Lebanon Cards and Payments: Opportunities and Risks to 2029

The ‘Lebanon Cards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the Lebanonn cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, cards, direct debits and cheques during the review-period (2020-24e).

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 (2025f-29f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

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

The ‘Lebanon Cards and Payments: Opportunities and Risks to 2029' report provides top-level market analysis, information and insights into the Lebanon cards and payments industry, including:

• Current and forecast values for each market in the Lebanon cards and payments industry, including debit, and credit cards.
• Detailed insights into payment instruments including cards, direct debits and cheques. It also, includes an overview of the country's key alternative payment instruments.
• Ecommerce market analysis.
• Analysis of various market drivers and regulations governing the Lebanon cards and payments industry.
• Detailed analysis of strategies adopted by banks and other institutions to market debit, and credit cards.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• The competitive landscape of the Lebanon cards and payments industry.

Key Highlights

• To promote the use of electronic payments and curb cash usage, in April 2024, the BDL initiated the financial inclusion measures. It included that banks and financial institutions are to provide all necessary facilitations to ensure electronic payment services, with minimal costs for consumers. Additionally, in coordination with the Ministry of Finance, the BDL is also working on a project to accept payment cards for tax payments at all Ministry of Finance branches across Lebanon; facilitated by the installation of POS machines. These measures will further promote payment card usage in the country.
• Payment card fraud in Lebanon is a significant issue which encompasses various types, such as through card-not-present transactions, counterfeit cards, lost or stolen cards, and card ID theft. To combat this problem, the BDL, in collaboration with key financial and security institutions, as well as the Association of Banks in Lebanon, released comprehensive guidelines in July 2024. These guidelines aim to prevent financial cybercrime in Lebanon. By following these precautionary measures, account holders can safeguard their personal and financial information from cyber threats. Implementing these security practices is crucial in mitigating the risks associated with financial cybercrime.
• The Lebanese Government is prioritizing financial inclusion to enhance access to financial services; thereby promoting economic stability and growth. Their efforts encompass various strategies, such as introducing savings products, enhancing financial technology, and targeting underserved populations. In April 2024, the BDL and the government celebrated the Arab Day for Financial Inclusion 2024, with a focus on the theme Encouraging Savings to Improve Financial Inclusion. This initiative aimed to bolster the banking population by raising awareness about the importance of savings accounts and developing financial products, including debit cards. These measures ultimately contribute to overall financial inclusion

Scope

• Card market size in terms of number of cards, value and volume of transactions in Lebanon along with detailed card segmentation of debit, and credit cards available in the country.
• Market sizing and analysis of major payment instruments including cards, direct debits, and cheques.
• Payment market trends and growth for both historical and forecast period
• Competitor analysis with detailed insights into leading card issuers and schemes.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• A detailed snapshot of country's key alternative payment brands.

Reasons to Buy

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