DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/r645ws/emerging) has announced the addition of the "Emerging Opportunities in Ukraine's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape" report to their offering.
In volume terms, Ukraine's cards and payments industry recorded marginal growth during the review period (2008-2012), this was due to the adverse impact of the Eurozone debt crisis. The industry recorded a CAGR of 1.20%, rising from 38.9 million cards in circulation in 2008 to 40.9 million in 2012. Over the forecast period (2013-2017), the industry is forecast to grow at a CAGR of 6.77% from 45.7 million cards in circulation in 2013 to 59.4 million in 2017. Ukraine's GDP measured a year-on-year (YOY) growth rate of 0.2% in 2012, compared to 5.2% in 2011. The slower growth rate was mainly due to a period of economic downturn. In the third-quarter of 2012, the country's GDP declined by 1.3% YOY following increases of 2% and 3% respectively in first and second-quarters of 2012. External demand contracted due to weakened economic conditions in countries with emerging economies, which adversely affected the performance of export-oriented industries such as metallurgy and machine building.
Key Highlights
- Ukraine's GDP measured a year-on-year (YOY) growth rate of 0.2% in 2012, compared to 5.2% in 2011. The slower growth rate was mainly due to a period of economic downturn. In the third-quarter of 2012, the country's GDP declined by 1.3% YOY following increases of 2% and 3% respectively in first and second-quarters of 2012.
- In 2012, Ukrainian retail turnover recorded a YOY growth rate of 15.7%, reaching US$81.3 billion during January-October 2012. Notably, the Lugansk and Donetsk regions registered the highest growth, indeed total retail trade increased by 19.5% and 18.2% respectively in these locations.
- Over the forecast period, the prepaid cards category posted a CAGR of 36.93%, rising from a projected 1.5 million cards in circulation by the end of 2013 to 5.4 million in 2017. In volume terms, the debit cards category held the highest market share of 71.0% in 2012. The second-largest market share of 25.7% was held by the credit cards category, followed by the prepaid cards category with a market share of 2.8%.
- Total card payments reached UAH685.6 billion (US$86.1 billion) by the end of 2012, identifying a trend that consumers are increasingly using bank cards to complete their transactions. The volume of payments made via domestic credit cards rose quicker than those made through debit cards. Due to a growth in card payments, fraud increased during the review period, rising from UAH4.0 million (US$800,000) in 2008 to UAH4.7 million (US$600,000) in 2012.
Key Topics Covered:
1 Executive Summary
2 Market Attractiveness and Future Prospects of Cards and Payments Industry
3 Analysis of Country Cards and Payments Industry Drivers
4 Emerging Consumer Attitudes and Trends
5 Competitive Landscape and Industry Dynamics
6 Strategies Adopted by Key Players
7 Industry Size and Growth Potential of Payment Card Industry
8 Company Profiles, Product, and Marketing Strategies
9 Appendix
Companies Mentioned
- MTS Company
- PrivatBank
- Raiffeisen Bank Aval
- Ukrsotsbank
- UniCredit Bank
For more information visit http://www.researchandmarkets.com/research/r645ws/emerging
