Payments Landscape in Singapore: Opportunities and Risks to 2021

Payments Landscape in Singapore: Opportunities and Risks to 2021

News5050 – Market Report

January 14, 2018

The Report:

GlobalData’s “Payments Landscape in Singapore: Opportunities and Risks to 2021”, report provides detailed analysis of market trends in the Singapore cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, cash, payment cards, and cheques during the review-period (2013-17e).

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 (2017-21f). 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.

The report provides top-level market analysis, information and insights into the Singaporean cards and payments industry, including –
– Current and forecast values for each market in the Singaporean cards and payments industry, including debit, credit, and charge cards.
– Detailed insights into payment instruments including credit transfers, cheques, direct debit, cash, and payment cards. It also, includes an overview of the country’s key alternative payment instruments.
– E-commerce market analysis and payment methods.
– Analysis of various market drivers and regulations governing the Singaporean cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope

– To simplify electronic and mobile payments in the country, in November 2017 the Singapore Payments Council announced the development of a common standard for Singapore Quick Response Code payments within the market, designed to work across all schemes, e-wallets, and banks. The new QR system was developed by an industry taskforce co-led by the Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority. It uses international QR code protocols tweaked for the specific requirements of the market. The system will be adopted and deployed by payment service providers in Singapore throughout 2018. Additionally, app providers and banks have agreed to update their services in order to use the new system. For consumers, this new standard potentially means that any QR code-based service they choose can be used at any merchant, simplifying the purchasing experience. For merchants this move will reduce any work required to accept multiple QR code-based services.
– To offer instant payments, a new peer-to-peer (P2P) fund transfer service PayNow was launched in June 2017. This service is available to customers of Citibank Singapore, DBS Bank, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, and UOB. Customers of these seven participating banks can send and receive Singapore dollar funds from one bank to another instantly through the FAST payment platform, using just their mobile number or National Registration Identity Card number. According to the Association of Banks in Singapore, more than 50,000 registrations were received to link mobile numbers to bank accounts through PayNow on launch day alone.
– To offer convenient transport payments, in March 2017 Mastercard and the Land Transport Authority of Singapore (LTA) launched a pilot scheme whereby passengers can use Mastercard-branded contactless cards to make public transport payments. According to the LTA, more than 100,000 commuters have signed up for the pilot since its launch, and an average of 60,000 transactions are being made daily. To enable even more commuters to use this service, Visa and NETS will also come on board from June 2018. Furthermore, as part of the pilot with Mastercard, the LTA will trial the use of mobile payment solutions such as Android Pay, Apple Pay, and Samsung Pay for public transport payments from the first quarter of 2018.

About Research and Experts:

Research and Experts brings you to the latest reports in market research on Cards and Payments and much more.

Contact:

John Caldwell

Fia Rua, Deerpark

Bunratty, Co. Clare, Ireland

Check out Market Reports at www.researchandexperts.com

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Report: REP000349284

Thailand: Country Intelligence Report

Thailand: Country Intelligence Report

News5050 – Market Report

January 14, 2018

The Report:

“Thailand: Country Intelligence Report”, a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in Thailand today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and pay-TV segments, as well as a review of key regulatory trends.

Thailand’s telecom and pay-TV services market will grow from an estimated $12.3bn (Bt424.7bn) in 2017 to $14.2bn (Bt492.9bn) by 2022 at a CAGR of 2.9% (3% in Bt) over 2017-2022 driven by projected growth in the mobile data fixed broadband and pay-TV segments. Mobile voice will be the largest revenue-contributing segment in 2017. However, fixed broadband revenue will expand at the fastest CAGR of 12.3% (12.4% in Bt) over 2017-2022, reaching $4bn (Bt140.3bn) by 2022 driven by growing consumption of online videos and social media content on mobile devices supported by rising smartphone penetration, growing adoption of 4G/4.5G services and projected rise in adoption of 5G subscriptions. Thailand’s pay-TV market will grow at a CAGR of 2.3% in US$ terms (2.4% in local currency) over 2017-2022.

The Country Intelligence Report provides in-depth analysis of the following –
– Demographic and macroeconomic context in Thailand.
– The regulatory environment and trends: a review of the regulatory setting and agenda for the next 18-24 months as well as relevant developments pertaining to spectrum licensing, national broadband plans, tariff regulation and more.
– Telecom and pay-TV services market outlook: analysis as well as historical figures and forecasts of service revenue from the fixed telephony, broadband, mobile voice, mobile data and pay-TV markets.
– The competitive landscape: an examination of the positioning of leading players in the telecom and pay-TV services market as well as subscription market shares across segments.
– Company snapshots: analysis of the financial position of leading service providers in the telecommunications and pay-TV markets.
– Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Scope

– The overall telecom and pay-TV services revenue in Thailand will grow at a CAGR of 2.9% (3% in Bt) during 2017-2022.
– Mobile revenue will account for 56% of the total telecom and pay-TV services revenue in 2022, driven by adoption of 4G/4.5G and projected growth in 5G services.
– AIS leads Thailand’s mobile market in terms of mobile subscriptions for 2017, followed by True Corp (True Move) and Dtac. Other operators present in the market include CAT and i-Mobile. To compete in the market, major operators focus on 4G network expansions along with 5G development strategy, and competitively priced offers and promotions.

