Japan Cards And Payments Market Transaction Value, Historical Trends, Analysis And Forecasts | Top Key Players are Japan Post Bank, Sumitomo Mitsui Financial Group, Mizuho Financial Group, Resona Holdings, Rakuten, Credit Saison, Aeon Credit Service, JCB

Japan has the third-largest national economy in the world and according to the International Monetary Fund (IMF), had one of the world’s highest nominal GDP per capita. The card payments market grew during the review period (2013-2018). Japan’s card payments market grew due to a combination of a positive economic outlook, increased personal incomes, retail industry growth, the growth of contactless, secure payment systems and e-commerce.

During the review period, the number of cards in circulation in the channel increased at a compound annual growth rate (CAGR) of 3%, while its value recorded a review-period CAGR of 3.5%.

The Japanese card payments market was mainly driven by strong growth in the prepaid card’s category, which registered the highest review-period CAGR of 13%. The debit cards category registered the slowest growth during the review period, at a CAGR of 5%.

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Growing Prepaid Cards Market:

Consumers are moving to prepaid and postpaid e-money purses incorporated into payment cards and mobile phones to make fast and secure contactless transactions, both at point-of-sale (POS) terminals and online. Over the forecast period, the transaction value of prepaid cards is expected to grow at a CAGR of 7%. The value of open-loop prepaid cards is expected to drive growth in the prepaid card’s category.

Shift towards cashless transactions:

Although cash transactions still dominate small-value payments at retail outlets, consumers are slowly shifting towards card payments due to the benefits offered by card issuers through card-based reward programs, supported by the adoption of fast and secure contactless cards.

Growth in online and conventional retail:

Internet penetration growth and rising disposable incomes, supported by an increased consumer spending, resulted in increased online retail sales. Japan’s conventional retail industry also recorded growth during the review period, recording a CAGR of 1% at a forecast-period CAGR of 1.5%.

To benefit from online and conventional retail growth, banks are increasingly expanding their merchant and POS networks, and improving their internet banking infrastructure, resulting in increased card payment volumes. The number of POS terminals in Japan recorded a review-period CAGR of 2%.

List of Companies mentioned in this report are Japan Post Bank, Sumitomo Mitsui Financial Group, Mizuho Financial Group, Mitsubishi UFJ Financial Group, Resona Holdings, Rakuten, Credit Saison, Aeon Credit Service, JCB

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Table of Content:

1. Definitions
2. Research Methodology
1. Research Process
1. Market Sizing
2. Competitor Analysis
3. Market Forecasting
4. Quality Control Process
3. Executive Summary
4. Industry Benchmarking
5. Market Attractiveness
6. Industry Enablers
1. Emerging Payment Technologies
2. Growing E-commerce Market
1. E-commerce Mix by Payment Method
3. EMV Migration
4. Contactless Cards
7. Regulatory Framework
8. Key Industry Events
9. Merchant Acquiring Business Overview
1. Business Overview & Key Operators
2. Regulatory Framework
3. Technological Changes
10. Market Segmentation
1. Cards for Students
2. Cards for Travelers
3. Cards for High-income Customers
4. Cards for Frequent Shoppers
11. Market Sizing
1. Debit Cards Market Overview
1. Scheme Providers
2. Key Issuers
2. Pay Later Cards Market Overview
1. Scheme Providers
2. Key Issuers
3. Payment Terminals Market
4. Payment Instruments Market

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