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

Published By :

Timetric

Published Date : Jun 2016

Category :

Banking

No. of Pages : 47 Pages

Synopsis
Timetrics 'The Cards and Payments Industry in Iran: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments and payment cards during the review period (20112015).

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 (20162020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetrics 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
Timetrics 'The Cards and Payments Industry in Iran: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Iranian cards and payments industry, including:

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

Detailed insights into payment instruments including checks and payment cards. It also, includes an overview of the country's key alternative payment instruments.

Analysis of various market drivers and regulations governing the Iranian 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 Iranian cards and payments industry.

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

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

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

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

Assess the competitive dynamics in the Iranian cards and payments industry.

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

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

Key Highlights
Iranian banks were disconnected from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system in March 2012, due to international sanctions placed on Iran by the US as a result of its nuclear program. Banks in Iran were reconnected to the SWIFT system in February 2016, as the sanctions were lifted. This allows banks in Iran to resume cross-border transactions with foreign counterparts. This is anticipated to support the growth in the countrys cards and payments industry.

The lifting of sanctions is expected to encourage more foreign banks to expand operations in Iran. South Koreas Woori Bank opened a representative office in May 2016. In April 2016, the governors of the Central Bank of Iran and the National Bank of Kazakhstan signed a memorandum of understanding (MoU) on the expansion of banking ties between Iran and Kazakhstan. Furthermore, Belgium's KBC Bank and Germany's DZ Bank have started to handle European clients doing business in Iran.

