Oman's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

Published: Mar, 2015 | Pages: 73 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
Timetric’s “Oman’s Cards and Payments Industry, Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report provides detailed analysis of market trends in Oman’s cards and payments industry. It provides values and volumes of a number of Key Performance Indicators (KPIs) operating in the industry, including check payments, credit transfers and payment cards during the review period (2009-2013).

The report also analyses various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and transaction volume, during the review period and over the forecast period (2014-2018). Additionally, it offers information pertaining to the competitive landscape in the country, including market shares of issuers and schemes.

This brings together Timetric’s research, modeling, and analysis expertise, to develop an insightful report. This allows banks and card issuers to identify segment dynamics, competitive advantage and profiles of card issuers operating in the country. The report also covers a detailed regulatory policies and recent changes in regulatory structure and information, on card fraud statistics.

Summary
The report provides top-level market analysis, information and insights into Oman's cards and payments industry, including:

• Current and forecast values for each category of Oman'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 Oman's cards and payments industry.

• Detailed analysis of 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 Oman's cards and payments industry.

Scope
• This report provides a comprehensive analysis of Oman's cards and payments industry.

• It provides current values for Oman's cards and payments industry for 2013, and forecast figures for 2018.

• It details the different economic, infrastructural and business drivers affecting Oman'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 major banks in Oman's cards and payments industry.

Reason To Buy
• Make strategic business decisions, using top-level historic and forecast market data, related to Oman's cards and payments industry and each market within it.

• Understand the key market trends and growth opportunities within Oman's cards and payments industry.

• Assess the competitive dynamics in Oman's cards and payments industry.

• Gain insights into marketing strategies used for selling various card types in Oman.

• Gain insights into key regulations governing of Oman's cards and payments industry.

Key Highlights
• Checks and credit transfers were the preferred payment instruments, having a combined industry share of XX.X% in 2013, in terms of transaction value. The share of payment cards is increasing, as banks and the government are increasing benefits and awareness levels among consumers and merchants, as well as encouraging customers to use cashless transactions.

• Debit cards remained the preferred payment card during the review period, in terms of transaction value, growing from OMRX.X billion (US$X.X billion) in 2009 to OMRX.X billion (US$X.X billion) in 2013, at a CAGR of XX.XX%.

• The CBO has appealed to the country’s residents to use non-cash payments as often as possible, including salary and other routine payments or withdrawals. To support this, the National e-Payment Gateway system was introduced in July 2012 in association with MasterCard as an electronic payment gateway service that offers payment services for the e-commerce industry, promoting online business and enabling consumers to shop and pay bills online.

 Table of Content

1 Key Facts and Events

2 Executive Summary

3 Payment Instruments
3.1 Current Payments Environment
3.2 Alternative Payment Instruments
3.2.1 Skrill
3.2.2 ClickandBuy
3.2.3 Click2Pay
3.2.4 PayPal
3.2.5 CashU

4 Market Attractiveness and Future Prospects of Cards and Payments

5 Analysis of Cards and Payments Industry Drivers
5.1 Demographic Drivers
5.2 Economic Drivers
5.3 Infrastructure Drivers
5.4 Business Drivers
6 Emerging Consumer Attitudes and Trends
6.1 Market Segmentation and Targeting
6.1.1 Consumer cards
6.1.2 Commercial cards
6.2 New Product Launches
6.3 Travel Spending
6.3.1 Outbound trips volume and spending
6.3.2 Inbound trips volume and spending

7 Payment Cards
7.1 Payment Cards Analysis
7.1.1 Number of cards in circulation by card type
7.1.2 Transaction volume by card type
7.1.3 Transaction value by card type
7.1.4 Personal vs commercial cards

8 Debit Cards
8.1 Debit Cards Market Analysis
8.1.1 Number of debit cards in circulation
8.1.2 Debit cards transaction volume by channel
8.1.3 Debit cards transaction value by channel
8.1.4 Number of debit cards in circulation by scheme
8.1.5 Debit cards transaction value by scheme
8.1.6 Debit card issuers’ market shares
8.1.7 Debit cards comparison

