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

Published: September 2016
No. of Pages: 49
    ReportsandReports

Synopsis

Timetric's 'The Cards and Payments Industry in Kuwait: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Kuwaiti 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 Kuwait: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Kuwaiti cards and payments industry, including:

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

Scope

This report provides a comprehensive analysis of the Kuwaiti cards and payments industry.

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

Key Highlights

  • The country has registered a gradual uptake of contactless technology. In February 2016, Al Ahli Bank launched the TapNGo contactless payment service for Visa premium credit cardholders. This service uses NFC technology and Visa's payWave contactless payment technology, allowing cardholders to wave or tap cards on a contactless payment terminal. In August 2015, Boubyan Bank launched Tap & Pay, a similar service which can be used to make contactless payments via Visa and MasterCard credit cards with built-in NFC technology.
  • Banks are increasingly focusing on innovation to offer improved products and services. In May 2016, Gulf Bank launched Blinking to Bank, a mobile banking app that uses biometric verification. Users can log in to the app either by blinking their eyes at their smartphone camera and using their fingerprint, or using a traditional password. The mobile banking app can be used for a range of services, including accessing personal accounts, adding and managing beneficiaries, setting up future-dated transactions and biometric verification for transfers. In July 2016, NBK launched an ATM service for visually impaired customers. The ATM has a special operating system which is similar to audio instructions, and provides operating tools for visually impaired customers. Users can conduct operations such as withdrawing cash and generating mini-statements.
  • Banks have modified and improved their product offerings, and have started offering Sharia-compliant payment cards. For instance, Kuwait Finance House launched the Sharia-compliant Visa Signature credit card in April 2015. Kuwait International Bank and Ahli United Bank also offer Sharia-compliant credit cards. To meet rising demand, many conventional banks are now converting into Islamic banks. CBK, for instance, converted into an Islamic bank in 2014, joining other banks such as Kuwait International Bank and Ahli United Bank.

Published By: Timetric
Product Code: Timetric2684


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:

  • Household Insurance in the UK - Key Trends and Opportunities to 2020

    Synopsis Timetric's 'Household Insurance in the UK - Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into UK household insurance, including: The UK household insurance business growth prosp...

  • Global Travel Insurance Industry 2016 Market Research Report

    The Global Travel Insurance Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Travel Insurance industry. The report provides a basic overview of the industry including definitions and classificat...

  • Professional Indemnity and D&O Insurance in the UK - Key Trends and Opportunities to 2020

    Synopsis Timetric's 'Professional Indemnity and D&O Insurance in the UK - Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into UK professional indemnity and D&O insurance, including: ...

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

    Synopsis Timetric's 'The Cards and Payments Industry in Cambodia: Emerging Trends and Opportunities to 2021' report provides top-level market analysis, information and insights into the Cambodian cards and payments industry, including: Current an...

  • Global Automotive Usage-Based Insurance Market 2017-2021

    The global automotive UBI market is at a nascent stage and has low penetration in the overall automotive insurance market. The market is seeing an influx of new players owing to its growth potential and the emergence of smartphone app technology in a...

  • Consumer Payments Country Snapshot: Sweden 2016

    Summary Sweden has the potential to become the world's first cashless society. The use of cash is declining quickly in Sweden and over half of all bank branches no longer deal with cash-based transactions. Payment cards are widely held and widely us...

  • Maximizing Direct-to-Consumer Opportunities in Insurance

    Synopsis Timetric's 'Insight Report: Maximizing Direct-to-Consumer Opportunities in Insurance' analyzes the emerging importance of the direct-to-consumer (D2C) channel in the insurance industry. It provides: An overview of the D2C c...

  • Retail Banking Country Snapshot: Italy 2016

    Summary The market for financial products in Italy is less concentrated than in other countries. With the exception of Intesa Sanpaolo and UniCredit, few providers have a significant market share. Across all products, the branch is still the key acq...

  • 2017: Trends to Watch in Global Wealth Management

    Summary The wealth management industry has been undergoing transformation since the financial crisis, and 2017 will be another year marked with changes to business models and the way providers interact with clients. Many trends observed in 2016 will...

  • Global Loan Servicing Market 2017-2021

    Loan servicing software functions as a complete loan servicing system, transaction processing and banking, investor accounting, collection management system, credit reporting software, and electronic funds automated clearing house (ACH) payments and ...


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: