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Moroccos Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

Published By :

Timetric

Published Date : Mar 2015

Category :

Banking

No. of Pages : 89 Pages

 Synopsis

The report provides top-level market analysis, information and insights into Morocco's cards and payments industry, including:

  • Current and forecast values for each category of Morocco's cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards.
  • Comprehensive analysis of the industry’s market attractiveness and future growth areas.
  • Analysis of various market drivers and regulations governing Morocco's cards and payments industry.
  • Detailed analysis of marketing strategies adopted for selling debit, credit, charge and prepaid cards used by banks and other institutions in the market.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of Morocco's cards and payments industry.

Executive summary

  • Timetric’s Morocco's Cards and Payments Industry, Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape report provides detailed analysis of market trends in Morocco's cards and payments industry. It provides values and volumes of a number of Key Performance Indicators (KPIs) operating in the industry, including check payments, credit transfers, direct debits and payment cards during the review period (2009-2013).
  • The report also analyses various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and transaction volume, during the review period and over the forecast period (2014-2018). Additionally, it offers information pertaining to the competitive landscape in the country, including market shares of issuers and schemes.
  • This brings together Timetric’s research, modeling, and analysis expertise, to develop an insightful report. This allows banks and card issuers to identify segment dynamics, competitive advantage and profiles of card issuers operating in the country. The report also covers a detailed regulatory policies and recent changes in regulatory structure and information, on card fraud statistics.
Scope

  • This report provides a comprehensive analysis of Morocco's cards and payments industry.
  • It provides current values for Morocco's cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting Morocco's cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details the marketing strategies used by various banks and other institutions.
  • It profiles major banks in Morocco's cards and payments industry.
Reasons to buy

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

Key highlights

  • In 2013, check payments and credit transfers were the most popular payment instruments, having a combined industry share of XX.X% in terms of transaction value, while the share of payment cards increased from X.X% in 2009 to X.X% by the end of 2013. The share of payment cards is rising as the government and banks promote awareness levels and associated benefits among consumers and merchants.
  • In terms of the number of cards in circulation, Moroccan payment cards (including debit, credit and charge cards) registered a positive growth during the review period at a compound annual growth rate (CAGR) of XX.XX%, rising from X.X million in 2009 to XX.X million in 2013. In terms of transaction value, payment cards valued to MADXXX.X billion (US$XX.X billion) in 2013, after registering a review-period CAGR of XX.XX%.
  • Banks and retail outlets in Morocco expanded their infrastructure networks during the review period. The number of automatic teller machines (ATMs) installed grew at a CAGR of X.XX%. The increasing acceptance of debit and credit cards at retail outlets and a consumer shift towards making purchases directly with cards resulted in an increasing number of point-of-service (POS) transactions during the review period. The number of POS terminals in Morocco recorded a review-period CAGR of X.XX%.
Table of Contents

1 Key Facts and Top Events

2 Executive Summary

3 Payment Instruments
3.1 Current Payments Environment
3.2 Alternative Payment Instruments
3.2.1 Morocco Télécommerce
3.2.2 PayPal
3.2.3 PayZone
3.2.4 AmanPay
3.2.5 Cashu
3.2.6 Ukash

4 Market Attractiveness and Future Prospects of Cards and Payments

5 Analysis of Cards and Payments Industry Drivers
5.1 Demographic Drivers
5.2 Economic Drivers
5.3 Infrastructure Drivers
5.4 Business Drivers

6 Emerging Consumer Attitudes and Trends
6.1 Market Segmentation and Targeting
6.1.1 Consumer cards
6.1.2 Commercial cards
6.2 Travel Spending
6.2.1 Outbound trips volume and spending
6.2.2 Inbound trips volume and spending

7 Payment Cards
7.1 Payment Cards Instrument Analysis
7.1.1 Number of cards in circulation by card type
7.1.2 Transaction volume by card type
7.1.3 Transaction value by card type
7.1.4 Personal vs commercial cards

8 Debit Cards
8.1 Debit Cards Market Analysis
8.1.1 Number of debit cards in circulation
8.1.2 Debit cards transaction volume by channel
8.1.3 Debit cards transaction value by channel
8.1.4 Number of debit cards in circulation by scheme
8.1.5 Debit cards transaction value by scheme
8.1.6 Debit cards issuers market shares
8.1.7 Debit cards comparison

9 Credit Cards
9.1 Credit Cards Market Analysis
9.1.1 Number of credit cards in circulation
9.1.2 Credit cards transaction volume by channel
9.1.3 Credit cards transaction value by channel
9.1.4 Number of credit cards in circulation by scheme
9.1.5 Credit cards transaction value by scheme
9.1.6 Credit cards issuers market share
9.1.7 Credit cards comparison

10 Charge Cards
10.1 Charge Cards Market Analysis
10.1.1 Number of charge cards in circulation
10.1.2 Charge cards transaction volume by channel
10.1.3 Charge cards transaction value by channel
10.1.4 Number of charge cards in circulation by scheme
10.1.5 Charge cards transaction value by scheme
10.1.6 Charge cards comparison

11 Commercial Cards
11.1 Commercial Cards Market Analysis
11.1.1 Number of commercial cards in circulation
11.1.2 Commercial cards transaction value
11.1.3 Commercial credit cards
11.1.4 Commercial charge cards
11.1.5 Commercial cards comparison

12 Regulations in the Cards and Payments Industry
12.1 Regulatory Framework
12.2 Anti-Money Laundering and Combating of Terrorism Financing (AML and CTF)
12.3 Foreign Direct Investment (FDI) Regulations

13 Card Fraud Statistics
13.1 Card Fraud Analysis

14 Card Issuers
14.1 Banque Centrale Populaire
14.2 Banque Marocaine du Commerce Exterieur
14.3 Attijariwafa Bank
14.4 Banque Marocaine Pour Le Commerce et l'industrie
14.5 Crédit du Maroc

15 Card Schemes
15.1 Visa
15.2 MasterCard

16 Prepaid Cards
16.1 Prepaid Cards Market Analysis
16.1.1 Number of prepaid cards in circulation
16.1.2 Prepaid cards transaction value
16.1.3 Open-loop prepaid cards
16.1.4 Closed-loop prepaid cards
16.1.5 Prepaid cards comparison

17 Appendix
17.1 Tables
17.2 Methodology
17.3 Contact Timetric
17.4 About Timetric
17.5 Timetric’s Services
17.6 Definitions
17.7 Disclaimer

