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Back home  /  Insights  /  Payments reports: September 2021

New Payments Reports: US, Malaysia, South Africa, Kuwait

17 September 2021
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As the recovery from the initial pandemic continues, the focus in the world of cards and payments has now moved firmly towards profitability as well as the opportunities and threats afforded by evolving consumer behaviour, with up-to-date data and insights imperative for industry decision-makers.

The latest market intelligence reports from Verisk Financial Report cover four markets: United States, Malaysia, South Africa and Kuwait. Our country-by-country guides deliver in-depth research, expert analysis and valuable commentary, now featuring data showing impacts and trends related to the pandemic.

UNITED STATES: Competition has resumed in the credit cards market with issuers vying to capture their share of the return of spend as restrictions lift. A new form of competition has emerged in the form of BNPL, which has blossomed here in recent years. The accelerating rollout of contactless shows that, despite a powerful tradition and legacy infrastructure, change can happen quickly if industry desires it. You will learn:

  • How the cards market has been impacted by the pandemic and how issuers are responding as the economy reopens
  • What is driving changes to the credit card profit pool mix
  • How the networks are responding to developments in digital and alternative payments
  • Why scale and technological development are so vital to merchant acquirers

More on the US cards market.

MALAYSIA: Despite the rapid increase of digital payment methods, there remains a golden opportunity to claim market share both in issuing and acquiring. Supported by successful efforts to launch an interoperable standard, the QR code is gaining ground fast, paving the way for super-apps to gain market share. You will learn:

  • Why the credit card market has rebounded from its post-financial crisis trough
  • How a vibrant Malaysian mobile payments market is forming fast
  • About the effects of interchange caps imposed in 2015 and 2019
  • Why e-money continues to grow at world-leading levels

More on the Malaysia payments market.

SOUTH AFRICA: Digital banking is growing fast and new lenders are challenging incumbents through purely digital offerings, while the emergence from non-banks of new tech (eg, QR codes, SoftPOS and mPOS) is set to drive down the cost of payment acceptance for merchants. The central bank is currently consulting with stakeholders about creating a domestic card network. You will learn:

  • How regulation and competition are combining to drive change
  • Why cash usage is under increasing pressure
  • Which challengers are breaking the established lenders' grip
  • Where issuers are now focusing in a changing economy

More on the South Africa cards market.

KUWAIT: Acceptance improvements will accelerate the POS rebound in tandem with e-commerce's increasing popularity, rising smartphone penetration and initiatives to encourage cards and digital usage. The debit card is notably popular here, in contrast to the wider region, while the rise of Premium products shows that the credit card is growing in appeal. You will learn:

  • How spend is rapidly shifting from cash to cards
  • What effect online cards usage is having on traditional CoD
  • How mobile penetration is transforming the POS
  • Projections to 2024 on revenue-stream performance

More on Kuwait cards & payments.

Each Verisk Financial Research report takes a consistent approach, providing concise commentary and deep data on the latest market trends and regulatory developments, with insights and profiles covering the key market players including banks, issuers, networks, acquirers and processors. Contact us to request a demo, discuss bespoke research projects or find out more.

Country Report Round Up Insert
Payments reports: September 2021
The focus in the world of cards and payments has now moved firmly towards profitability. We analyse the opportunities and threats afforded by evolving consumer
Chart for MAAP QR smartphones
Tech potential for Asia-Pacific
Historically dormant long-tail opportunities for smaller sized enterprises are being picked up across the Asia Pacific region and presenting a challenge to cards-based
India Payments Chart 2
Indian P2P payments growth
Cash has been historically dominant in India but the latest cards and digital payments report from Verisk Financial Research expects mobile-based P2P to move swiftly
Moscow
Russians turn to mobile payments
As Russians increase their usage of bank cards and mobile payments, cash is starting to decline. Authorities are encouraging mobile payments and actively exploring
Merchant Acquirer Report MALA 2020 Background
Latin America acquirer growth
Latin America has enjoyed strong growth in merchant acquiring volumes over the past few years. This trend will probably persist with card usage spurred by contactless
NAMA image
North America acquiring expands
Acquirers and processors continue to post impressive growth in revenue. Although margins are thin and shrinking the overall payments pie continues to expand.
Hong Kong signs
Hong Kong's digital drive
Although Hong Kong consumers have been sophisticated users of credit cards for a long time, cash use has persisted. Authorities are now committed to a push for digitalisation.
Western Europe image
The potential of Western Europe
Western Europe's merchant acquiring market is one of the most competitive in the world. Despite the challenges, the market consolidates at pace through mergers
Bridge across the Bosphorous at night
Turkey cards industry well placed
Longstanding curbs in Turkey on rollover behaviour should stand the credit cards market in good stead as pressures on the economy grow, says a report from Verisk

About Verisk Financial Research The market-leading online, interactive database and data dashboards covering the global cards and payments industry in detail, plus a range of data-packed country and regional reports. Leveraging financial cards data going back to 2010 – and forecasts up to 2022 – our unique datasets cover 72 countries around the world and feature more than 250 metrics per market.

Find out more: contact us at research_enquiries@verisk.com.