Colombia Cards & Payments: Opportunities and Risks to 2023

2019-08-30
Price :
Published : Aug-2019
No. of Pages : 51

Colombia Cards & Payments: Opportunities and Risks to 2023

Summary

GlobalData’s ‘Colombia Cards & Payments: Opportunities and Risks to 2023’ report provides detailed analysis of market trends in Colombia’s cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, cash, direct debits, and cheques during the review-period (2015-19e).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country’s competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’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.

GlobalData’s ‘Colombia Cards & Payments: Opportunities and Risks to 2023’ report provides top-level market analysis, information and insights into Colombia’s cards and payments industry, including –
– Current and forecast values for each market in Colombia’s cards and payments industry, including debit and credit cards.
– Detailed insights into payment instruments including direct debits, cash, cheques, and 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 Colombia’s cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

– Contactless technology will gradually gain traction in Colombia, with major banks now offering cards and wearables with contactless functionality. In February 2019, Bancolombia launched a payment sticker allowing users to make contactless payments of up to COP300,000 ($92.38) without needing to enter a PIN. As of March 2018 there were more than 4 million contactless cards in the country. Contactless payments have also been extended to public transport payments across major cities such as Bogotá, Cali, MedellĂ­n, Barranquilla, Pereira, and Bucaramanga since 2015.
– To encourage card payment acceptance among businesses, effective from January 2019 the Colombian government reduced the merchant service fee on debit and credit cards. The fee was cut from 1.1% to 1.0% for debit cards and from 2.35% to 2.15% for credit cards. The government plans to further reduce the fee on debit cards to 0.9% in 2020 and 0.8% in 2021. Credit cards will be cut to 2% in 2020 and 1.8% in 2021.
– The government is aiming to drive uptake and usage of banking products. To this end, in April 2019 it proposed eliminating management fees on savings accounts, credit and debit cards, as well as other transactions including checking balances at ATMs, withdrawals from same-bank ATMs, transfers, and online interbank transfers. Discussions on this matter are underway in parliament.

Reasons to buy

– Make strategic business decisions, using top-level historic and forecast market data, related to Colombia’s cards and payments industry and each market within it.
– Understand the key market trends and growth opportunities in Colombia’s cards and payments industry.
– Assess the competitive dynamics in Colombia’s cards and payments industry.
– Gain insights into marketing strategies used for various card types in Colombia.
– Gain insights into key regulations governing Colombia’s cards and payments industry.

Filed in: Banking & Finance
Publisher : GlobalData
More Reports
Title Price Buy Now

Spain PESTLE Insights: Macroeconomic Outlook Report

Spain PESTLE Insights: Macroeconomic Outlook Report Summary Financial intermediation, real estate and business activities contributed 22.9% to the gross value added (GVA) in 2019, followed by wholesale, retail and hotels (19.5%), and mining, manufacturing and utilities (17.6%). The performance of these sectors are expected to come under severe pressure due to economic fallout from the COVID-19 pandemic. Four major autonomous communities of Spain generated around 60.8% of GDP and were home to 58.7% of the population in 2018 Scope - According to the World Bank's logistics performance index (LPI), transport and logistic infrastructure in Spain improved over the last three years with an improvement in rank from 23rd in 2016 to 17th out of 160 countries in 2018. - The IBEX 35 index dropped......
$500

Malaysia PESTLE Insights: Macroeconomic Outlook Report

Malaysia PESTLE Insights: Macroeconomic Outlook Report Summary According GlobalData, mining, manufacturing and utilities contributed 35.0% to the country's gross value added (GVA) in 2019, followed by wholesale, retail and hotels (18.5%) and financial intermediation, real estate and business activities (10.9%). Four major states (Selangor, Kuala Lumpur, Sarawak and Johor) contributed 45.5% to the country's GDP in 2019 and comprised 55.61% of Malaysia's population in 2018. Scope - As per the World Bank's logistics performance index (LPI), transport and logistic infrastructure in Malaysia deteriorated over the last two years with a decline in rank from 32nd in 2016 to 41st in 2018 (out of 160 countries) - Overall, the KLCI index (the index comprises the largest 30 companies by full mar......
$500

Sweden PESTLE Insights: Macroeconomic Outlook Report

Sweden PESTLE Insights: Macroeconomic Outlook Report Summary Services sector contributed 73.3% to gross value added (GVA) in 2019, followed by industry (25.5%) and agriculture (1.2%) sectors. These sectors are forecasted to suffer a setback in 2020, as domestic economic activity slows down in the country Stockholm, Northern Sweden and Southern Sweden contributed 58.5% to the country's GDP and comprised 54.9% of Sweden's population in 2018 Scope - As per the World Bank's logistics performance index (LPI), transport and logistics infrastructure in Sweden improved its rank to second in 2018 from third in 2016 (out of 160 countries) - The overall OMX30 index exhibited a downward trend over the last year. As of May 11, 2020, the OMX Stockholm 30 index stood at 1556.5, compared to 1603.4 on......
$500