List of Table

Table 1: Morocco – Key Facts, 2013
Table 2: Regional Benchmarking of Moroccan Payment Cards, 2013
Table 3: Morocco – Cards for High-Income Consumers, 2014
Table 4: Morocco – Cards for Female Population, 2014
Table 5: Morocco – Cards for Online Shoppers, 2014
Table 6: Morocco – Cards for Students and Young Population, 2014
Table 7: Morocco – Cards for Frequent Travelers, 2014
Table 8: Morocco – Cards for Business Customers
Table 9: Morocco – Regional Benchmarking of Moroccan Debit Cards, 2013
Table 10: Morocco – Debit Cards Comparison and Key Features
Table 11: Morocco – Regional Benchmarking of Moroccan Credit Cards, 2013
Table 12: Morocco – Gold Credit Cards Comparison and Key Features
Table 13: Morocco – Premium Credit Cards Comparison and Key Features
Table 14: Regional Benchmarking of Moroccan Charge Cards, 2013
Table 15: Morocco – Charge Cards Comparison and Key Features
Table 16: Morocco – Commercial Cards Comparison and Key Features, 2014
Table 17: Morocco – Market Entry Strategies of Foreign Banks and Institutions
Table 18: Morocco – Regional Benchmarking of Moroccan Prepaid Cards, 2013
Table 19: Morocco – Prepaid Cards Comparison and Key Features
Table 20: Morocco – Payment Instruments Transaction Value (MAD Billion), 2009–2013
Table 21: Morocco – Payment Instruments Transaction Value (US$ Billion), 2009–2013
Table 22: Morocco – Payment Instruments Transaction Volume (Million), 2009–2013
Table 23: Morocco – Number of Cards in Circulation by Card Types (Thousand), 2009–2018
Table 24: Morocco – Transaction Volume by Card Type (Million), 2009–2018
Table 25: Morocco – Transaction Value by Card Type (MAD Billion), 2009–2018
Table 26: Morocco – Transaction Value by Card Type (US$ Million), 2009–2018
Table 27: Morocco – Personal and Commercial Cards Transaction Value (MAD Billion), 2009–2018
Table 28: Morocco – Personal and Commercial Cards Transaction Value (US$ Million), 2009–2018
Table 29: Morocco – Number of Debit Cards in Circulation (Million), 2009–2018
Table 30: Morocco – Debit Cards Transaction Volume and Frequency by Channel, 2009–2018
Table 31: Morocco – Debit Cards Total and Average Transaction Value by Channel, 2009–2018
Table 32: Morocco – Debit Cards Total and Average Transaction Value by Channel, 2009–2018
Table 33: Morocco – Number of Debit Cards in Circulation By Scheme (Thousand), 2009–2013
Table 34: Morocco – Debit Cards Transaction Value By Scheme (MAD Million), 2009–2013
Table 35: Morocco – Debit Cards Transaction Value By Scheme (US$ Million), 2009–2013
Table 36: Morocco – Debit Cards Transaction Value by Issuer (MAD Million), 2009–2013
Table 37: Morocco – Debit Cards Transaction Value by Issuer (US$ Million), 2009–2013
Table 38: Morocco – Number of Credit Cards in Circulation (Thousand), 2009–2018
Table 39: Morocco – Credit Cards Transaction Volume and Frequency by Channel, 2009–2018
Table 40: Morocco – Credit Cards Total and Average Transaction Value by Channel, 2009–2018
Table 41: Morocco – Credit Cards Total and Average Transaction Value by Channel, 2009–2018
Table 42: Morocco – Number of Credit Cards in Circulation By Scheme (Thousand), 2009–2013
Table 43: Morocco – Credit Cards Transaction Value By Scheme (MAD Million), 2009–2013
Table 44: Morocco – Credit Cards Transaction Value By Scheme (US$ Million), 2009–2013
Table 45: Morocco – Credit Cards Transaction Value By Issuer (MAD Million), 2009–2013
Table 46: Morocco – Credit Cards Transaction Value By Issuer (US$ Million), 2009–2013
Table 47: Morocco – Credit Cards Balance Outstanding By Issuer (MAD Million), 2009–2013
Table 48: Morocco – Credit Cards Balance Outstanding By Issuer (US$ Million), 2009–2013
Table 49: Morocco – Number of Charge Cards in Circulation (Thousand), 2009–2018
Table 50: Morocco – Charge Cards Transaction Volume and Frequency by Channel, 2009–2018
Table 51: Morocco – Charge Cards Total and Average Transaction Value by Channel, 2009–2018
Table 52: Morocco – Charge Cards Total and Average Transaction Value by Channel, 2009–2018
Table 53: Morocco – Number of Charge Cards in Circulation By Scheme (Thousand), 2009–2013
Table 54: Morocco – Charge Cards Transaction Value By Scheme (MAD Million), 2009–2013
Table 55: Morocco – Charge Cards Transaction Value By Scheme (US$ Million), 2009–2013
Table 56: Morocco – Number of Commercial Cards in Circulation (Thousand), 2009–2018
Table 57: Morocco – Commercial Cards Transaction Value (MAD Million), 2009–2018
Table 58: Morocco – Commercial Cards Transaction Value (US$ Million), 2009–2018
Table 59: Morocco – Commercial Credit Cards, 2009–2018
Table 60: Morocco – Commercial Charge Cards, 2009–2018
Table 61: Morocco – Card Fraud (MAD Million), 2009–2013
Table 62: Morocco – Card Fraud (US$ Million), 2009–2013
Table 63: Morocco – Number of Prepaid Cards in Circulation (Thousand), 2009–2018
Table 64: Morocco – Prepaid Cards Transaction Value (MAD Million), 2009–2018
Table 65: Morocco – Prepaid Cards Transaction Value (US$ Million), 2009–2018
Table 66: Morocco – Open-Loop Prepaid Cards, 2009–2018
Table 67: Morocco – Closed-Loop Prepaid Cards, 2009–2018
Table 68: Key Definitions

