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

Published By :

Timetric

Published Date : Aug 2016

Category :

Banking

No. of Pages : 45 Pages

Synopsis
Timetrics 'The Cards and Payments Industry in New Zealand: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the New Zealand cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, payment cards, direct debits and credit transfers 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 New Zealand: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the New Zealand cards and payments industry, including:

Current and forecast values for each market in the New Zealand cards and payments industry, including debit and pay later cards.

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

E-commerce market analysis and payment types.

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

Detailed analysis of strategies adopted by banks and other institutions to market debit and pay later cards.

Comprehensive analysis of consumer attitudes and buying preferences for cards.

The competitive landscape in the New Zealand cards and payments industry.

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

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

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

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

Assess the competitive dynamics in the New Zealand cards and payments industry.

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

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

Key Highlights
Banks in New Zealand are focusing on innovation to improve services for individual and business customers. For instance, Westpac launched the Westpac One digital banking platform in February 2015. Westpac One can be used on smartphones, tablets and desktops to apply for everyday banking products such as accounts, term deposits, home and personal loans, and credit cards. Similarly, in October 2015, Australia and New Zealand Banking Group Ltd (ANZ) updated its FastPay mobile banking app, which was initially launched in October 2013. The app allows business customers to process Visa, MasterCard and EFTPOS transactions using smartphones. With ANZ FastPay, users can have more than one card reader, smartphone or tablet linked to a single business account. The bank intends to extend the service to a wide range of businesses such as gardeners, plumbers and personal trainers.

Chinese students and tourists are the largest pool of overseas residents in New Zealand. To serve these consumers, ANZ started accepting UnionPay payment cards at its ATMs and POS terminals from January 2016. ANZ has also become the first bank in the country to accept Quick Pass, Union Pay's contactless m-payment service. Similarly, Industrial and Commercial Bank of China (New Zealand) offers a wide range of banking services to Chinese consumers in New Zealand, including bank accounts, remittance services and dual-currency cards.