9 Credit Cards
9.1 Credit Cards Market Analysis
9.1.1 Number of credit cards in circulation
9.1.2 Credit cards transaction volume by channel
9.1.3 Credit cards transaction value by channel
9.1.4 Number of credit cards in circulation by scheme
9.1.5 Credit cards transaction value by scheme
9.1.6 Credit card issuers’ market shares
9.1.7 Credit cards comparison

10 Commercial Cards
10.1 Commercial Card Market Analysis
10.1.1 Number of commercial cards in circulation
10.1.2 Commercial card transaction values
10.1.3 Commercial cards comparison

11 Regulations in the Cards and Payments Industry
11.1 Regulatory Framework
11.2 Anti-Money Laundering (AML)
11.3 Foreign Direct Investment (FDI) Regulations

12 Card Fraud Statistics
12.1 Card Fraud Analysis

13 Card Issuers
13.1 Bank Muscat
13.2 National Bank of Oman
13.3 Bank Dhofar
13.4 HSBC Bank Oman
13.5 Standard Chartered Bank

14 Card Schemes
14.1 Visa
14.2 MasterCard

15 Appendix
15.1 Tables
15.2 Methodology
15.3 Contact Timetric
15.4 About Timetric
15.5 Timetric’s Services
15.6 Definitions
15.7 Disclaimer

List of Tables
Table 1: Oman – Key Facts, 2013
Table 2: Regional Benchmarking of Oman Payment Cards Instrument, 2013
Table 3: Cards for High-Income Consumers
Table 4: Cards for Students and the Young Population
Table 5: Cards for Online Shoppers
Table 6: Cards for the Female Population
Table 7: Cards for Frequent Travelers
Table 8: Oman – Commercial Cards Comparison and Key Features
Table 9: Oman – New Product Launches
Table 10: Regional Benchmarking of Omani Debit Cards, 2013
Table 11: Oman – Debit Card Comparisons and Key Features
Table 12: Regional Benchmarking of Omani Credit Cards, 2013
Table 13: Oman – Gold Credit Card Comparisons and Key Features
Table 14: Oman – Premium Credit Card Comparisons and Key Features
Table 15: Oman – Commercial Cards Comparison and Key Features
Table 16: Oman – Market Entry Strategies of Foreign Banks
Table 17: Oman – Payment Instrument Transaction Values (OMR Million), 2009–2013
Table 18: Oman – Payment Instrument Transaction Values (US$ Billion), 2009–2013
Table 19: Oman – Payment Instrument Transaction Volumes (Million), 2009–2013
Table 20: Oman – Number of Cards in Circulation by Card Types (Million), 2009–2018
Table 21: Oman – Transaction Volume by Card Type (Million), 2009–2018
Table 22: Oman – Transaction Value by Card Type (OMR Billion), 2009–2018
Table 23: Oman – Transaction Value by Card Type (US$ Billion), 2009–2018
Table 24: Oman – Personal and Commercial Card Transaction Values (OMR Million), 2009–2018
Table 25: Oman – Personal and Commercial Card Transaction Values (US$ Million), 2009–2018
Table 26: Oman – Number of Debit Cards in Circulation (Million), 2009–2018
Table 27: Oman – Debit Card Transaction Volumes and Frequency by Channel, 2009–2018
Table 28: Oman – Debit Card Total and Average Transaction Values by Channel, 2009–2018
Table 29: Oman – Debit Card Total and Average Transaction Values by Channel, 2009–2018
Table 30: Oman – Number of Debit Cards in Circulation by Scheme (Million), 2009–2013
Table 31: Oman – Debit Card Transaction Values by Scheme (OMR Billion), 2009–2013
Table 32: Oman – Debit Card Transaction Values by Scheme (US$ Billion), 2009–2013
Table 33: Oman – Debit Card Transaction Values by Issuer (OMR Million), 2009–2013
Table 34: Oman – Debit Card Transaction Values by Issuer (US$ Million), 2009–2013
Table 35: Oman – Number of Credit Cards in Circulation (Million), 2009–2018
Table 36: Oman – Credit Card Transaction Volumes and Frequency by Channel, 2009–2018
Table 37: Oman – Credit Card Total and Average Transaction Values by Channel, 2009–2018
Table 38: Oman – Credit Card Total and Average Transaction Values by Channel, 2009–2018
Table 39: Oman – Number of Credit Cards in Circulation by Scheme (Thousand), 2009–2013
Table 40: Oman – Credit Card Transaction Values by Scheme (OMR Million), 2009–2013
Table 41: Oman – Credit Card Transaction Values by Scheme (US$ Million), 2009–2013
Table 42: Oman – Credit Card Transaction Values by Issuer (OMR Million), 2009–2013
Table 43: Oman – Credit Card Transaction Values by Issuer (US$ Million), 2009–2013
Table 44: Oman – Credit Card Balances Outstanding by Issuer (OMR Million), 2009–2013
Table 45: Oman – Credit Card Balances Outstanding by Issuer (US$ Million), 2009–2013
Table 46: Oman – Number of Commercial Cards in Circulation (Thousand), 2009–2018
Table 47: Oman – Commercial Card Transaction Values (OMR Million), 2009–2018
Table 48: Oman – Commercial Card Transaction Values (US$ Million), 2009–2018
Table 49: Oman – Commercial Credit Cards, 2009–2018
Table 50: Oman – Card Fraud (OMR Million), 2009–2013
Table 51: Oman – Card Fraud (US$ Million), 2009–2013
Table 52: Key Definitions

