1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends

The Cards and Payments Industry in Argentina: Emerging trends and opportunities to 2020

  • June 2017
  • 56 pages
  • GlobalData
Report ID: 3327267

Summary

Table of Contents

Search Inside

The Cards and Payments Industry in Argentina: Emerging trends and opportunities to 2020

Summary
GlobalData’s "The Cards and Payments Industry in Argentina: Emerging trends and opportunities to 2020", report provides detailed analysis of market trends in the Argentine cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cheques, cash, payment cards and direct debit during the review period (2012-2016).

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 (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.

The report provides top-level market analysis, information and insights into the Argentine cards and payments industry, including -
- Current and forecast values for each market in the Argentine cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including credit transfers, cheques, cash, direct debit and payment cards. 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 Argentine cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Scope
- To improve financial inclusion and increase competition between banks, in 2016 the central bank introduced guidelines for convenient account opening and switching between providers. As per the new guideline, wage accounts can be opened directly by individuals rather than upon request by their employer. Individuals can open and close their accounts and cancel their credit cards through online banking, without the need to visit a bank branch. To increase financial access for citizens, the central bank relaxed the regulatory requirements for opening new bank branches in 2016. In H1 2016, 97 new branches were provided with authorization, an increase of 44 over H2 2015.
- The government move to abolish the tax on credit card payments made in foreign currency in December 2015 is anticipated to drive credit card transactions. In December 2013 the government had increased the tax on all credit card purchases made abroad from 20% to 35%. Consumers were also charged with a 50% tax on online purchases of more than $25 (ARS201.90) from foreign websites. The restrictions on online shopping and use of payment cards abroad was an attempt to control the drop in foreign currency reserves, which fell by 29% in 2013 to $30.9bn (ARS168.7bn), a seven-year low.
- To promote inbound tourism in the country, in September 2016 the Argentine government abolished value added tax (VAT) on hotel charges for foreign travelers if they paid using a debit or credit card issued overseas. Hotels must now refund foreign tourists the VAT charged on hotel stays. This move is anticipated to push up tourist numbers by 120,000 and increase spending by $90m (ARS1.3bn), thereby driving the payment card transaction value and volume.

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

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

U.S. Consumer Payments Outlook Through 2020

  • $ 4995
  • Industry report
  • May 2017
  • by Packaged Facts

U.S. Consumer Payments Outlook Through 2020 provides trend-forward analysis of consumer payment usage, behavior and preferences; and shifts in usage, behavior and preferences over time. The report focuses ...

Consumer Payments Country Snapshot: Belgium 2016

  • $ 3450
  • Industry report
  • April 2017
  • by GlobalData

Consumer Payments Country Snapshot: Belgium 2016 Summary The Belgian payments market is highly developed, with consumers very comfortable using debit cards. Belgian consumers are very comfortable with ...

Consumer Payments Country Snapshot: Brazil 2016

  • $ 3450
  • Industry report
  • April 2017
  • by GlobalData

Consumer Payments Country Snapshot: Brazil 2016 Summary This report examines the consumer payments market in Brazil, considering payment cards, online payments, P2P payments, and newer payment technologies ...


Download Unlimited Documents from Trusted Public Sources

Debit Card Markets in the UK

  • June 2017
    2 pages
  • Debit Card  

    Store Card  

  • United Kingdom  

View report >

Payments Markets in the US

  • June 2017
    2 pages
  • Payments  

  • United States  

View report >

Mobile Payment Industry in Ghana

  • June 2017
    90 pages
  • Mobile Payment  

  • Ghana  

    Africa  

View report >

Payments Industry

4 days ago

Payments Industry

4 days ago

Related Market Segments :

Debit Card
Payments

ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.