New Zealands Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

Published: Jun, 2014 | Pages: 102 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
The report provides top-level market analysis, information and insights on New Zealand's cards and payments industry, including:
Current and forecast values for each category of New Zealand's cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards
Comprehensive analysis of the industry's market attractiveness and future growth areas
Analysis of various market drivers and regulations governing New Zealand's cards and payments industry
Detailed analysis of the marketing strategies adopted for selling debit, credit, charge 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 New Zealand's cards and payments industry

Summary
The New Zealand card payments channel registered positive growth during the review period (2009-2013), recording a compound annual growth rate (CAGR) of 4.71% to reach 15.0 million cards in circulation by the end of 2013. In terms of transaction value, the card payments channel valued NZD86.3 billion (US$70.9 billion) in 2013, after registering a CAGR of 2.81% during the review period. Improved banking infrastructure and the increasing acceptance of card-based payments in merchant outlets were key factors for the growth of the card payments channel.
In terms of transaction value, debit cards accounted for the highest share during review period with 66.5% in 2013, and are expected to maintain this over the forecast period. The category is expected to grow at a forecast-period CAGR of 1.05% from NZD58.3 billion in 2014 to NZD60.8 billion in 2018. The second-highest share in terms of transaction value was held by credit cards with 27.7%, followed by charge cards with 5.5% and prepaid cards with 0.3%.
The number point of sale (POS) terminals in New Zealand recorded a review-period CAGR of 0.99%, and is expected to post a forecast-period CAGR of 3.12%. Transaction volumes and values for credit, debit and charge cards are growing more at POS terminals than at automatic teller machines (ATMs), indicating the rising adoption of electronic payments in New Zealand.
Card fraud in New Zealand increased at a review-period CAGR of 7.05%. The card-not-present fraud value posted the highest growth rate of 16.05% during the review period. Card ID theft value also increased during review period, while counterfeit card, and card lost or stolen fraud values fell.
Scope
This report provides a comprehensive analysis of New Zealand's cards and payments industry.
It provides current values for New Zealand's cards and payments industry for 2013, and forecast figures for 2018.
It details the different economic, infrastructural and business drivers affecting New Zealand'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 New Zealand's cards and payments industry.
Reason To Buy
Make strategic business decisions using top-level historic and forecast market data related to New Zealand's cards and payments industry and each market within it.
Understand the key market trends and growth opportunities within New Zealand's cards and payments industry.
Assess the competitive dynamics in New Zealand's cards and payments industry.
Gain insights in to the marketing strategies used for selling various card types in New Zealand.
Gain insights into key regulations governing New Zealand's cards and payments industry.

Key Highlights
The New Zealand card payments channel registered positive growth during the review period (2009-2013), recording a compound annual growth rate (CAGR) of 4.71% to reach 15.0 million cards in circulation by the end of 2013. In terms of transaction value, the card payments channel valued NZD86.3 billion (US$70.9 billion) in 2013, after registering a CAGR of 2.81% during the review period. Improved banking infrastructure and the increasing acceptance of card-based payments in merchant outlets were key factors for the growth of the card payments channel.
In terms of transaction value, debit cards accounted for the highest share during review period with 66.5% in 2013, and are expected to maintain this over the forecast period. The category is expected to grow at a forecast-period CAGR of 1.05% from NZD58.3 billion in 2014 to NZD60.8 billion in 2018. The second-highest share in terms of transaction value was held by credit cards with 27.7%, followed by charge cards with 5.5% and prepaid cards with 0.3%.
The number point of sale (POS) terminals in New Zealand recorded a review-period CAGR of 0.99%, and is expected to post a forecast-period CAGR of 3.12%. Transaction volumes and values for credit, debit and charge cards are growing more at POS terminals than at automatic teller machines (ATMs), indicating the rising adoption of electronic payments in New Zealand.
Card fraud in New Zealand increased at a review-period CAGR of 7.05%. The card-not-present fraud value posted the highest growth rate of 16.05% during the review period. Card ID theft value also increased during review period, while counterfeit card, and card lost or stolen fraud values fell.

 1 Executive Summary
2 Alysis of Industry Environment, Key Trends and Drivers
2.1 Payment Infrastructure and Emerging Technology
2.1.1 ATMs
2.1.2 POS termils
2.1.3 Internet penetration
2.1.4 Contactless technology
2.1.5 EMV
2.1.6 M-payments
2.2 Business Drivers
2.2.1 Growth of e-commerce
2.2.2 Retail sales value
2.3 Economic Drivers
2.3.1 Nomil GDP per capita
2.3.2 Real GDP growth
2.3.3 Inflation
3 Cards and Payments Industry Share Alysis
3.1 Industry Overview
3.1.1 Cash transactions
3.1.2 Checks
3.1.3 Direct debits
3.1.4 Credit transfers
3.1.5 Card transactions
4 Regulatory Framework and Card Fraud Statistics
4.1 Oversight of Payment Systems
4.2 Anti-Money Laundering Framework
4.2.1 Foreign direct investment (FDI) regulations
4.3 Card Fraud Statistics
4.3.1 Card-not-present fraud
4.3.2 Counterfeit card fraud
4.3.3 Lost or stolen card fraud
4.3.4 Card ID theft
5 Emerging Consumer Attitudes and Trends
5.1 Market Segmentation and Targeting
5.1.1 Retail segment
5.1.2 Corporate segment
5.2 Travel and Tourism Spending
5.2.1 Outbound tourist volumes
5.2.2 Outbound tourist spending
5.3 Retail Card Spending
5.3.1 Alysis by product categories
5.3.2 Alysis by retail channels
6 Alysis of Card Payments and Growth Prospects
6.1 Channel Share Alysis by Card Category
6.2 Size and Forecast of the Card Payments Channel
6.2.1 Alysis by volume of cards in circulation
6.2.2 Alysis by transaction value
7 Alysis of Credit Card Payments and Growth Prospects
7.1 Overall Category Size and Forecast
7.1.1 Alysis by volume of cards in circulation
7.1.2 Alysis by transaction value
7.1.3 Alysis by transaction volume
7.2 Transaction Share Alysis by Channel
7.2.1 Alysis by transaction value
7.2.2 Alysis by transaction volume
7.3 Persol Credit Cards Size and Forecast
7.3.1 Alysis by volume of cards in circulation
7.3.2 Alysis by transaction value
7.3.3 Alysis by transaction volume
7.4 Commercial Credit Cards Size and Forecast
7.4.1 Alysis by number of cards in circulation
7.4.2 Alysis by transaction value
7.4.3 Alysis by transaction volume
7.5 Competitive Landscape
7.5.1 Scheme share alysis
7.5.2 Issuer share alysis
8 Alysis of Debit Card Payments and Growth Prospects
8.1 Overall Category Size and Forecast
8.1.1 Alysis by volume of cards in circulation
8.1.2 Alysis by transaction value
8.1.3 Alysis by transaction volume
8.2 Transaction Share Alysis by Channel
8.2.1 Alysis by transaction value
8.2.2 Alysis by transaction volume
8.3 Competitive Landscape
8.3.1 Scheme share alysis
8.3.2 Issuer share alysis
9 Alysis of Charge Card Payments and Growth Prospects
9.1 Overall Category Size and Forecast
9.1.1 Alysis by volume of cards in circulation
9.1.2 Alysis by transaction value
9.1.3 Alysis by transaction volume
9.2 Transaction Share Alysis by Channel
9.2.1 Alysis by transaction value
9.2.2 Alysis by transaction volume
9.3 Persol Charge Cards Size and Forecast
9.3.1 Alysis by number of cards in circulation
9.3.2 Alysis by transaction value
9.3.3 Alysis by transaction volume
9.5 Commercial Charge Cards Size and Forecast
