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

Published: June 2016
No. of Pages: 47
    ReportsandReports

Synopsis

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

  • Current and forecast values for each market in the Iranian cards and payments industry, including debit and credit cards.
  • Detailed insights into payment instruments including checks and payment cards. It also, includes an overview of the country's key alternative payment instruments.
  • Analysis of various market drivers and regulations governing the Iranian cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape in the Iranian cards and payments industry.

Scope

  • This report provides a comprehensive analysis of the Iranian cards and payments industry.
  • It provides current values for the Iranian cards and payments industry for 2015, and forecast figures to 2020.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Iranian 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 Iranian cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Iranian cards and payments industry.
  • Assess the competitive dynamics in the Iranian cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Iran.
  • Gain insights into key regulations governing the Iranian cards and payments industry.

Key Highlights

  • Iranian banks were disconnected from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system in March 2012, due to international sanctions placed on Iran by the US as a result of its nuclear program. Banks in Iran were reconnected to the SWIFT system in February 2016, as the sanctions were lifted. This allows banks in Iran to resume cross-border transactions with foreign counterparts. This is anticipated to support the growth in the country's cards and payments industry.
  • The lifting of sanctions is expected to encourage more foreign banks to expand operations in Iran. South Korea's Woori Bank opened a representative office in May 2016. In April 2016, the governors of the Central Bank of Iran and the National Bank of Kazakhstan signed a memorandum of understanding (MoU) on the expansion of banking ties between Iran and Kazakhstan. Furthermore, Belgium's KBC Bank and Germany's DZ Bank have started to handle European clients doing business in Iran.
  • International scheme providers such as MasterCard, JCB and China UnionPay (CUP) are gradually making inroads into Iran. In December 2015, MasterCard announced plans to enter Iran market once sanctions were lifted. It launched a channel on instant messaging app Telegram, through which it sends posts in Persian to attract Iranian consumers. In February 2016, the Central Bank of Iran announced that JCB credit cards would be issued in the country from the second half of 2016. The increasing presence of international issuers and schemes is expected to bring more investment and competition into the Iranian payment cards market.

Published By: Timetric
Product Code: Timetric2636


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • High Net Worth trends in China 2016

    Synopsis This report provides projections of the volume and wealth of China HNWIs. This includes demographic trends (2011-2015) and findings of the proprietary Wealth Insight HNWI Database. Summary This report is the result of Wealt...

  • The Cards and Payments Industry in Denmark: Emerging Trends and Opportunities to 2021

    Synopsis Timetric's 'The Cards and Payments Industry in Denmark: Emerging Trends and Opportunities to 2021' report provides detailed analysis of market trends in the Danish cards and payments industry. It provides values and volumes for a number of ...

  • Challenges and Opportunities for the Wealth Sector in China 2016

    Synopsis This report is a thorough analysis of China Wealth Management and Private Banking sector, and the opportunities and challenges that it faces. Summary This report is the result of WealthInsight's extensive research covering ...

  • HNWI Asset Allocation in China 2016

    Synopsis This report provides the latest asset allocations of China HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of China HNWIs to 2020 and a comprehensive and robust background of t...

  • Retail Banking Country Snapshot: Malaysia 2016

    Summary Malaysia is a mature market, albeit still developing in many aspects. Our research shows that the country's consumers are very similar to those in developed nations in terms of embracing the convenience brought to banking through digital pla...

  • Consumer Payments Country Snapshot: New Zealand 2016

    Summary The New Zealand market is small, and less densely populated outside of Auckland, making it challenging to service. It is thus essential that digital channels form the basis of issuers' strategies. At the core of the payment market is consume...

  • United States P2P Lending Market Report 2016

    Notes: Sales, means the sales volume of P2P Lending Revenue, means the sales value of P2P Lending This report studies sales (consumption) of P2P Lending in United States market, focuses on the top players, with sales, price, revenue and market s...

  • Global ATM Machine Market Research Report 2016

    Notes: Production, means the output of ATM Machine Revenue, means the sales value of ATM Machine This report studies ATM Machine in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufa...

  • Consumer Payments Country Snapshot: France 2016

    Summary The French consumer payments market is unlike many other developed markets in the Western world in that card holding is low, with fewer payment cards than people in 2015. France has a highly developed point of sale (POS) infrastructure as we...

  • Wealth in Switzerland: Sizing the Market Opportunity 2016

    Summary Switzerland is known for its high standard of living and well-developed private banking market, as well as a favorable tax system kept in check by each of the 26 Swiss cantons. These factors, along with the country's favorable level of econo...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: