South Africa Cards and Payments Industry 2014 and forecast to 2018 by Market Research Store report provides top-level market analysis, information and insights into South Africa's cards and payments industry, including:
Current and forecast values for each category of South Africa's cards and payments industry, including debit cards, credit cards and prepaid cards
Comprehensive analysis of the industry’s market attractiveness and future growth areas
Analysis of various market drivers and regulations governing South Africa's cards and payments industry
Detailed analysis of the marketing strategies adopted for selling debit, credit and prepaid cards used by banks and other institutions in the market
Comprehensive analysis of consumer attitudes and buying preferences for cards
The competitive landscape of South Africa's cards and payments industry
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Executive summary
The South African card payments channel registered growth during the review period (2009–2013). The number of cards in circulation recorded a review-period CAGR of 17.60%. The country’s positive economic outlook, the demand for more sophisticated prepaid and charge card products and the growth of online shopping supported the growth of the card payments channel. Over the forecast period (2014-2018), the channel is expected to increase at a CAGR of 7.60%, as consumers move away from cash payments. During the review period, the South African card payments channel grew in both volume and value terms. In terms of the volume of cards in circulation, debit cards accounted for the largest channel share of 58.0% in 2013, followed by prepaid cards with 26.0%.
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