Alternative payments are slowly gaining traction among New Zealanders with the emergence of a number of payment options. In December 2015, Visa launched its Visa Checkout online payment service in New Zealand, allowing consumers to make payments simply with a username and password, as opposed to giving credit card details and an expiry date for each transaction. The service enables shoppers to make purchases using a smartphone, tablet, laptop or desktop. In the same month, ANZ Bank launched goMoney Wallet, a contactless m-payment solution. Users can store details of Visa debit or credit cards in the wallet to make payments.
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 E-Commerce and Alternative Payments
5.1 E-Commerce Market and Payment Methods
5.2 Alternative Payment Solutions
5.2.1 PayPal
5.2.2 goMoney Wallet
5.2.3 Visa Checkout
5.2.4 POLi
5.2.5 Paysafecard
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 and Economic Drivers
7.2 Infrastructure and Business Drivers
8 Payment Cards
8.1 Payment Cards Market Analysis
8.1.1 Volume and value of payment card transactions by type
9 Debit Cards
9.1 Debit Card Market Analysis
9.1.1 Turnover per debit card and transaction values by channel
9.1.2 Debit card scheme and issuer shares in terms of transaction value
9.1.3 Debit cards comparison
10 Pay Later Cards
10.1 Pay Later Cards Market Analysis
10.1.1 Turnover per pay later card and transaction values by channel
10.1.2 Pay later cards scheme and issuer shares in terms of transaction value
10.1.3 Pay later cards comparison
11 Commercial Cards
11.1 Commercial Pay Later Cards Market Analysis
11.1.1 Commercial cards comparison
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: New Zealand Key Facts, 2015
Table 4: Regional Benchmarking of New Zealand Payment Cards, 2015
Table 5: New Zealand Mode of Entry of Foreign Banks
Table 6: New Zealand Debit Cards Comparison and Key Features, 2016
Table 7: New Zealand Premium Credit Cards Comparison and Key Features, 2016
Table 8: New Zealand Commercial Cards Comparison and Key Features, 2016
Table 9: New Zealand Payment Instrument Transaction Values (NZD Billion), 20112015
Table 10: New Zealand Payment Instrument Transaction Values (US$ Billion), 20112015
Table 11: New Zealand Payment Instrument Transaction Volumes (Million), 20112015
Table 12: New Zealand Number of Payment Cards in Circulation by Type (Million), 20112020
Table 13: New Zealand Volume of Payment Card Transactions by Type (Million), 20112020
Table 14: New Zealand Value of Payment Card Transactions by Type (NZD Billion), 20112020
Table 15: New Zealand Value of Payment Card Transactions by Type (US$ Billion), 20112020
Table 16: New Zealand Number of Debit Cards in Circulation (Million), 20112020
Table 17: New Zealand Debit Card Transaction Volumes and Frequency by Channel, 20112020
Table 18: New Zealand Debit Card Total and Average Transaction Values by Channel, 20112020
Table 19: New Zealand Debit Card Total and Average Transaction Values by Channel, 20112020
Table 20: New Zealand Number of Debit Cards in Circulation By Scheme (Million), 20112015
Table 21: New Zealand Debit Card Transaction Values By Scheme (NZD Billion), 20112015
Table 22: New Zealand Debit Card Transaction Values By Scheme (US$ Billion), 20112015
Table 23: New Zealand Debit Card Transaction Values by Issuer (NZD Billion), 20112015
Table 24: New Zealand Debit Card Transaction Values by Issuer (US$ Billion), 20112015
Table 25: New Zealand Number of Pay Later Cards in Circulation (Million), 20112020
Table 26: New Zealand Pay Later Card Transaction Volumes and Frequency by Channel, 20112020
Table 27: New Zealand Pay Later Card Total and Average Transaction Values by Channel,
Table 28: New Zealand Pay Later Card Total and Average Transaction Values by Channel,
Table 29: New Zealand Number of Pay Later Cards in Circulation By Scheme (Thousand),
Table 30: New Zealand Pay Later Card Transaction Values By Scheme (NZD Billion), 20112015
Table 31: New Zealand Pay Later Card Transaction Values By Scheme (US$ Billion), 20112015
Table 32: New Zealand Pay Later Card Transaction Values By Issuer (NZD Billion), 20112015
Table 33: New Zealand Pay Later Card Transaction Values By Issuer (US$ Billion), 20112015
Table 34: New Zealand Number of Credit Cards in Circulation (Million), 20112020
Table 35: New Zealand Credit Card Transaction Volumes and Frequency by Channel, 20112020
Table 36: New Zealand Credit Card Total and Average Transaction Values by Channel, 20112020
Table 37: New Zealand Credit Card Total and Average Transaction Values by Channel, 20112020
Table 38: New Zealand Number of Credit Cards in Circulation By Scheme (Thousand), 20112015
Table 39: New Zealand Credit Card Transaction Values By Scheme (NZD Billion), 20112015
Table 40: New Zealand Credit Card Transaction Values By Scheme (US$ Billion), 20112015
Table 41: New Zealand Number of Charge Cards in Circulation (Thousand), 20112020
Table 42: New Zealand Charge Card Transaction Volumes and Frequency by Channel, 20112020
Table 43: New Zealand Charge Card Total and Average Transaction Values by Channel, 20112020
Table 44: New Zealand Charge Card Total and Average Transaction Values by Channel, 20112020
Table 45: New Zealand Number of Charge Cards in Circulation By Scheme (Thousand), 20112015
Table 46: New Zealand Charge Card Transaction Values By Scheme (NZD Million), 20112015
Table 47: New Zealand Charge Card Transaction Values By Scheme (US$ Million), 20112015
Table 48: New Zealand Personal and Commercial Pay Later Card Transaction Volumes (Million), 20112020
Table 49: New Zealand Personal and Commercial Pay Later Card Transaction Values (NZD Billion), 20112020
Table 50: New Zealand Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 20112020
Table 51: New Zealand Number of Commercial Pay Later Cards in Circulation (Thousand), 20112020
Table 52: New Zealand Commercial Pay Later Card Transaction Volumes (Million), 20112020
Table 53: New Zealand Commercial Pay Later Card Transaction Values (NZD Billion), 20112020
Table 54: New Zealand Commercial Pay Later Card Transaction Values (US$ Billion), 20112020

List of Figures
Figure 1: New Zealand Payment Instrument Shares by Transaction Value (%), 2011 vs 2015
Figure 2: New Zealand Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015
Figure 3: New Zealand E-Commerce Value (US$ Billion) and Payment Methods (%)
Figure 4: New Zealand Population and Economic Indicators
Figure 5: New Zealand Number of ATMs and POS Terminals, and Real Household Consumption
Figure 6: New Zealand Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 20112020
Figure 7: New Zealand Volume and Value of Payment Card Transactions by Type (%), 20112020
Figure 8: New Zealand Debit Card Penetration and Number of Cards in Circulation, 20112020
Figure 9: New Zealand Turnover Per Debit Card and Transaction Values by Channel, 20112020
Figure 10: New Zealand Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 11: New Zealand Pay Later Cards Penetration and Number of Pay Later Cards in Circulation, 20112020
Figure 12: New Zealand Turnover Per Pay Later Card and Transaction Values by Channel, 20112020
Figure 13: New Zealand Pay Later Cards Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 14: New Zealand Pay Later Personal vs Commercial Cards, Transaction Volumes and Values (%), 20112020
Figure 15: New Zealand Number of Commercial Pay Later Cards, Transaction Values and Volumes, 20112020

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