Financial Cards and Payments in South Africa

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,100	61 Pages	Euromonitor International	November, 2022	EP17549806

Attention: There is an updated edition available for this report.

Best Price Guarantee
Price	from $2,100
Length	61 Pages
Publisher	Euromonitor International
Published Date	November, 2022
SKU	EP17549806

Financial Cards and Payments in South Africa

The number of financial cards in circulation is growing in 2022, as the South African economy fully reopens following the removal of all lockdown restrictions in June. Credit card spending is posting buoyant growth, supported by strong consumer demand in the face of rising inflation, driven by the war in Ukraine. In fact, many consumers are turning to credit simply to make ends meet. Furthermore, while debit card transactions are being driven by improving labour market conditions and economic re...

Euromonitor International's Financial Cards and Payments in South Africa 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.

Financial Cards and Payments in South Africa
Euromonitor International
November 2022
List Of Contents And Tables
FINANCIAL CARDS AND PAYMENTS IN SOUTH AFRICA
EXECUTIVE SUMMARY
Financial cards and payments in 2022: The big picture
Demand for contactless payment solutions continues to rise, accelerated by pandemic
Rapid Payments Programme expected to launch in 2023
Competition intensifies, as digital banks continue to expand customer base, while strategic partnerships remain key
Financial cards and payments set to be driven by digitalisation and the decline of cash transactions, while load shedding is set to constrain retail sales
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 SOUTH AFRICA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Improving performance for debit cards in line with economic recovery and influx of new entrants
Consumers continue to adopt alternative forms of payment, boosted by pandemic
Capitec gains share, as it focuses strategy on digitalisation
PROSPECTS AND OPPORTUNITIES
Debit cards set to be boosted by improving economic conditions
Digital banks, modern technology and innovative strategies expected to continue to disrupt banking landscape
Competition to intensify among debit card operators, as SARB proposes a domestic card scheme
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
CREDIT CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Households turn to credit cards for daily expenditure, driven by inflation and weak economic growth
Competition mounts in the credit card space, as TymeBank launches credit card in response to consumer demand
Criminal syndicates target online credit card transactions
PROSPECTS AND OPPORTUNITIES
Economic growth and improved purchasing power set to stimulate credit cards
Commercial credit cards expected to face increasing competition
Virtual credit cards to maintain growth trajectory, fuelled by online shopping and digital wallets
CATEGORY DATA: Table 39 Credit Cards: Number of Cards in Circulation 2017-2022; Table 40 Credit Cards Transactions 2017-2022; Table 41 Credit Cards in Circulation: % Growth 2017-2022; Table 42 Credit Cards Transactions: % Growth 2017-2022; Table 43 Commercial Credit Cards: Number of Cards in Circulation 2017-2022; Table 44 Commercial Credit Cards Transactions 2017-2022; Table 45 Commercial Credit Cards in Circulation: % Growth 2017-2022; Table 46 Commercial Credit Cards Transactions: % Growth 2017-2022; Table 47 Personal Credit Cards: Number of Cards in Circulation 2017-2022; Table 48 Personal Credit Cards Transactions 2017-2022; Table 49 Personal Credit Cards in Circulation: % Growth 2017-2022; Table 50 Personal Credit Cards Transactions: % Growth 2017-2022; Table 51 Credit Cards: Number of Cards by Issuer 2017-2021; Table 52 Credit Cards: Number of Cards by Operator 2017-2021; Table 53 Credit Cards Payment Transaction Value by Issuer 2017-2021; Table 54 Credit Cards Payment Transaction Value by Operator 2017-2021; Table 55 Commercial Credit Cards: Number of Cards by Issuer 2017-2021; Table 56 Commercial Credit Cards: Number of Cards by Operator 2017-2021; Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2017-2021; Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2017-2021; Table 59 Personal Credit Cards: Number of Cards by Issuer 2017-2021; Table 60 Personal Credit Cards: Number of Cards by Operator 2017-2021; Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2017-2021; Table 62 Personal Credit Cards Payment Transaction Value by Operator 2017-2021; Table 63 Forecast Credit Cards: Number of Cards in Circulation 2022-2027; Table 64 Forecast Credit Cards Transactions 2022-2027; Table 65 Forecast Credit Cards in Circulation: % Growth 2022-2027; Table 66 Forecast Credit Cards Transactions: % Growth 2022-2027; Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2022-2027; Table 68 Forecast Commercial Credit Cards Transactions 2022-2027; Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2022-2027; Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2022-2027; Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2022-2027; Table 72 Forecast Personal Credit Cards Transactions 2022-2027; Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2022-2027; Table 74 Forecast Personal Credit Cards Transactions: % Growth 2022-2027
CHARGE CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Repeal of all lockdown restrictions boosts charge cards in 2021 and 2022
Full resumption of local and international travel facilitates rebound in charge cards
Leading operators adopt contactless payments
PROSPECTS AND OPPORTUNITIES
Charge cards set to benefit from greater merchant acceptance, while post-pandemic era will boost travel and tourism
Operators set to engage with younger generations, expanding customer base and harnessing growth opportunities
Competitive landscape to remain consolidated between local operators Diners Club and American Express
