Recently Viewed
empty-cart

There are no Recent Items

Close
Login/Register

Close
Single User License Price USD 2750
Single User License Price INR 192500
Corporate User License Price USD 8250
Corporate User License Price INR 577500
Site License Price USD 5500
Site License Price INR 385000
Request a Quote

Report Title

The Cards and Payments Industry in Colombia: Emerging Trends and Opportunities to 2020

Quote Request for License Type
License Type Price  
Single User License USD 2750
Site License USD 5500
Enterprise Wide License USD 8250
"Thanks for submitting the form. Our marketing team will connect back to you for the budget constraint."
Close
REQUEST A CUSTOMIZED RESEARCH

Report Title

The Cards and Payments Industry in Colombia: Emerging Trends and Opportunities to 2020


Quote Request for License Type
License Type Price  
Single User License USD 2750
"Thanks for letting us know your requirement. Our research team will connect back to you for the bespoke requirement."
Close
REQUEST FOR SAMPLE REPORT

Report Title

The Cards and Payments Industry in Colombia: Emerging Trends and Opportunities to 2020

"Thanks for submitting the form. The concerned team will send the sample report in the next 12 hours."
"Thank you for downloading the sample report."
Close

The Cards and Payments Industry in Colombia: Emerging Trends and Opportunities to 2020



Executive Summary

The Cards and Payments Industry in Colombia: Emerging Trends and Opportunities to 2020

Summary

GlobalData's "The Cards and Payments Industry in Colombia: Emerging Trends and Opportunities to 2020", report provides detailed analysis of market trends in the Colombian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including direct debits, check payments, payment cards and cash transactions during the review period (2012-2016).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016-2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

To widen the scope of contactless payments in Colombia, Mastercard collaborated with Bancolombia and transport operators-including Recaudo Bogota, Metro de Medellin and SmartTaxi-in February 2015, to allow cardholders to access public transportation on these networks using their cards. This collaboration enables Colombians to make contactless payment for transportation fare directly with their Bancolombia Mastercard at Integrated Public Transit Systems (SITP) in places like Bogota, Mio in Cali, TransMetro in Barranquilla and the Medellin Metro.

Alternative payments are gradually gaining prominence in Colombia, with banks and payment solution providers launching services. The latest of these is the launch of the BBVA Wallet by BBVA Colombia in September 2016. Similarly, Group Aval and Bancolombia launched their Aval Pay and Bancolombia wallet respectively in September 2015. Similarly, the Colombia-based payment solution provider Paymenetz launched its mobile app, Plazez, in association with Mastercard in July 2015.

To enhance the card acceptance from foreign tourists in Colombia, payment service providers are offering personalized payment solutions. RBM Redeban, Colombia's leading electronic payment processing company, and Planet Payment, a provider of international and multi-currency payment processing services, entered into an agreement in July 2016 to establish a dynamic currency conversion service named Pay in Your Currency. Pay in Your Currency provides international customers with the choice to pay in their local currency. Customers are given the convenience of selecting on their receipt whether they prefer to pay in Colombian pesos or their own, while the merchant continues to receive settlements in pesos.

This report also provides top-level market analysis, information and insights into the Colombian cards and payments industry, including -

Current and forecast values for each market in the Colombian cards and payments industry, including debit and credit cards.

Detailed insights into payment instruments including direct debit, cash transactions, checks and payment cards. It also, includes an overview of the country's key alternative payment instruments.

E-commerce market analysis and payment methods.

Analysis of various market drivers and regulations governing the Colombian cards and payments industry.

Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Comprehensive analysis of consumer attitudes and buying preferences for cards.

The competitive landscape in the Colombian cards and payments industry.

Scope

This report provides a comprehensive analysis of the Colombian cards and payments industry.

It provides current values for the Colombian cards and payments industry for 2016, and forecast figures to 2020.

It details the different demographic, economic, infrastructural and business drivers affecting the Colombian cards and payments industry.

It outlines the current regulatory framework in the industry.

It details marketing strategies used by various banks and other institutions.

Reasons to buy

Make strategic business decisions, using top-level historic and forecast market data, related to the Colombian cards and payments industry and each market within it.

Understand the key market trends and growth opportunities in the Colombian cards and payments industry.

Assess the competitive dynamics in the Colombian cards and payments industry.

Gain insights into marketing strategies used for various card types in Colombia.

Gain insights into key regulations governing the Colombian cards and payments industry.

Table of Contents

EXECUTIVE SUMMARY 2

1.1. Market overview 2

1.2. Key facts 3

1.3. Top five industry events 4

2. PAYMENT INSTRUMENTS 10

2.1. Current payment environment 10

3. E-COMMERCE AND ALTERNATIVE PAYMENTS 12

3.1. E-Commerce market analysis 12

3.2. Alternative payment solutions 14

3.2.1. BBVA Wallet 14

3.2.2. Aval Pay 14

3.2.3. Bancolombia wallet 14

3.2.4. Plazez 14

3.2.5. Visa Checkout 15

4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY 16

4.1. Regulatory framework 16

4.1.1. Regulation governing electronic payments 16

4.2. Anti-money laundering 17

4.3. Foreign direct investment regulations 17

5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS 18

6. PAYMENT CARDS 21

7. DEBIT CARDS 23

7.1. Debit cards market analysis 23

7.2. Competition in the debit cards market 25

7.3. Debit cards comparison 27

8. PAY LATER CARDS 28

8.1. Pay later cards market analysis 28

8.2. Competition in the pay later cards market 30

8.3. Pay later cards comparison 32

9. PREPAID CARDS 33

10. APPENDIX 35

10.1. Abbreviations and acronyms 35

10.2. Supplementary data 36

10.3. Definitions 44

10.4. Common payment card features 45

10.5. Methodology 46

10.6. Bibliography 48

10.7. Further reading 48

To know more information on Purchase by Section, please send a mail to sales@kenresearch.com

