Research and Markets: Saudi Arabia's Cards and Payments Industry 2014-2018

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/7nm78q/saudi_arabias) has announced the addition of the "Saudi Arabia's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape" report to their offering.

The Saudi Arabian economy was largely resilient to the global financial crisis, mainly due to a sound banking and financial system. The system was well capitalized with domestic banks maintaining a capital adequacy ratio of 17.9% at the end of 2013, as a result of which credit was easily available to corporate sectors. Consequently, business activity was vibrant and confidence was high, which reflected positively on employment levels, income and the overall card payments channel.

The Saudi Arabian card payments channel grew at a healthy pace, both in terms of volume and value during the review period (2009-2013). In terms of the number of cards in circulation, the channel increased from 17.2 million cards in 2009 to 26.8 million in 2013, at a review-period compound annual growth rate (CAGR) of 11.75%. Over the forecast period (2014-2018), the card payments channel is anticipated to register a CAGR of 8.66%, to reach 42.2 million cards in 2018.

In terms of transaction value, the card payments channel increased from SAR489.2 billion (US$130.5 billion) in 2009 to SAR863.9 billion (US$230.4 billion) in 2013, at a review-period CAGR of 15.28%. The card payments channel is anticipated to increase further from SAR936.7 billion (US$249.8 billion) in 2014 to SAR1.2 trillion (US$308.7 billion) in 2018, representative of a forecast-period CAGR of 5.44%.

While the debit cards category occupied the largest channel share of 57.7% in 2013, in terms of the number of cards in circulation, the prepaid and credit card categories are eroding the share of the debit cards category, which is anticipated to decrease to 52.3% in 2018. With government efforts to attract the non-banked population into the country's banking system, domestic and foreign banks are issuing prepaid cards in large numbers. In 2013, the number of prepaid cards in circulation was 8.3 million, and is anticipated to reach 16.4 million by 2018.

E-commerce is increasing as a result of improvements in telecommunication infrastructure, payment and security systems, and an increased consumer willingness to shop online. E-commerce registered a review-period CAGR of 35.71%, rising from SAR1.8 billion (US$468.1 million) in 2009 to SAR6.0 billion (US$1.6 billion) in 2013.

Key Topics Covered:

1 Executive Summary

2 Analysis of Market Environment, Key Trends and Drivers

3 Cards and Payments Industry Share Analysis

4 Regulatory Framework and Card Fraud Statistics

5 Emerging Consumer Attitudes and Trends

6 Analysis of Card Payments and Growth Prospects

7 Analysis of Credit Card Payments and Growth Prospects

8 Analysis of Debit Card Payments and Growth Prospects

9 Analysis of Charge Card Payments and Growth Prospects

10 Analysis of Prepaid Card Payments and Growth Prospects

11 Merchant Acquiring

12 Company Profiles of Card Issuers

13 Appendix

Companies Mentioned

- Al Rajhi Bank

- American Express

- Arab National Bank

- Diners Club

- MasterCard

- Riyad Bank

- Samba Financial Group

- The National Commercial Bank

- The Saudi British Bank

- Visa

For more information visit http://www.researchandmarkets.com/research/7nm78q/saudi_arabias

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Sector: Cards

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Sector: Cards