The Cards and Payments Industry in Bahrain: Emerging Trends and Opportunities to 2021

  • ID: 4267743
  • Report
  • Region: Bahrain
  • 49 pages
  • GlobalData
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FEATURED COMPANIES

  • Ahli United Bank
  • American Express,Visa
  • Bahrain Islamic Bank
  • BMI Bank
  • Citibank
  • Credimax - BBK
  • MORE
The Cards and Payments Industry in Bahrain: Emerging Trends and Opportunities to 2021

Summary

"The Cards and Payments Industry in Bahrain: Emerging Trends and Opportunities to 2021", report provides detailed analysis of market trends in the Bahraini cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, payment cards and checks during the review period (2012-2016).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review period and over the forecast period (2017-2021). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together the author’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

The report provides top-level market analysis, information and insights into the Bahraini cards and payments industry, including:
- Current and forecast values for each market in the Bahraini cards and payments industry, including debit and credit cards.
- Detailed insights into payment instruments including credit transfers, checks and payment cards. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis .
- Analysis of various market drivers and regulations governing the Bahraini cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

- To encourage consumers to use credit cards, the Industry, Commerce and Tourism minister of Bahrain issued a directive in January 2016, preventing banks and merchants from imposing surcharges to credit card users. According to the country’s Consumer Protection Law, a fine of up to US$26,595.7 (BHD10,000) can be charged to companies violating this directive.
- Direct carrier billing is gaining traction in Bahrain. Telecoms Company Viva Bahrain, for instance, partnered with Google to launch its direct carrier billing service in the country in October 2016. It can be used by both prepaid and postpaid customers of Viva Bahrain to buy apps, games and eBooks on the Google Play store. The transaction amount is charged to the customer’s mobile phone bill. Similarly, the telecom operator Zain Bahrain partnered with the mobile solutions provider SLA Mobile and Microsoft to launch a direct carrier billing service, Zain Pay, in Bahrain in March 2015. Furthermore, mobile payment provider Fortumo launched direct carrier billing services in Bahrain in June 2014.
- Government and payment participants are making concentrated efforts to develop e-commerce in the country. For instance, the government organized the third edition of the e-commerce Forum/Exhibition in March 2016. The event featured an exhibition for both public and private sector companies to help them become e-businesses. Similarly, Credimax-BBK (Credimax) organized an e-commerce workshop in April 2015, which focused on the government’s role in supporting various e-commerce initiatives, and the importance of new technology, innovations and business opportunities to develop e-commerce in Bahrain.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Bahraini cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Bahraini cards and payments industry.
- Assess the competitive dynamics in the Bahraini cards and payments industry.
- Gain insights into marketing strategies used for various card types in Bahrain.
- Gain insights into key regulations governing the Bahraini cards and payments industry.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ahli United Bank
  • American Express,Visa
  • Bahrain Islamic Bank
  • BMI Bank
  • Citibank
  • Credimax - BBK
  • MORE
1 EXECUTIVE SUMMARY
1.1 Market overview
1.2 Key facts
1.3 Top five industry events
2 PAYMENT INSTRUMENTS
2.1 Current payment environment
3 E-COMMERCE AND ALTERNATIVE PAYMENTS
3.1 E-Commerce market analysis
3.2 Alternative payment solutions
3.2.1 PayPal
3.2.2 Viva Bahrain - Direct Carrier Billing
3.2.3 Zain Pay
3.2.4 Fortumo
3.2.5 CashU
4 REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY
4.1 Regulatory framework
4.2 Anti-money laundering (AML)
4.3 Foreign direct investment (FDI) regulations
5 ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS
6 PAYMENT CARDS
7 DEBIT CARDS
7.1 Debit cards market analysis
7.2 Competition in the debit cards market
7.3 Debit cards comparison
8 PAY LATER CARDS
8.1 Pay later cards market analysis
8.2 Competition in the pay later cards market
8.3 Pay later cards comparison
9 PREPAID CARDS
10 APPENDIX
10.1 Tables
10.2 Definitions
10.3 Methodology

