Iran Cards and Payments Market Trends and Opportunities to 2020-Bank Markazi Iran, Visa, Mastercard, JCB, China UnionPay

Orbis Research Market brilliance released a new research report of 44 pages on title ‘The Cards and Payments Industry in Iran: Emerging trends and opportunities to 2020’ with detailed analysis, forecast and strategies. The study covers important players Such as Bank Markazi Iran, Visa, Mastercard, JCB, China UnionPay, etc.

GlobalData’s "The Cards and Payments Industry in Iran: Emerging trends and opportunities to 2020" report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review period (2012-16).

Browse the complete report @ http://www.orbisresearch.com/reports/index/the-cards-and-payments-industry-in-iran-emerging-trends-and-opportunities-to-2020

The 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 (2016-20). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s 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.

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

Request a sample of this report @ http://www.orbisresearch.com/contacts/request-sample/351787

Scope
Iranian banks were disconnected from the SWIFT system in March 2012, due to international sanctions placed on Iran by the US as a result of its nuclear program. Banks in Iran were reconnected to the SWIFT system in February 2016, as the sanctions were lifted. This allows banks in Iran to resume cross-border transactions with foreign counterparts. This is anticipated to support the growth in the country’s cards and payments industry.
The lifting of sanctions is expected to encourage more foreign banks to expand operations in Iran. South Korea’s Woori Bank opened a representative office in May 2016. In April 2016, the governors of the Central Bank of Iran and the National Bank of Kazakhstan signed a memorandum of understanding on the expansion of banking ties between Iran and Kazakhstan. Furthermore, Belgium's KBC Bank and Germany's DZ Bank have started to handle European clients doing business in Iran.
To stimulate consumer spending, the Central Bank of Iran introduced a new guideline in September 2016, under which local financial institutions are required to issue low-cost credit cards as part of its nationwide credit card scheme. The credit cards are offered in three types: Gold with a limit of $15,443.60 (IRR500m), Silver with a limit of $9,266.10 (IRR300m), and Bronze with a limit of $3,088.70 (IRR100m). No interest rate is levied on card holders if they clear their debts within a month. Card holders are also allowed to repay their debt in 12-18 instalments with annual interest capped at 18%.

Buy a report @ http://www.orbisresearch.com/contact/purchase/351787

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

Companies Mentioned:
Bank Markazi Iran
Visa
Mastercard
JCB
China UnionPay
Bank Mellat
Bank Saderat Iran
Tejarat Bank
Bank Melli Iran
Bank Sepah
Parsian Bank
EN Bank
Iran Maskan
PayPing

About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Us:
Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas - 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +912064101019
Email ID: sales@orbisresearch.com

This release was published on openPR.