Financial Cards and Payments in the Philippines

Description

The financial cards and payments landscape in the Philippines is undergoing a major shift, driven by the impact of COVID-19 lockdowns which remains strong as the country tentatively enters a post-pandemic era. Filipinos continue to migrate to a more digital landscape. Even though mobility restrictions have eased over 2021 and 2022, digital transactions are still increasingly popular as consumers remain keen to take advantage of benefits such as convenience, no need to queue, no need for cash wit...

Euromonitor International's Financial Cards and Payments in Philippines report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Financial Cards and Payments market;
Pinpoint growth sectors and identify factors driving change;
Understand the competitive environment, the market's major players and leading brands;
Use five-year forecasts to assess how the market is predicted to develop.

Product Code: FCPH

List Of Contents And Tables

EXECUTIVE SUMMARY

Financial cards and payments in 2022: The big picture
2022 key trends
Welcome entrance of digital banks
Players invest in improving infrastructure
What next for financial cards and payments?

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2017-2022
Table 2 Number of ATMs: Units 2017-2022
Table 3 Value Lost to Fraud 2017-2022
Table 4 Card Expenditure by Location 2022
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2017-2022
Table 6 Domestic versus Foreign Spend 2022

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 8 Financial Cards by Category: Number of Accounts 2017-2022
Table 9 Financial Cards Transactions by Category: Value 2017-2022
Table 10 Financial Cards by Category: Number of Transactions 2017-2022
Table 11 Consumer Payments by Category: Value 2017-2022
Table 12 Consumer Payments by Category: Number of Transactions 2017-2022
Table 13 M-Commerce by Category: Value 2017-2022
Table 14 M-Commerce by Category: % Value Growth 2017-2022
Table 15 Financial Cards: Number of Cards by Issuer 2017-2021
Table 16 Financial Cards: Number of Cards by Operator 2017-2021
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2017-2021
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2017-2021
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2022-2027
Table 20 Forecast Financial Cards by Category: Number of Accounts 2022-2027
Table 21 Forecast Financial Cards Transactions by Category: Value 2022-2027
Table 22 Forecast Financial Cards by Category: Number of Transactions 2022-2027
Table 23 Forecast Consumer Payments by Category: Value 2022-2027
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2022-2027
Table 25 Forecast M-Commerce by Category: Value 2022-2027
Table 26 Forecast M-Commerce by Category: % Value Growth 2022-2027

DISCLAIMER

SOURCES

Summary 1 Research Sources

DEBIT CARDS IN THE PHILIPPINES

KEY DATA FINDINGS

2022 DEVELOPMENTS

Debit cards continues to benefit from rising awareness of digital transactions
Central Bank pushes for BDAs
BPI and BDO maintain leadership

PROSPECTS AND OPPORTUNITIES

Financial education still lacking, and security still primary concern
Sustainability trend to grow
Cash-lite goal will drive development

CATEGORY DATA

Table 27 Debit Cards: Number of Cards in Circulation 2017-2022
Table 28 Debit Cards Transactions 2017-2022
Table 29 Debit Cards in Circulation: % Growth 2017-2022
Table 30 Debit Cards Transactions: % Growth 2017-2022
Table 31 Debit Cards: Number of Cards by Issuer 2017-2021
Table 32 Debit Cards: Number of Cards by Operator 2017-2021
Table 33 Debit Cards Payment Transaction Value by Issuer 2017-2021
Table 34 Debit Cards Payment Transaction Value by Operator 2017-2021
Table 35 Forecast Debit Cards: Number of Cards in Circulation 2022-2027
Table 36 Forecast Debit Cards Transactions 2022-2027
Table 37 Forecast Debit Cards in Circulation: % Growth 2022-2027
Table 38 Forecast Debit Cards Transactions: % Growth 2022-2027

CHARGE CARDS IN THE PHILIPPINES

KEY DATA FINDINGS

2022 DEVELOPMENTS

Charge cards remains niche in the Philippines in 2022
BDO is still the sole issuer of charge card under American Express
Shop Small comes to the Philippines

