Philippines Cards and Payments Market Demand Forecast to 2022Posted by miky santhosh on November 16th, 2018 Steady growth was recorded in the Filipino card payments channel during the review period as the number of cards in circulation increased at a CAGR of 8%. This growth was primarily driven by the prepaid cards category which registered the highest growth rate at a CAGR of 17%. Over the forecast period the number of cards in circulation is expected to register a CAGR of 6%. Buy full report @ https://www.marketdataforecast.com/market-reports/Philippines-Cards-and-Payments-Market-6937/ The card payments channel is dominated by four large domestic banking groups – Metrobank, Banco de Oro, Bank of the Philippine Islands (BPI), and Land Bank of the Philippines. In the debit card category, domestic banks held a collective market share of 57%. Foreign banks such as Citibank and HSBC dominate the credit card business. In terms of number of credit cards in circulation, Citibank held the highest share followed by HSBC with 10.8%. Request sample report @ https://www.marketdataforecast.com/market-reports/Philippines-Cards-and-Payments-Market-6937/request-sample Like it? Share it! More by this author |