colombia's cards and payments industry: emerging opportunities, trends, size, drivers,...
TRANSCRIPT
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Colombia's Cards and Payments
Industry: Emerging Opportunities,
Trends, Size, Drivers, Strategies, Products
and Competitive Landscape
Category : Banking & Finance
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Introduction to Report
Launch Date: December 30, 2014
Number of Pages: 85
Geography Coverage: Colombia
Available Format: PDF
Price For Single User License: USD 3,995
Price For Site User License: USD 7,990
Price For Global User License: USD 11,985
Delivery Time: Within 24 Hours (During Working Days)
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About the Report
The report provides top-level market analysis, information and insights into Colombia's cards and payments industry.
In 2013, Colombia surpassed Argentina to become the third-largest economy in Latin America and was the fourth-highest recipient of foreign direct investment (FDI), with US$17.0 billion in the same year. Of the total population of 47.2 million, however, the unbanked population accounted for nearly 35% of the adult population in 2013, according to the Colombian Banking Association.
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Key Highlights
In terms of the number of cards in circulation, Colombian payment cards (including debit and credit cards) registered a positive growth during the review period, recording a compound annual growth rate (CAGR) of 8.05% and increasing from 22.6 million in 2009 to 30.8 million in 2013.
Growth in the industry is expected to be driven by growth in the retail sector, an increasing demand for debit and credit cards, a better regulatory framework, an increasing market for online and mobile commerce and a positive economic outlook.
In 2013, the average transaction value (ATV) in Colombia was US$121, which was the second-highest in the Latin-American region.
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Key Highlights Continues…
Peru recorded the highest ATV with US$144.3, followed by Chile (US$82.4), Venezuela (US$71.4), Brazil (US$69.6) and Argentina (US$50).
Similarly, in terms of card penetration, Colombia recorded 0.7 cards per inhabitant in 2013, while Brazil, Argentina, Chile, Venezuela and Peru recorded 2.6, 1.4, 1.3, 1.1 and 0.6 respectively.
In terms of the frequency of use, Colombia recorded 28.7 transactions per card in the same year, while Venezuela, Argentina, Chile, Peru and Brazil recorded respective numbers of 61.2, 42.3, 37.6, 30.2 and 23.7.
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Key Highlights Continues…
Colombian payment cards grew both in terms of transaction value and volume during the review period. In terms of transaction value, payment cards posted a CAGR of 10.10%, increasing from COP136.9 trillion (US$63.4 billion) in 2009 to COP201.1 trillion (US$105.9 billion) in 2013.
It is anticipated that this value will increase at a CAGR of 3.91% over the forecast period, to reach COP246.3 trillion (US$137 billion) in 2018.
In terms of transaction volume, payment cards increased from 636.2 million in 2009 to 885.2 million in 2013, at a review-period CAGR of 8.61%.
It is expected to reach 1.1 billion transactions in 2018, growing at a CAGR of 4.10% over the forecast period.
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Scope
This report provides a comprehensive analysis of Colombia's cards and payments industry.
It provides current values for Colombia's cards and payments industry for 2013, and forecast figures for 2018.
It details the different economic, infrastructural and business drivers affecting Colombia's cards and payments industry.
It outlines the current regulatory framework in the industry.
It details the marketing strategies used by various banks and other institutions.
It profiles the major banks in Colombia's cards and payments industry.
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Report Coverage
1. Introduction Key Facts and Top Events2. Executive Summary3. Payment Instruments4. Market Attractiveness and Future Prospects of Cards
and Payments5. Analysis of Cards and Payments Industry Drivers6. Emerging Consumer Attitudes and Trends7. Payment Cards, Debit Cards, Credit Cards8. Commercial Cards9. Regulations in the Cards and Payments Industry10. Card Fraud Statistics11. Card Issuers12. Card Schemes13. Prepaid Cards14. Appendix
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Company Coverage
1. Bancolombia2. Banco Davivienda3. BBVA Colombia4. Banco de Bogotá5. Banco Caja Social6. Banco Colpatria7. Citibank8. MasterCard9. Visa10. Diners Club11. American Express
For more details regarding Report coverage see the last slide
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