Japan’s Cards and Payments Industry: Emerging Opportun
Published: March 2014 Single User PDF: US$ 3995 Corporate User PDF: US$ 7990
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Japan’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, S
As a result of the earthquake and tsunami of 2011, economic growth was badly affected and real GDP declined by -0.57%, however the cards and payments industry grew during the review period (2009-2013). This was due to a number of factors including a positive economic outlook, increased personal incomes, retail industry growth and the growth of contactless, secure payments and e-commerce. The Japanese card payments channel is acknowledged as one of the most technologically sophisticated channels in the world and was one of the early adopters of contactless technology. Its cards and payments industry recorded JPY2.0 trillion (US$25.1 billion) in contactless transactions in 2011. As a consequence, in January 2013, MasterCard announced that there was robust growth of contactless payments made on MasterCard-enabled cards in the Asia-Pacific region. To capitalize on this trend, the company has plans to deploy 410,000 contactless-enabled POS (point of sale) terminals, by the end of 2016.Japan has a large and growing economy, and with the high adoption of smartphones and rising consumer awareness of mobile technology, a rising volume of purchases and ticketing through mobile devices has anticipated a forecastperiod CAGR of 6.42%
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Japan’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, S
Scope This report provides a comprehensive analysis of Japan's cards and payments industry. It provides current values for Japan's cards and payments industry for 2013, and forecast figures for 2018. It details the different economic, infrastructural and business drivers affecting Japan'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 Japan's cards and payments industry. Reasons To Buy Make strategic business decisions using top-level historic and forecast market data related to Japan's cards and payments industry and each market within it. Understand the key market trends and growth opportunities within Japan's cards and payments industry. Inquire for Discount @ http://marketreportsstore.com/discount/?rname=8113 .
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Japan’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, S
Key Highlights During the review period, the number of cards in circulation in the channel increased at a compound annual growth rate (CAGR) of 2.94% to reach 980.9 million cards in 2013, while its value recorded a review-period CAGR of 3.45%, reaching JPY70.1 trillion (US$723.4 billion) in 2013. The Japanese card payments channel was mainly driven by strong growth in the prepaid cards category, which registered the highest review-period CAGR of 12.68%. The share of prepaid cards category in overall card payments channel increased from 15.9% in 2009 to 22.9% in 2013. In terms of number of cards in circulation, prepaid cards increased from 139.3 million in 2009 to 224.5 million in 2013. The charge cards category recorded the second-highest review-period CAGR of 2.55%, increasing from 7.4 million cards in 2009 to 8.2 million in 2013.
Complete report is available @ http://marketreportsstore.com/japans-cards-and-payments-industry-emerging-opportunities-trends-size .
Order this report by calling +1 888 391 5441 or Send an email to sales@marketreportsstore.com with your contact details and questions if any.