Uruguay Payments Landscape Market Report- Growth Opportunities,Top Companies, Regional Forecast | Payments Infrastructure & Regulation

The Uruguay Payments Landscape Market research report classifies the Uruguay Payments Landscape Market by region, type, top player/brands, and end-user. In addition, it. Uruguay Payments Landscape Market studies global market status, competition landscape, growth rate, market share, future trends, opportunities, and challenges. Geographically, Uruguay Payments Landscape Market report classified the production, consumption, export, and import of the market in North America, South America, Asia Pacific, and other countries. All the information mentioned in the report is validated through verified resources.

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Uruguay Payments Landscape Market Report provides detailed analysis of market trends in Uruguay's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, cheques and direct debits during the review-period (2015-19e).

Uruguay Payments Landscape Market Report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

Uruguay Payments Landscape Market Report 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.

This report provides top-level market analysis, information and insights into Uruguay's cards and payments industry, including -
- Current and forecast values for each market in Uruguay's cards and payments industry, including debit and credit cards.
- Detailed insights into payment instruments including cards, credit transfers, cheques and direct debits. It also, includes an overview of the country's key alternative payment instruments.
- Analysis of various market drivers and regulations governing Uruguay's cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope of this Report-
- To encourage card payment acceptance among small businesses, in October 2018 the government further reduced the merchant service fee from 1.5% to 1.3% on debit cards and from 4% to 3.5% on credit cards for small businesses. The fee for other businesses remains 1.5% for debit cards and 4% for credit cards. The government plans to further reduce the fees on these cards over the coming years.
- To further drive POS terminal adoption, the government extended the regulation to provide POS terminals at subsidized rates until December 2019. As part of this the government has placed a cap on the price of POS terminals for 2019. For basic POS terminals the monthly fee must not exceed UYU90 ($2.78), while the monthly fee for wireless POS terminals must not exceed UYU140 ($4.32). In addition, a 40% subsidy is being offered on POS terminals during 2019 to new businesses and businesses with annual turnover of less than UYU4m ($123,484.04). A 100% subsidy is being offered to small taxpayers (“monotributistas”) such as electricians, plumbers, and private tutors until the end of 2019.
- The government has taken several measures to boost electronic payments. In November 2018 it introduced the APuntaTAXI app, enabling commuters to pay for taxis using their mobile devices. The government also mandated that all taxis in Montevideo must be equipped with POS terminals by the end of May 2019 in order to accept card payments. To reduce cash transactions in government offices, the government mandated that all government agencies must accept electronic payments effective from August 1, 2019. These measures are aimed at reducing the country’s dependence on cash.

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

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Table of Contents
Market Overview
Card-based Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix

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