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The Cards and Payments Industry in Singapore: Emerging Trends and Opportunities to 2019

The Cards and Payments Industry in Singapore: Emerging Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Cards and Payments Industry in Singapore: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Singapore's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, check payments, direct debits, payment cards and cash transactions during the review period (2010–2014).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 (2015–2019). It also offers information on the country's competitive landscape, including 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 detailed regulatory policies, recent changes in regulatory structure, card fraud statistics, and profiles of card issuers operating in the country.

Summary

Timetric’s 'The Cards and Payments Industry in Singapore: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Singapore's cards and payments industry, including:

  • Current and forecast values for each market in Singapore's cards and payments industry, including debit cards, credit cards and charge cards. It also includes detailed analysis of the prepaid cards market.
  • Detailed insights into payment instruments including credit transfers, check payments, direct debits, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment
  • Analysis of various market drivers and regulations governing Singapore'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 Singapore's cards and payments industry.
Scope
  • This report provides a comprehensive analysis of Singapore's cards and payments industry.
  • It provides current values for Singapore's cards and payments industry for 2014, and forecast figures to 2019.
  • It details the different economic, infrastructural and business drivers affecting Singapore'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 Singapore's cards and payments industry.
Reasons To Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to Singapore's cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in Singapore's cards and payments industry.
  • Assess the competitive dynamics in Singapore's cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Singapore.
  • Gain insights into key regulations governing Singapore's cards and payments industry.
Key Highlights
  • Singapore’s payment cards market is one of the most highly competitive and attractive markets in Asia-Pacific. Singapore’s payment cards market is mature and over served, with credit and debit card penetration rates of 1.7 and 2.0 respectively per inhabitant in 2014. In terms of transaction value and volume, Singapore’s payment cards accounted for 0.6% and 1% shares respectively in the Asia-Pacific region in 2014.
  • The ‘Intelligent Nation 2015’ (iN2015) master plan, drawn up by the Singapore government, is expected to support to the growth of the cards and payments industry over the forecast period. The program aims to promote electronic payments through increased adoption of near-field communication (NFC) mobile payments with the establishment of an interoperable infrastructure for NFC services.
  • In line with an industry-wide initiative led by the Association of Banks in Singapore (ABS), from October 1, 2013 all banks in Singapore implemented additional security measures for international banking transactions by deactivating the magnetic stripe on all credit and debit cards. Consequently, card fraud decreased in 2014, a trend that is anticipated to continue over the forecast period (2015–2019).


