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

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

Synopsis

Timetric’s 'The Cards and Payments Industry in New Zealand: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the New Zealand cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, payment cards, direct debits and credit transfers 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 New Zealand: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the New Zealand cards and payments industry, including:

  • Current and forecast values for each market in the New Zealand cards and payments industry, including debit and pay later cards.
  • Detailed insights into payment instruments including credit transfers, direct debits, checks and payment cards. It also includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis and payment types.
  • Analysis of various market drivers and regulations governing the New Zealand cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit and pay later cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape in the New Zealand cards and payments industry.
Scope
  • This report provides a comprehensive analysis of the New Zealand cards and payments industry.
  • It provides current values for the New Zealand cards and payments industry for 2015, and forecast figures to 2020.
  • It details the different demographic, economic, infrastructural and business drivers affecting the New Zealand 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 New Zealand cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the New Zealand cards and payments industry.
  • Assess the competitive dynamics in the New Zealand cards and payments industry.
  • Gain insights into marketing strategies used for various card types in New Zealand.
  • Gain insights into key regulations governing the New Zealand cards and payments industry.
Key Highlights
  • Banks in New Zealand are focusing on innovation to improve services for individual and business customers. For instance, Westpac launched the Westpac One digital banking platform in February 2015. Westpac One can be used on smartphones, tablets and desktops to apply for everyday banking products such as accounts, term deposits, home and personal loans, and credit cards. Similarly, in October 2015, Australia and New Zealand Banking Group Ltd (ANZ) updated its FastPay mobile banking app, which was initially launched in October 2013. The app allows business customers to process Visa, MasterCard and EFTPOS transactions using smartphones. With ANZ FastPay, users can have more than one card reader, smartphone or tablet linked to a single business account. The bank intends to extend the service to a wide range of businesses such as gardeners, plumbers and personal trainers.
  • Chinese students and tourists are the largest pool of overseas residents in New Zealand. To serve these consumers, ANZ started accepting UnionPay payment cards at its ATMs and POS terminals from January 2016. ANZ has also become the first bank in the country to accept Quick Pass, Union Pay's contactless m-payment service. Similarly, Industrial and Commercial Bank of China (New Zealand) offers a wide range of banking services to Chinese consumers in New Zealand, including bank accounts, remittance services and dual-currency cards.
  • Alternative payments are slowly gaining traction among New Zealanders with the emergence of a number of payment options. In December 2015, Visa launched its Visa Checkout online payment service in New Zealand, allowing consumers to make payments simply with a username and password, as opposed to giving credit card details and an expiry date for each transaction. The service enables shoppers to make purchases using a smartphone, tablet, laptop or desktop. In the same month, ANZ Bank launched goMoney Wallet, a contactless m-payment solution. Users can store details of Visa debit or credit cards in the wallet to make payments.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Events
    • Table New Zealand - Key Facts, 2015
    • Table Regional Benchmarking of New Zealand Payment Cards, 2015
  • Executive Summary
  • Payment Instruments
    • Current Payment Environment
  • E-Commerce and Alternative Payments
    • E-Commerce Market and Payment Methods
    • Alternative Payment Solutions
      • PayPal
      • goMoney Wallet
      • Visa Checkout
      • POLi
      • Paysafecard
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table New Zealand - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
    • Demographic and Economic Drivers
    • Infrastructure and Business Drivers
  • Payment Cards
    • Payment Cards Market Analysis
      • Volume and value of payment card transactions by type
  • Debit Cards
    • Debit Card Market Analysis
      • Turnover per debit card and transaction values by channel
      • Debit card scheme and issuer shares in terms of transaction value
      • Debit cards comparison
        • Table New Zealand - Debit Cards Comparison and Key Features, 2016
  • Pay Later Cards
    • Pay Later Cards Market Analysis
      • Turnover per pay later card and transaction values by channel
      • Pay later cards scheme and issuer shares in terms of transaction value
      • Pay later cards comparison
        • Table New Zealand - Premium Credit Cards Comparison and Key Features, 2016
  • Commercial Cards
    • Commercial Pay Later Cards Market Analysis
      • Commercial cards comparison
        • Table New Zealand - Commercial Cards Comparison and Key Features, 2016
  • Appendix
    • Tables
      • Table New Zealand - Payment Instrument Transaction Values (NZD Billion), 2011-2015
      • Table New Zealand - Payment Instrument Transaction Values (US$ Billion), 2011-2015
      • Table New Zealand - Payment Instrument Transaction Volumes (Million), 2011-2015
      • Table New Zealand - Number of Payment Cards in Circulation by Type (Million), 2011-2020
      • Table New Zealand - Volume of Payment Card Transactions by Type (Million), 2011-2020
      • Table New Zealand - Value of Payment Card Transactions by Type (NZD Billion), 2011-2020
      • Table New Zealand - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020
      • Table New Zealand - Number of Debit Cards in Circulation (Million), 2011-2020
      • Table New Zealand - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table New Zealand - Debit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table New Zealand - Number of Debit Cards in Circulation By Scheme (Million), 2011-2015
      • Table New Zealand - Debit Card Transaction Values By Scheme (NZD Billion), 2011-2015
      • Table New Zealand - Debit Card Transaction Values By Scheme (US$ Billion), 2011-2015
      • Table New Zealand - Debit Card Transaction Values by Issuer (NZD Billion), 2011-2015
      • Table New Zealand - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
      • Table New Zealand - Number of Pay Later Cards in Circulation (Million), 2011-2020
      • Table New Zealand - Pay Later Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table New Zealand - Pay Later Card Total and Average Transaction Values by Channel, 2011-2020
      • Table New Zealand - Number of Pay Later Cards in Circulation By Scheme (Thousand), 2011-2015
      • Table New Zealand - Pay Later Card Transaction Values By Scheme (NZD Billion), 2011-2015
      • Table New Zealand - Pay Later Card Transaction Values By Scheme (US$ Billion), 2011-2015
      • Table New Zealand - Pay Later Card Transaction Values By Issuer (NZD Billion), 2011-2015
      • Table New Zealand - Pay Later Card Transaction Values By Issuer (US$ Billion), 2011-2015
      • Table New Zealand - Number of Credit Cards in Circulation (Million), 2011-2020
      • Table New Zealand - Credit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table New Zealand - Credit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table New Zealand - Number of Credit Cards in Circulation By Scheme (Thousand), 2011-2015
      • Table New Zealand - Credit Card Transaction Values By Scheme (NZD Billion), 2011-2015
      • Table New Zealand - Credit Card Transaction Values By Scheme (US$ Billion), 2011-2015
      • Table New Zealand - Number of Charge Cards in Circulation (Thousand), 2011-2020
      • Table New Zealand - Charge Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table New Zealand - Charge Card Total and Average Transaction Values by Channel, 2011-2020
      • Table New Zealand - Number of Charge Cards in Circulation By Scheme (Thousand), 2011-2015
      • Table New Zealand - Charge Card Transaction Values By Scheme (NZD Million), 2011-2015
      • Table New Zealand - Charge Card Transaction Values By Scheme (US$ Million), 2011-2015
      • Table New Zealand - Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011-2020
      • Table New Zealand - Personal and Commercial Pay Later Card Transaction Values (NZD Billion), 2011-2020
      • Table New Zealand - Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020
      • Table New Zealand - Number of Commercial Pay Later Cards in Circulation (Thousand), 2011-2020
      • Table New Zealand - Commercial Pay Later Card Transaction Volumes (Million), 2011-2020
      • Table New Zealand - Commercial Pay Later Card Transaction Values (NZD Billion), 2011-2020
      • Table New Zealand - Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020
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