Synopsis
The report provides market analysis, information and insights into the Indian prepaid and debit cards market, including:
• Current and forecast values for the Indian prepaid and debit card market
• Current and forecast values of the various categories in the Indian prepaid and debit card market
• Analysis of the key trends, drivers and challenges in the Indian prepaid and debit card market
• Summary of the current regulatory framework
• Detailed analysis of the marketing strategies adopted for selling prepaid and debit cards by category
• Competitive landscape of the Indian prepaid and debit card market
• SWOT analysis of the Indian prepaid and debit card market
• Profile of the major companies in the Indian prepaid and debit card market
Scope
The Indian prepaid and debit card market registered significant growth during the review period (2007-2011), with combined card volume recording a growth of 31% in 2011 over figures from 2010. Changing lifestyle demographics, the need for more sophisticated products, the growth of online shopping and increasing levels of per capita income supported the growth of this market. Many Indian banks have been expanding their networks of automatic teller machines (ATMs) in order to develop their business. Part of this expansion has involved installing point of sale (POS) terminals, which are electronic data-capture swipe machines and accept both debit and credit card payments at retail outlets. With competitive pressures on both the prepaid and debit cards market, banks and issuers are developing marketing and pricing strategies with the aim of attracting larger customer bases. Offers such as cash-back, discounts for retail outlets, buy-one-get-one-free offers, rewards points, increasing daily limits for cash withdrawals and insurance coverage are some of the most common strategies that banks are providing to debit and prepaid card customers.
Summary
This report will provide you with:
• A comprehensive analysis of the prepaid and debit card market in India
• Current values for the Indian prepaid and debit card market for the reports 2007-2011 review period and figures for the 2012-2016 forecast period.
• Current values of the various categories within the Indian prepaid card market for the review period and forecast period.
• Exhaustive summary of the key trends, drivers and challenges affecting the Indian prepaid and debit card market
• Current regulatory framework in the industry
• Strengths, weaknesses, opportunities and threats in the Indian prepaid and debit card market
• Marketing strategies used by various companies
• Profiles of the major banks and companies in the Indian prepaid and debit card market
Reasons To Buy
• Make strategic business decisions using historic and forecast market data related to the Indian prepaid and debit card industry and each category within it
• Understand the key market trends and growth opportunities within the Indian prepaid and debit card market
• Assess the competitive dynamics in the Indian prepaid and debit card market
• Gain insights into the marketing strategies used by banks and prepaid card companies
• Gain insights into key regulations governing the Indian prepaid and debit card market
Key highlights
• The Indian debit and prepaid cards market grew substantially both in volume and value terms during the review period.
• Growth in payment infrastructure has supported increased levels of card usage.
• The online retail market will drive the use of prepaid and debit cards.
• Consumer preference plays a key role in purchasing decisions.
• Domestic payment scheme, RuPay, to compete with Visa and MasterCard.
• Entry of non-banking companies to support growth.
• Use of corporate prepaid travel cards to support growth over the forecast period.
Table Of Contents
1 Executive Summary
2 The Future Outlook of Prepaid and Debit Card Market in India
3 Prepaid and Debit Card Market Dynamics
3.1 Indian Banking Industry Overview
3.2 Market Share Analysis by Payment Channels
3.2.1 Overview of payment channels
3.2.2 Cash
3.2.3 Checks
3.2.4 Credit transfer
3.2.5 Cards
3.2.6 Internet banking
3.2.7 Mobile payments
3.3 SWOT Analysis of Indian Prepaid and Debit Card Market
3.4 Regulatory Framework
4 Competitive Landscape
4.1 Banking Industry Structure in India
4.1.1 Public-sector banks
4.1.2 Private-sector banks
4.1.3 Foreign banks
4.2 Debit Card Market Share
4.3 Prepaid Card Market Share