PROSPECTS AND OPPORTUNITIES

Charge cards to see no real changes over the forecast period

CATEGORY DATA

Table 39 Charge Cards: Number of Cards in Circulation 2017-2022
Table 40 Charge Cards Transactions 2017-2022
Table 41 Charge Cards in Circulation: % Growth 2017-2022
Table 42 Charge Cards Transactions: % Growth 2017-2022
Table 43 Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 44 Commercial Charge Cards Transactions 2017-2022
Table 45 Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 46 Commercial Charge Cards Transactions: % Growth 2017-2022
Table 47 Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 48 Personal Charge Cards Transactions 2017-2022
Table 49 Personal Charge Cards in Circulation: % Growth 2017-2022
Table 50 Personal Charge Cards Transactions: % Growth 2017-2022
Table 51 Charge Cards: Number of Cards by Issuer 2017-2021
Table 52 Charge Cards: Number of Cards by Operator 2017-2021
Table 53 Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 54 Charge Cards Payment Transaction Value by Operator 2017-2021
Table 55 Commercial Charge Cards: Number of Cards by Issuer 2017-2021
Table 56 Commercial Charge Cards: Number of Cards by Operator 2017-2021
Table 57 Commercial Charge Cards Payment Transaction Value by Issuer 2017-2021
Table 58 Commercial Charge Cards Payment Transaction Value by Operator 2017-2021
Table 59 Personal Charge Cards: Number of Cards by Issuer 2017-2021
Table 60 Personal Charge Cards: Number of Cards by Operator 2017-2021
Table 61 Personal Charge Cards Transaction Value by Issuer 2017-2021
Table 62 Personal Charge Cards Transaction Value by Operator 2017-2021
Table 63 Forecast Charge Cards: Number of Cards in Circulation 2022-2027
Table 64 Forecast Charge Cards Transactions 2022-2027
Table 65 Forecast Charge Cards in Circulation: % Growth 2022-2027
Table 66 Forecast Charge Cards Transactions: % Growth 2022-2027
Table 67 Forecast Commercial Charge Cards: Number of Cards in Circulation 2022-2027
Table 68 Forecast Commercial Charge Cards Transactions 2022-2027
Table 69 Forecast Commercial Charge Cards in Circulation: % Growth 2022-2027
Table 70 Forecast Commercial Charge Cards Transactions: % Growth 2022-2027
Table 71 Forecast Personal Charge Cards: Number of Cards in Circulation 2022-2027
Table 72 Forecast Personal Charge Cards Transactions 2022-2027
Table 73 Forecast Personal Charge Cards in Circulation: % Growth 2022-2027
Table 74 Forecast Personal Charge Cards Transactions: % Growth 2022-2027

PRE-PAID CARDS IN THE PHILIPPINES

KEY DATA FINDINGS

2022 DEVELOPMENTS

Number of cards boosted by growth in mobile wallets and their attached pre-paid cards
Stored value and e-transactions preferred over attached pre-paid cards in mobile wallets
AF derives strength from Beep card

PROSPECTS AND OPPORTUNITIES

Struggle anticipated for bank-issued pre-paid cards
Relevance of pre-paid cards sustained by government initiatives
Mobile wallets to driver growth in users, but e-transactions and stored value to drive transaction volume and value

CATEGORY DATA

Table 75 Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 76 Pre-paid Cards Transactions 2017-2022
Table 77 Pre-paid Cards in Circulation: % Growth 2017-2022
Table 78 Pre-paid Cards Transactions: % Growth 2017-2022
Table 79 Closed Loop Pre-paid Cards Transactions 2017-2022
Table 80 Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 81 Open Loop Pre-paid Cards Transactions 2017-2022
Table 82 Open Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 83 Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 84 Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 85 Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 86 Pre-paid Cards Transaction Value by Operator 2017-2021
Table 87 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 88 Closed Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 89 Closed Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 90 Closed Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 91 Open Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021
Table 92 Open Loop Pre-paid Cards: Number of Cards by Operator 2017-2021
Table 93 Open Loop Pre-paid Cards Transaction Value by Issuer 2017-2021
Table 94 Open Loop Pre-paid Cards Transaction Value by Operator 2017-2021
Table 95 Forecast Pre-paid Cards: Number of Cards in Circulation 2022-2027
Table 96 Forecast Pre-paid Cards Transactions 2022-2027
Table 97 Forecast Pre-paid Cards in Circulation: % Growth 2022-2027
Table 98 Forecast Pre-paid Cards Transactions: % Growth 2022-2027
Table 99 Forecast Closed Loop Pre-paid Cards Transactions 2022-2027
Table 100 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2022-2027
Table 101 Forecast Open Loop Pre-paid Cards Transactions 2022-2027
Table 102 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2022-2027

