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

Published By :

Timetric

Published Date : Oct 2016

Category :

Cards & Payments

No. of Pages : 50 Pages

Synopsis
Timetrics 'The Cards and Payments Industry in Lebanon: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Lebanese 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 Lebanon: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Lebanese cards and payments industry, including:

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

Detailed insights into payment instruments including check payments 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 Lebanese cards and payments industry.

Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Comprehensive analysis of consumer attitudes and buying preferences for cards.

The competitive landscape in Lebanese cards and payments industry.

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

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

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

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

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

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

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

Key Highlights
To prevent money laundering and the misuse of prepaid cards, Banque du Liban (the central bank of Lebanon) issued a circular in March 2016, directing banks and financial institutions to discontinue issuing and marketing prepaid cards. However, this circular was amended in May 2016, allowing banks to issue prepaid cards only to accountholders. International issuers are also allowed to issue prepaid cards, with the central banks approval.

The United Nations High Commissioner for Refugees (UNHCR) launched the Multipurpose Cash Assistance Program (MCAP) in August 2014, to serve the increasing Syrian refugee population, which stood at around 1.1 million in February 2016. By May 2015, 12,807 refugee families were offered cash assistance via payment cards issued through this program by CSC. Similarly, the Lebanon Cash Consortium (LCC) partnered with the World Food Program (WFP) in December 2014, to launch the OneCard electronic payment card. This card can be used for ATM cash withdrawals, as well as in-store payments at partner retailers.

