Welcome!

Microsoft Cloud Authors: Andreas Grabner, Stackify Blog, Liz McMillan, David H Deans, Automic Blog

News Feed Item

Targeting HNWIs in Asia-Pacific Markets for Premium Credit Card Opportunities

FARMINGTON, Conn., Jan. 23, 2013 /PRNewswire-iReach/ -- As economies have slowed in North America and Europe, many countries in the Asia-Pacific have grown steadily. As a result, the number of wealthy individuals in the region has also continued to increase and Asia-Pacific for the first time has become home to the largest number of high-net-wealth individuals (HNWI) in the world.

(Photo: http://photos.prnewswire.com/prnh/20130123/CG47221)

This rise of a small but surging population of wealthy individuals is particularly important to issuers of high-end financial products such as premium credit cards. The future of premium credit cards in Asia is undoubtedly bright due to strong economic growth and promising population demographics. Examining the current state of the premium segment in the region enables a deeper understanding of the status quo and strong strategic decisions for the future.

In South Korea, NFC-enabled devices issued by telecom companies are expected to increase the scope of mobile payments as government efforts and customer deleveraging will decrease the scope of credit cards. The card market in China is exhibiting double digit growth both in value and volume terms. In Indonesia, transaction volumes increased from 1.3 billion in 2008 to 2.3 billion in 2012. As the premium credit card market emerges in the Asia-Pacific region, the opportunities and features associated with these cards will grow in parallel, benefiting all parties involved.

Global Information (GII) highlights key research in the payment card industry:

Premium Credit Card Opportunities in Asia-Pacific Markets

This report examines the state of HNWIs in the Asia-Pacific market. The research provides a broad understanding of the HNWI demographic, projects their growth in selected Asia-Pacific markets, and surveys premium credit card growth in the Chinese, Singaporean, Thai, Indonesian and Malaysian credit card markets. Also included is a breakdown of premium credit card trends and offers in Asia, a comparison to domestic counterparts, and a discussion of the opportunities and challenges of market expansion into Asia-Pacific markets.

Companies mentioned in this report include: American Express, Bangkok Bank, Bank of Queensland, Bukopin Bank, Capgemini, CIMB Bank, Citigroup, Commonwealth Bank of Australia, DBS Bank, HSBC, Huaxia Bank, ICBC, ICB Bumiputera Bank, Julius Baer, Krungthai Bank, MayBank, RBC, United Overseas Bank, and Visa.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/mag258737-premium-credit-card-opportunities-asia-pacific.html

Emerging Opportunities in South Korea's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape

Mobile commerce transactions in South Korea are expected to record positive growth as telecom operators introduce NFC-based platforms for mobile devices. SK Telecom and KT jointly sold 250,000 NFC-enabled Samsung Galaxy Notes in December 2011 alone. Mobile operator KT rolled out NFC-enabled SIM cards in 2010 and South Koreas third-largest mobile operator LG U+ also rolled out NFC phones such as the LG Optimus. KT has estimated that the cumulative sales of NFC-enabled phones sold by all operators will reach 20 million by the end of 2012. Telecom companies are also replacing traditional SIM cards with NFC-enabled SIM cards which is expected to increase scope of card-based payments.

Meanwhile, an increase in household debt has prompted the South Korean government to introduce measures to discourage credit card spending. The government reduced the amount of tax deducted from credit card transactions and increased the level of tax deducted from debit and prepaid card expenditure.

This report provides a comprehensive analysis of South Korea's cards and payments industry.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/time259342-emerging-opportunities-south-koreas-cards-payments.html

Emerging Opportunities in Indonesia's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape

The Indonesian cards and payments industry grew at a CAGR of 19.3% during the review period from $84.6 billion in 2008 to $188.6 billion in 2012 and is anticipated to grow at a CAGR of 10.7% over the forecast period (2013-2017), from $22.6 billion in 2013 to $334.4 billion in 2017. Debit cards dominated the industry with a market share of 57.7% in 2012, followed by prepaid, credit and charge cards with respective shares of 29.4%, 12.6% and 0.4%. Banks and card issuers in Indonesia have introduced several new technologies to increase levels of consumer convenience. Indonesian mobile operators are also making efforts to establish the required infrastructure for near field communication (NFC) technology through which customers can make purchases via their mobile phones. Banks are migrating to Europay, MasterCard and Visa (EMV) cards in order to provide enhanced security features to customers.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/time255630-emerging-opportunities-indonesias-cards-payments.html

Emerging Opportunities in China's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape

The payment card market in China showed double digit growth both in value and volume terms during the review period. The debit card market grew at a CAGR of 17.27% during the review period in value terms. In volume terms the growth was even significant and was 47.6%. Similarly the credit card market grew at a CAGR of 34.1% in volume terms during the review period. In value terms the market grew by 60.0%. Both the debit and credit card market are expected to grow positively in value and volume terms during the forecast period. A notable tendency in the card market is that consumers use credit and debit cards for making high-value transactions.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/time254571-emerging-opportunities-china-cards-payments-market.html

For more market research highlights, technical research news and industry updates, please visit http://www.giiresearch.com/press/

About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.

Media Contact:

Jeremy Palaia Global Information, Inc., 1-860-674-8796, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Global Information, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
SYS-CON Events announced today that TechTarget has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organi...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...