Seizing the Global HNW Pension Opportunity

Seizing the Global HNW Pension Opportunity Summary 5.2 million HNW investors are of retirement age and 3.9 million HNW individuals will gain access to their pension assets within the next 10 years, freeing up a significant amount of wealth locked up in pension products. Being able to provide pre-retirement advice as well as advice on transition strategies will be critical, given increased churn rates when investors retire. However, only 65% of providers in the HNW space offer pension and retirement planning advice, predominately via partnerships. On the flipside, 64% of wealth managers report strong HNW demand for pension planning globally. Yet demand varies considerably on a country-by-country basis due to various factors, such as the sophistication of the local pension system, cultura......
$5250

Gabon Insurance Industry: Key Trends and Opportunities to 2023

Gabon Insurance Industry: Key Trends and Opportunities to 2023 Summary GlobalData's 'Gabon Insurance Industry: Key Trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into the Gabonese insurance industry. This report provides a detailed outlook by product category for the Gabonese insurance industry. It provides values for key performance indicators such as written premium, density, loss ratio and penetration during the review period (2014-2018) and forecast period (2018-2023). The report gives a comprehensive overview of the Gabonese economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on segment dynamics in the country. Key Highlights - K......
$995

Republic of Congo Insurance Industry: Key Trends and Opportunities to 2023

Republic of Congo Insurance Industry: Key Trends and Opportunities to 2023 Summary GlobalData's 'Republic of Congo Insurance Industry: Key Trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into the Congolese insurance industry. This report provides a detailed outlook by product category for the Congolese insurance industry. It provides values for key performance indicators such as written premium, density, loss ratio, assets and penetration during the review period (2014-2018) and forecast period (2018-2023). The report gives a comprehensive overview of the Congolese economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on segment dynamics i......
$995

Romania Insurance Industry: Key Trends and Opportunities to 2023

Romania Insurance Industry: Key Trends and Opportunities to 2023 Summary GlobalData's 'Romania Insurance Industry: Key Trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into the Romanian insurance industry. This report provides a detailed outlook by product category for the Romanian insurance industry. It provides values for key performance indicators such as written premium, density, loss ratio, assets and penetration during the review period (2014-2018) and forecast period (2018-2023). The report gives a comprehensive overview of the Romanian economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on segment dynamics in the country. Key Hig......
$995

Macquarie Bank: Enterprise Tech Ecosystem Series

Macquarie Bank: Enterprise Tech Ecosystem Series Summary Macquarie Bank, a subsidiary of Macquarie Group Limited, offers retail financial and commercial banking services in Australia and select financial services at offshore locations. Macquarie Bank comprises two operating segments: Banking and Financial Services, and Commodities and Global Markets. Banking and Financial Services offers retail banking and financial services including personal banking (mortgages, savings and transaction accounts, credit cards, and vehicle finance), wealth management (cash management, financial advice, and private banking), and business banking. Commodities and Global Markets includes businesses such as cash equities, credit markets, commodity markets and finance, and equity derivatives and trading. Macq......
$1295

FIS: Competitor Profile

FIS: Competitor Profile Summary Fidelity Information Services (FIS) is one of the leading payment and transactional service providers globally, offering end-to-end solutions covering the entire payment value chain. It offers omni-channel solutions for merchants, banks, acquirers, payment service providers (PSPs), businesses, and governments. FIS offers its services in 146 countries, supporting over 300 payment methods and 126 currencies. FIS operates through three business segments: Merchant Solutions, Banking Services, and Capital Market Solutions, offering the likes of acquiring and processing, core banking, digital solutions, wealth and asset management solutions, and retirement and insurance solutions. It has made several acquisitions of complementary businesses, which has helped t......
$350

Boku: Competitor Profile

Boku: Competitor Profile Summary Launched in 2009 in the US, Boku is one of the world's leading carrier billing-based mobile payment services. Primarily used for purchases of digital content, Boku is offered by leading digital companies including Apple, Google, Sony, Microsoft, Facebook, and Spotify. Boku enables customers to charge their payments directly to their mobile phone bill and provides merchants with the ability to accept payments from anyone with a mobile phone. Boku is now accepted in over 50 countries and has partnerships with over 160 mobile network operators (MNOs). It has offices in the US, the UK, Germany, India, China, France, Latvia, Brazil, Singapore, Taiwan, and Japan. The platform has received around $90m in funding since its inception, with Benchmark Capital, DAG ......
$350
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy