Financial Cards and Payments in South Africa

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,100	60 Pages	Euromonitor International	November, 2023	EP18334671

Best Price Guarantee
Price	from $2,100
Length	60 Pages
Publisher	Euromonitor International
Published Date	November, 2023
SKU	EP18334671

Financial Cards and Payments in South Africa

The number of financial cards in circulation is set to continue to increase in 2023, supported by a steady rise in the banked population and the intensified competition between issuers. Meanwhile, value transactions across categories such as debit cards are expected to be driven mainly by persisting inflationary pressure, which translates into higher costs of living and, subsequently, higher prices for essential products such as food and fuel. This situation has been worsened by the inconsistent...

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, Mobile Payments, 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 2023
List Of Contents And Tables
FINANCIAL CARDS AND PAYMENTS IN SOUTH AFRICA
EXECUTIVE SUMMARY
Financial cards and payments in 2023: The big picture
Digital payment options continue to gain traction amongst tech-savvy shoppers
Rapid Payments Programme (RPP) launch in 2023
Influx of new entrants intensifies the competition amongst financial card issuers
What next for financial cards and payments?
MARKET INDICATORS: Table 1 Number of POS Terminals: Units 2018-2023; Table 2 Number of ATMs: Units 2018-2023; Table 3 Value Lost to Fraud 2018-2023; Table 4 Card Expenditure by Location 2023; Table 5 Financial Cards in Circulation by Type: % Number of Cards 2018-2023; Table 6 Domestic versus Foreign Spend 2023
MARKET DATA: Table 7 Financial Cards by Category: Number of Cards in Circulation 2018-2023; Table 8 Financial Cards by Category: Number of Accounts 2018-2023; Table 9 Financial Cards Transactions by Category: Value 2018-2023; Table 10 Financial Cards by Category: Number of Transactions 2018-2023; Table 11 Consumer Payments by Category: Value 2018-2023; Table 12 Consumer Payments by Category: Number of Transactions 2018-2023; Table 13 M-Commerce by Category: Value 2018-2023; Table 14 M-Commerce by Category: % Value Growth 2018-2023; Table 15 Financial Cards: Number of Cards by Issuer 2018-2022; Table 16 Financial Cards: Number of Cards by Operator 2018-2022; Table 17 Financial Cards: Card Payment Transactions Value by Operator 2018-2022; Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2018-2022; Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2023-2028; Table 20 Forecast Financial Cards by Category: Number of Accounts 2023-2028; Table 21 Forecast Financial Cards Transactions by Category: Value 2023-2028; Table 22 Forecast Financial Cards by Category: Number of Transactions 2023-2028; Table 23 Forecast Consumer Payments by Category: Value 2023-2028; Table 24 Forecast Consumer Payments by Category: Number of Transactions 2023-2028; Table 25 Forecast M-Commerce by Category: Value 2023-2028; Table 26 Forecast M-Commerce by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES: Summary 1 Research Sources
DEBIT CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Debit cards benefits from changes in socioeconomic conditions
Competition intensifies as new entrants gain share
Digital wallets and virtual cards increasingly replacing debit cards online
PROSPECTS AND OPPORTUNITIES
Debit cards will benefit from the increasing banked population
Digital payments will remain a threat to expansion of debit cards
Competition will intensify for debit card operators
CATEGORY DATA: Table 27 Debit Cards: Number of Cards in Circulation 2018-2023; Table 28 Debit Cards Transactions 2018-2023; Table 29 Debit Cards in Circulation: % Growth 2018-2023; Table 30 Debit Cards Transactions: % Growth 2018-2023; Table 31 Debit Cards: Number of Cards by Issuer 2018-2022; Table 32 Debit Cards: Number of Cards by Operator 2018-2022; Table 33 Debit Cards Payment Transaction Value by Issuer 2018-2022; Table 34 Debit Cards Payment Transaction Value by Operator 2018-2022; Table 35 Forecast Debit Cards: Number of Cards in Circulation 2023-2028; Table 36 Forecast Debit Cards Transactions 2023-2028; Table 37 Forecast Debit Cards in Circulation: % Growth 2023-2028; Table 38 Forecast Debit Cards Transactions: % Growth 2023-2028
CREDIT CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Economic constraints drive demand for credit cards