List of Chart

Figure 1: Morocco – Payment Instrument Shares by Transaction Value (%), 2009 and 2013
Figure 2: Morocco – Payment Instrument Shares by Transaction Volume (%), 2009 and 2013
Figure 3: Morocco – Payment Cards Transaction Value and Growth, 2009–2018
Figure 4: Morocco – Total Population (Million) and Proportion Aged Over 65 Years, 2009–2018
Figure 5: Morocco – Nominal GDP Per Capita (US$) and Real GDP Growth Rate (%), 2009–2018
Figure 6: Morocco – Volume of ATMs and Penetration, 2009–2018
Figure 7: Morocco – Volume of POS Terminals and Penetration, 2009–2018
Figure 8: Morocco – E-Commerce Value (MAD Million), 2009–2018
Figure 9: Morocco – Cards and Payments Industry Segmentation by Card Type, 2014
Figure 10: Morocco – Outbound Trips Volume and Spending, 2009–2018
Figure 11: Morocco – Inbound Trips Volume and Spending, 2009–2018
Figure 12: Morocco – Card Shares In Terms of Numbers in Circulation (%), 2009–2018
Figure 13: Morocco – Card Shares in Terms of Transaction Volume (%), 2009–2018
Figure 14: Morocco – Card Shares in Terms of Transaction Value (%), 2009–2018
Figure 15: Morocco – Personal and Commercial Cards, Transaction Value (MAD Million), 2009–2018
Figure 16: Morocco – Number of Debit Cards in Circulation (Million), 2009–2018
Figure 17: Morocco – Debit Cards Transaction Volume by Channel (Million), 2009–2018
Figure 18: Morocco – Debit Cards Transaction Value by Channel (MAD Billion), 2009–2018
Figure 19: Morocco – Debit Cards Scheme Market Shares in Terms of the Number of Cards in Circulation (%), 2013
Figure 20: Morocco – Debit Cards Scheme Market Shares in Terms of Transaction Value (%), 2013
Figure 21: Morocco – Debit Cards Issuers’ Market Shares in Terms of Transaction Value (%), 2013
Figure 22: Morocco – Number of Credit Cards in Circulation (Thousand), 2009–2018
Figure 23: Morocco – Credit Cards Transaction Volume by Channel (Thousand), 2009–2018
Figure 24: Morocco – Credit Cards Transaction Value by Channel (MAD Million), 2009–2018
Figure 25: Morocco – Credit Cards Scheme Market Shares in Terms of the Number of Cards in Circulation (%), 2013
Figure 26: Morocco – Credit Cards Scheme Market Shares in Terms of Transaction Value (%), 2013
Figure 27: Morocco – Credit Cards Issuers’ Market Shares in Terms of Transaction Value (%), 2013
Figure 28: Morocco – Credit Cards Issuers’ Market Shares in Terms of Outstanding Balance (%), 2013
Figure 29: Morocco – Number of Charge Cards in Circulation (Thousand), 2009–2018
Figure 30: Morocco – Charge Cards Transaction Volume by Channel (Thousand), 2009–2018
Figure 31: Morocco – Charge Cards Transaction Value by Channel (MAD Million), 2009–2018
Figure 32: Morocco – Charge Cards Scheme Market Shares in Terms of the Number of Cards in Circulation (%), 2013
Figure 33: Morocco – Charge Cards Scheme Market Shares in Terms of Transaction Value (%), 2013
Figure 34: Morocco – Number of Commercial Cards in Circulation (Thousand), 2009–2018
Figure 35: Morocco – Commercial Cards Transaction Value (MAD Million), 2009–2018
Figure 36: Morocco – Shares of Various Types of Card Fraud in Terms of Transaction Value (%), 2009 and 2013
Figure 37: Morocco – Number of Prepaid Cards in Circulation (Thousand), 2009–2018
Figure 38: Morocco – Prepaid Cards Transaction Value (MAD Million), 2009–2018

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