4.4 Market Share of Debit Cards by Service Provider
5 Key Trends and Growth Drivers for the Indian Prepaid and Debit Cards Market
5.1 Economic Drivers
5.1.1 Gross domestic product (GDP)
5.1.2 Inflationary pressure remains a key concern
5.1.3 Per capita annual disposable income
5.1.4 Bank repo rate
5.1.5 Increasing urbanization expected to support growth of Indian prepaid and debit card market
5.2 Infrastructure Drivers
5.2.1 Increasing number of ATMs
5.2.2 Point of sale terminals (POS)
5.2.3 Mobile and internet penetration
5.3 Business Drivers
5.3.1 Retail dynamics - Cash transactions still dominate the market
5.3.2 Prepaid cards are more secure than credit and debit cards
5.3.3 C2G (consumer to government) and G2C (government to consumer) payments expected to remain key focus areas
5.4 Challenges
5.4.1 Business model and associated costs
5.4.2 Threat of fraud
5.4.3 Regulatory framework
5.4.4 Lack of consumer awareness
5.4.5 Absence of adequate infrastructure
6 Emerging Consumer Attitude and Trends
6.1 Market Segmentation and Targeting
6.1.1 Retail segment
6.1.1 Corporate customers
6.2 Consumer Preference
6.2.1 Convenience
6.2.2 Price
6.2.3 Services
6.3 Online Buying Behavior
6.4 Preferred Payment Methods
7 Indian Prepaid and Debit Cards Market Size and Growth Potential
7.1 Market Share Analysis by Type of Card
7.2 Total Market Size and Forecast of Card Industry
7.2.1 Analysis by volume
7.2.2 Analysis by value
7.3 Debit Card Market Size and Forecast
7.3.1 Analysis by volume
7.3.2 Analysis by value
7.4 Prepaid Card Market Size and Forecast
7.4.1 Analysis by volume
7.4.2 Analysis by value
7.5 Indian Prepaid Cards Market Size by Category
7.5.1 Payroll cards
7.5.2 Travel cards
7.5.3 Multi-purpose cards
7.5.4 Remittance cards
7.5.5 Other prepaid cards
8 Indian Prepaid and Debit card Marketing Strategies
8.1 Market Entry Strategies
8.2 Marketing / Product Strategy
8.2.1 Payroll cards
8.2.2 Travel cards
8.2.3 Multi-purpose cards
8.2.4 Remittance cards
8.2.5 Other prepaid cards
8.2.6 Debit cards
8.3 Pricing Strategies
9 Profile of Leading Indian Companies
9.1 SBI Group
9.1.1 Strategies
9.1.2 Prepaid Cards Offered
9.1.3 Debit Card offered
9.1.4 Financial Performance
9.2 Punjab National Bank
9.2.1 Strategies
9.2.2 Prepaid Card Offered
9.2.3 Debit Card Offered
9.2.4 Financial Performance
9.3 ICICI Bank Limited
9.3.1 Strategies
9.3.2 Prepaid card offered
9.3.3 Debit Card offered
9.3.4 Financial performance
9.4 HDFC Bank
9.4.1 Strategies
9.4.2 Prepaid card offered
9.4.3 Debit Card offered
9.4.4 Financial performance
9.5 Axis Bank
9.5.1 Strategies
9.5.2 Prepaid card offered
9.5.3 Debit Card offered
9.5.4 Financial performance
9.6 ITZ Cash Card Ltd
9.6.1 Prepaid cards offered
9.6.2 Strategies
10 Appendix
10.1 Methodology
10.2 Definitions
10.3 Contact Us
10.4 About Timetric
10.5 Disclaimer
List Of Tables
Table 1: Indian Companies Authorized to Provide Prepaid Payment Instruments by the RBI, 2009-2012
Table 2: Indian Banking Industry Value by Loans and Deposits (US$ Billion), 2007-2011
Table 3: Indian Banking Industry Value by Loans and Deposits (US$ Billion), 2012-2016
Table 4: SWOT Analysis of the Indian Prepaid and Debit Cards Market
Table 5: India: Repo Rate (%), April 2009 - April 2012
Table 6: Indian Card Industry by Type of Card (Millions), 2007-2016
Table 7: Indian Card Industry Market Size by Volume (Million), 2007-2016
Table 8: Indian Card Industry Market Size by Transaction Value (INR Billion), 2007-2016
Table 9: Indian Debit Card Industry Market Size (Million), 2007-2016
Table 10: Indian Debit Card Industry Market Size (INR Billion), 2007-2016
Table 11: Indian Prepaid Card Industry Market Size ( Million), 2007-2016
Table 12: Indian Prepaid Card Industry Market Size (INR Billion), 2007-2016
Table 13: Indian Payroll Card Industry Market Size (INR Billion), 2007-2016
Table 14: Indian Travel Card Industry Market Size (INR Billion), 2007-2016
Table 15: Indian-Multi Purpose Card Industry Market Size (INR Billion), 2007-2016
Table 16: Indian Remittance Card Industry Market Size (INR Billion), 2007-2016
Table 17: Indian Other Prepaid Card Industry Market Size (INR Billion), 2007-2016
Table 18: Market Entry Strategy of Foreign Banks in India
Table 19: State Bank Classic Debit and Shopping Card
Table 20: State Bank Silver International Debit Card
Table 21: State Bank Gold International Debit Card
Table 22: State Bank Platinum International Debit Card
