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Oman's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

Oman's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

Synopsis

Timetric’s “Oman’s Cards and Payments Industry, Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report provides detailed analysis of market trends in Oman’s cards and payments industry. It provides values and volumes of a number of Key Performance Indicators (KPIs) operating in the industry, including check payments, credit transfers and payment cards during the review period (2009-2013).

The report also analyses various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and transaction volume, during the review period and over the forecast period (2014-2018). Additionally, it offers information pertaining to the competitive landscape in the country, including market shares of issuers and schemes.

This brings together Timetric’s research, modeling, and analysis expertise, to develop an insightful report. This allows banks and card issuers to identify segment dynamics, competitive advantage and profiles of card issuers operating in the country. The report also covers a detailed regulatory policies and recent changes in regulatory structure and information, on card fraud statistics.

Summary

The report provides top-level market analysis, information and insights into Oman's cards and payments industry, including:

  • Current and forecast values for each category of Oman's cards and payments industry, including debit cards, credit cards and prepaid cards.
  • Comprehensive analysis of the industry’s market attractiveness and future growth areas.
  • Analysis of various market drivers and regulations governing Oman's cards and payments industry.
  • Detailed analysis of marketing strategies adopted for selling debit, credit and prepaid cards used by banks and other institutions in the market.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of Oman's cards and payments industry.
Scope
  • This report provides a comprehensive analysis of Oman's cards and payments industry.
  • It provides current values for Oman's cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting Oman's cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details the marketing strategies used by various banks and other institutions.
  • It profiles major banks in Oman's cards and payments industry.
Reasons To Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to Oman's cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities within Oman's cards and payments industry.
  • Assess the competitive dynamics in Oman's cards and payments industry.
  • Gain insights into marketing strategies used for selling various card types in Oman.
  • Gain insights into key regulations governing of Oman's cards and payments industry.
Key Highlights
  • Checks and credit transfers were the preferred payment instruments, having a combined industry share of XX.X% in 2013, in terms of transaction value. The share of payment cards is increasing, as banks and the government are increasing benefits and awareness levels among consumers and merchants, as well as encouraging customers to use cashless transactions.
  • Debit cards remained the preferred payment card during the review period, in terms of transaction value, growing from OMRX.X billion (US$X.X billion) in 2009 to OMRX.X billion (US$X.X billion) in 2013, at a CAGR of XX.XX%.
  • The CBO has appealed to the country’s residents to use non-cash payments as often as possible, including salary and other routine payments or withdrawals. To support this, the National e-Payment Gateway system was introduced in July 2012 in association with MasterCard as an electronic payment gateway service that offers payment services for the e-commerce industry, promoting online business and enabling consumers to shop and pay bills online.