CATEGORY DATA: Table 75 Charge Cards: Number of Cards in Circulation 2017-2022; Table 76 Charge Cards Transactions 2017-2022; Table 77 Charge Cards in Circulation: % Growth 2017-2022; Table 78 Charge Cards Transactions: % Growth 2017-2022; Table 79 Commercial Charge Cards: Number of Cards in Circulation 2017-2022; Table 80 Commercial Charge Cards Transactions 2017-2022; Table 81 Commercial Charge Cards in Circulation: % Growth 2017-2022; Table 82 Commercial Charge Cards Transactions: % Growth 2017-2022; Table 83 Personal Charge Cards: Number of Cards in Circulation 2017-2022; Table 84 Personal Charge Cards Transactions 2017-2022; Table 85 Personal Charge Cards in Circulation: % Growth 2017-2022; Table 86 Personal Charge Cards Transactions: % Growth 2017-2022; Table 87 Charge Cards: Number of Cards by Issuer 2017-2021; Table 88 Charge Cards: Number of Cards by Operator 2017-2021; Table 89 Charge Cards Payment Transaction Value by Issuer 2017-2021; Table 90 Charge Cards Payment Transaction Value by Operator 2017-2021; Table 91 Commercial Charge Cards: Number of Cards by Issuer 2017-2021; Table 92 Commercial Charge Cards: Number of Cards by Operator 2017-2021; Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2017-2021; Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2017-2021; Table 95 Personal Charge Cards: Number of Cards by Issuer 2017-2021; Table 96 Personal Charge Cards: Number of Cards by Operator 2017-2021; Table 97 Personal Charge Cards Transaction Value by Issuer 2017-2021; Table 98 Personal Charge Cards Transaction Value by Operator 2017-2021; Table 99 Forecast Charge Cards: Number of Cards in Circulation 2022-2027; Table 100 Forecast Charge Cards Transactions 2022-2027; Table 101 Forecast Charge Cards in Circulation: % Growth 2022-2027; Table 102 Forecast Charge Cards Transactions: % Growth 2022-2027; Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2022-2027; Table 104 Forecast Commercial Charge Cards Transactions 2022-2027; Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2022-2027; Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2022-2027; Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2022-2027; Table 108 Forecast Personal Charge Cards Transactions 2022-2027; Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2022-2027; Table 110 Forecast Personal Charge Cards Transactions: % Growth 2022-2027
PRE-PAID CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Pre-paid cards transaction value recovers to pre-pandemic levels, driven by public transport and social grant payments
SAPO, issuer of social grants, continues to lead pre-paid cards in South Africa
Mastercard maintains focus on accelerating strategic partnerships with fintech companies
PROSPECTS AND OPPORTUNITIES
Rapid Payments Programme expected to transform the grant payment system
Greater investment in route expansion and innovation will likely attract new users to public transportation
Digitalisation will drive innovation within pre-paid cards
CATEGORY DATA: Table 111 Pre-paid Cards: Number of Cards in Circulation 2017-2022; Table 112 Pre-paid Cards Transactions 2017-2022; Table 113 Pre-paid Cards in Circulation: % Growth 2017-2022; Table 114 Pre-paid Cards Transactions: % Growth 2017-2022; Table 115 Closed Loop Pre-paid Cards Transactions 2017-2022; Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022; Table 117 Open Loop Pre-paid Cards Transactions 2017-2022; Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2017-2022; Table 119 Pre-paid Cards: Number of Cards by Issuer 2017-2021; Table 120 Pre-paid Cards: Number of Cards by Operator 2017-2021; Table 121 Pre-paid Cards Transaction Value by Issuer 2017-2021; Table 122 Pre-paid Cards Transaction Value by Operator 2017-2021; Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021; Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2017-2021; Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2017-2021; Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2017-2021; Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2017-2021; Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2017-2021; Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2017-2021; Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2017-2021; Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2022-2027; Table 132 Forecast Pre-paid Cards Transactions 2022-2027; Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2022-2027; Table 134 Forecast Pre-paid Cards Transactions: % Growth 2022-2027; Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2022-2027; Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2022-2027; Table 137 Forecast Open Loop Pre-paid Cards Transactions 2022-2027; Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2022-2027
STORE CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Store card transactions continue to rebound, in line with economic recovery, while interest rates rise
Retailers target strategic partnerships, while embracing e-commerce and click-and-collect
BNPL continues to gain momentum, allowing consumers to manage spending
PROSPECTS AND OPPORTUNITIES
Improving financial health of consumers to support recovery of store card transaction value, while risk of inflation looms
Acquisitions of Payflex and PayJustNow signal future growth of BNPL services
Strategic partnerships will drive demand for BNPL services, while e-commerce presents growth potential for retailers
CATEGORY DATA: Table 139 Store Cards: Number of Cards in Circulation 2017-2022; Table 140 Store Cards Transactions 2017-2022; Table 141 Store Cards in Circulation: % Growth 2017-2022; Table 142 Store Cards Transactions: % Growth 2017-2022; Table 143 Store Cards: Number of Cards by Issuer 2017-2021; Table 144 Store Cards: Payment Transaction Value by Issuer 2017-2021; Table 145 Forecast Store Cards: Number of Cards in Circulation 2022-2027; Table 146 Forecast Store Cards Transactions 2022-2027; Table 147 Forecast Store Cards in Circulation: % Growth 2022-2027; Table 148 Forecast Store Cards Transactions: % Growth 2022-2027