The Cards and Payments Industry in Argentina: Emerging trends and opportunities to 2020

  • ID: 4307981
  • Report
  • Region: Argentina
  • 56 pages
  • GlobalData
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FEATURED COMPANIES

  • American Express
  • Banco Galicia
  • Banco Macro
  • Banco Nación
  • Banco Provincia
  • Banco Santander Rio
  • MORE
The Cards and Payments Industry in Argentina: Emerging trends and opportunities to 2020

Summary

The "The Cards and Payments Industry in Argentina: Emerging trends and opportunities to 2020", report provides detailed analysis of market trends in the Argentine cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cheques, cash, payment cards and direct debit 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 (2016-2020). 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 Argentine cards and payments industry, including -
- Current and forecast values for each market in the Argentine cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including credit transfers, cheques, cash, direct debit 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 Argentine cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Scope

- To improve financial inclusion and increase competition between banks, in 2016 the central bank introduced guidelines for convenient account opening and switching between providers. As per the new guideline, wage accounts can be opened directly by individuals rather than upon request by their employer. Individuals can open and close their accounts and cancel their credit cards through online banking, without the need to visit a bank branch. To increase financial access for citizens, the central bank relaxed the regulatory requirements for opening new bank branches in 2016. In H1 2016, 97 new branches were provided with authorization, an increase of 44 over H2 2015.
- The government move to abolish the tax on credit card payments made in foreign currency in December 2015 is anticipated to drive credit card transactions. In December 2013 the government had increased the tax on all credit card purchases made abroad from 20% to 35%. Consumers were also charged with a 50% tax on online purchases of more than $25 (ARS201.90) from foreign websites. The restrictions on online shopping and use of payment cards abroad was an attempt to control the drop in foreign currency reserves, which fell by 29% in 2013 to $30.9bn (ARS168.7bn), a seven-year low.
- To promote inbound tourism in the country, in September 2016 the Argentine government abolished value added tax (VAT) on hotel charges for foreign travelers if they paid using a debit or credit card issued overseas. Hotels must now refund foreign tourists the VAT charged on hotel stays. This move is anticipated to push up tourist numbers by 120,000 and increase spending by $90m (ARS1.3bn), thereby driving the payment card transaction value and volume.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Argentine cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Argentine cards and payments industry.
- Assess the competitive dynamics in the Argentine cards and payments industry.
- Gain insights into marketing strategies used for various card types in Argentina.
- Gain insights into key regulations governing the Argentine cards and payments industry.
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FEATURED COMPANIES

  • American Express
  • Banco Galicia
  • Banco Macro
  • Banco Nación
  • Banco Provincia
  • Banco Santander Rio
  • MORE
Table of Contents
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. Rapipago
3.2.3. Paysafecard
3.2.4. MercadoPago
4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY
4.1. Regulatory framework
4.1.1. Actions against fraud
4.2. Anti-money laundering
4.3. Foreign direct investment 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 card 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 card comparison
9. PREPAID CARDS
10. MERCHANT ACQUIRING
11. APPENDIX
11.1. Abbreviations and acronyms
11.2. Supplementary data
11.3. Definitions
11.4. Methodology
11.5. Bibliography
11.6. Further reading