  • Key Facts and Events
    • Table Oman - Key Facts, 2013
  • Executive Summary
  • Payment Instruments
    • Current Payments Environment
    • Alternative Payment Instruments
      • Skrill
      • ClickandBuy
      • Click2Pay
      • PayPal
      • CashU
  • Market Attractiveness and Future Prospects of Cards and Payments
    • Table Regional Benchmarking of Oman Payment Cards Instrument, 2013
  • Analysis of Cards and Payments Industry Drivers
    • Demographic Drivers
    • Economic Drivers
    • Infrastructure Drivers
    • Business Drivers
  • Emerging Consumer Attitudes and Trends
    • Market Segmentation and Targeting
      • Consumer cards
        • Table Cards for High-Income Consumers
        • Table Cards for Students and the Young Population
        • Table Cards for Online Shoppers
        • Table Cards for the Female Population
        • Table Cards for Frequent Travelers
      • Commercial cards
        • Table Oman - Commercial Cards Comparison and Key Features
    • New Product Launches
      • Table Oman - New Product Launches
    • Travel Spending
      • Outbound trips volume and spending
      • Inbound trips volume and spending
  • Payment Cards
    • Payment Cards Analysis
      • Number of cards in circulation by card type
      • Transaction volume by card type
      • Transaction value by card type
      • Personal vs commercial cards
  • Debit Cards
    • Debit Cards Market Analysis
      • Table Regional Benchmarking of Omani Debit Cards, 2013
      • Number of debit cards in circulation
      • Debit cards transaction volume by channel
      • Debit cards transaction value by channel
      • Number of debit cards in circulation by scheme
      • Debit cards transaction value by scheme
      • Debit card issuers' market shares
      • Debit cards comparison
        • Table Oman - Debit Card Comparisons and Key Features
  • Credit Cards
    • Credit Cards Market Analysis
      • Table Regional Benchmarking of Omani Credit Cards, 2013
      • Number of credit cards in circulation
      • Credit cards transaction volume by channel
      • Credit cards transaction value by channel
      • Number of credit cards in circulation by scheme
      • Credit cards transaction value by scheme
      • Credit card issuers' market shares
      • Credit cards comparison
        • Table Oman - Gold Credit Card Comparisons and Key Features
        • Table Oman - Premium Credit Card Comparisons and Key Features
  • Commercial Cards
    • Commercial Card Market Analysis
      • Number of commercial cards in circulation
      • Commercial card transaction values
      • Commercial cards comparison
        • Table Oman - Commercial Cards Comparison and Key Features
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Oman - Market Entry Strategies of Foreign Banks
  • Card Fraud Statistics
    • Card Fraud Analysis
  • Card Issuers
    • Bank Muscat
    • National Bank of Oman
    • Bank Dhofar
    • HSBC Bank Oman
    • Standard Chartered Bank
  • Card Schemes
    • Visa
    • MasterCard
  • Appendix
    • Tables
      • Table Oman - Payment Instrument Transaction Values (OMR Million), 2009-2013
      • Table Oman - Payment Instrument Transaction Values (US$ Billion), 2009-2013
      • Table Oman - Payment Instrument Transaction Volumes (Million), 2009-2013
      • Table Oman - Number of Cards in Circulation by Card Types (Million), 2009-2018
      • Table Oman - Transaction Volume by Card Type (Million), 2009-2018
      • Table Oman - Transaction Value by Card Type (OMR Billion), 2009-2018
      • Table Oman - Transaction Value by Card Type (US$ Billion), 2009-2018
      • Table Oman - Personal and Commercial Card Transaction Values (OMR Million), 2009-2018
      • Table Oman - Personal and Commercial Card Transaction Values (US$ Million), 2009-2018
      • Table Oman - Number of Debit Cards in Circulation (Million), 2009-2018
      • Table Oman - Debit Card Transaction Volumes and Frequency by Channel, 2009-2018
      • Table Oman - Debit Card Total and Average Transaction Values by Channel, 2009-2018
      • Table Oman - Number of Debit Cards in Circulation by Scheme (Million), 2009-2013
      • Table Oman - Debit Card Transaction Values by Scheme (OMR Billion), 2009-2013
      • Table Oman - Debit Card Transaction Values by Scheme (US$ Billion), 2009-2013
      • Table Oman - Debit Card Transaction Values by Issuer (OMR Million), 2009-2013
      • Table Oman - Debit Card Transaction Values by Issuer (US$ Million), 2009-2013
      • Table Oman - Number of Credit Cards in Circulation (Million), 2009-2018
      • Table Oman - Credit Card Transaction Volumes and Frequency by Channel, 2009-2018
      • Table Oman - Credit Card Total and Average Transaction Values by Channel, 2009-2018
      • Table Oman - Number of Credit Cards in Circulation by Scheme (Thousand), 2009-2013
      • Table Oman - Credit Card Transaction Values by Scheme (OMR Million), 2009-2013
      • Table Oman - Credit Card Transaction Values by Scheme (US$ Million), 2009-2013
      • Table Oman - Credit Card Transaction Values by Issuer (OMR Million), 2009-2013
      • Table Oman - Credit Card Transaction Values by Issuer (US$ Million), 2009-2013
      • Table Oman - Credit Card Balances Outstanding by Issuer (OMR Million), 2009-2013
      • Table Oman - Credit Card Balances Outstanding by Issuer (US$ Million), 2009-2013
      • Table Oman - Number of Commercial Cards in Circulation (Thousand), 2009-2018
      • Table Oman - Commercial Card Transaction Values (OMR Million), 2009-2018
      • Table Oman - Commercial Card Transaction Values (US$ Million), 2009-2018
      • Table Oman - Commercial Credit Cards, 2009-2018
      • Table Oman - Card Fraud (OMR Million), 2009-2013
      • Table Oman - Card Fraud (US$ Million), 2009-2013
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Definitions
      • Table Key Definitions
    • Disclaimer

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