Argentina Cards and Payments Market: Total Card Market Grew at a CAGR of 9.6% During 2012 to 2014

P&S Market Research releases a new research report on cards and payments market:
Argentina Cards and Payments Market - Size, Share, Development, Growth and Forecast to 2020

The research report provides in depth analysis and insights into the Argentina Cards and Payments Market including, strategies deployed by banks to market debit and credit cards and competitive landscape (card issuers in the country) for both debit cards and credit cards. The study includes 3 years historical market size and 6 years market forecast in terms of number of cards, value and volume of transactions processed through these cards, and other key metrics. The report also provides information on the key industry trends, major schemes, banks and detailed segmentation of card and payment industry. The research report is a new offering from the company’s Financial Services domain, and leveraged from the company’s existing cards and payments database of 50+ countries.

Explore Report with Detailed TOC on “Argentina Cards and Payments Market” at: www.psmarketresearch.com/market-analysis/argentina-cards-and-payments-market

The card payments market in Argentina grew at a healthy pace during the period 2012–2014, both in terms of value and volume. In terms of number of cards in circulation, the payment cards market is expected to grow at a CAGR of 3.8% over the period 2015-2020. The growth of the card payments market will be driven by the growth of e-commerce, higher disposable income per capita, new product offerings and growth in retail.

The percentage of the urban population in total population grew from 91.2% in 2012 to 91.6% in 2014 and is expected to grow further over the forecast period, to reach 92.6% in 2020. Increase in urbanization will be leading to increase in the scope for payment cards use.

The number of debit cards in circulation in Argentina increased at a CAGR of 9.6% during the period 2012–2014. In terms of transaction volume, the debit cards had 57% share in the Argentina payment card market in 2014. During the same year, the credit cards had 43% share in the Argentina cards market, in terms of transaction volume. The debit cards dominant share in terms of transaction volume is likely to remain stable over the forecast period of 2015-2020. The average debit card transaction value increased from ARS 235.8 in 2012 to ARS 243.3 in 2014, at a CAGR of 1.6%. The average transaction value is expected to grow at a CAGR of 0.9% during the period 2015-2020. Some of the key players in the debit cards market include Banco de la Nación Argentina, Banco de la provincia de Buenos Aires, Banco Santander Río, Banco Galicia and Banco Supervielle.

The total number of credit cards in Argentina grew at a CAGR of 9.4% during the period 2012-2014. However during the forecast period, the growth is expected to slow down to a CAGR of 3.8%. The average credit card transaction value in Argentina increased from ARS 309.5 in 2012 to ARS 323.6 in 2014, at a CAGR of 2.3%. The average transaction value is expected to grow at a CAGR of 1.2% during the forecast period 2015-2020. Some of the key players in the credit cards market include Banco Galicia, Banco Santander Río, BBVA Banco Francés and Banco Macro.

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Charge cards segment represents a small portion of the Argentina pay later card market, but is expected to gain momentum due to expected growth in the volume of high net worth individuals (HNIs) during the forecast period.The number of charge cards in circulation increased at a CAGR of 19.0% during the period 2012-2014. The volume of charge card transactions at POS terminals accounted for 98.4% of the total charge card transaction volume in 2014. American Express is the leading charge card issuer in Argentina and targets high-income and business customers. The frequency of charge card use grew at a CAGR of 3.8% during 2012-2014. The frequency of transaction is expected to reach up to 38.6 times by 2020.

Reasons to buy

 Access the historical and forecast data of cards and payments market in Chile.
 Understand the key trends, drivers and growth opportunities in Chile’scards and payments market.
 Frame informed and customized strategies for market expansion by identifying the strategies adopted by the key players.
 Access to banks and card issuers’ competitive intelligence.

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