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

Published: Jun, 2016 | Pages: 165 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
Timetric's 'The Cards and Payments Industry in Peru: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Peruvian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, payment cards, direct debits 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 Peru: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Peruvian cards and payments industry, including:

• Current and forecast values for each market in the Peruvian cards and payments industry, including debit and credit cards.

• Detailed insights into payment instruments including credit transfers, direct debits, 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 the Peruvian 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 the Peruvian cards and payments industry.

Scope
• This report provides a comprehensive analysis of the Peruvian cards and payments industry.

• It provides current values for the Peruvian cards and payments industry for 2015, and forecast figures to 2020.

• It details the different demographic, economic, infrastructural and business drivers affecting the Peruvian 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 the Peruvian cards and payments industry and each market within it.

• Understand the key market trends and growth opportunities in the Peruvian cards and payments industry.

• Assess the competitive dynamics in the Peruvian cards and payments industry.

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

• Gain insights into key regulations governing the Peruvian cards and payments industry.

Key Highlights
• The government of Peru developed the National Financial Inclusion Strategy (NFIS) in July 2015. It aims to provide access to financial accounts for at least 50% of the adult population by 2018, and 75% of the adult population by 2021. The strategy promotes access to savings, insurance and financing, consumer protection, financial education programs and the use of electronic payment instruments. A rise in bank penetration is expected to drive demand for products such as bank accounts and debit cards.

• In line with government's financial inclusion program, the national mobile payments system Modelo Peru launched Bim mobile money, a fully interoperable payments platform, in February 2016. Through this, Modelo Peru aims to provide much of the unbanked population with access to digital financial services. It enables Peruvians with a mobile phone to open a bank account, transfer funds and make utility payments, and can be accessed with any basic mobile phone. Modelo Peru plans to have more than 2 million active Bim mobile money users by 2020. Modelo Peru is formed by the partnership of 40 Peruvian financial institutions, including private-sector and state-owned banks, credit unions, microfinance institutions, non-bank electronic money issuers and telecommunication companies.

• With high mobile penetration, companies in Peru are increasingly using mobile technology with a focus on financial inclusion. Movistar, a mobile operator in Peru, in collaboration with MasterCard, introduced the country's first electronic mobile money service, Tu Dinero Movil (Your Mobile Money), in January 2015. The service is now available to Movistar's more than 16 million customers, allowing them to conduct a number of transactions such as money transfers, purchases at MasterCard-affiliated establishments, and paying for mobile recharges. Similar to Bim, it can be accessed on smartphones as well as basic mobile phones.

 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 Modelo Peru - Bim
6.1.2 Tu Dinero Movil
6.1.3 Pago Efectivo
6.1.4 SafetyPay
6.1.5 Paysafecard
7 Regulations in the Cards and Payments Industry
7.1 Regulatory Framework
7.1.1 Consumer protection
7.1.2 Retail agents
7.2 Anti-Money Laundering (AML)
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
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 Pay Later Cards
12.1 Pay Later Cards Market Analysis
12.1.1 Turnover per pay later card and transaction values by channel
12.1.2 Pay later cards scheme and issuer shares in terms of transaction value
12.1.3 Pay later cards comparison
13 Commercial Pay Later Cards
13.1 Commercial Pay Later Cards Market Analysis
13.1.1 Commercial pay later cards comparison
14 Prepaid Cards
14.1 Prepaid Card Market Analysis
14.1.1 Prepaid cards comparison
15 Appendix
15.1 Tables
15.2 Contact Timetric
15.3 About Timetric
15.4 Timetric's Services
15.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Peru - Key Facts, 2015
Table 4: Regional Benchmarking of Peru's Payment Cards, 2015
Table 5: Peru - Mode of Entry of Foreign Banks
Table 6: Cards for High-Income Consumers, 2016
Table 7: Cards for Travelers, 2016
Table 8: Cards for Online Shoppers, 2016
Table 9: Commercial Cards Comparison and Key Features, 2016
Table 10: Peru - Debit Cards Comparison and Key Features, 2016
Table 11: Peru - Gold Credit Cards Comparison and Key Features, 2016
Table 12: Peru - Premium Credit Cards Comparison and Key Features, 2016
Table 13: Peru - Commercial Credit Cards Comparison and Key Features, 2016
Table 14: Peru - Prepaid Cards Comparison and Key Features, 2016
Table 15: Peru - Payment Instrument Transaction Values (PEN Billion), 2011-2015
Table 16: Peru - Payment Instrument Transaction Values (US$ Billion), 2011-2015
Table 17: Peru - Payment Instrument Transaction Volumes (Million), 2011-2015
Table 18: Peru - Number of Payment Cards in Circulation by Type (Million), 2011-2020
Table 19: Peru - Volume of Payment Card Transactions by Type (Million), 2011-2020
Table 20: Peru - Value of Payment Card Transactions by Type (PEN Billion), 2011-2020
Table 21: Peru - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020
Table 22: Peru - Number of Debit Cards in Circulation (Million), 2011-2020
Table 23: Peru - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
Table 24: Peru - Debit Card Total and Average Transaction Values by Channel, 2011-2020
Table 25: Peru - Debit Card Total and Average Transaction Values by Channel, 2011-2020
Table 26: Peru - Number of Debit Cards in Circulation by Scheme (Million), 2011-2015
Table 27: Peru - Debit Card Transaction Values by Scheme (PEN Billion), 2011-2015
Table 28: Peru - Debit Card Transaction Values by Scheme (US$ Billion), 2011-2015
Table 29: Peru - Debit Card Transaction Values by Issuer (PEN Billion), 2011-2015
Table 30: Peru - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
Table 31: Peru - Number of Pay Later Cards in Circulation (Million), 2011-2020
Table 32: Peru - Pay Later Cards Transaction Volumes and Frequency by Channel, 2011-2020
Table 33: Peru - Pay Later Cards Total and Average Transaction Values by Channel, 2011-2020
Table 34: Peru - Pay Later Cards Total and Average Transaction Values by Channel, 2011-2020
Table 35: Peru - Number of Pay Later Cards in Circulation by Scheme (Million), 2011-2015
Table 36: Peru - Pay Later Cards Transaction Values by Scheme (PEN Billion), 2011-2015
Table 37: Peru - Pay Later Cards Transaction Values by Scheme (US$ Billion), 2011-2015
Table 38: Peru - Pay Later Cards Transaction Values by Issuer (PEN Billion), 2011-2015
Table 39: Peru - Pay Later Cards Transaction Values by Issuer (US$ Billion), 2011-2015
Table 40: Peru - Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011-2020
Table 41: Peru - Personal and Commercial Pay Later Card Transaction Values (PEN Billion), 2011-2020
Table 42: Peru - Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020
Table 43: Peru - Number of Commercial Pay Later Cards in Circulation (Thousand), 2011-2020
Table 44: Peru - Commercial Pay Later Card Transaction Volumes (Million), 2011-2020
Table 45: Peru - Commercial Pay Later Card Transaction Values (PEN Billion), 2011-2020
Table 46: Peru - Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020
Table 47: Peru - Number of Prepaid Cards in Circulation (Million), 2011-2020
Table 48: Peru - Prepaid Card Transaction Values (PEN Billion), 2011-2020
Table 49: Peru - Prepaid Card Transaction Values (US$ Billion), 2011-2020