2020 Oman Cards and Payments Market Emerging Trends and News
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2020 Oman Cards and Payments Market Emerging Trends and News
Research Beam added a report on “The Cards and Payments Industry in Oman: Emerging Trends and Opportunities to 2020”
Summary
The Cards and Payments Industry in Oman: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Omani cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including direct debits, check payments, payment cards and credit transfers 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 research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages.
Get Sample of Report Here: http://www.researchbeam.com/the-cards-and-payments-industry-in-oman-emerging-trends-and-opportunities-to-2020-market
Scope
This report provides a comprehensive analysis of the Omani cards and payments industry.
It provides current values for the Omani cards and payments industry for 2015, and forecast figures to 2020.
It details the different demographic, economic, infrastructural and business drivers affecting the Omani cards and payments industry.
It outlines the current regulatory framework in the industry.
It details marketing strategies used by various banks and other institutions.
Reasons to buy
Make strategic business decisions, using top-level historic and forecast market data, related to the Omani cards and payments industry and each market within it.
Understand the key market trends and growth opportunities in the Omani cards and payments industry.
Assess the competitive dynamics in the Omani cards and payments industry.
Gain insights into marketing strategies used for various card types in Oman.
Gain insights into key regulations governing the Omani cards and payments industry.
Key highlights
To capitalize on the rising preference for Sharia-compliant banking and payment services among Omanis, banks are increasingly offering Sharia-compliant credit cards. In December 2015, Bank Nizwa collaborated with MasterCard to launch a range of Sharia-compliant credit cards. Similarly, in November 2014, Al Hilal Islamic Banking Services launched a Sharia-compliant Visa credit card which is available in Signature and Platinum variants. Cardholders are offered various value-added benefits such as unlimited access to more than 500 airport lounges around the world, a 24-hour concierge service, up to 25% discount at restaurants and free medical referrals.
The central bank issued a circular in November 2015, allowing non-banking financial companies (NBFCs) to issue white-labeled credit cards in collaboration with domestic banks. NBFCs can brand white labeled cards as their own cards, without investing in the necessary infrastructure. While banks are responsible for administration and settlement processes, NBFCs are responsible for branding and marketing of these cards. This move helps serve those consumers who do not have access to formal financial institutions to obtain credit. This move is anticipated to push the growth of the credit card market.
The central bank issued an advisory note in May 2014, requesting Omani residents and businesses to opt for non-cash payments and increase the use of ATMs and Cash Deposit Machines (CDMs) for routine transactions such as cash withdrawals, deposits and salary payments. This move was aimed at increasing the efficiency of the payment system by urging customers to use the existing banking infrastructure for electronic transactions. The shift towards non-cash transactions is anticipated to raise the use of debit cards.
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 and Payment Methods
5.2 Alternative Payment Solutions
5.2.1 PayPal
5.2.2 CashU
5.2.3 Ooredoo Charge to Mobile
5.2.4 Fortumo
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 Cards 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 Card Scheme and Issuer Shares
10.3 Pay Later Cards Comparison
11 APPENDIX
Enquire Here: http://www.researchbeam.com/the-cards-and-payments-industry-in-oman-emerging-trends-and-opportunities-to-2020-market/enquire-about-report
About Us:
With the arsenal of different search reports, Research Beam helps you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency.
With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly.
Contact Us:
5933 NE Win Sivers Drive,
#205, Portland, OR 97220
United States
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International: + 1-503-894-6022
UK: + 44-845-528-1300
India: +91 20 66346070
Fax : +1 (855) 550-5975
Email: help@researchbeam.com
Web: http://www.researchbeam.com
Research Beam added a report on “The Cards and Payments Industry in Oman: Emerging Trends and Opportunities to 2020”
Summary
The Cards and Payments Industry in Oman: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Omani cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including direct debits, check payments, payment cards and credit transfers 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 research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages.
Get Sample of Report Here: http://www.researchbeam.com/the-cards-and-payments-industry-in-oman-emerging-trends-and-opportunities-to-2020-market
Scope
This report provides a comprehensive analysis of the Omani cards and payments industry.
It provides current values for the Omani cards and payments industry for 2015, and forecast figures to 2020.
It details the different demographic, economic, infrastructural and business drivers affecting the Omani cards and payments industry.
It outlines the current regulatory framework in the industry.
It details marketing strategies used by various banks and other institutions.
Reasons to buy
Make strategic business decisions, using top-level historic and forecast market data, related to the Omani cards and payments industry and each market within it.
Understand the key market trends and growth opportunities in the Omani cards and payments industry.
Assess the competitive dynamics in the Omani cards and payments industry.
Gain insights into marketing strategies used for various card types in Oman.
Gain insights into key regulations governing the Omani cards and payments industry.
Key highlights
To capitalize on the rising preference for Sharia-compliant banking and payment services among Omanis, banks are increasingly offering Sharia-compliant credit cards. In December 2015, Bank Nizwa collaborated with MasterCard to launch a range of Sharia-compliant credit cards. Similarly, in November 2014, Al Hilal Islamic Banking Services launched a Sharia-compliant Visa credit card which is available in Signature and Platinum variants. Cardholders are offered various value-added benefits such as unlimited access to more than 500 airport lounges around the world, a 24-hour concierge service, up to 25% discount at restaurants and free medical referrals.
The central bank issued a circular in November 2015, allowing non-banking financial companies (NBFCs) to issue white-labeled credit cards in collaboration with domestic banks. NBFCs can brand white labeled cards as their own cards, without investing in the necessary infrastructure. While banks are responsible for administration and settlement processes, NBFCs are responsible for branding and marketing of these cards. This move helps serve those consumers who do not have access to formal financial institutions to obtain credit. This move is anticipated to push the growth of the credit card market.
The central bank issued an advisory note in May 2014, requesting Omani residents and businesses to opt for non-cash payments and increase the use of ATMs and Cash Deposit Machines (CDMs) for routine transactions such as cash withdrawals, deposits and salary payments. This move was aimed at increasing the efficiency of the payment system by urging customers to use the existing banking infrastructure for electronic transactions. The shift towards non-cash transactions is anticipated to raise the use of debit cards.
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 and Payment Methods
5.2 Alternative Payment Solutions
5.2.1 PayPal
5.2.2 CashU
5.2.3 Ooredoo Charge to Mobile
5.2.4 Fortumo
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 Cards 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 Card Scheme and Issuer Shares
10.3 Pay Later Cards Comparison
11 APPENDIX
Enquire Here: http://www.researchbeam.com/the-cards-and-payments-industry-in-oman-emerging-trends-and-opportunities-to-2020-market/enquire-about-report
About Us:
With the arsenal of different search reports, Research Beam helps you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency.
With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly.
Contact Us:
5933 NE Win Sivers Drive,
#205, Portland, OR 97220
United States
U.S. & Canada Toll Free: + 1-800-910-6452
International: + 1-503-894-6022
UK: + 44-845-528-1300
India: +91 20 66346070
Fax : +1 (855) 550-5975
Email: help@researchbeam.com
Web: http://www.researchbeam.com