9.5.1 Alysis by volume of cards in circulation
9.5.2 Alysis by transaction value
9.5.3 Alysis by transaction volume
9.6 Competitive Landscape
9.6.1 Scheme share alysis
10 Alysis of Prepaid Card Payments and Growth Prospects
10.1 Overall Category Size and Forecast
10.1.1 Alysis by volume of cards in circulation
10.1.2 Alysis by transaction value
10.2 Open-Loop Prepaid Cards Segment Size and Forecast
10.2.1 Alysis by number of cards in circulation
10.2.2 Alysis by transaction value
10.3 Closed-Loop Prepaid Cards Segment Size and Forecast
10.3.1 Alysis by volume of cards in circulation
10.3.2 Alysis by transaction value
11 Merchant Acquiring
12 Company Profiles of Card Issuers
12.1 ANZ Bank New Zealand
12.1.1 Key fincials
12.1.2 Card portfolio
12.1.3 Strategies
12.2 Bank of New Zealand
12.2.1 Key fincials
12.2.2 Card portfolio
12.2.3 Strategies
12.3 Westpac New Zealand
12.3.1 Key fincials
12.3.2 Card portfolio
12.3.3 Strategies
12.4 ASB Bank New Zealand
12.4.1 Key fincials
12.4.2 Card portfolio
12.4.3 Strategies
12.5 Kiwibank New Zealand
12.5.1 Key fincials
12.5.2 Card portfolio
12.5.3 Strategies
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric's Services
13.5 Definitions
13.6 Disclaimer


List of Tables
Table 1: New Zealand Payment Channels (NZD Billion), 2009-2013
Table 2: Market Entry Strategies of Foreign Banks in New Zealand
Table 3: New Zealand Card Fraud (NZD Million), 2009-2013
Table 4: Specialized Cards for Frequent Travelers
Table 5: Specialized Cards for Premium Customers
Table 6: Specialized Cards for Debt Conscious Customers
Table 7: Specialized Cards for Business Magers and Entrepreneurs
Table 8: New Zealand Card Spending by Retail Product Category (NZD Million), 2008-2012
Table 9: New Zealand Card Spending by Retail Channel (NZD Million), 2008 and 2012
Table 10: New Zealand Card Payments Channel by Card Category (Thousand), 2009-2018
Table 11: New Zealand Card Payments Channel Size by Volume of Cards (Million), 2009-2018
Table 12: New Zealand Card Payments Channel Size by Transaction Value (NZD Billion), 2009-2018
Table 13: New Zealand Card Payments Channel Size by Transaction Value (US$ Billion), 2009-2018
Table 14: New Zealand Credit Cards Category Size by Volume of Cards (Thousand), 2009-2018
Table 15: New Zealand Credit Cards Category Size by Transaction Value (NZD Billion), 2009-2018
Table 16: New Zealand Credit Cards Category Size by Transaction Value (US$ Billion), 2009-2018
Table 17: New Zealand Credit Card Category Size by Transactions Volume (Million), 2009-2018
Table 18: New Zealand Persol Credit Cards Segment Size by Volume of Cards (Thousand), 2009-2018
Table 19: New Zealand Persol Credit Cards Segment Size by Transaction Value (NZD Billion), 2009-2018
Table 20: New Zealand Persol Credit Cards Segment Size by Transaction Value (US$ Billion), 2009-2018
Table 21: New Zealand Persol Credit Cards Segment Size by Transactions Volume (Million), 2009-2018
Table 22: New Zealand Commercial Credit Cards Segment Size by Volume of Cards (Thousand), 2009-2018
Table 23: New Zealand Commercial Credit Cards Segment Size by Transaction Value (NZD Million), 2009-2018
Table 24: New Zealand Commercial Credit Cards Segment Size by Transaction Value (US$ Million), 2009-2018
Table 25: New Zealand Commercial Credit Cards Segment Size by Transactions Volume (Million), 2009-2018