List of Figures
Figure 1: Oman – Payment Instruments Shares by Transaction Value (%), 2009 and 2013
Figure 2: Oman – Payment Instrument Shares by Transaction Volume (%), 2009 and 2013
Figure 3: Oman – Payment Cards Transaction Value and Growth, 2009–2018
Figure 4: Oman – Total Population (Million) and Proportion Aged Over 65 Years, 2009–2018
Figure 5: Oman – Nominal GDP (US$) and Real GDP Growth Rate (%), 2009–2018
Figure 6: Oman – Volume of ATMs and Penetration, 2009–2018
Figure 7: Oman – Volume of POS Terminals and Penetration, 2009–2018
Figure 8: Oman – Retail Sales Value (OMR Million), 2009–2018
Figure 9: Oman – Cards and Payments Industry Segmentation by Card Type
Figure 10: Oman – Outbound Trips Volume and Spending, 2009–2018
Figure 11: Oman – Inbound Trips Volume and Spending, 2009–2018
Figure 12: Oman – Card Shares In Terms of Numbers in Circulation (%), 2009–2018
Figure 13: Oman – Card Shares in Terms of Transaction Volume (%), 2009–2018
Figure 14: Oman – Card Shares in Terms of Transaction Value (%), 2009–2018
Figure 15: Oman – Personal and Commercial Cards, Transaction Value (OMR Million), 2009–2018
Figure 16: Oman – Number of Debit Cards in Circulation (Million), 2009–2018
Figure 17: Oman – Debit Card Transaction Volumes by Channel (Million), 2009–2018
Figure 18: Oman – Debit Card Transaction Values by Channel (OMR Billion), 2009–2018
Figure 19: Oman – Debit Card Scheme Shares in Terms of Number of Cards in Circulation (%), 2013
Figure 20: Oman – Debit Card Scheme Market Shares in Terms of Transaction Value (%), 2013
Figure 21: Oman – Debit Card Issuers’ Market Shares in Terms of Transaction Value (%), 2013
Figure 22: Oman – Number of Credit Cards in Circulation (Thousand), 2009–2018
Figure 23: Oman – Credit Card Transaction Volumes by Channel (Thousand), 2009–2018
Figure 24: Oman – Credit Card Transaction Values by Channel (OMR Million), 2009–2018
Figure 25: Oman – Credit Card Scheme Market Shares in Terms of Number of Cards in Circulation (%), 2013
Figure 26: Oman – Credit Cards Scheme Market Share in Terms of Transaction Value (%), 2013
Figure 27: Oman – Credit Card Issuers’ Market Shares in Terms of Transaction Value (%), 2013
Figure 28: Oman – Credit Card Issuers’ Market Shares in Terms of Outstanding Balance (%), 2013
Figure 29: Oman – Number of Commercial Cards in Circulation (Thousand), 2009–2018
Figure 30: Oman – Commercial Card Transaction Values (OMR Million), 2009–2018
Figure 31: Oman – Shares of Various Types of Card Fraud in Terms of Transaction Value (%), 2009 and 2013"