South African Cards & Payments Market Investigated in New Timetric Research Report Available at MarketPublishers.com

31 Mar 2016 • by Natalie Aster

LONDON – Notwithstanding subdued economic development, the usage of payment cards in South Africa has been expanding at a robust tempo in the recent past.

In order to enhance the take-up of mobile point-of-sale (mPOS) systems among small to mid-size merchants, South African solution providers are offering terminals at lowers costs, with Emerge Mobile’s Edge mPOS solution being one of the latest introductions. In a similar way, Nedbank launched the PocketPOS in the same 2014 year. The emergence of low-cost terminals is set to stimulate merchants to accept card-based payments, fuelling payment card transactions, in both volume and value terms.

Alternative payment instruments are gaining momentum in South Africa, with banks and payment firms introducing novel solution. To give backing to the government’s financial inclusion plan to bring the unbanked under the purview of formal banking, all leading banks in South Africa encompassing Asba Bank, First National Bank (FNB) and Nedbank are offering basic bank accounts with minimal banking services charges.

New cutting-edge report “The Cards and Payments Industry in South Africa: Emerging Trends and Opportunities to 2019” elaborated by Timetric provides current and forecast valuations for the South African market for cards and payments, covering debit card, credit and charge card categories. It gives a detailed assessment of the prepaid card marketplace; casts light on the various payment instruments; includes an all-round overview of the domestic major alternative payment instruments; presents an analysis of the e-commerce market along with giving insights into online payment types. Furthermore, the report offers a thorough analysis of the diverse market growth drivers and regulations exerting an influence on the country’s cards and payments sector.

Report Details:

The Cards and Payments Industry in South Africa: Emerging Trends and Opportunities to 2019
Published: March, 2016
Pages: 70 
Price: US$ 3,995.00

Report Highlights:

• Make efficient strategic business decisions, utilising high-level historical and forecasted market data;
• Have a deep understanding of the major market trends and growth opportunities in the national cards and payments industry;
• Evaluate the competitive landscape in South Africa's cards and payments industry;
• Gain true insights into marketing strategies utilised for different card types in the country;
• Have a look at the essential regulations governing the industry.

More studies by this publisher can be found at Timetric page. 

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