researchFOLKS ’ “Cards and Payments Market in Singapore” report offers a distinct range of possibilities in the market of payment cards along with the accurately validated statistics of operational cards in the market and their total transactional values. It suggests profitable marketing strategies considering the competitive landscape in the market, purchase trends, payments options in online trade and significant government frameworks impacting the overall payment cards market of Singapore.
Our report kindles the hidden opportunities with dependable information about different types of cash transactions, volumes of cardholders, market proportion, current accounts, increase within the number of cards, credit cards outstanding balances, transactional values, details of the issuers at the side of available banking schemes and futuristic analysis of overall cards and payment marketplace in Singapore.
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Cards and Payments Market in Singapore – Highlights of the report:
The penetration of Pay now and pay later cards in the market of Singapore, which comprises their total quantity, transactional numbers, average transaction volumes and other most common application areas involving their use.
The highly competitive payment cards market of Singapore involving high operation cost, narrow margins, and high market saturation pushes the banking and financial organizations to be proactive and be in line with the evolving customer choices.
The erupting growth of retail and online business industries, and the adoption of contactless payments in the market and their impact on the payment cards market of Singapore during the report mentioned forecast period.
Limited development of debit card products despite their vast product line-up and market presence resulted in the product differentiation, which tends to be a major challenging and success factor at the same time.
The growing awareness of the credit cards and their benefits among the customers of Singapore resulted in the innovative strategies of the banks to introduce consumer-specific credit cards to meet different types of requirements and attract the particular target audience.
The growth trajectory of credit cards, debit cards, and charge cards transaction value in the market during the review period and their forecast on account of augmenting e-commerce business, secured banking facilities, customer choices for the use of payment cards and growing adoption of contactless payment cards at retail outlets and public transportation.
List of Companies mentioned in the report:
DBS Bank, UOB, OCBC, Citibank, Visa, Mastercard, NETS, American Express, PayPal, Standard Chartered Bank, EZ-Link and First Data
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