International scheme providers such as MasterCard, JCB and China UnionPay (CUP) are gradually making inroads into Iran. In December 2015, MasterCard announced plans to enter Iran market once sanctions were lifted. It launched a channel on instant messaging app Telegram, through which it sends posts in Persian to attract Iranian consumers. In February 2016, the Central Bank of Iran announced that JCB credit cards would be issued in the country from the second half of 2016. The increasing presence of international issuers and schemes is expected to bring more investment and competition into the Iranian payment cards market.
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 Alternative Payments
5.1 Alternative Payment Instruments
5.1.1 Zrynpal
5.1.2 Jiring
6 Regulations in the Cards and Payments Industry
6.1 Regulatory Framework
6.2 Anti-Money Laundering (AML)
6.3 Foreign Direct Investment (FDI) Regulations
7 Analysis of Cards and Payments Industry Drivers
7.1 Demographic Drivers
7.2 Economic Drivers
7.3 Infrastructure Drivers
7.4 Business Drivers
8 Market Segmentation
8.1 Market Segmentation and Targeting
8.1.1 Consumer cards
8.1.2 Commercial cards
9 Payment Cards
9.1 Payment Cards Market Analysis
9.1.1 Volume and value of payment card transactions by type
10 Debit Cards
10.1 Debit Card Market Analysis
10.1.1 Turnover per debit card and transaction values by channel
10.1.2 Debit card scheme and issuer shares in terms of transaction value
10.1.3 Debit cards comparison
11 Pay Later Cards
11.1 Pay Later Card Market Analysis
11.1.1 Turnover per pay later card and transaction values by channel
11.1.2 Pay later card scheme and issuer shares in terms of transaction value
11.1.3 Pay later cards comparison
12 Commercial Pay Later Cards
12.1 Commercial Pay Later Cards Market Analysis
12.1.1 Commercial credit cards comparison
13 Prepaid Cards
13.1 Prepaid Card Market Analysis
13.1.1 Prepaid cards comparison
14 Appendix
14.1 Tables
14.2 Contact Timetric
14.3 About Timetric
14.4 Timetrics Services
14.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Iran Key Facts, 2015
Table 4: Regional Benchmarking of Iranian Payment Cards, 2015
Table 5: Iran Mode of Entry of Foreign Banks
Table 6: Cards for Students and Young Population, 2016
Table 7: Commercial Cards Comparison and Key Features, 2016
Table 8: Iran Debit Cards Comparison and Key Features, 2016
Table 9: Iran Gold Credit Cards Comparison and Key Features, 2016
Table 10: Iran Commercial Credit Cards Comparison and Key Features, 2016
Table 11: Iran Prepaid Cards Comparison and Key Features, 2016
Table 12: Iran Payment Instrument Transaction Values (IRR Billion), 20112015
Table 13: Iran Payment Instrument Transaction Values (US$ Billion), 20112015
Table 14: Iran Payment Instrument Transaction Volumes (Million), 20112015
Table 15: Iran Number of Payment Cards in Circulation by Type (Million), 20112020
Table 16: Iran Volume of Payment Card Transactions by Type (Million), 20112020
Table 17: Iran Value of Payment Card Transactions by Type (IRR Trillion), 20112020
Table 18: Iran Value of Payment Card Transactions by Type (US$ Billion), 20112020
Table 19: Iran Number of Debit Cards in Circulation (Million), 20112020
Table 20: Iran Debit Card Transaction Volumes and Frequency by Channel, 20112020
Table 21: Iran Debit Card Total and Average Transaction Values by Channel, 20112020
Table 22: Iran Debit Card Total and Average Transaction Values by Channel, 20112020
Table 23: Iran Number of Debit Cards in Circulation by Scheme (Million), 20112015
Table 24: Iran Debit Card Transaction Values by Scheme (IIR Quadrillion), 20112015
Table 25: Iran Debit Card Transaction Values by Scheme (US$ Billion), 20112015
Table 26: Iran Debit Card Transaction Values by Issuer (IRR Trillion), 20112015
Table 27: Iran Debit Card Transaction Values by Issuer (US$ Billion), 20112015
Table 28: Iran Number of Pay Later Cards in Circulation (Million), 20112020
Table 29: Iran Pay Later Card Transaction Volumes and Frequency by Channel, 20112020
Table 30: Iran Pay Later Card Total and Average Transaction Values by Channel, 20112020
Table 31: Iran Pay Later Card Total and Average Transaction Values by Channel, 20112020
Table 32: Iran Number of Pay Later Cards in Circulation by Scheme (Million), 20112015
Table 33: Iran Pay Later Card Transaction Values by Scheme (IRR Trillion), 20112015
Table 34: Iran Pay Later Card Transaction Values by Scheme (US$ Billion), 20112015
Table 35: Iran Pay Later Card Transaction Values by Issuer (IRR Billion), 20112015
Table 36: Iran Pay Later Card Transaction Values by Issuer (US$ Million), 20112015
Table 37: Iran Personal and Commercial Pay Later Card Transaction Volumes (Million), 20112020
Table 38: Iran Personal and Commercial Pay Later Card Transaction Values (IRR Trillion), 20112020
Table 39: Iran Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 20112020
Table 40: Iran Number of Commercial Pay Later Cards in Circulation (Thousand), 20112020
Table 41: Iran Commercial Pay Later Card Transaction Volumes (Million), 20112020
Table 42: Iran Commercial Pay Later Card Transaction Values (IRR Trillion), 20112020
Table 43: Iran Commercial Pay Later Card Transaction Values (US$ Million), 20112020
Table 44: Iran Number of Prepaid Cards in Circulation (Million), 20112020

List of Figures
Figure 1: Iran Payment Instrument Shares by Transaction Value (%), 2011 vs 2015
Figure 2: Iran Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015
Figure 3: Iran Total Population and Structure
Figure 4: Iran Economic Indicators
Figure 5: Iran Number of ATMs and POS Terminals
Figure 6: Iran Real Household Consumption and Outbound Tourism Expenditure
Figure 7: Iran Segmentation by Card Type
Figure 8: Iran Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 20112020
Figure 9: Iran Volume and Value of Payment Card Transactions by Type (%), 20112020
Figure 10: Iran Debit Card Penetration and Number of Debit Cards in Circulation, 20112020
Figure 11: Iran Turnover Per Debit Card and Transaction Values by Channel, 20112020
Figure 12: Iran Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 13: Iran Pay Later Card Penetration and Number of Pay Later Cards in Circulation, 20112020
Figure 14: Iran Turnover Per Pay Later Card and Transaction Values by Channel, 20112020
Figure 15: Iran Pay Later Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 16: Iran Commercial vs Personal Pay Later Cards, Transaction Volumes and Values (%), 20112020
Figure 17: Iran Number of Commercial Pay Later Cards in Circulation, Transaction Value and Volume, 20112020
Figure 18: Iran Number of Prepaid Cards in Circulation, 20112020

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