The Cards and Payments Industry in Kuwait: Emerging Trends and Opportunities to 2020

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Published: September 09, 2016 Report Code: VR1120MR-ST

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GlobalData’s 'The Cards and Payments Industry in Kuwait: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Kuwaiti cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments and payment cards during the review period (2011–2015).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016–2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’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.

Scope

• This report provides a comprehensive analysis of the Kuwaiti cards and payments industry.

• It provides current values for the Kuwaiti cards and payments industry for 2015, and forecast figures to 2020.

• It details the different demographic, economic, infrastructural and business drivers affecting the Kuwaiti cards and payments industry.

• It outlines the current regulatory framework in the industry.

• It details marketing strategies used by various banks and other institutions.

Key Highlights

How advanced is the uptake of contactless technology in Kuwait? What has the Al Ahli Bank launched for Visa premium credit cardholders? What does this service enable cardholders to do? Which bank previously launched a similar service?

What are banks in Kuwait increasingly focusing on? What is the aim of this specific focus? Which bank has launched a mobile banking app? What is this app called and what are the key features? Which services can this app be used for? What solution did NBK launch in July 2016? Which customer group is this service targeting? What are the key operations available to customers?

In what way have Kuwaiti banks modified and improved their product offerings? What market has the Kuwait Finance House targeted with the launch of its Visa Signature credit card? Which two banks also offer credit cards in the same market? What have banks in Kuwait been doing to meet rising demand?

Reasons to Buy

• Make strategic business decisions, using top-level historic and forecast market data, related to the Kuwaiti cards and payments industry and each market within it.

• Understand the key market trends and growth opportunities in the Kuwaiti cards and payments industry.

• Assess the competitive dynamics in the Kuwaiti cards and payments industry.

• Gain insights into marketing strategies used for various card types in Kuwait.

• Gain insights into key regulations governing the Kuwaiti cards and payments industry.

Kuwait Finance House
NBK
CBK
Gulf Bank
Ahli United Bank
Boubyan Bank
Visa
MasterCard
American Express
Diners Club

Table of Contents

1 DEFINITIONS AND METHODOLOGY

1.1 Definitions

1.2 Methodology

2 KEY FACTS AND HIGHLIGHTS

3 EXECUTIVE SUMMARY

4 PAYMENT INSTRUMENTS

5 E-COMMERCE AND ALTERNATIVE PAYMENTS

5.1 E-Commerce Market Analysis

5.2 Alternative Payment Solutions

5.2.1 PayPal

5.2.2 Paysafecard

5.2.3 Seqr

5.2.4 Hotpay

5.2.5 Boloro

5.2.6 Next Pay

5.2.7 goTap

5.2.8 Zain Pay

6 REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY

6.1 Regulatory Framework

6.2 Anti-Money Laundering (AML)

6.3 Foreign Direct Investment (FDI) Regulations

7 ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS

8 PAYMENT CARDS

9 DEBIT CARDS

9.1 Debit Card Market Analysis

9.2 Debit Card Scheme and Issuer Shares

9.3 Debit Cards Comparison

10 PAY LATER CARDS

10.1 Pay Later Cards Market Analysis

10.2 Pay Later Cards Scheme and Issuer Shares

10.3 Pay Later Cards Comparison

11 APPENDIX

11.1 Tables

11.2 Contact GlobalData

11.3 About GlobalData

11.4 GlobalData’s Services

11.5 Disclaimer

Table

Table 1: Key Definitions

Table 2: Annual Average Exchange Rate

Table 3: Kuwait – Key Facts, 2015

Table 4: Regional Benchmarking of Kuwait’s Payment Cards, 2015

Table 5: Kuwait – Mode of Entry of Foreign Banks

Table 6: Kuwait – Debit Cards Comparison and Key Features, 2016

Table 7: Kuwait – Gold Credit Cards Comparison and Key Features, 2016

Table 8: Kuwait – Premium Credit Cards Comparison and Key Features, 2016

Table 9: Kuwait – Payment Instrument Transaction Values (KUD Billion), 2011–2015

Table 10: Kuwait – Payment Instrument Transaction Values (US$ Billion), 2011–2015

Table 11: Kuwait – Payment Instrument Transaction Volumes (Million), 2011–2015

Table 12: Kuwait – Number of Payment Cards in Circulation by Type (Million), 2011–2020

Table 13: Kuwait – Volume of Payment Card Transactions by Type (Million), 2011–2020

Table 14: Kuwait – Value of Payment Card Transactions by Type (KUD Billion), 2011–2020

Table 15: Kuwait – Value of Payment Card Transactions by Type (US$ Billion), 2011–2020

