The Cards and Payments Industry in Chile-Emerging trends and opportunities to 2020

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

Summary

Publisher's "The Cards and Payments Industry in Chile: Emerging trends and opportunities to 2020", report provides detailed analysis of market trends in the Chilean cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, payment cards, cash, direct debit, and cheques during the review-period (2012-16e).

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 (2016-20f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Publisher'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.

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This report provides top-level market analysis, information and insights into the Chilean cards and payments industry, including-
- Current and forecast values for each market in the Chilean cards and payments industry, including debit and credit cards.
- Detailed insights into payment instruments including credit transfers, cash, cheques, 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 Chilean cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

- To capitalize on the growing adoption of alternative payment solutions in the country, BBVA Chile launched its mobile wallet, BBVA Wallet, in April 2015. The wallet allows users to make contactless mobile payments without the need to authenticate transactions with a PIN. The wallet is directly linked to the customer's bank account. Meanwhile Visa launched Visa Checkout in Chile in February 2015. It allows users to store multiple card details and billing addresses for faster checkout. Once details are saved they can be used for future payments.
- To promote electronic payments in Chile, Mastercard has launched various payment solutions. It launched the Qkr! mobile app for Android and iOS mobile phone users in June 2015, enabling consumers to make faster and secure payments using a mobile phone or tablet. The app is available free of charge, and only requires users to register their credit card details. Chile was the first Latin American country to offer this solution, which is now mostly targeted at sports fans. It allows them to order food from their seat while watching matches at the National, Estadio Monumental David Arellano, and La Portada stadiums. Mastercard also offers its Masterpass payment solution in Chile for online shoppers. Masterpass allows users to pay from a list of pre-stored card and shipping information.
- To serve the unbanked population and promote prepaid cards in the country, the central bank introduced a new regulation on prepaid cards in 2015. Non-banking organizations under the purview of the Superintendence of Banks and Financial Institutions (SBIF) are now allowed to issue prepaid cards. A customer's identity must be verified before offering a prepaid card in order to curb money laundering and terrorist financing activities.

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Companies Mentioned:

Banco del Estado de Chile
Banco Santander Chile
Bci
Banco de Chile
Banco Falabella
Banco Ripley
Banco Itaú Chile
Redcompra
Scotiabank
CuentaRUT
Magna
Visa
Mastercard
American Express

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

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Posted by Rajat Sahni on Friday January 04 2019, 9:23 AM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0