Lebanese Cards & Payments Market Landscape Studied by Timetric in New Report Now Available at MarketPublishers.com17 Dec 2014 • by Natalie Aster
LONDON – During 2009-2013, the payments cards market in Lebanon was steadily growing at a CAGR of 3.41%. As of 2013, the overall volume of cards in circulation in the country totaled 1.8 million, an increase of 200,000 from 2009. Meantime, the total payment cards transaction value stood at USD 10.3 billion in 2013, representing growth at a 12.07% CAGR since 2009.
The Lebanese market for payment cards is driven by such factors as advanced technologies (including PayPass, PayWave, EMV and contactless technology, among others), ongoing improvements in cards payment systems, the rising consumer awareness, etc.
Meanwhile, the average transaction value (ATV) in Lebanon reached the USD 177.6 million mark in 2013; the country ranked the 5th country in the MENA region in terms of ATV volumes. Besides, Lebanon is the 7th country in this region in terms of the frequency of payment cards use, which totals 31.9 transactions per card annually.
The prepaid cards sector dominates the overall Lebanese payment cards market in terms of the overall volume of payment cards in circulation. As of 2013, the amount of prepaid cards in circulation totaled 107,702; this figure is anticipated to achieve 2.3 million by 2018.
New market research report “Lebanon's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” worked out by Timetric provides an in-depth examination of the cards and payments market in Lebanon.
The cutting-edge study unveils key facts on the Lebanese payment cards market performance and offers the market segmentation analysis by payment card type. It characterizes the regulatory framework in Lebanon and traces the latest market trends, discusses the market growth drivers and challenges. Furthermore, the report features the major aspects of the competitive scenario, analyses the consumer preferences and examines the marketing strategies developed by key market players. The Lebanese cards and payments market forecast till 2018 is also presented in the study.
Lebanon's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Published: December, 2014
Price: US$ 3,995.00
More new market research reports by the publisher can be found at Timetric page.