STORE CARDS IN THE PHILIPPINES

2022 DEVELOPMENTS

Store cards lacks presence in the Philippines

CREDIT CARDS IN THE PHILIPPINES

KEY DATA FINDINGS

2022 DEVELOPMENTS

Recovery continues with faster rises in 2022
Major players adapt to post-pandemic environment with focus on key growth areas
Credit card fraud is on the rise

PROSPECTS AND OPPORTUNITIES

Credit card to face ongoing challenges over the forecast period
Partnerships with digital players offer growth potential
Growth to remain positive, supported by reopening of travel and foodservice

CATEGORY DATA

Table 103 Credit Cards: Number of Cards in Circulation 2017-2022
Table 104 Credit Cards Transactions 2017-2022
Table 105 Credit Cards in Circulation: % Growth 2017-2022
Table 106 Credit Cards Transactions: % Growth 2017-2022
Table 107 Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 108 Commercial Credit Cards Transactions 2017-2022
Table 109 Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 110 Commercial Credit Cards Transactions: % Growth 2017-2022
Table 111 Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 112 Personal Credit Cards Transactions 2017-2022
Table 113 Personal Credit Cards in Circulation: % Growth 2017-2022
Table 114 Personal Credit Cards Transactions: % Growth 2017-2022
Table 115 Credit Cards: Number of Cards by Issuer 2017-2021
Table 116 Credit Cards: Number of Cards by Operator 2017-2021
Table 117 Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 118 Credit Cards Payment Transaction Value by Operator 2017-2021
Table 119 Commercial Credit Cards: Number of Cards by Issuer 2017-2021
Table 120 Commercial Credit Cards: Number of Cards by Operator 2017-2021
Table 121 Commercial Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 122 Commercial Credit Cards Payment Transaction Value by Operator 2017-2021
Table 123 Personal Credit Cards: Number of Cards by Issuer 2017-2021
Table 124 Personal Credit Cards: Number of Cards by Operator 2017-2021
Table 125 Personal Credit Cards Payment Transaction Value by Issuer 2017-2021
Table 126 Personal Credit Cards Payment Transaction Value by Operator 2017-2021
Table 127 Forecast Credit Cards: Number of Cards in Circulation 2022-2027
Table 128 Forecast Credit Cards Transactions 2022-2027
Table 129 Forecast Credit Cards in Circulation: % Growth 2022-2027
Table 130 Forecast Credit Cards Transactions: % Growth 2022-2027
Table 131 Forecast Commercial Credit Cards: Number of Cards in Circulation 2022-2027
Table 132 Forecast Commercial Credit Cards Transactions 2022-2027
Table 133 Forecast Commercial Credit Cards in Circulation: % Growth 2022-2027
Table 134 Forecast Commercial Credit Cards Transactions: % Growth 2022-2027
Table 135 Forecast Personal Credit Cards: Number of Cards in Circulation 2022-2027
Table 136 Forecast Personal Credit Cards Transactions 2022-2027
Table 137 Forecast Personal Credit Cards in Circulation: % Growth 2022-2027
Table 138 Forecast Personal Credit Cards Transactions: % Growth 2022-2027

Financial Cards and Payments in the Philippines

Description

Table of Contents

Why buy this report?

TABLE OF CONTENTS

EXECUTIVE SUMMARY

MARKET INDICATORS

MARKET DATA

DISCLAIMER

SOURCES

DEBIT CARDS IN THE PHILIPPINES

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

CHARGE CARDS IN THE PHILIPPINES

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

PRE-PAID CARDS IN THE PHILIPPINES

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

STORE CARDS IN THE PHILIPPINES

2022 DEVELOPMENTS

CREDIT CARDS IN THE PHILIPPINES

KEY DATA FINDINGS

2022 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA