Colombia Cards & Payments: Opportunities and Risks to 2023

Colombia Cards & Payments: Opportunities and Risks to 2023



Colombia Cards & Payments: Opportunities and Risks to 2023 report provides detailed analysis of market trends in Colombias cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, cash, direct debits, and cheques during the review-period (2015-19e).

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 (2019e-23f). It also offers information on the countrys competitive landscape, including the market shares of issuers and schemes.

The report brings together 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.

Colombia Cards & Payments: Opportunities and Risks to 2023 report provides top-level market analysis, information and insights into Colombias cards and payments industry, including -
- Current and forecast values for each market in Colombias cards and payments industry, including debit and credit cards.
- Detailed insights into payment instruments including direct debits, cash, cheques, and cards. It also, includes an overview of the countrys key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing Colombias cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

- Contactless technology will gradually gain traction in Colombia, with major banks now offering cards and wearables with contactless functionality. In February 2019, Bancolombia launched a payment sticker allowing users to make contactless payments of up to COP300,000 ($92.38) without needing to enter a PIN. As of March 2018 there were more than 4 million contactless cards in the country. Contactless payments have also been extended to public transport payments across major cities such as Bogotá, Cali, Medellín, Barranquilla, Pereira, and Bucaramanga since 2015.
- To encourage card payment acceptance among businesses, effective from January 2019 the Colombian government reduced the merchant service fee on debit and credit cards. The fee was cut from 1.1% to 1.0% for debit cards and from 2.35% to 2.15% for credit cards. The government plans to further reduce the fee on debit cards to 0.9% in 2020 and 0.8% in 2021. Credit cards will be cut to 2% in 2020 and 1.8% in 2021.
- The government is aiming to drive uptake and usage of banking products. To this end, in April 2019 it proposed eliminating management fees on savings accounts, credit and debit cards, as well as other transactions including checking balances at ATMs, withdrawals from same-bank ATMs, transfers, and online interbank transfers. Discussions on this matter are underway in parliament.

Reasons to buy

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


Market Overview
Card-based Payments
E-commerce Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix


Colombia Reinsurance - Key trends and Opportunities to 2024

Colombia Reinsurance - Key trends and Opportunities to 2024 Colombia Reinsurance - Key trends and Opportunities to 2024 report provides in-depth market analysis, information and insights into the Colombian reinsurance

USD 3999 View Report

Colombia General Insurance - Key trends and Opportunities to 2024

Colombia General Insurance - Key trends and Opportunities to 2024 Colombia General Insurance - Key trends and Opportunities to 2024 report provides in-depth market analysis, information and insights into the

USD 3999 View Report

COVID-19 Outbreak-Global Aircraft Placards & Signs Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020

The Aircraft Placards & Signs market revenue was xx.xx Million USD in 2019, and will reach xx.xx Million USD in 2025, with a CAGR of x.x% during 2020-2025.Under COVID-19 outbreak

USD 3660 View Report

Japan Cards & Payments: Opportunities and Risks to 2023

Japan Cards & Payments: Opportunities and Risks to 2023s Japan Cards & Payments: Opportunities and Risks to 2023 report provides detailed analysis of market trends in the Japan cards and

USD 2750 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available