List of Tables
Table 1: Bahrain - Key Facts, 2016
Table 2: Regional Benchmarking of the Bahraini Payment Cards, 2016
Table 3: Bahrain - Mode of Entry of Foreign Banks
Table 4: Bahrain - Debit Cards Comparison and Key Features, 2016
Table 5: Bahrain - Gold Credit Cards Comparison and Key Features, 2016
Table 6: Bahrain - Premium Credit Cards Comparison and Key Features, 2016
Table 7: Bahrain - Payment Instrument Transaction Values (BHD Billion), 2012-2016
Table 8: Bahrain - Payment Instrument Transaction Values (US$ Billion), 2012-2016
Table 9: Bahrain - Payment Instrument Transaction Volumes (Million), 2012-2016
Table 10: Bahrain - Number of Payment Cards in Circulation by Type (Thousand), 2012-2021
Table 11: Bahrain - Volume of Payment Card Transactions by Type (Million), 2012-2021
Table 12: Bahrain - Value of Payment Card Transactions by Type (BHD Million), 2012-2021
Table 13: Bahrain - Value of Payment Card Transactions by Type (US$ Million), 2012-2021
Table 14: Bahrain - Number of Debit Cards in Circulation (Million), 2012-2021
Table 15: Bahrain - Debit Card Transaction Volumes and Frequency by Channel, 2012-2021
Table 16: Bahrain - Debit Card Total and Average Transaction Values by Channel, 2012-2021
Table 17: Bahrain - Debit Card Total and Average Transaction Values by Channel, 2012-2021
Table 18: Bahrain - Number of Debit Cards in Circulation by Scheme (Thousand), 2012-2016
Table 19: Bahrain - Debit Card Transaction Values by Scheme (BHD Million), 2012-2016
Table 20: Bahrain - Debit Card Transaction Values by Scheme (US$ Billion), 2012-2016
Table 21: Bahrain - Debit Card Transaction Values by Issuer (BHD Million), 2012-2016
Table 22: Bahrain - Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016
Table 23: Bahrain - Number of Pay Later Cards in Circulation (Thousand), 2012-2021
Table 24: Bahrain - Pay Later Card Transaction Volumes and Frequency by Channel, 2012-2021
Table 25: Bahrain - Pay Later Card Total and Average Transaction Values by Channel, 2012-2021
Table 26: Bahrain - Pay Later Card Total and Average Transaction Values by Channel, 2012-2021
Table 27: Bahrain - Number of Pay Later Cards in Circulation by Scheme (Thousand), 2012-2016
Table 28: Bahrain - Pay Later Card Transaction Values by Scheme (BHD Million), 2012-2016
Table 29: Bahrain - Pay Later Card Transaction Values by Scheme (US$ Million), 2012-2016
Table 30: Bahrain - Pay Later Card Transaction Values by Issuer (BHD Million), 2012-2016
Table 31: Bahrain - Pay Later Card Transaction Values by Issuer (US$ Million), 2012-2016
Table 32: Bahrain - Number of Credit Cards in Circulation (Thousand), 2012-2021
Table 33: Bahrain - Credit Card Transaction Volumes and Frequency by Channel, 2012-2021
Table 34: Bahrain - Credit Card Total and Average Transaction Values by Channel, 2012-2021
Table 35: Bahrain - Credit Card Total and Average Transaction Values by Channel, 2012-2021
Table 36: Bahrain - Number of Credit Cards in Circulation by Scheme (Thousand), 2012-2016
Table 37: Bahrain - Credit Card Transaction Values by Scheme (BHD Million), 2012-2016
Table 38: Bahrain - Credit Card Transaction Values by Scheme (US$ Million), 2012-2016
Table 39: Bahrain - Number of Charge Cards in Circulation (Thousand), 2012-2021
Table 40: Bahrain - Charge Card Transaction Volumes and Frequency by Channel, 2012-2021
Table 41: Bahrain - Charge Card Total and Average Transaction Values by Channel, 2012-2021
Table 42: Bahrain - Charge Card Total and Average Transaction Values by Channel, 2012-2021
Table 43: Bahrain - Number of Charge Cards in Circulation by Scheme (Thousand), 2012-2016
Table 44: Bahrain - Charge Card Transaction Values by Scheme (BHD Million), 2012-2016
Table 45: Bahrain - Charge Card Transaction Values by Scheme (US$ Million), 2012-2016
Table 46: Bahrain - Personal and Commercial Pay Later Card Transaction Volumes (Thousand), 2012-2021
Table 47: Bahrain - Personal and Commercial Pay Later Card Transaction Values (BHD Million), 2012-2021
Table 48: Bahrain - Personal and Commercial Pay Later Card Transaction Values (US$ Million), 2012-2021
Table 49: Bahrain - Number of Commercial Pay Later Cards in Circulation (Thousand), 2012-2021
Table 50: Bahrain - Commercial Pay Later Card Transaction Volumes (Million), 2012-2021
Table 51: Bahrain - Commercial Pay Later Card Transaction Values (BHD Million), 2012-2021
Table 52: Bahrain - Commercial Pay Later Card Transaction Values (US$ Million), 2012-2021
Table 53: Bahrain - Number of Prepaid Cards in Circulation (Thousand), 2012-2021
Table 54: Bahrain - Prepaid Card Transaction Values (BHD Million), 2012-2021
Table 55: Bahrain - Prepaid Card Transaction Values (US$ Million), 2012-2021
Table 56: Key Definitions
Table 57: Annual Average Exchange Rate

List of Figures
Figure 1: Bahrain - Payment Instrument Shares by Transaction Value (%), 2012 vs 2016
Figure 2: Bahrain - Payment Instrument Shares by Transaction Volume (%), 2012 vs 2016
Figure 3: Bahrain - E-Commerce Value, 2012-2021
Figure 4: Bahrain - Population
Figure 5: Bahrain - Economic Indicators
Figure 6: Bahrain - ATMs and POS Terminals
Figure 7: Bahrain - Household Consumption
Figure 8: Bahrain - Growth in Payment Cards Transaction Values, 2012-2021
Figure 9: Bahrain - Number of Cards in Circulation by Type, 2011-2021
Figure 10: Bahrain - Debit Card Penetration, 2016
Figure 11: Bahrain - Turnover Per Debit Card, 2016
Figure 12: Bahrain - Debit Card Scheme Share in Terms of Transaction Value, 2016
Figure 13: Bahrain - Debit Card Issuer Share in Terms of Transaction Value, 2016
Figure 14: Bahrain - Pay Later Cards Penetration, 2016
Figure 15: Bahrain - Turnover Per Pay Later Card, 2016
Figure 16: Bahrain - Pay Later Cards Scheme Share in Terms of Transaction Value, 2016
Figure 17: Bahrain - Pay Later Cards Issuer Share in Terms of Transaction Value, 2016
Figure 18: Bahrain - Number of Prepaid Cards in Circulation, 2012-2021
Figure 19: Bahrain - Prepaid Cards Transaction Value, 2012-2021
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  • National Bank of Bahrain
  • Ahli United Bank
  • Bahrain Islamic Bank
  • Ithmaar Bank
  • BMI Bank
  • Credimax - BBK
  • HSBC
  • Standard Chartered Bank
  • Citibank
  • American Express,Visa
  • MasterCard
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