Payments Landscape in Kuwait: Opportunities and Risks to 2023

Posted by Kavita on September 19th, 2019

Bharat Book Bureau Provides the Trending Market Research Report on “Payments Landscape in Kuwait: Opportunities and Risks to 2023” under Banking Category. The report provides information on industry overview, market size, latest developments, industry trends, Key Manufacturers, global presence, device to communicate and their future prospects.

Summary
“Payments Landscape in Kuwait: Opportunities and Risks to 2023″, 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 cards and cheques during the review-period (2015-19e).

Request a free sample copy of Kuwait Payments Landscape Market Report @ 
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The report also analyses 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 country’s competitive landscape, including the market shares of issuers and schemes.

The report research, modelling, 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.

The report provides top-level market analysis, information and insights into the Kuwaiti cards and payments industry, including –
– Current and forecast values for each market in the Kuwaiti cards and payments industry, including debit, credit, and charge cards.
– Detailed insights into payment instruments including cards and cheques. It also, includes an overview of the country’s key alternative payment instruments.
– E-commerce market analysis.
– Analysis of various market drivers and regulations governing the Kuwaiti cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope
– Metal cards, which are popular in countries like the US, are now being introduced in Kuwait to cater to high net worth and ultra- high net worth individuals. In March 2019, KFH partnered with French payment solutions provider IDEMIA to launch the country’s first metal card, the Visa Infinite Charge Card. Card holders are entitled to benefits including worldwide VIP airport lounge access, a concierge service, comprehensive travel insurance cover, and emergency medical assistance.

– To facilitate the adoption of electronic banking, Kuwait’s financial institutions are gradually expanding the necessary infrastructure. National Bank of Kuwait (NBK) collaborated with ACI Worldwide to launch SWIFT Global Payments Innovation (gpi) services for its customers in January 2019. SWIFT gpi now includes nearly 300 banks, and allows members to provide same-day fund transfers.

– To increase transparency and boost consumer confidence in electronic payments, in September 2018 the Central Bank of Kuwait introduced a new regulation mandating that all service providers must register in its electronic payment system. The central bank has given providers one year to standardize e-payment transactions in accordance with the central bank’s approved standards. All e-payment methods are subject to the scrutiny of the central bank. While banks are automatically listed as service providers, other institutions will have to apply separately. The aim is to bring all electronic payment methods under the regulation of the central bank.

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.

Browse our full report with Table of Contents: 
https://www.bharatbook.com/marketreports/payments-landscape-in-kuwait-opportunities-and-risks-to-2023/1697121

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