About Research and Experts:

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Fia Rua, Deerpark

Bunratty, Co. Clare, Ireland

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Report: REP000349294

Alternative Payment Solution: Yandex.Money

Alternative Payment Solution: Yandex.Money

News5050 – Market Report

January 14, 2018

The Report:

Yandex.Money is one of the most popular payment solutions in Russia. It was launched in July 2002 as a joint venture between Yandex and PayCash Group, before Yandex later became the sole owner. However, in July 2013 Yandex sold a 75% stake in Yandex.Money to Sberbank, and is now the minority stakeholder in the joint venture.

Yandex.Money allows users to make both online and offline payments as well as P2P fund transfers. It offers online checkout through Yandex.Checkout, allowing online merchants to accept payments via the Yandex.Money wallet and linked bank cards, as well as other payment options such as online banking, cash, and carrier billing. Alternatively, users can make payments by scanning the QR code on the merchant site with the Yandex.Money mobile app.

Users can make in-store payments by scanning QR codes at stores or by waving their NFC-enabled mobile phones at POS terminals. Users can also make payments directly with physical Mastercard-branded Yandex.Money cards. In addition to payments, Yandex.Money offers both domestic and international money transfers through various transfer options.

The report provides information and insights into alternative payment solution Yandex.Money, including –
– Detailed insight into its business and geographical presence
– Comprehensive coverage of its products and services
– Comparative assessment with key alternative payment solutions
– Information on its performance, including its revenue model
– The company’s important events and milestones

Scope

– In July 2002, Yandex.Money was founded as a joint project of Yandex and PayCash Group.
– Yandex.Money offers Yandex.Checkout, allowing online merchants to accept payments via various payment methods including bank cards, online banking, cash, carrier billing, instant loans, and e-wallets such as WebMoney, QIWI Wallet, and Yandex.Money. Payments are accepted in various currencies.
– In April 2016, Yandex.Money launched NFC payments, allowing users to make contactless payments at merchant stores.
– In May 2017, Yandex.Money Partnered with Android Pay, allowing users to pay with Yandex.Money cards via Android Pay.

About Research and Experts:

Research and Experts brings you to the latest reports in market research on Cards and Payments and much more.

Contact:

John Caldwell

Fia Rua, Deerpark

Bunratty, Co. Clare, Ireland

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Report: REP000349283

Turkey: Country Intelligence Report

Turkey: Country Intelligence Report

News5050 – Market Report

January 14, 2018

The Report:

“Turkey: Country Intelligence Report”, a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in Turkey today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and pay-TV segments, as well as a review of key regulatory trends.

Turkey’s telecom and pay-TV services market will grow from an estimated $10.6bn (TL38.7bn) in 2017 to $11.7bn (TL49.2bn) by 2022 at a CAGR of 2.0% (4.9% in TL) over 2017-2022 driven by the mobile data, fixed broadband and pay-TV segments. Mobile data will be the largest revenue-contributing segment in 2017. Also, mobile data revenue will expand at the fastest CAGR of 6.7% (9.8% in TL) over 2017-2022 reaching $5.7bn (TL24bn) by 2022 driven by rising smartphone penetration, growing adoption of 4G/4.5G services and projected rise in adoption of 5G subscriptions. Going forward, Turkey’s pay-TV market is expected to grow at a CAGR of 1.7% (4.6% in TL) due to growth in DTH subscriptions and projected rise in adoption of IPTV services.

The Country Intelligence Report provides in-depth analysis of the following –
– Demographic and macroeconomic context in Turkey.
– The regulatory environment and trends: a review of the regulatory setting and agenda for the next 18-24 months as well as relevant developments pertaining to spectrum licensing, national broadband plans, tariff regulation and more.
– Telecom and pay-TV services market outlook: analysis as well as historical figures and forecasts of service revenue from the fixed telephony, broadband, mobile voice, mobile data and pay-TV markets.
– The competitive landscape: an examination of the positioning of leading players in the telecom and pay-TV services market as well as subscription market shares across segments.
– Company snapshots: analysis of the financial position of leading service providers in the telecommunications and pay-TV markets.
– Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Scope

– Overall telecom and pay-TV services revenue in Turkey will grow at a CAGR of 2.0% (4.9% in TL) during 2017-2022.
– Mobile revenue will account for 69% of the total telecom and pay-TV services revenue in 2022, driven by increasing adoption of 4G/4.5G services and projected 5G growth.
– Turkcell leads Turkey’s mobile market in terms of mobile subscriptions for 2017, followed by Vodafone Turkey and Turk Telekom. All the operators compete on the basis of network expansions/upgrades and promotional offers to strengthen their market position.

About Research and Experts:

Research and Experts brings you to the latest reports in market research on Telecommunications and much more.

