The Cards and Payments Industry in Japan: Emerging Trends and Opportunities to 2020

Published: May, 2016 | Pages: 57 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis

Timetric’s 'The Cards and Payments Industry in Japan: Emerging Trends and Opportunities to 2020' 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 check payments, payment cards, cash transactions and credit transfers during the review period (2011-2015).

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 (2016-2020). It also offers information on the country's competitive landscape, including the 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 details of regulatory policy, and recent changes in the regulatory structure.

Summary

Timetric’s 'The Cards and Payments Industry in Japan: Emerging Trends and Opportunities to 2020' 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 and credit cards
- 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
- 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 and credit cards
- Comprehensive analysis of consumer attitudes and buying preferences for cards
- The competitive landscape in 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 2015, and forecast figures to 2020.
- 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.

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 undertook a number of initiatives to encourage electronic payments during the review period (2011-2015). As part of its Regional Revitalization policy launched in June 2014, the government urged banks to enhance the scope of domestic automatic teller machines (ATMs) to make them compatible with overseas-issued payment cards, due to a rise in inbound tourists. In January 2016, the Ministry of Economy, Trade and Industry announced plans to launch a mobile payment (m-payment) app for foreign visitors. Consumers can register passport and credit card details in the app, and make payments at retail outlets using mobile phones.
- To increase convenience for foreign travelers, Sumitomo Mitsui Banking, Mitsubishi UFJ and Mizuho Bank announced plans to make their ATMs compatible with foreign issued credit cards. Presently, only a few banks in Japan provide ATMs that accept overseas cards for cash withdrawals. As part of the plan, Mitsubishi UFJ will install 1,000 ATMs over 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 is expected to surpass the target well before this date, as a total of 19.7 million tourists visited Japan in 2015. To encourage tourism, the government abolished tax for foreign travelers on confectionery, cosmetics, food, alcohol and medicinal items from October 2014. According to the new law, tourists spending US$47.2 (JPY5,000) or above at specified merchants are eligible for the tax exemption.

 Table of Content

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 PayPal
6.1.6 Line Pay
6.1.7 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 Market Analysis
10.1.1 Volume and value of payment card transactions by type

11 Debit Cards
11.1 Debit Card Market Analysis
11.1.1 Turnover per debit card and transaction 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 Turnover per credit card and transaction values by channel
12.1.2 Credit card scheme and issuer shares in terms of transaction value
12.1.3 Credit cards comparison

13 Commercial Credit Cards
13.1 Commercial Credit Card Market Analysis
13.1.1 Commercial credit cards comparison

14 Card Issuers
14.1 Sumitomo Mitsui Financial Group
14.2 Credit Saison
14.3 Aeon Financial Service Company Ltd
14.4 Mitsubishi UFJ Nicos
14.5 Japan Post Bank

15 Prepaid Cards
15.1 Prepaid Card Market Analysis
15.1.1 Prepaid cards comparison

16 Appendix
16.1 Tables
16.2 Contact Timetric
16.3 About Timetric
16.4 Timetric’s Services
16.5 Disclaimer

List of Tables

Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Japan - Key Facts, 2015
Table 4: Regional Benchmarking of Japanese Payment Cards, 2015
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 Credit 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), 2011-2015
Table 17: Japan - Payment Instrument Transaction Values (US$ Trillion), 2011-2015
Table 18: Japan - Payment Instrument Transaction Volumes (Million), 2011-2015
Table 19: Japan - Number of Payment Cards in Circulation by Type (Million), 2011-2020
Table 20: Japan - Volume of Payment Card Transactions by Type (Million), 2011-2020
Table 21: Japan - Value of Payment Card Transactions by Type (JPY Trillion), 2011-2020
Table 22: Japan - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020
Table 23: Japan - Number of Debit Cards in Circulation (Million), 2011-2020
Table 24: Japan - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
Table 25: Japan - Debit Card Total and Average Transaction Value by Channel, 2011-2020
Table 26: Japan - Debit Card Total and Average Transaction Value by Channel, 2011-2020
Table 27: Japan - Number of Debit Cards in Circulation By Scheme (Million), 2011-2015
Table 28: Japan - Debit Card Transaction Values By Scheme (JPY Trillion), 2011-2015
Table 29: Japan - Debit Card Transaction Values By Scheme (US$ Billion), 2011-2015
Table 30: Japan - Debit Card Transaction Values by Issuer (JPY Trillion), 2011-2015
Table 31: Japan - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
Table 32: Japan - Number of Credit Cards in Circulation (Million), 2011-2020
Table 33: Japan - Credit Card Transaction Volumes and Frequency by Channel, 2011-2020
Table 34: Japan - Credit Card Total and Average Transaction Values by Channel, 2011-2020
Table 35: Japan - Credit Card Total and Average Transaction Values by Channel, 2011-2020
Table 36: Japan - Number of Credit Cards in Circulation By Scheme (Million), 2011-2015
Table 37: Japan - Credit Card Transaction Values By Scheme (JPY Trillion), 2011-2015
Table 38: Japan - Credit Card Transaction Values By Scheme (US$ Billion), 2011-2015
Table 39: Japan - Credit Card Transaction Values By Issuer (JPY Trillion), 2011-2015
Table 40: Japan - Credit Card Transaction Values By Issuer (US$ Billion), 2011-2015
Table 41: Japan - Personal and Commercial Credit Card Transaction Volumes (Million), 2011-2020
Table 42: Japan - Personal and Commercial Credit Card Transaction Values (JPY Trillion), 2011-2020
Table 43: Japan - Personal and Commercial Credit Card Transaction Values (US$ Billion), 2011-2020
Table 44: Japan - Number of Commercial Credit Cards in Circulation (Million), 2011-2020
Table 45: Japan - Commercial Credit Card Transaction Values (JPY Trillion), 2011-2020
Table 46: Japan - Commercial Credit Card Transaction Values (US$ Billion), 2011-2020
Table 47: Japan - Commercial Credit Card Transaction Volumes (Million), 2011-2020
Table 48: Japan - Number of Prepaid Cards in Circulation (Million), 2011-2020
Table 49: Japan - Prepaid Card Transaction Values (JPY Trillion), 2011-2020
Table 50: Japan - Prepaid Card Transaction Values (US$ Billion), 2011-2020