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Events
    • Table Singapore - Key Facts, 2014
    • Table Regional Benchmarking of Singapore's Payment Cards, 2014
  • Executive Summary
  • Payment Instruments
    • Current Payments Environment
    • Alternative Payment Instruments
      • Mobile payments
      • PayPal
      • MasterPass
      • PayDollar
      • Fastcash
      • MOLPoints
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Singapore - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
    • Demographic Drivers
    • Economic Drivers
    • Infrastructure Drivers
    • Business Drivers
  • Market Segmentation and New Product Launches
    • Market Segmentation and Targeting
      • Consumer cards
        • Table Cards for High-Income Consumers, 2015
        • Table Cards for Travelers, 2015
        • Table Cards for Female Population, 2015
        • Table Cards for Shoppers, 2015
        • Table Cards for Students and Youth Population, 2015
      • Commercial cards
        • Table Commercial Cards Comparison and Key Features, 2015
    • New Product Launches
      • Table Singapore - New Product Launches
  • Payment Cards
    • Payment Cards Analysis
      • Volume and value of payment card transactions by type
      • Personal vs commercial cards
  • Debit Cards
    • Debit Cards Market Analysis
      • Table Singapore - Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014
      • Table Singapore - Pay Now, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019
      • Debit cards transaction volume and value by channel
      • Debit cards scheme shares in terms of number of cards in circulation and transaction value
      • Debit card issuers' market shares
      • Debit cards comparison
        • Table Singapore - Debit Cards Comparison and Key Features, 2015
  • Credit Cards
    • Credit Cards Market Analysis
      • Table Singapore - Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014
      • Table Singapore - Pay Later, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019
      • Credit card transaction volume and value by channel
      • Credit card scheme shares in terms of number of cards in circulation and transaction value
      • Credit card issuers' market shares
      • Credit cards comparison
        • Table Singapore - Gold Credit Cards Comparison and Key Features, 2015
        • Table Singapore - Premium Credit Cards Comparison and Key Features, 2015
  • Charge Cards
    • Charge Cards Market Analysis
      • Charge card transaction volume and value by channel
      • Charge card scheme shares in terms of number of cards in circulation and transaction value
      • Charge cards comparison
        • Table Singapore - Charge Cards Comparison and Key Features, 2015
  • Commercial Cards
    • Commercial Cards Market Analysis
      • Commercial cards comparison
        • Table Singapore - Commercial Cards Comparison and Key Features, 2015
  • Card Fraud Statistics
    • Card Fraud Analysis
  • Card Issuers
    • DBS Bank
    • United Overseas Bank
    • The Oversea-Chinese Banking Corporation Ltd
    • Citibank Singapore
    • Standard Chartered Bank
  • Prepaid Cards
    • Prepaid Cards Market Analysis
      • Prepaid cards comparison
        • Table Singapore - Prepaid Cards Comparison and Key Features, 2015
  • Merchant Acquiring
    • Merchant Acquiring Market Analysis
  • Appendix
    • Tables
      • Table Singapore - Payment Instrument Transaction Values (SGD Billion), 2010-2014
      • Table Singapore - Payment Instrument Transaction Values (US$ Billion), 2010-2014
      • Table Singapore - Payment Instrument Transaction Volumes (Million), 2010-2014
      • Table Singapore - Number of Payment Cards in Circulation by Type (Million), 2010-2019
      • Table Singapore - Volume of Payment Card Transactions by Type (Million), 2010-2019
      • Table Singapore - Value of Payment Card Transactions by Type (SGD Billion), 2010-2019
      • Table Singapore - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019
      • Table Singapore - Personal and Commercial Card Transaction Volumes (Million), 2010-2019
      • Table Singapore - Personal and Commercial Card Transaction Values (SGD Billion), 2010-2019
      • Table Singapore - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019
      • Table Singapore - Number of Debit Cards in Circulation (Million), 2010-2019
      • Table Singapore - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Singapore - Debit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Singapore - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014
      • Table Singapore - Debit Card Transaction Values by Scheme (SGD Billion), 2010-2014
      • Table Singapore - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Singapore - Debit Card Transaction Values by Issuer (SGD Billion), 2010-2014
      • Table Singapore - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014
      • Table Singapore - Number of Credit Cards in Circulation (Million), 2010-2019
      • Table Singapore - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Singapore - Credit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Singapore - Number of Credit Cards in Circulation by Scheme (Million),2010-2014
      • Table Singapore - Credit Card Transaction Values by Scheme (SGD Billion),2010-2014
      • Table Singapore - Credit Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Singapore - Credit Card Transaction Values by Issuer (SGD Billion), 2010-2014
      • Table Singapore - Credit Card Transaction Values by Issuer (US$ Billion), 2010-2014
      • Table Singapore - Credit Card Balances Outstanding by Issuer (SGD Million), 2010-2014
      • Table Singapore - Credit Card Balances Outstanding by Issuer (US$ Million), 2010-2014
      • Table Singapore - Number of Charge Cards in Circulation (Thousand), 2010-2019
      • Table Singapore - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Singapore - Charge Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Singapore - Charge Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Singapore - Number of Charge Cards in Circulation by Scheme (Thousand), 2010-2014
      • Table Singapore - Charge Card Transaction Values by Scheme (SGD Million), 2010-2014
      • Table Singapore - Charge Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Singapore - Number of Commercial Cards in Circulation (Thousand), 2010-2019
      • Table Singapore - Commercial Card Transaction Values (SGD Billion), 2010-2019
      • Table Singapore - Commercial Card Transaction Values (US$ Billion), 2010-2019
      • Table Singapore - Card Fraud (SGD Million), 2010-2014
      • Table Singapore - Card Fraud (US$ Million), 2010-2014
      • Table Singapore - Number of Prepaid Cards in Circulation (Million), 2010-2019
      • Table Singapore - Prepaid Card Transaction Values (SGD Billion), 2010-2019
      • Table Singapore - Prepaid Card Transaction Values (US$ Billion), 2010-2019
      • Table Singapore - Merchant Acquiring Total Transaction Volumes (Million), 2010-2019
      • Table Singapore - Merchant Acquiring Total Transaction Values (SGD Billion), 2010-2019
      • Table Singapore - Merchant Acquiring Total Transaction Values (US$ Billion), 2010-2019
      • Table Singapore - Acquirers' Transaction Value (SGD Billion), 2010-2014
      • Table Singapore - Acquirers' Transaction Value (US$ Billion), 2010-2014
      • Table Singapore - Retail Outlets and Total Merchant Accounts (Thousand), 2010-2019
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