Buy now pay later (BNPL) attracts price-sensitive shoppers
Credit card fraud remains a concern, as fraudulent transactions continue to rise
PROSPECTS AND OPPORTUNITIES
Demand for credit cards will stabilise during the forecast period
Buy now pay later (BNPL) schemes will evolve as demand rises
Fintechs might threaten the expansion of commercial credit cards
CATEGORY DATA: Table 39 Credit Cards: Number of Cards in Circulation 2018-2023; Table 40 Credit Cards Transactions 2018-2023; Table 41 Credit Cards in Circulation: % Growth 2018-2023; Table 42 Credit Cards Transactions: % Growth 2018-2023; Table 43 Commercial Credit Cards: Number of Cards in Circulation 2018-2023; Table 44 Commercial Credit Cards Transactions 2018-2023; Table 45 Commercial Credit Cards in Circulation: % Growth 2018-2023; Table 46 Commercial Credit Cards Transactions: % Growth 2018-2023; Table 47 Personal Credit Cards: Number of Cards in Circulation 2018-2023; Table 48 Personal Credit Cards Transactions 2018-2023; Table 49 Personal Credit Cards in Circulation: % Growth 2018-2023; Table 50 Personal Credit Cards Transactions: % Growth 2018-2023; Table 51 Credit Cards: Number of Cards by Issuer 2018-2022; Table 52 Credit Cards: Number of Cards by Operator 2018-2022; Table 53 Credit Cards Payment Transaction Value by Issuer 2018-2022; Table 54 Credit Cards Payment Transaction Value by Operator 2018-2022; Table 55 Commercial Credit Cards: Number of Cards by Issuer 2018-2022; Table 56 Commercial Credit Cards: Number of Cards by Operator 2018-2022; Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2018-2022; Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2018-2022; Table 59 Personal Credit Cards: Number of Cards by Issuer 2018-2022; Table 60 Personal Credit Cards: Number of Cards by Operator 2018-2022; Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2018-2022; Table 62 Personal Credit Cards Payment Transaction Value by Operator 2018-2022; Table 63 Forecast Credit Cards: Number of Cards in Circulation 2023-2028; Table 64 Forecast Credit Cards Transactions 2023-2028; Table 65 Forecast Credit Cards in Circulation: % Growth 2023-2028; Table 66 Forecast Credit Cards Transactions: % Growth 2023-2028; Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2023-2028; Table 68 Forecast Commercial Credit Cards Transactions 2023-2028; Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2023-2028; Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2023-2028; Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2023-2028; Table 72 Forecast Personal Credit Cards Transactions 2023-2028; Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2023-2028; Table 74 Forecast Personal Credit Cards Transactions: % Growth 2023-2028
CHARGE CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Charge cards posts slow and steady recovery after the lifting of restrictions
Charge cards faces intensified competition from credit cards
PROSPECTS AND OPPORTUNITIES
Charge cards will benefit from improved spending confidence
Competition likely to remain highly concentrated in charge cards
CATEGORY DATA: Table 75 Charge Cards: Number of Cards in Circulation 2018-2023; Table 76 Charge Cards Transactions 2018-2023; Table 77 Charge Cards in Circulation: % Growth 2018-2023; Table 78 Charge Cards Transactions: % Growth 2018-2023; Table 79 Commercial Charge Cards: Number of Cards in Circulation 2018-2023; Table 80 Commercial Charge Cards Transactions 2018-2023; Table 81 Commercial Charge Cards in Circulation: % Growth 2018-2023; Table 82 Commercial Charge Cards Transactions: % Growth 2018-2023; Table 83 Personal Charge Cards: Number of Cards in Circulation 2018-2023; Table 84 Personal Charge Cards Transactions 2018-2023; Table 85 Personal Charge Cards in Circulation: % Growth 2018-2023; Table 86 Personal Charge Cards Transactions: % Growth 2018-2023; Table 87 Charge Cards: Number of Cards by Issuer 2018-2022; Table 88 Charge Cards: Number of Cards by Operator 2018-2022; Table 89 Charge Cards Payment Transaction Value by Issuer 2018-2022; Table 90 Charge Cards Payment Transaction Value by Operator 2018-2022; Table 91 Commercial Charge Cards: Number of Cards by Issuer 2018-2022; Table 92 Commercial Charge Cards: Number of Cards by Operator 2018-2022; Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2018-2022; Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2018-2022; Table 