Table 26: New Zealand Debit Cards Category Size by Volume of Cards (Million), 2009-2018
Table 27: New Zealand Debit Cards Category Size by Transaction Value (NZD Billion), 2009-2018
Table 28: New Zealand Debit Cards Category Size by Transaction Value (US$ Billion), 2009-2018
Table 29: New Zealand Debit Cards Category Size by Transactions Volume (Million), 2009-2018
Table 30: New Zealand Charge Cards Category Size by Volume of Cards (Thousand), 2009-2018
Table 31: New Zealand Charge Cards Category Size by Transaction Value (NZD Billion), 2009-2018
Table 32: New Zealand Charge Cards Category Size by Transaction Value (US$ Billion), 2009-2018
Table 33: New Zealand Charge Cards Category Size by Transactions Volume (Million), 2009-2018
Table 34: New Zealand Persol Charge Cards Segment Size by Volume of Cards (Thousand), 2009-2018
Table 35: New Zealand Persol Charge Cards Segment Size by Transaction Value (NZD Million), 2009-2018
Table 36: New Zealand Persol Charge Cards Segment Size by Transaction Value (US$ Million), 2009-2018
Table 37: New Zealand Persol Charge Cards Segment Size by Transactions Volume (Million), 2009-2018
Table 38: New Zealand Commercial Charge Cards Segment Size by Volume of Cards (Thousand), 2009-2018
Table 39: New Zealand Commercial Charge Cards Segment Size by Transaction Value (NZD Billion), 2009-2018
Table 40: New Zealand Commercial Charge Cards Segment Size by Transaction Value (US$ Billion), 2009-2018
Table 41: New Zealand Commercial Charge Cards Segment Size by Transactions Volume (Million), 2009-2018
Table 42: New Zealand Prepaid Cards Category Size by Volume of Cards (Million), 2009-2018
Table 43: New Zealand Prepaid Cards Category Size by Transaction Value (NZD Million), 2009-2018
Table 44: New Zealand Prepaid Cards Category Size by Transaction Value (US$ Million), 2009-2018
Table 45: New Zealand Open-Loop Prepaid Cards Segment Size by Volume of Cards (Thousand), 2009-2018
Table 46: New Zealand Open-Loop Prepaid Cards Segment Size by Transaction Value (NZD Million), 2009-2018
Table 47: New Zealand Open-Loop Prepaid Cards Segment Size by Transaction Value (US$ Million), 2009-2018
Table 48: New Zealand Closed-Loop Prepaid Cards Segment Size by Volume of Cards (Million), 2009-2018
Table 49: New Zealand Closed-Loop Prepaid Cards Segment Size by Transaction Value (NZD Million), 2009-2018
Table 50: New Zealand Closed-Loop Prepaid Cards Segment Size by Transaction Value (US$ Million), 2009-2018
Table 51: ANZ Bank New Zealand - Key Fincial Indicators (NZD Million), Years Ended September 2012 and 2013
Table 52: ANZ Bank New Zealand - Card Product Offerings and Key Features
Table 53: BNZ - Key Fincial Indicators (NZD Billion), Years Ended September 2012 and 2013
Table 54: BNZ - Card Product Offerings and Key Features
Table 55: Westpac New Zealand - Key Fincial Indicators (NZD Billion), Year Ended September 2012 and 2013
Table 56: Westpac New Zealand - Card Product Offerings and Key Features
Table 57: ASB Bank New Zealand - Key Fincial Indicators (NZD Million), Years Ended June 2012 and 2013
Table 58: ASB Bank New Zealand - Card Product Offerings and Key Features
Table 59: Kiwibank New Zealand - Key Fincial Indicators (NZD Million), Years Ended June 2012 and 2013
Table 60: Kiwibank New Zealand - Card Product Offerings and Key Features
Table 61: Key Definitions