Table 16: Kuwait – Number of Debit Cards in Circulation (Million), 2011–2020

Table 17: Kuwait – Debit Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 18: Kuwait – Debit Card Total and Average Transaction Values by Channel, 2011–2020

Table 19: Kuwait – Debit Card Total and Average Transaction Values by Channel, 2011–2020

Table 20: Kuwait – Number of Debit Cards in Circulation by Scheme (Million), 2011–2015

Table 21: Kuwait – Debit Card Transaction Values by Scheme (KUD Billion), 2011–2015

Table 22: Kuwait – Debit Card Transaction Values by Scheme (US$ Billion), 2011–2015

Table 23: Kuwait – Debit Card Transaction Values by Issuer (KUD Billion), 2011–2015

Table 24: Kuwait – Debit Card Transaction Values by Issuer (US$ Billion), 2011–2015

Table 25: Kuwait – Number of Pay Later Cards in Circulation (Million), 2011–2020

Table 26: Kuwait – Pay Later Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 27: Kuwait – Pay Later Card Total and Average Transaction Values by Channel, 2011–2020

Table 28: Kuwait – Pay Later Card Total and Average Transaction Values by Channel, 2011–2020

Table 29: Kuwait – Number of Pay Later Cards in Circulation by Scheme (Thousand), 2011–2015

Table 30: Kuwait – Pay Later Card Transaction Values by Scheme (KUD Million), 2011–2015

Table 31: Kuwait – Pay Later Card Transaction Values by Scheme (US$ Million), 2011–2015

Table 32: Kuwait – Pay Later Card Transaction Values by Issuer (KUD Million), 2011–2015

Table 33: Kuwait – Pay Later Card Transaction Values by Issuer (US$ Million), 2011–2015

Table 34: Kuwait – Number of Credit Cards in Circulation (Million), 2011–2020

Table 35: Kuwait – Credit Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 36: Kuwait – Credit Card Total and Average Transaction Values by Channel, 2011–2020

Table 37: Kuwait – Credit Card Total and Average Transaction Values by Channel, 2011–2020

Table 38: Kuwait – Number of Credit Cards in Circulation by Scheme (Thousand), 2011–2015

Table 39: Kuwait – Credit Card Transaction Values by Scheme (KUD Million), 2011–2015

Table 40: Kuwait – Credit Card Transaction Values by Scheme (US$ Million), 2011–2015

Table 41: Kuwait – Number of Charge Cards in Circulation (Thousand), 2011–2020

Table 42: Kuwait – Charge Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 43: Kuwait – Charge Card Total and Average Transaction Values by Channel, 2011–2020

Table 44: Kuwait – Charge Card Total and Average Transaction Values by Channel, 2011–2020

Table 45: Kuwait – Number of Charge Cards in Circulation by Scheme (Thousand), 2011–2015

Table 46: Kuwait – Charge Card Transaction Values by Scheme (KUD Million), 2011–2015

Table 47: Kuwait – Charge Card Transaction Values by Scheme (US$ Million), 2011–2015

Table 48: Kuwait – Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011–2020

Table 49: Kuwait – Personal and Commercial Pay Later Card Transaction Values (KUD Million), 2011–2020

Table 50: Kuwait – Personal and Commercial Pay Later Card Transaction Values (US$ Million), 2011–2020

Table 51: Kuwait – Number of Commercial Pay Later Cards in Circulation (Thousand), 2011–2020

Table 52: Kuwait – Commercial Pay Later Card Transaction Volumes (Million), 2011–2020

Table 53: Kuwait – Commercial Pay Later Card Transaction Values (KUD Million), 2011–2020

Table 54: Kuwait – Commercial Pay Later Card Transaction Values (US$ Million), 2011–2020

Figures

Figure 1: Kuwait – Payment Instrument Shares by Transaction Value (%), 2011 vs 2015

Figure 2: Kuwait – Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015

Figure 3: Kuwait – E-Commerce Value, 2011–2020

Figure 4: Kuwait – Population

Figure 5: Kuwait – Economic Indicators

Figure 6: Kuwait – ATMs and POS Terminals

Figure 7: Kuwait – Household Consumption

Figure 8: Kuwait – Growth in Payment Cards Transaction Values and Number of Cards in Circulation by Type, 2011–2020

Figure 9: Kuwait – Debit Card Penetration and Turnover Per Card

Figure 10: Kuwait – Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015

Figure 11: Kuwait – Pay Later Cards Penetration and Turnover Per Card

Figure 12: Kuwait – Pay Later Cards Scheme and Issuer Shares in Terms of Transaction Value (%), 2015

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