95 Personal Charge Cards: Number of Cards by Issuer 2018-2022; Table 96 Personal Charge Cards: Number of Cards by Operator 2018-2022; Table 97 Personal Charge Cards Transaction Value by Issuer 2018-2022; Table 98 Personal Charge Cards Transaction Value by Operator 2018-2022; Table 99 Forecast Charge Cards: Number of Cards in Circulation 2023-2028; Table 100 Forecast Charge Cards Transactions 2023-2028; Table 101 Forecast Charge Cards in Circulation: % Growth 2023-2028; Table 102 Forecast Charge Cards Transactions: % Growth 2023-2028; Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2023-2028; Table 104 Forecast Commercial Charge Cards Transactions 2023-2028; Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2023-2028; Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2023-2028; Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2023-2028; Table 108 Forecast Personal Charge Cards Transactions 2023-2028; Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2023-2028; Table 110 Forecast Personal Charge Cards Transactions: % Growth 2023-2028
PRE-PAID CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Closed loop pre-paid cards benefits from increased mobility
Social grants continue to drive demand for open loop pre-paid cards
Parking card operators embrace digital innovation
PROSPECTS AND OPPORTUNITIES
Investment in public transport set to boost demand for transportation cards
The future role of the South African Post Office is uncertain
Proposed NHI bill set to reshape the healthcare payment system
CATEGORY DATA: Table 111 Pre-paid Cards: Number of Cards in Circulation 2018-2023; Table 112 Pre-paid Cards Transactions 2018-2023; Table 113 Pre-paid Cards in Circulation: % Growth 2018-2023; Table 114 Pre-paid Cards Transactions: % Growth 2018-2023; Table 115 Closed Loop Pre-paid Cards Transactions 2018-2023; Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023; Table 117 Open Loop Pre-paid Cards Transactions 2018-2023; Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2018-2023; Table 119 Pre-paid Cards: Number of Cards by Issuer 2018-2022; Table 120 Pre-paid Cards: Number of Cards by Operator 2018-2022; Table 121 Pre-paid Cards Transaction Value by Issuer 2018-2022; Table 122 Pre-paid Cards Transaction Value by Operator 2018-2022; Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2018-2022; Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2018-2022; Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2018-2022; Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2018-2022; Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2018-2022; Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2018-2022; Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2018-2022; Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2018-2022; Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2023-2028; Table 132 Forecast Pre-paid Cards Transactions 2023-2028; Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2023-2028; Table 134 Forecast Pre-paid Cards Transactions: % Growth 2023-2028; Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2023-2028; Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2023-2028; Table 137 Forecast Open Loop Pre-paid Cards Transactions 2023-2028; Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2023-2028
STORE CARDS IN SOUTH AFRICA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Cash-strapped shoppers turn to store cards to keep up with the rising cost of living
More retailers embrace the flexibility of BNPL options
The Foschini Group benefits from diversified offerings
PROSPECTS AND OPPORTUNITIES
New store accounts to be boosted by improved economic conditions
BNPL will continue gaining momentum
Retailers likely to expand credit offerings beyond store cards
CATEGORY DATA: Table 139 Store Cards: Number of Cards in Circulation 2018-2023; Table 140 Store Cards Transactions 2018-2023; Table 141 Store Cards in Circulation: % Growth 2018-2023; Table 142 Store Cards Transactions: % Growth 2018-2023; Table 143 Store Cards: Number of Cards by Issuer 2018-2022; Table 144 Store Cards: Payment Transaction Value by Issuer 2018-2022; Table 145 Forecast Store Cards: Number of Cards in Circulation 2023-2028; Table 146 Forecast Store Cards Transactions 2023-2028; Table 147 Forecast Store Cards in Circulation: % Growth 2023-2028; Table 148 Forecast Store Cards Transactions: % Growth 2023-2028