The Cards and Payments Industry in Japan: Emerging Trends and Opportunities to 2019

Published: Mar, 2016 | Pages: 63 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
Timetric's 'The Cards and Payments Industry in Japan: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Japan's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, payment cards, cash transactions and check payments during the review period (2010-2014).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015-2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together Timetric's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies, recent changes in regulatory structure and profiles of card issuers operating in the country.

Summary
Timetric's 'The Cards and Payments Industry in Japan: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Japan's cards and payments industry, including:

Current and forecast values for each market in Japan's cards and payments industry, including debit card, credit and charge cards. It also includes detailed analysis of the prepaid card market.

Detailed insights into payment instruments including credit transfers, cash transactions, checks and payment cards. It also, includes an overview of the country's key alternative payment instruments.

E-commerce market analysis and online payment types.

Analysis of various market drivers and regulations governing Japan's cards and payments industry.

Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Comprehensive analysis of consumer attitudes and buying preferences for cards.

The competitive landscape of Japan's cards and payments industry.

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 2014, and forecast figures to 2019.

It details the different demographic, economic, infrastructural and business drivers affecting Japan's cards and payments industry.

It outlines the current regulatory framework in the industry.

It details marketing strategies used by various banks and other institutions.

It profiles major card issuers 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 in Japan's cards and payments industry.

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

Gain insights into marketing strategies used for various card types in Japan.

Gain insights into key regulations governing Japan's cards and payments industry.

Key Highlights
The Japanese government took a number of initiatives during the review period (2010-2014) to encourage electronic payments. As part of its Regional Revitalization policy rolled out in June 2014, the government urged banks to enhance the scope of domestic automatic teller machines (ATMs) to make them compatible with overseas-issued cards due to rise in inbound foreigners tourists. In January 2016, the Ministry of Economy, Trade and Industry announced plans to launch a mobile payment app for foreign visitors. Consumers can register passport and credit card details in the app and make payments at retail outlets by mobile phone. The app is expected to reduce the problem of non-acceptance of foreign-issued cards for visitors.

To enhance convenience for foreign travelers, Sumitomo Mitsui Banking, Mitsubishi UFJ and Mizuho Bank announced that they would make their ATMs compatible with accept foreign issued credit cards. Presently, only a few banks such as Japan Post Bank and Seven Bank offered ATMs that accept overseas cards for cash withdrawals. As part of the plan, Mitsubishi UFJ will install 1,000 ATMs during 2016-2020. Sumitomo Mitsui Banking also plans to install 1,000 ATMs by the end of March 2017.

The government aims to welcome 20 million tourists a year by 2020, but it is expected to surpass the target well before this date, as 19.7 million tourists visited Japan in 2015. The government abolished tax for foreign travelers on confectionary, cosmetics, food, alcohol and medicinal items from October 2014, to encourage the inflow of intentional tourists. According to the new law, tourists spending US$47.2 (JPY5,000) or above at specified merchants are eligible for a portion of tax exemption from their bills. Such a tax reform is expected to further increase inbound tourist expenditure.

