The Cards and Payments Industry in Lebanon: Emerging Trends and Opportunities To 2020: Ken Research

The Cards and Payments Industry in Lebanon: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Lebanese 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 Lebanon: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Lebanese cards and payments industry, including:
Current and forecast values for each market in the Lebanese cards and payments industry, including debit card, credit and charge cards.
Detailed insights into payment instruments including check payments 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 Lebanese 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 Lebanese cards and payments industry.

Scope
This report provides a comprehensive analysis of the Lebanese cards and payments industry.
It provides current values for the Lebanese cards and payments industry for 2015, and forecast figures to 2020.

It details the different demographic, economic, infrastructural and business drivers affecting the Lebanese 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 Lebanese cards and payments industry and each market within it.
Understand the key market trends and growth opportunities in the Lebanese cards and payments industry.

Assess the competitive dynamics in the Lebanese cards and payments industry.
Gain insights into marketing strategies used for various card types in Lebanon.
Gain insights into key regulations governing the Lebanese cards and payments industry.

Key Highlights
To prevent money laundering and the misuse of prepaid cards, Banque du Liban (the central bank of Lebanon) issued a circular in March 2016, directing banks and financial institutions to discontinue issuing and marketing prepaid cards. However, this circular was amended in May 2016, allowing banks to issue prepaid cards only to accountholders. International issuers are also allowed to issue prepaid cards, with the central bank's approval.

The United Nations High Commissioner for Refugees (UNHCR) launched the Multipurpose Cash Assistance Program (MCAP) in August 2014, to serve the increasing Syrian refugee population, which stood at around 1.1 million in February 2016. By May 2015, 12,807 refugee families were offered cash assistance via payment cards issued through this program by CSC. Similarly, the Lebanon Cash Consortium (LCC) partnered with the World Food Program (WFP) in December 2014, to launch the OneCard electronic payment card. This card can be used for ATM cash withdrawals, as well as in-store payments at partner retailers.

To offer easier access to banking service, Bank Audi launched its Novo branch in December 2014. This branch offers interactive teller machines (ITMs) and an ultra-modern space catering to consumers' financial needs. An ITM offers live video assistance, and can be used by consumers to manage bank accounts, deposit and withdraw cash, deposit and cash checks, transfer money and pay bills. The bank also offers a Novo advisory room which can be used to open bank accounts and instantly obtain debit cards. The Novo branch is open 365 days a year, and is expected to provide a convenient and interactive banking experience to consumers.

Source: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/cards-payments-industry-lebanon/55790-93.html

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Performance of Retail Banking Sector is Reflection of Settled Economy in Singapore: Ken Research

• Singapore's economy has been ranked as the most open in the world with a very low tax rates.
• MAS has liberalised the regional banking and insurance market to huge foreign involvement. At the same time, the MAS has also adopted a more open and consultative approach in its supervision
• Singapore’s mortgage market is expected to grow strongly

Ken research has announced its latest publication titled “Retail Banking Country Snapshot: Singapore 2016”, which offers insight on retail banking sector in Singapore, which is highly concentrated upon the current account, savings, mortgage, and personal loans markets which includes both market-level data and information from global retail banking insight survey. Furthermore, the report offers an in-depth analysis of consumer approach towards the financial sector and how it has evolved over a period of time including who are dominating the market and what factors persuaded them to make such decisions. Likewise it includes the shrewd investigation of the extent of consumers using internet and mobile channels to do their research on financial products. This report will help you learn the impacts which new incumbent and distribution channels will have on the market along with other specific details.
Singapore has a developed commerce-oriented market economy. Singapore's economy has been ranked as the most open in the world, 7th minimum corrupt, most pro-business, with a very low tax rates. From 2000 to 2010, the GDP of Singapore almost doubled, elevating from S$163 billion to S$304 billion. Real GDP per capita also went up profoundly at a compounded rate of nearly 12% p.a., but inflation and unemployment rates averaged less than 2% p.a. and 3% p.a. respectively during the same period.
A set of profound macroeconomic policies aimed at delivering a conducive environment for long-term investment in the economy. Fiscal policy is directed majorly at enhancing long-term economic growth, rather than cyclical changes or disseminating income. The result of the Singapore’s healthy fiscal position and stagnant budget surpluses over the period of time, Singapore has achieved a high level of foreign reserves and the robust sovereign credit rating for long-term foreign-currency debt in Asia.
Singapore's longer-term economic strategies and regulations are consistently re-examined to accept to changing challenges and priorities over time. Presently, there are concentrated measures in place to grow Singapore as a global-class financial centre such as, the MAS has liberalised the regional banking and insurance market to huge foreign involvement. At the same time, the MAS has also adopted a more open and consultative approach in its supervision and growth of the financial segment, and has relocated the emphasis from regulation to risk-focused supervision.
Customers in Singapore put a high value on trust in relationships with financial services providers, which also vastly influence their choice of provider. Advocacy among customer is less and Singaporeans doesn’t indulge to pay much attention to recommendations when taking a decision on a provider or product.
Singaporeans comparatively have high intention to save, unlike consumers in other markets who are not inclined to choose their previous current account provider for their savings account.  Mortgage product features generally includes payment holidays and the ability to offset against savings, reflecting socio-cultural attitudes of self-reliance and individual responsibility and the high level of saving among consumers.
Generally, Singaporeans tends to use local financial services providers, which is an impediment for foreign banks.  In any case, loans are the only product where Singaporeans are not concerned about the origin of the provider.  This is reflected from the fact that Citibank holds 11% of loans that are issued by traditional banks with a branch presence.
Topics covered in the Report

• Retail banking research report in Singapore
• Singapore retail banking Market
• Global retail banking industry
• Retail banking industry in Singapore
• Cards and Payment industry in Singapore
• Mobile payment market Singapore
• Singapore bill Payment Market Research
• Singapore Money Remittance Industry
• Alternative payment methods in Singapore
• Global Payment Industry Research Report

To know more on the coverage, tap on the link underneath:
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/retail-banking-country-snapshot-singapore-2016/58931-93.html
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Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204