  • The United Nations High Commissioner for Refugees (UNHCR) launched the Multipurpose Cash Assistance Program (MCAP) in August 2014, to serve the increasing Syrian refugee population, which stood at around 1.1 million in February 2016. By May 2015, 12,807 refugee families were offered cash assistance via payment cards issued through this program by CSC. Similarly, the Lebanon Cash Consortium (LCC) partnered with the World Food Program (WFP) in December 2014, to launch the OneCard electronic payment card. This card can be used for ATM cash withdrawals, as well as in-store payments at partner retailers.
  • To offer easier access to banking service, Bank Audi launched its Novo branch in December 2014. This branch offers interactive teller machines (ITMs) and an ultra-modern space catering to consumers’ financial needs. An ITM offers live video assistance, and can be used by consumers to manage bank accounts, deposit and withdraw cash, deposit and cash checks, transfer money and pay bills. The bank also offers a Novo advisory room which can be used to open bank accounts and instantly obtain debit cards. The Novo branch is open 365 days a year, and is expected to provide a convenient and interactive banking experience to consumers.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Highlights
    • Table Lebanon - Key Facts, 2015
    • Table Regional Benchmarking of Lebanon's Payment Cards, 2015
  • Executive Summary
  • Payment Instruments
  • E-Commerce and Alternative Payments
    • E-Commerce Market and Payment Methods
    • Alternative Payment Solutions
      • Fortumo
      • LibanCall Plus
      • Boku
      • Simba
      • CashU
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Lebanon - Mode of Entry of Foreign
  • Analysis of Cards and Payments Industry Drivers
  • Payment Cards
  • Debit Cards
    • Debit Card Market Analysis
    • Debit Card Scheme and Issuer Shares
    • Debit Card Comparison
      • Table Lebanon - Debit Cards Comparison and Key Features, 2016
  • Pay Later Cards
    • Pay Later Cards Market Analysis
    • Pay Later Cards Scheme and Issuer Shares
    • Pay Later Cards Comparison
      • Table Lebanon - Gold Credit Cards Comparison and Key Features, 2016
      • Table Lebanon - Premium Credit Cards Comparison and Key Features, 2016
      • Table Lebanon - Charge Cards Comparison and Key Features, 2016
  • Prepaid Cards
  • Appendix
    • Tables
      • Table Lebanon - Payment Instrument Transaction Values (LBP Trillion), 2011-2015
      • Table Lebanon - Payment Instrument Transaction Values (US$ Billion), 2011-2015
      • Table Lebanon - Payment Instrument Transaction Volumes (Million), 2011-2015
      • Table Lebanon - Number of Payment Cards in Circulation by Type (Million), 2011-2020
      • Table Lebanon - Volume of Payment Cards Transactions by Type (Million), 2011-2020
      • Table Lebanon - Value of Payment Cards Transactions by Type (LBP Billion), 2011-2020
      • Table Lebanon - Value of Payment Cards Transactions by Type (US$ Billion), 2011-2020
      • Table Lebanon - Number of Debit Cards in Circulation (Million), 2011-2020
      • Table Lebanon - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Lebanon - Debit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Lebanon - Number of Debit Cards in Circulation by Scheme (Thousand), 2011-2015
      • Table Lebanon - Debit Card Transaction Values by Scheme (LBP Trillion), 2011-2015
      • Table Lebanon - Debit Card Transaction Values by Scheme (US$ Billion), 2011-2015
      • Table Lebanon - Debit Card Transaction Values by Issuer (LBP Billion), 2011-2015
      • Table Lebanon - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
      • Table Lebanon - Number of Pay Later Cards in Circulation (Thousand), 2011-2020
      • Table Lebanon - Pay Later Cards Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Lebanon - Pay Later Cards Total and Average Transaction Values by Channel, 2011-2020
      • Table Lebanon - Number of Pay Later Cards in Circulation by Scheme (Thousand), 2011-2015
      • Table Lebanon - Pay Later Cards Transaction Values by Scheme (LBP Billion), 2011-2015
      • Table Lebanon - Pay Later Cards Transaction Values by Scheme (US$ Million), 2011-2015
      • Table Lebanon - Pay Later Cards Transaction Values by Issuer (LBP Billion), 2011-2015
      • Table Lebanon - Pay Later Cards Transaction Values by Issuer (US$ Million), 2011-2015
      • Table Lebanon - Number of Credit Cards in Circulation (Thousand), 2011-2020
      • Table Lebanon - Credit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Lebanon - Credit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Lebanon - Number of Credit Cards in Circulation by Scheme (Thousand), 2011-2015
      • Table Lebanon - Credit Card Transaction Values by Scheme (LBP Billion), 2011-2015
      • Table Lebanon - Credit Card Transaction Values by Scheme (US$ Million), 2011-2015
      • Table Lebanon - Number of Charge Cards in Circulation (Thousand), 2011-2020
      • Table Lebanon - Charge Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Lebanon - Charge Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Lebanon - Number of Charge Cards in Circulation by Scheme (Thousand), 2011-2015
      • Table Lebanon - Charge Card Transaction Values by Scheme (LBP Billion), 2011-2015
      • Table Lebanon - Charge Card Transaction Values by Scheme (US$ Million), 2011-2015
      • Table Lebanon - Personal and Commercial Pay Later Cards Transaction Volumes (Million), 2011-2020
      • Table Lebanon - Personal and Commercial Pay Later Cards Transaction Values (LBP Billion), 2011-2020
      • Table Lebanon - Personal and Commercial Pay Later Cards Transaction Values (US$ Billion), 2011-2020
      • Table Lebanon - Number of Commercial Pay Later Cards in Circulation (Thousand), 2011-2020
      • Table Lebanon - Commercial Pay Later Cards Transaction Volumes (Million), 2011-2020
      • Table Lebanon - Commercial Pay Later Cards Transaction Values (LBP Billion), 2011-2020
      • Table Lebanon - Commercial Pay Later Cards Transaction Values (US$ Million), 2011-2020
      • Table Lebanon - Number of Prepaid Cards in Circulation (Million), 2011-2020
      • Table Lebanon - Prepaid Card Transaction Values (LBP Billion), 2011-2020
      • Table Lebanon - Prepaid Card Transaction Values (US$ Million), 2011-2020
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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