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New Research Report on Emerging Opportunities in Saudi Arabias Cards and Payments Market by MRRBIZ


New Market Research Report Added in MarketResearchReports.Biz Reports Database Emerging Opportunities in Saudi Arabias Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape

Albany, NY, January 10, 2013 --(PR.com)-- The report provides top-level market analysis, information and insights on Saudi Arabia's cards and payments industry, including:

Current and forecast values for each category of the Saudi Arabian cards and payments industry, including debit cards, credit cards, prepaid cards and charge cards.
Comprehensive analysis of the industry’s attractiveness and future growth areas.
Analysis of various market drivers and regulations governing the Saudi Arabian cards and payments industry.
Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by various bankers and other institutions in the industry.
Comprehensive analysis of consumer attitude and their buying preferences for cards.
The competitive landscape of the Saudi Arabian cards and payments industry.

Summary

The Saudi Arabian banking system is well capitalized and consists largely of commercial banks. In April 2012, the international monitory fund (IMF) stated that there were 23 licensed banks in operation in the country. Compared to other Gulf Co-operation Council (GCC) countries, the Saudi Arabian cards and payments industry is considered, by MasterCard’s 2012 consumer confidence survey, to be extremely optimistic. It offers credit, debit, prepaid and charge cards to corporations and consumers. During the review period (2008−2012), nominal growth at a CAGR of 11.79% was experienced within the cards and payments industry. It is predicted to register a CAGR of 12.19% over the forecast period (2013−2017).

The debit and charge card categories are anticipated to post nominal growth over the forecast period. The prepaid card category is expected to post a CAGR of 19.05% while the credit card category is expected to grow at a CAGR of 16.46%. The prepaid and credit card categories are anticipated to be key industry drivers. The debit card category is expected to grow at a CAGR of 9.11% and the charge card category is projected to grow at a CAGR of 7.30% over the forecast period.

Scope

This report provides a comprehensive analysis of the Saudi Arabian cards and payments industry.
It provides current values for the Saudi Arabian cards and payments industry for 2012, and forecast figures for 2017.
It details the different macroeconomic, infrastructural, consumer and business drivers affecting the Saudi Arabian cards and payments industry.
It outlines the current regulatory framework in the industry.
It details the marketing strategies used by various bankers and other institutions.
It profiles the major banks in the Saudi Arabian cards and payments industry.

Reasons To Buy

Make strategic business decisions using top-level historic and forecast market data related to the Saudi Arabian cards and payments industry and each market within it.
Understand the key market trends and growth opportunities within the Saudi Arabian cards and payments industry.
Assess the competitive dynamics in the Saudi Arabian cards and payments industry.
Gain insights in to the marketing strategies used for selling various types of cards in the Saudi Arabian market.
Gain insights into key regulations governing the Saudi Arabian cards and payment industry.

Key Highlights

The Saudi Arabian banking system is well capitalized and consists largely of commercial banks. In April 2012, the international monitory fund (IMF) stated that there were 23 licensed banks in operation in the country. Compared to other Gulf Co-operation Council (GCC) countries, the Saudi Arabian cards and payments industry is considered, by MasterCard’s 2012 consumer confidence survey, to be extremely optimistic.

The Saudi Arabian cards and payments industry recorded a CAGR of 11.79% during the review period. In terms of transaction value, the industry increased from SAR430.4 billion (USD114.9 billion) in 2008 to SAR820.4 billion (USD218.8 billion) in 2012. Economic growth is anticipated to benefit the industry and provide positive growth potential for banking and non-banking card issuers operating in the country.

Saudi Arabia is ranked as having the second largest market in e-commerce sales in the Gulf Co-operation Council (GCC) countries after United Arab Emirates (UAE) and, more importantly, represents the biggest retail sector in the region, with the promise of huge growth in e-commerce. In December 2011, there were around 13 million internet users with a 49% penetration level of the entire Saudi Arabian population. Total e-commerce sales were recorded at USD3.5 billion in 2011, with 14% growth in online sales.

Saudi Arabia has the second largest retail sector among all GCC countries and recorded SAR285.1 billion (USD76.1 billion) in 2011. The wholesale and retail sector accounts for 21.5% of overall private sector employment.

Al Rajhi Bank was the leading bank in terms of debit card issuance volume in 2011, which accounted for 26.6% of the total volume of debit cards in 2011.

In 2011, five major banks in the credit card category were Al Rajhi Bank, Samba financial group, Saudi British Bank, Riyad Bank and Arab National Bank. These banks collectively accounted for 67.2% share of the industry in terms of card volume.

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