Bahrains Cards and Payments Industry: Global Market emerging Trends, Size, Drivers, Strategies and Competitive Landscape

on Friday, 13 March 2015 include new market research report " Bahrains Cards and Payments Industry: Global Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Bahrain has a diversified economy with well-developed infrastructural facilities, and is home to large number of multinational companies in the Middle-East and North Africa (MENA). The government has encouraged investment in the financial service and tourism sectors as part of its economic diversification plans, with special emphasis on Islamic banking. The country has the region’s highest density of Islamic financial institutions, including 24 dedicated banks.

Credit transfers and check payments were the preferred payment instruments, having a combined industry share of 99.4% in 2013 in terms of transaction value. The share of payment cards increased from 0.4% in 2009 to 0.6% in 2013, as the government and banks are taking initiatives to increase benefits and awareness levels among consumers and merchants.

In terms of the number of cards in circulation, Bahrain’s payment cards – including debit and credit cards – registered positive growth during the review period, recording a compound annual growth rate (CAGR) of 5.49%, increasing from 830,360 cards in 2009 to 1.0 million in 2013. In terms of transaction value, payment cards reached BHD1.1 billion (US$3 billion) in 2013, after registering a CAGR of 17.37%. Similarly in terms of transaction volume, payment cards registered a CAGR of 17.69%, reaching 16.1 million in 2013.

The average transaction value (ATV) in Bahrain was US$185.3 in 2013, which was higher than Saudi Arabia with US$131.3, but lower than other peer countries such as Kuwait, Oman and the UAE. Kuwait recorded the highest ATV with US$319.6, followed by the UAE with US$263.1 and Oman with US$207.4.

  • This report provides a comprehensive analysis of Bahrain's cards and payments industry.
  • It provides current values for Bahrain's cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting Bahrain's cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details the marketing strategies used by various banks and other institutions.
  • It profiles the major banks in Bahrain's cards and payments industry.
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Reasons to buy:-
  • Make strategic business decisions using top-level historic and forecast market data related to Bahrain's cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities within Bahrain's cards and payments industry.
  • Assess the competitive dynamics in Bahrain's cards and payments industry.
  • Gain insights in to the marketing strategies used for selling various card types in Bahrain.
  • Gain insights into key regulations governing Bahrain's cards and payments industry.

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