List of Tables
Table 1: Argentina: key facts, 2016
Table 2: Argentina: regional benchmarking of payment cards, 2016
Table 3: Argentina: mode of entry of foreign banks
Table 4: Argentina: debit card comparison and key features, 2017
Table 5: Argentina: Gold credit card comparison and key features, 2017
Table 6: Argentina: premium credit cards comparison and key features, 2017
Table 7: Argentina: payment instrument transaction values (ARSbn), 2012-16
Table 8: Argentina: payment instrument transaction values ($bn), 2012-16
Table 9: Argentina: payment instrument transaction volumes (millions), 2012-16
Table 10: Argentina: payment cards in circulation by type (millions), 2012-20f
Table 11: Argentina: volume of payment card transactions (millions), 2012-20f
Table 12: Argentina: value of payment card transactions (ARSbn), 2012-20f
Table 13: Argentina: value of payment card transactions ($bn), 2012-20f
Table 14: Argentina: debit cards in circulation (millions), 2012-20f
Table 15: Argentina: debit card transaction volumes, 2012-20f
Table 16: Argentina: debit card transaction values (ARS), 2012-20f
Table 17: Argentina: debit card transaction values ($), 2012-20f
Table 18: Argentina: debit cards in circulation by scheme (millions), 2012-16
Table 19: Argentina: debit card transaction values by scheme (ARSbn), 2012-16
Table 20: Argentina: debit card transaction values by scheme ($bn), 2012-16
Table 21: Argentina: debit card transaction values by issuer (ARSbn), 2012-16
Table 22: Argentina: debit card transaction values by issuer ($bn), 2012-16
Table 23: Argentina: pay-later cards in circulation (millions), 2012-20f
Table 24: Argentina: pay-later card transaction volumes, 2012-20f
Table 25: Argentina: pay-later card transaction values (ARS), 2012-20f
Table 26: Argentina: pay-later card transaction values ($), 2012-20f
Table 27: Argentina: pay-later cards in circulation by scheme (000s), 2012-16
Table 28: Argentina: pay-later card transaction values by scheme (ARSbn), 2012-16
Table 29: Argentina: pay-later card transaction values by scheme ($bn), 2012-16
Table 30: Argentina: pay-later card transaction values by issuer (ARSbn), 2012-16
Table 31: Argentina: pay-later card transaction values by issuer ($bn), 2012-16
Table 32: Argentina: credit cards in circulation (millions), 2012-20f
Table 33: Argentina: credit card transaction volumes, 2012-20f
Table 34: Argentina: credit card transaction values (ARS), 2012-20f
Table 35: Argentina: credit card transaction values ($), 2012-20f
Table 36: Argentina: credit cards in circulation by scheme (000s), 2012-16
Table 37: Argentina: credit card transaction values by scheme (ARSbn), 2012-16
Table 38: Argentina: credit card transaction values by scheme ($bn), 2012-16
Table 39: Argentina: charge cards in circulation (000s), 2012-20f
Table 40: Argentina: charge card transaction volumes, 2012-20f
Table 41: Argentina: charge card transaction values (ARS), 2012-20f
Table 42: Argentina: charge card transaction values ($), 2012-20f
Table 43: Argentina: charge cards in circulation by scheme (000s), 2012-16
Table 44: Argentina: charge card transaction values by scheme (ARSbn), 2012-16
Table 45: Argentina: charge card transaction values by scheme ($m), 2012-16
Table 46: Argentina: prepaid cards in circulation (millions), 2012-20f
Table 47: Argentina: prepaid card transaction values (ARSbn), 2012-20f
Table 48: Argentina: prepaid card transaction values ($bn), 2012-20f
Table 49: Argentina: merchant acquiring transaction volumes (millions), 2012-20f
Table 50: Argentina: merchant acquiring transaction values (ARSbn), 2011-20f
Table 51: Argentina: merchant acquiring transaction values ($bn), 2012-20f
Table 52: Argentina: acquirers’ transaction volumes (millions), 2012-16
Table 53: Argentina: acquirers’ transaction values (ARSbn), 2012-16
Table 54: Argentina: acquirers’ transaction values ($bn), 2012-16
Table 55: Argentina: retail outlets and card-accepting merchants (000s), 2012-20f
Table 56: Argentina: debit card average interchange fees (%), 2012-16
Table 57: Argentina: debit card merchant service charge and interchange fee (%), 2012-20f
Table 58: Argentina: pay-later card average interchange fees (%), 2012-16
Table 59: Argentina: pay-later card merchant service charge and interchange fee (%), 2012-20f
Table 60: Key definitions
Table 61: Average annual exchange rate (ARS$), 2012-20f

List of Figures
Figure 1: Argentina: payment instrument shares by transaction value (%), 2012 vs 2016
Figure 2: Argentina: payment instrument shares by transaction volume (%), 2012 vs 2016
Figure 3: Argentina: e-commerce value ($bn) and growth rate (%)
Figure 4: Argentina: population and economic indicators
Figure 5: Argentina: ATMs, POS terminals, and household consumption
Figure 6: Argentina: payment cards transaction value and cards in circulation, 2012-20f
Figure 7: Argentina: debit card penetration and turnover per card
Figure 8: Argentina: debit card scheme and issuer transaction value share, 2016
Figure 9: Argentina: pay-later card penetration and turnover per card
Figure 10: Argentina: pay-later cards scheme and issuer transaction value share, 2016
Figure 11: Argentina: prepaid cards in circulation and transaction value, 2012-20f
Figure 12: Argentina: merchant acquiring transaction volume and value, 2012-20f
Figure 13: Argentina: acquirers’ market share in terms of transaction volume and value (%), 2016
Figure 14: Argentina: average merchant service charge and interchange fee (%), 2012-20f
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  • Banco Nación
  • Banco Provincia
  • Banco Galicia
  • Banco Santander Rio
  • Banco Macro
  • Visa
  • Mastercard
  • American Express
  • Cabal
  • Tarjeta Naranja
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