DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f4hzjr/chiles_cards_and) has announced the addition of the "Chile's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape" report to their offering.
In terms of the number of cards in circulation, Chile's card payments channel grew at a compound annual growth rate (CAGR) of 15.80% during the review period (2008-2012). The channel is expected to grow at a CAGR of 7.16% over the forecast period (2013-2017). The prepaid card category, which is expected to occupy 33.2% of the overall card payments channel by 2017 in terms of volume of cards, is expected to have the highest growth potential with a CAGR of 10.83%. The debit card category is also expected to grow positively at a forecast-period CAGR of 5.67%.
CuentaRut accounts are expected to foster positive growth in the debit card category over the forecast period. CuentaRut, issued by BancoEstado, is a scheme that provides bank accounts to all Chileans. In 2012, BancoEstado recorded 5.3 million CuentaRut account holders, equal to 30.5% of the Chilean population. The growth of closed-loop prepaid cards is expected to be a major driver of growth in the prepaid card category. Closed-loop prepaid cards include gift cards and prepaid store cards issued by retail outlets. Closed-loop prepaid store cards are used by customers to make regular retail purchases, and are therefore expected to contribute to the growth of the transaction value of the overall prepaid category. The value of closed-loop cards grew from CLP1.1 trillion (US$2.1 billion) in 2008 to CLP3.0 trillion (US$6.4 billion) in 2012, at a review-period CAGR of 26.99%.
Large-scale retail outlets and department stores are using social commerce platforms to expand their cards businesses. Outlets such as Jumbo Cencosud issue gift cards that can be used for online purchases through Facebook accounts.
Key Topics Covered
1 Executive Summary
2 Analysis of Market Environment and Key Trends and Drivers
2.1 Payment Infrastructure and Emerging Technology
3 Cards and Payments Industry Share Analysis
4 Regulatory Framework and Card Fraud Statistics
5 Emerging Consumer Attitudes and Trends
6 Analysis of Card Payments and Growth Prospects
7 Analysis of Credit Card Payments and Growth Prospects
8 Analysis of Debit Card Payments and Growth Prospects
9 Analysis of Prepaid Card Payments and Growth Prospects
10 Merchant Acquiring
11 Company Profiles of Card Issuers
12 Appendix
For more information visit http://www.researchandmarkets.com/research/f4hzjr/chiles_cards_and
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