Contact:

John Caldwell

Fia Rua, Deerpark

Bunratty, Co. Clare, Ireland

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Report: REP000349293

Payments in Singapore 2017: What Consumers Want

Payments in Singapore 2017: What Consumers Want

News5050 – Market Report

January 14, 2018

The Report:

“Payments in Singapore 2017: What Consumers Want”, report examines the consumer payments market in Singapore, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market.

Singapore’s payment card market is one of the most highly competitive and attractive in Asia Pacific. The payment card market is overserved, with debit and pay-later card penetration rates of 1.9 and 1.6 respectively per inhabitant in 2017. Improved banking infrastructure, new product developments, higher awareness of electronic payments, and the wider acceptance of payment cards at POS terminals have led to increased adoption of payment cards. However, due to the mature nature of the market, issuance is set to plateau going forward. Providers will need to shift their focus to encouraging increased use of payment cards; this will be crucial in driving consumers away from cash, which remains popular in the country.

Electronic payments in Singapore have steadily gained prominence, and the country has invested substantially in building long-term infrastructure for cashless payments. Widely available financial products, a competitive merchant marketplace, and a transparent business environment are strongly connected with progress towards a cashless society. The adoption of contactless technology, mobile payments, and chip-and-PIN technology has also supported the shift towards electronic payments.

It provides in-depth analysis of the following –
– Analyzes consumer attitudes to financial services by lifestage.
– Analyzes the major payment card types in terms of both card holding and usage.
– Identifies the major competitors in card issuing and how their position in the market has changed over the last five years.
– Considers consumer attitudes towards P2P tools, mobile payment tools, and contactless cards, and how companies in Singapore are deploying these tools to meet customer needs.
– Explores the online payment market in Singapore by merchant type and payment tool, as well as providing a five-year forecast for the development of the market.

Scope

– In Singapore contactless technology has been extended to enable cash withdrawals at ATMs. UOB has launched an ATM that enables customers to withdraw cash by tapping their smartphone on the unit’s screen. The first two contactless ATMs were deployed in Raffles Place and Alexandra in October 2016.
– In August 2017 the Payments Council took a decision to develop a common Singapore QR code system. The system will accept electronic payments from both domestic and international payment schemes, e-wallets, and banks.
– NETS was established in 1985 by a consortium of DBS Bank, OCBC Bank, and UOB. It is recognized by the Monetary Authority of Singapore as the national payment system.

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Fia Rua, Deerpark

Bunratty, Co. Clare, Ireland

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Report: REP000349282

South Africa: Country Intelligence Report

South Africa: Country Intelligence Report

News5050 – Market Report

January 14, 2018

The Report:

“South Africa: Country Intelligence Report”, a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in South Africa today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and pay-TV segments, as well as a review of key regulatory trends.

In 2017, South Africa will generate total telecom service revenue of $10.2bn. Going forward, we expect the telecom service revenue in South Africa to decline at a CAGR of -3.6% in USD during 2016-2022. However, in local currency, the revenue will expand by 4.6%, reflecting currency depreciation. This growth will come from a steady rise in adoption of mobile and fixed broadband services. Mobile voice will remain the largest revenue-contributing segment in 2017. Mobile data will grow at a CAGR of 0.7% during 2017-2022, driven by rapid growth of smartphones and growing adopton of LTE/LTE-A services. Going forward, operators will focus on investments in LTE and fiber-optic network expansions to increase broadband penetration in the country.

The Country Intelligence Report provides in-depth analysis of the following –
– Demographic and macroeconomic context in South Africa.
– The regulatory environment and trends: a review of the regulatory setting and agenda for the next 18-24 months as well as relevant developments pertaining to spectrum licensing, national broadband plans, tariff regulation and more.
– Telecom services market outlook: analysis as well as historical figures and forecasts of service revenue from the fixed telephony, broadband, mobile voice, mobile data and pay-TV markets.
– The competitive landscape: an examination of the positioning of leading players in terms of revenue market shares across segments in the telecom services market.
– Company snapshots: analysis of the financial position of leading service providers in the telecommunications markets.
– Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Scope

– The overall telecom service revenue in South Africa will decline at a CAGR of 3.6% during 2017-2022.
– Mobile revenue will account for 76.6% of the total telecom revenue in 2022, driven by a projected rise in adoption of LTE/LTE-A services.
– 3G will be the leading mobile technology segment by subscriptions over 2018-2022. Increasing demand for faster data services and LTE network expansion will drive 4G subscriber growth over the forecast period.
– The top three mobile operators, Vodacom South Africa, MTN South Africa and CELL C, will account for 94.2% share of overall mobile subscriptions in 2017. Operators will continue to focus on network investments and coverage expansion, fiber deployments and appealing prepaid and postpaid plus value-added services offerings to acquire customers and drive telecom market revenue.

About Research and Experts:

Research and Experts brings you to the latest reports in market research on Telecommunications and much more.

Contact:

John Caldwell

Fia Rua, Deerpark

Bunratty, Co. Clare, Ireland

Check out Market Reports at www.researchandexperts.com

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Report: REP000349292