Pulished Date October, 2018
ID: 6703
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Philippines Cards And Payments Market - By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS And ATM's), By Payment Instruments (Credit Transfers, Direct Debit, Cheques And Payment Cards) - Transaction Value, Volumes, Historical Trends, Analysis And Forecasts (2018-2022)

Pulished: October, 2018
ID: 6703
Pages: 85

Report Summary:

Market Data Forecast’s "Philippines Cards And Payments Market" report offers a distinct range of possibilities in the market of payment cards along with the accurately validated statistics of operational cards in the market and their total transactional values. It suggests profitable marketing strategies considering the competitive landscape in the market, purchase trends, payments options in online trade and significant government frameworks impacting the overall payment cards market of Philippines.

Our report kindles the hidden opportunities with dependable information about different types of cash transactions, volumes of cardholders, market proportion, current accounts, increase within the number of cards, credit cards outstanding balances, transactional values, details of the issuers at the side of available banking schemes and futuristic analysis of overall cards and payment marketplace in Philippines.

Philippines Cards and Payments Market – Key Highlights:

The Bangko Sentral ng Philippines introduced a batch-based electronic credit transfer system called Philippine EFT System and Operations Network (PESONet), offering business-to-business (B2B), customer-to-business (C2B), government-to-government (G2G), and person-to-government (P2G) transactions in the country. It is the first automated clearing house in the Philippines under the National Retail Payment System (NRPS) without any electronic crediting fees.

As of November 2017, a total of 33 BSP-supervised financial institutions and other non-bank electronic money issuers had integrated with PESONet. Furthermore, BSP is working on the implementation of 24/7 low-value electronic fund transfer system InstaPay, which is due to launch in 2018.

The introduction of Philippine Credit Card Industry Regulation Law allocated powers to BSP to take care of credit card issuers and acquirers in the Philippines mandating customer identification and due diligence procedures before card issuance to control unfair practices and promote the credit card market.

The strict regulation to migrate to EMV chip cards from the conventional magnetic stripe by BSP to align with international payment card standards. Following this, BancNet signed an agreement with Visa in February 2015 to accelerate the migration to EMV chip cards for all domestic transactions. In addition to cards, the migration process ensures that ATMs and POS terminals are compliant with EMV standards.

Some of the Dominating players in the Market:

  • Land Bank of the Philippines
  • Banco de Oro
  • BPI
  • Metrobank
  • Rizal Commercial Banking Corporation
  • Citibank
  • EastWest Bank
  • BancNet
  • Megalink

Key Questions Answered by the report

  • What is the market size of the Philippines Cards and Payments market?
  • What are the major operators and issuers in the Philippines?
  • What is the current state of emerging payment technologies?

Reasons to Purchase this report

  • Track key industry trends, opportunities and threats related to the Philippines cards and payments industry and each market within it.
  • Gain insights into the competitive landscape of card issuers for both, debit cards and pay later cards.
  • Gain insights into marketing strategies used by market players for various card types in the Philippines.
  • Gain insights into key regulations governing the Philippines cards and payments market
  1. Definitions
  2. Research Methodology
    1. Research Process
      1. Market Sizing
      2. Competitor Analysis
      3. Market Forecasting
      4. Quality Control Process
  3. Executive Summary
  4. Industry Benchmarking
  5. Market Attractiveness
  6. Industry Enablers
    1. Emerging Payment Technologies
    2. Growing E-commerce Market
      1. E-commerce Mix by Payment Method
    3. EMV Migration
    4. Contactless Cards
  7. Regulatory Framework
  8. Key Industry Events
  9. Merchant Acquiring Business Overview
    1. Business Overview & Key Operators
    2. Regulatory Framework
    3. Technological Changes
  10. Market Segmentation
    1. Cards for Students
    2. Cards for Travelers
    3. Cards for High-income Customers
    4. Cards for Frequent Shoppers
  11. Market Sizing
    1. Debit Cards Market Overview
      1. Scheme Providers
      2. Key Issuers
    2. Pay Later Cards Market Overview
      1. Scheme Providers
      2. Key Issuers
    3. Payment Terminals Market
    4. Payment Instruments Market
  12. Key Operators in the Market
    1. Land Bank of the Philippines
      1.  Company Snapshot
      2. SWOT Analysis
      3. Cards Portfolio
      4. Banco de Oro
    2. Company Snapshot
      1. SWOT Analysis
      2. Cards Portfolio
    3. BPI
      1. Company Snapshot
      2. SWOT Analysis
      3. Cards Portfolio
    4. Metrobank
      1. Company Snapshot
      2. SWOT Analysis
      3. Cards Portfolio
      4. Rizal Commercial Banking Corporation
    5. Company Snapshot
      1. SWOT Analysis
      2. Cards Portfolio
    6. Citibank
    7. EastWest Bank
    8. BancNet
    9. Megalink
    10. Visa
    11. Mastercard
    12. JCB
    13. American Express
  13.  Appendix
    1. Total Cards Market Stats
    2. Debit Cards Market Stats
      1. Debit Cards Use at Payment Terminals
      2. Debit Cards Market – Scheme Providers Data
    3. Pay Later Cards Market Stats
      1. Pay Later Cards Use at Payment Terminals
      2. Pay Later Cards Market – Scheme Providers Data
    4. Payment Terminals Data
    5. Payment Instruments Data
  • This report provides an inclusive analysis of the Philippines cards and payments market.
  • It provides current values for the Philippines cards and payments market for 2018 and forecast figures for 2022.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Philippines cards and payments market

Philippines Cards and Payments market

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