To offer easier access to banking service, Bank Audi launched its Novo branch in December 2014. This branch offers interactive teller machines (ITMs) and an ultra-modern space catering to consumers financial needs. An ITM offers live video assistance, and can be used by consumers to manage bank accounts, deposit and withdraw cash, deposit and cash checks, transfer money and pay bills. The bank also offers a Novo advisory room which can be used to open bank accounts and instantly obtain debit cards. The Novo branch is open 365 days a year, and is expected to provide a convenient and interactive banking experience to consumers.
Table of Contents
1 DEFINITIONS AND METHODOLOGY
1.1 Definitions
1.2 Methodology
2 KEY FACTS AND HIGHLIGHTS
3 EXECUTIVE SUMMARY
4 PAYMENT INSTRUMENTS
5 E-COMMERCE AND ALTERNATIVE PAYMENTS
5.1 E-Commerce Market and Payment Methods
5.2 Alternative Payment Solutions
5.2.1 Fortumo
5.2.2 LibanCall Plus
5.2.3 Boku
5.2.4 Simba
5.2.5 CashU
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
8 PAYMENT CARDS
9 DEBIT CARDS
9.1 Debit Card Market Analysis
9.2 Debit Card Scheme and Issuer Shares
9.3 Debit Card Comparison
10 PAY LATER CARDS
10.1 Pay Later Cards Market Analysis
10.2 Pay Later Cards Scheme and Issuer Shares
10.3 Pay Later Cards Comparison
11 PREPAID CARDS
12 APPENDIX
12.1 Tables
12.2 Contact Timetric
12.3 About Timetric
12.4 Timetrics Services
12.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Lebanon Key Facts, 2015
Table 4: Regional Benchmarking of Lebanons Payment Cards, 2015
Table 5: Lebanon Mode of Entry of Foreign Banks
Table 6: Lebanon Debit Cards Comparison and Key Features, 2016
Table 7: Lebanon Gold Credit Cards Comparison and Key Features, 2016
Table 8: Lebanon Premium Credit Cards Comparison and Key Features, 2016
Table 9: Lebanon Charge Cards Comparison and Key Features, 2016
Table 10: Lebanon Payment Instrument Transaction Values (LBP Trillion), 20112015
Table 11: Lebanon Payment Instrument Transaction Values (US$ Billion), 20112015
Table 12: Lebanon Payment Instrument Transaction Volumes (Million), 20112015
Table 13: Lebanon Number of Payment Cards in Circulation by Type (Million), 20112020
Table 14: Lebanon Volume of Payment Cards Transactions by Type (Million), 20112020
Table 15: Lebanon Value of Payment Cards Transactions by Type (LBP Billion), 20112020
Table 16: Lebanon Value of Payment Cards Transactions by Type (US$ Billion), 20112020
Table 17: Lebanon Number of Debit Cards in Circulation (Million), 20112020
Table 18: Lebanon Debit Card Transaction Volumes and Frequency by Channel, 20112020
Table 19: Lebanon Debit Card Total and Average Transaction Values by Channel, 20112020
Table 20: Lebanon Debit Card Total and Average Transaction Values by Channel, 20112020
Table 21: Lebanon Number of Debit Cards in Circulation by Scheme (Thousand), 20112015
Table 22: Lebanon Debit Card Transaction Values by Scheme (LBP Trillion), 20112015
Table 23: Lebanon Debit Card Transaction Values by Scheme (US$ Billion), 20112015
Table 24: Lebanon Debit Card Transaction Values by Issuer (LBP Billion), 20112015
Table 25: Lebanon Debit Card Transaction Values by Issuer (US$ Billion), 20112015
Table 26: Lebanon Number of Pay Later Cards in Circulation (Thousand), 20112020
Table 27: Lebanon Pay Later Cards Transaction Volumes and Frequency by Channel, 20112020
Table 28: Lebanon Pay Later Cards Total and Average Transaction Values by Channel, 20112020
Table 29: Lebanon Pay Later Cards Total and Average Transaction Values by Channel, 20112020
Table 30: Lebanon Number of Pay Later Cards in Circulation by Scheme (Thousand), 20112015
Table 31: Lebanon Pay Later Cards Transaction Values by Scheme (LBP Billion), 20112015
Table 32: Lebanon Pay Later Cards Transaction Values by Scheme (US$ Million), 20112015
Table 33: Lebanon Pay Later Cards Transaction Values by Issuer (LBP Billion), 20112015
Table 34: Lebanon Pay Later Cards Transaction Values by Issuer (US$ Million), 20112015
Table 35: Lebanon Number of Credit Cards in Circulation (Thousand), 20112020
Table 36: Lebanon Credit Card Transaction Volumes and Frequency by Channel, 20112020
Table 37: Lebanon Credit Card Total and Average Transaction Values by Channel, 20112020
Table 38: Lebanon Credit Card Total and Average Transaction Values by Channel, 20112020
Table 39: Lebanon Number of Credit Cards in Circulation by Scheme (Thousand), 20112015
Table 40: Lebanon Credit Card Transaction Values by Scheme (LBP Billion), 20112015
Table 41: Lebanon Credit Card Transaction Values by Scheme (US$ Million), 20112015
Table 42: Lebanon Number of Charge Cards in Circulation (Thousand), 20112020
Table 43: Lebanon Charge Card Transaction Volumes and Frequency by Channel, 20112020
Table 44: Lebanon Charge Card Total and Average Transaction Values by Channel, 20112020
Table 45: Lebanon Charge Card Total and Average Transaction Values by Channel, 20112020
Table 46: Lebanon Number of Charge Cards in Circulation by Scheme (Thousand), 20112015
Table 47: Lebanon Charge Card Transaction Values by Scheme (LBP Billion), 20112015
Table 48: Lebanon Charge Card Transaction Values by Scheme (US$ Million), 20112015
Table 49: Lebanon Personal and Commercial Pay Later Cards Transaction Volumes (Million),
Table 50: Lebanon Personal and Commercial Pay Later Cards Transaction Values (LBP Billion),
Table 51: Lebanon Personal and Commercial Pay Later Cards Transaction Values (US$ Billion),
Table 52: Lebanon Number of Commercial Pay Later Cards in Circulation (Thousand), 20112020
Table 53: Lebanon Commercial Pay Later Cards Transaction Volumes (Million), 20112020
Table 54: Lebanon Commercial Pay Later Cards Transaction Values (LBP Billion), 20112020
Table 55: Lebanon Commercial Pay Later Cards Transaction Values (US$ Million), 20112020
Table 56: Lebanon Number of Prepaid Cards in Circulation (Million), 20112020
Table 57: Lebanon Prepaid Card Transaction Values (LBP Billion), 20112020
Table 58: Lebanon Prepaid Card Transaction Values (US$ Million), 20112020

List of Figures
Figure 1: Lebanon Payment Instrument Shares by Transaction Value (%), 2011 vs. 2015
Figure 2: Lebanon Payment Instrument Shares by Transaction Volume (%), 2011 vs. 2015
Figure 3: Lebanon E-Commerce Value, 20112020
Figure 4: Lebanon Population
Figure 5: Lebanon Economic Indicators
Figure 6: Lebanon ATMs and POS Terminals
Figure 7: Lebanon Household Consumption
Figure 8: Lebanon Growth in Payment Cards Transaction Values and Number of Cards in Circulation by Type, 20112020
Figure 9: Lebanon Debit Card Penetration and Turnover Per Debit Card
Figure 10: Lebanon Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 11: Lebanon Pay Later Cards Penetration and Turnover Per Pay Later Card
Figure 12: Lebanon Pay Later Cards Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 13: Lebanon Number of Prepaid Cards in Circulation and Transaction Value, 20112020

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