Research and Markets (http://www.researchandmarkets.com/research/jzdgtq/emerging)
has announced the addition of the "Emerging
Opportunities in New Zealand's Cards and Payments Market: Market Size,
Trends and Drivers, Strategies, Products and Competitive Landscape"
report to their offering.
The cards industry as a whole grew moderately at a CAGR of 4.99% during
the review period (2007-2012), primarily driven by the prepaid and debit
card categories. The slow growth in the cards industry was mainly due to
global economic crises as well as the ripple effects of the Christchurch
earthquake that impacted the growth of major industries in the country.
During the review period, debit cards occupied the largest share in the
overall cards and payments industry, and recorded a CAGR of 6.48%.
Prepaid cards grew at a CAGR of 5.82% in the same period. The overall
card industry is expected to grow at a CAGR of 3.77% over the forecast
period (2013-2017), driven primarily by the debit and prepaid cards
categories, which are expected to grow at CAGRs of 3.92% and 4.53%
respectively. The credit cards category is also expected to grow at a
CAGR of 2.21% during the forecast period, while charge cards are
expected to exhibit negative growth at a CAGR of -1.55%.
The New Zealand cards and payments industry grew moderately both in
value and volume terms during the review period. Over the forecast
period it is expected to increase at a CAGR of 3.77% in volume terms,
and 3.75% in value terms.
Greater use of debit, credit and prepaid cards for high-value retail
purchases and international travel is expected to contribute to the
growth in overall transaction value.
The growing market for online trade in New Zealand is one of the
primary factors responsible for the expansion of the country's cards
and payments industry. The number of online shoppers in New Zealand
increased from 1.4 million in 2010 to 2.0 million in 2012.
The growth in m-commerce has been enhanced by increased smartphone use
in New Zealand. The increasing capabilities of smartphone devices, an
exponential rise in mobile device applications and falling prices have
been instrumental in driving m-commerce.
Key Topics Covered:
1 Executive Summary
2 Market Attractiveness and Future Prospects of the Cards and Payments
3 Analysis of Country Cards and Payments Market Drivers
4 Emerging Consumer Attitudes and Trends
5 Competitive Landscape and Industry Dynamics
6 Strategies Adopted by Key Competitors
7 Market Size and Growth Potential of Payment Card Industry
8 Company Profiles, Product, and Marketing Strategies
ANZ New Zealand
Westpac New Zealand Ltd
For more information visit http://www.researchandmarkets.com/research/jzdgtq/emerging