 Table of Contents
1 Definitions and Methodology
1.1 Definitions
1.2 Methodology
2 Key Facts and Events
3 Executive Summary
4 Payment Instruments
4.1 Current Payment Environment
5 E-Commerce
5.1 E-Commerce Market Analysis
6 Alternative Payments
6.1 Alternative Payment Instruments
6.1.1 Osaifu-Keitai Wallet
6.1.2 QUICPay
6.1.3 Paidy
6.1.4 Boku
6.1.5 Square
6.1.6 PayPal
6.1.7 Bitcheck
6.1.8 Line Pay
6.1.9 MasterPass
7 Regulations in the Cards and Payments Industry
7.1 Regulatory Framework
7.1.1 Regulations applicable to issuers of prepaid payment instruments
7.1.2 Regulations on e-money
7.2 Anti Money Laundering Law
7.3 Foreign Direct Investment (FDI) Regulations
8 Analysis of Cards and Payments Industry Drivers
8.1 Demographic Drivers
8.2 Economic Drivers
8.3 Infrastructure Drivers
8.4 Business Drivers
9 Market Segmentation
9.1 Market Segmentation and Targeting
9.1.1 Consumer cards
9.1.2 Commercial cards
10 Payment Cards
10.1 Payment Cards Analysis
10.1.1 Volume and value of payment card transactions by type
10.1.2 Personal vs commercial cards
11 Debit Cards
11.1 Debit Card Market Analysis
11.1.1 Debit card transaction volumes and values by channel
11.1.2 Debit card scheme and issuer shares in terms of transaction value
11.1.3 Debit cards comparison
12 Credit Cards
12.1 Credit Card Market Analysis
12.1.1 Credit card transaction volumes and values by channel
12.1.2 Credit card scheme and issuer shares in terms of transaction value
12.1.3 Credit cards comparison
13 Charge Cards
13.1 Charge Card Market Analysis
13.1.1 Charge card transaction volumes and values by channel
13.1.2 Charge card scheme shares in terms of transaction value
14 Commercial Cards
14.1 Commercial Card Market Analysis
14.1.1 Commercial cards comparison
15 Card Issuers
15.1 Sumitomo Mitsui Financial Group
15.2 Credit Saison
15.3 Aeon Financial Service Company Ltd
15.4 Mitsubishi UFJ Nicos
15.5 Japan Post Bank
16 Prepaid Cards
16.1 Prepaid Card Market Analysis
16.1.1 Prepaid cards comparison
17 Appendix
17.1 Tables
17.2 Contact Timetric
17.3 About Timetric
17.4 Timetric's Services
17.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Japan - Key Facts, 2014
Table 4: Regional Benchmarking of Japan Payment Cards, 2014
Table 5: Japan - Mode of Entry of Foreign Banks
Table 6: Cards for High-Income Consumers, 2016
Table 7: Cards for Travelers, 2016
Table 8: Cards for Students and Young Population, 2016
Table 9: Shopping Cards, 2016
Table 10: Commercial Cards Comparison and Key Features, 2016
Table 11: Japan - Debit Cards Comparison and Key Features, 2016
Table 12: Japan - Gold Credit Cards Comparison and Key Features, 2016
Table 13: Japan - Platinum Credit Cards Comparison and Key Features, 2016
Table 14: Japan - Commercial Cards Comparison and Key Features, 2016
Table 15: Japan - Prepaid Cards Comparison and Key Features, 2016
Table 16: Japan - Payment Instrument Transaction Values (JPY Trillion), 2010-2014
Table 17: Japan - Payment Instrument Transaction Values (US$ Billion), 2010-2014
Table 18: Japan - Payment Instrument Transaction Volumes (Million), 2010-2014
Table 19: Japan - Number of Payment Cards in Circulation by Type (Million), 2010-2019
Table 20: Japan - Volume of Payment Card Transactions by Type (Million), 2010-2019
Table 21: Japan - Value of Payment Card Transactions by Type (JPY Trillion), 2010-2019
Table 22: Japan - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019
Table 23: Japan - Personal and Commercial Card Transaction Volumes (Million), 2010-2019
Table 24: Japan - Personal and Commercial Card Transaction Values (JPY Trillion), 2010-2019
Table 25: Japan - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019
Table 26: Japan - Number of Debit Cards in Circulation (Million), 2010-2019
Table 27: Japan - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 28: Japan - Debit Card Total and Average Transaction Value by Channel, 2010-2019
Table 29: Japan - Debit Card Total and Average Transaction Value by Channel, 2010-2019
Table 30: Japan - Number of Debit Cards in Circulation By Scheme (Million), 2010-2014
Table 31: Japan - Debit Card Transaction Values By Scheme (JPY Billion), 2010-2014
Table 32: Japan - Debit Card Transaction Values By Scheme (US$ Billion), 2010-2014
Table 33: Japan - Debit Card Transaction Values by Issuer (JPY Trillion), 2010-2014
Table 34: Japan - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014
Table 35: Japan - Number of Credit Cards in Circulation (Million), 2010-2019
Table 36: Japan - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 37: Japan - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table 38: Japan - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table 39: Japan - Number of Credit Cards in Circulation By Scheme (Million), 2010-2014
Table 40: Japan - Credit Card Transaction Values By Scheme (JPY Trillion), 2010-2014
Table 41: Japan - Credit Card Transaction Values By Scheme (US$ Billion), 2010-2014
Table 42: Japan - Pay Later Card Transaction Values By Issuer (JPY Trillion), 2010-2014
Table 43: Japan - Pay Later Card Transaction Values By Issuer (US$ Billion), 2010-2014
Table 44: Japan - Credit Card Balances Outstanding By Issuer (JPY Billion), 2010-2014
Table 45: Japan - Credit Card Balances Outstanding By Issuer (US$ Billion), 2010-2014
Table 46: Japan - Number of Charge Cards in Circulation (Million), 2010-2019
Table 47: Japan - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 48: Japan - Charge Card Total and Average Transaction Values by Channel, 2010-2019
Table 49: Japan - Charge Card Total and Average Transaction Values by Channel, 2010-2019
Table 50: Japan - Number of Charge Cards in Circulation By Scheme (Thousand), 2010-2014
Table 51: Japan - Charge Card Transaction Values By Scheme (JPY Million), 2010-2014
Table 52: Japan - Charge Card Transaction Values By Scheme (US$ Million), 2010-2014
Table 53: Japan - Number of Commercial Cards in Circulation (Million), 2010-2019
Table 54: Japan - Commercial Card Transaction Values (JPY Trillion), 2010-2019
Table 55: Japan - Commercial Card Transaction Values (US$ Billion), 2010-2019
Table 56: Japan - Number of Prepaid Cards in Circulation (Million), 2010-2019
Table 57: Japan - Prepaid Card Transaction Values (JPY Trillion), 2010-2019
Table 58: Japan - Prepaid Card Transaction Values (US$ Billion), 2010-2019