Table 23: SBI Yuva International Debit Card
Table 24: SBI Group Financial Position, Fiscal Year Ending March (INR Billion)
Table 25: Punjab National Bank Financial Position, Fiscal Year Ending March (INR Billion)
Table 26: ICICI Bank Financial Position (INR Billion)
Table 27: HDFC Bank Financial Position (INR Billion)
Table 28: Axis Bank Financial Position (INR Billion)
Table 29: Indian Prepaid Card Definition
List Of Figures
Figure 1: Growth Potential of Prepaid and Debit Cards in India
Figure 2: Indian Banking Industry Value by Loans and Deposits (US$ Billion), 2007-2011
Figure 3: Indian Banking Industry Value by Loans and Deposits (US$ Billion), 2012-2016
Figure 4: Indian Bank Types - Share of Total Outstanding Cards
Figure 5: Indian Banking Industry
Figure 6: Indian Debit Card Market - Market Share of Top-Five Public Banks by Volume, 2011
Figure 7: Indian Debit Card Market - Market Share of Top-Five Private Banks by Volume, 2011
Figure 8: Indian Debit Card Market - Market Share of Top-Five Foreign Banks by Volume, 2011
Figure 9: Indian Debit Card Market - Leading Firms According to Market Share in Volume Terms, 2011
Figure 10: Indian Leading Closed-Loop Prepaid Card Issuers - Market Share by Volume, 2011
Figure 11: Indian Leading Open-Loop Prepaid Card Issuers - Market Share by Volume, 2011
Figure 12: Indian Debit Card Market Share of Service Providers
Figure 13: India: GDP Growth Rate, Q1 2010 - Q4 2011
Figure 14: India: Inflation Rate (%), 2007-2017
Figure 15: India: Annual Per Capita Disposable Income (US$), 2007-2017
Figure 16: India: Repo Rate (%), April 2009 - April 2012
Figure 17: India: Urban and Rural Population (%), 2007-2011
Figure 18: India: Number Of Automated Teller Machines (ATMs) (Thousands), 2007-2017
Figure 19: India: Number Of Point-of-Sale Terminals (Thousands), 2007-2017
Figure 20: India: Market Share of Point of Sale Terminals (Top Seven Banks), March 2011
Figure 21: India: Internet Penetration Rate (%), 2007-2016
Figure 22: India: Mobile Phone Penetration Rate (%), 2007-2011
Figure 23: India: Percentage of Retail Transactions By Volume, 2011
Figure 24: India: Prepaid and Debit Cards Market Challenges
Figure 25: India: Market Segmentation and Targeting of Prepaid and Debit Cards
Figure 26: India: Female Population
Figure 27: Specialized Debit Cards For Women
Figure 28: India: Volume of Leisure Tourists (Million), 2007-2016
Figure 29: India: HNWIs Volume, 2007-2016
Figure 30: Debit Cards Offered to High-Net-Worth Individuals
Figure 31: India: Volume of Outbound Business Tourists (Million), 2007-2016
Figure 32: Prepaid Cards for Outbound Business Tourists
Figure 33: Consumer Preferences on Prepaid and Debit Cards
Figure 34: Services Offered on Prepaid and Debit Cards
Figure 35: India Online Trade Market (INR Million), 2007-2011
Figure 36: India: Preferred Payment Methods - 2011
Figure 37: Indian Card Industry by Type of Card (%), 2007-2016
Figure 38: Indian Card Industry Market Size by Volume (Million), 2007-2016
Figure 39: Indian Card Industry Market Size by Transaction Value (INR Billion), 2007-2016
Figure 40: Indian Debit Card Industry Market Size (Million), 2007-2016
Figure 41: Indian Debit Card Industry Market Size (INR Billion), 2007-2016
Figure 42: Indian Prepaid Card Industry Market Size ( Million), 2007-2016
Figure 43: Indian Prepaid Card Industry Market Size (INR Billion), 2007-2016
Figure 44: Indian Payroll Card Industry Market Size (INR Billion), 2007-2016
Figure 45: Indian Travel Card Industry Market Size (INR Billion), 2007-2016
Figure 46: Indian-Multi Purpose Card Industry Market Size (INR Billion), 2007-2016
Figure 47: Indian Remittance Card Industry Market Size (INR Billion), 2007-2016
Figure 48: Indian Other Prepaid Card Industry Market Size (INR Billion), 2007-2016
Figure 49: Marketing Strategies Based on Card Type
Figure 50: Debit Cards Pricing Strategies of Various Service Providers
Figure 51: Prepaid Cards Pricing Strategies of Various Service Providers
Figure 52: State Bank of India Market Segmentation of Cards Offered
Figure 53: Punjab National Bank (PNB) Market Segmentation of Cards Offered
Figure 54: ICICI Bank Limited (ICICI) Market Segmentation of Cards Offered
Figure 55: ICICI Bank Prepaid Cards
Figure 56: HDFC Bank Limited (HDFC Bank) Market Segmentation of Cards Offered
Figure 57: HDFC Bank Easy Shop Women Advantage Debit Card
Figure 58: Axis Bank Market Segmentation of Cards Offered
