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Hong Kong and Malaysia Payments Market 2017 By Types Card-based Payments, E-commerce Payments, Alternative Payments and Payments Infrastructure & Regulation

10-13-2017 08:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orbis Research

Hong Kong and Malaysia Payments Market 2017 By Types Card-based

OrbisResearch.com has published “Payments in Hong Kong 2017: What Consumers Want?” and “Payments in Malaysia 2017: What Consumers Want?” reports to its heavy database.

"Payments in Hong Kong 2017: What Consumers Want?", report examines the consumer payments market in Hong Kong, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market.

Request a sample of this report @ http://www.orbisresearch.com/contacts/request-sample/482256

Companies Mentioned:
Visa
Mastercard
American Express
Diners Club
CUP
EPS
DBS
HSBC
BEA
Citibank
Standard Chartered
Bank of China (Hong Kong)

Hong Kong represents a mature payment card market in Asia. It is a global financial hub, with few regulatory barriers for foreign banks and card payment participants, thereby encouraging banks from Mainland China and other overseas markets to expand into the Special Administrative Region. Though primarily a cash-driven economy, payment cards are the second-most popular payment instrument in Hong Kong in 2017.

It provides in-depth analysis of the following -
- Analyzes consumer attitudes to financial services by lifestage.
- Analyzes the major payment card types in terms of both card holding and usage.
- Identifies the major competitors in card issuing and how their position in the market has changed over the last five years.
- Considers consumer attitudes towards P2P tools, mobile payment tools, and contactless cards, and how companies in Hong Kong are deploying these tools to meet customer needs.
- Explores the online payment market in Hong Kong by merchant type and payment tool, as well as providing a five-year forecast for the development of the market.

Browse the complete report @ http://www.orbisresearch.com/reports/index/payments-in-hong-kong-2017-what-consumers-want

Scope
- While cash remains an important traditional payment tool in Hong Kong, cards will be used more frequently as the move to non-cash payments accelerates. Growth in Hong Kong payment card market is anticipated to be driven by pay-later card, which accounted for 76.4% of the total payment cards market in terms of transaction volume in 2017.
- The e-commerce market recorded a significant growth, which is driven by an increase in mobile internet penetration as well as the emerging young and urban population, and rising consumer preference for online shopping.
- Hong Kong payment card market embraced several mobile proximity payment solutions including QuickPass and Samsung Pay in 2017.

Reasons to buy
- Understand the key facts and figures in the consumer payments market in Hong Kong.
- Learn what trends drive consumer behavior at the macro level and plan your strategy accordingly.
- Find out what products the major competitors are launching in the market.
- Discover consumer sentiments towards various payment tools in Hong Kong market and use this knowledge to inform product design.

Check the DISCOUNT of this report @ http://www.orbisresearch.com/contacts/discount/482256

Another Report- "Payments in Malaysia 2017: What Consumers Want?", report examines the consumer payments market in Malaysia, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market.

Request a sample of this report @ http://www.orbisresearch.com/contacts/request-sample/482259

Companies Mentioned:
Maybank
Bank Simpanan Nasional
Public Bank
CIMB Bank
Bank Islam
Citibank
Hong Leong Bank
HSBC
Visa
Mastercard
American Express
Diners Club
Bankcard

The Malaysian payments market remains cash-reliant, but has high growth potential as it moves towards digital payments. With the government and banks providing financial inclusion and making efforts to change consumer payment habits, payment cards gradually became more accepted in Malaysia. As part of its Financial Sector Blueprint 2011-2020, the central bank is making constant efforts to promote electronic payments. One initiative was the reduction in Interbank GIRO fees and an increase in cheque processing fees from April 2014. Further, the growth of POS terminals, the complete migration to EMV standards with contactless functionality, and significant developments in the e-commerce environment would all contribute to the ongoing digital transformation of this market.

It provides in-depth analysis of the following -
- Analyzes consumer attitudes to financial services by lifestage.
- Analyzes the major payment card types in terms of both card holding and usage.
- Identifies the major competitors in card issuing and how their position in the market has changed over the last five years.
- Considers consumer attitudes towards P2P tools, mobile payment tools, and contactless cards, and how companies in Malaysia are deploying these tools to meet customer needs.
- Explores the online payment market in Malaysia by merchant type and payment tool, as well as providing a five-year forecast for the development of the market.

Browse the complete report @ http://www.orbisresearch.com/reports/index/payments-in-malaysia-2017-what-consumers-want

Scope
- While cash remains the most important traditional payment tool in Malaysia, cards will be used more frequently as the move to non-cash payments accelerates. To aid payment card growth, the central bank established the Payment Card Reform Framework (PCRF) in 2014. Under the framework, the central bank capped the interchange fees, focused on enhancing payment card infrastructure, and established the MDF.
- The Malaysian e-commerce market has a significant growth potential. To provide impetus, the Malaysian government in March 2017, implemented the DFTZ as part of the National E-commerce Strategic Roadmap that aims to support digital services, international e-commerce, and internet-based innovations.
- Contactless technology recorded a strong uptake in Malaysia with all major banks offering contactless cards.

Reasons to buy
- Understand the key facts and figures in the consumer payments market in Malaysia.
- Learn what trends drive consumer behavior at the macro level and plan your strategy accordingly.
- Find out what products the major competitors are launching in the market.
- Discover consumer sentiments towards various payment tools in the Malaysian market and use this knowledge to inform product design.

Buy a report @ http://www.orbisresearch.com/contact/purchase/482259

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

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