List of Figures

Figure 1: Colombia, Payment Instrument Shares by Transaction Value (%), 2012 vs 2016 10

Figure 2: Colombia, Payment Instrument Shares by Transaction Volume (%), 2012 vs 2016 11

Figure 3: Colombia, E-Commerce Value 12

Figure 4: Colombia, Population and Economic Indicators 18

Figure 5: Colombia, ATMs, POS Terminals and Household Consumption 19

Figure 6: Colombia, Payment Cards Transaction Value and Cards in Circulation, 2012-2020 21

Figure 7: Colombia, Debit Card Penetration and Turnover Per Card 23

Figure 8: Colombia, Debit Cards Scheme and Issuer Transaction Value Share, 2016 25

Figure 9: Colombia, Pay Later Card Penetration and Turnover Per Card 28

Figure 10: Colombia, Pay Later Cards Scheme and Issuer Transaction Value Share, 2016 30

Figure 11: Colombia, Prepaid Cards in Circulation and Transaction Value, 2012-2020 33

List of Tables

Table 1: Colombia, Key Facts, 2016 3

Table 2: Colombia, Regional Benchmarking of Payment Cards, 2016 3

Table 3: Colombia, Mode of Entry of Foreign Banks 17

Table 4: Colombia, Debit Cards Comparison and Key Features, 2017 27

Table 5: Colombia, Gold Credit Cards Comparison and Key Features, 2017 32

Table 6: Colombia, Premium Credit Cards Comparison and Key Features, 2017 32

Table 7: Colombia, Payment Instrument Transaction Values (COP Trillion), 2012-2016 36

Table 8: Colombia, Payment Instrument Transaction Values (US$ Billion), 2012-2016 36

Table 9: Colombia, Payment Instrument Transaction Volumes (Million), 2012-2016 36

Table 10: Colombia, Payment Cards in Circulation by Type (Million), 2012-2020 36

Table 11: Colombia, Volume of Payment Card Transactions (Million), 2012-2020 37

Table 12: Colombia, Value of Payment Card Transactions (COP Trillion), 2012-2020 37

Table 13: Colombia, Value of Payment Card Transactions (US$ Billion), 2012-2020 37

Table 14: Colombia, Debit Cards in Circulation (Million), 2012-2020 37

Table 15: Colombia, Debit Card Transaction Volumes, 2012-2020 38

Table 16: Colombia, Debit Card Transaction Values (COP), 2012-2020 38

Table 17: Colombia, Debit Card Transaction Values (US$), 2012-2020 38

Table 18: Colombia, Debit Cards in Circulation by Scheme (Million), 2012-2016 39

Table 19: Colombia, Debit Card Transaction Values by Scheme (COP Trillion), 2012-2016 39

Table 20: Colombia, Debit Card Transaction Values by Scheme (US$ Billion), 2012-2016 39

Table 21: Colombia, Debit Card Transaction Values by Issuer (COP Trillion), 2012-2016 39

Table 22: Colombia, Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016 40

Table 23: Colombia, Pay Later Cards in Circulation (Million), 2012-2020 40

Table 24: Colombia, Pay Later Card Transaction Volumes, 2012-2020 40

Table 25: Colombia, Pay Later Card Transaction Values (COP), 2012-2020 41

Table 26: Colombia, Pay Later Card Transaction Values (US$), 2012-2020 41

Table 27: Colombia, Pay Later Cards in Circulation by Scheme (Thousand), 2012-2016 41

Table 28: Colombia, Pay Later Card Transaction Values by Scheme (COP Trillion), 2012-2016 42

Table 29: Colombia, Pay Later Card Transaction Values by Scheme (US$ Billion), 2012-2016 42

Table 30: Colombia, Pay Later Card Transaction Values by Issuer (COP Trillion), 2012-2016 42

Table 31: Colombia, Pay Later Card Transaction Values by Issuer (US$ Billion), 2012-2016 43

Table 32: Colombia, Prepaid Cards in Circulation (Million), 2012-2020 43

Table 33: Colombia, Prepaid Card Transaction Values (COP Billion), 2012-2020 43

Table 34: Colombia, Prepaid Card Transaction Values (US$ Million), 2012-2020 43

Table 35: Definitions of Commonly Used Terms 44

Table 36: Common Features of Payment Cards 45

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Visa, Mastercard, American Express, Diners Club, Bancolombia, Banco Davivienda, BBVA Colombia, Banco de Bogota, Banco Caja Social, Banco Colpatria, Banco Falabella

cards and payments, Colombia, Financial cards, Debit cards, Credit cards, Charge cards, E-commerce, Alternative payments


Related Products in vertical
red-whiteline

RECENT VIEWED REPORTS



Sign up for newsletter

Close
Apply For Job

  • Applicant Name
  • Job Function
  • Total Experience
  • Skills
  • Email ID
  • Notice Period
  • Current CTC & Expected CTC
  • Phone Number
  • Validation
  • captcha  info-icon

    If validation code does not match, please refresh the page.

  • "Your resume has been successfully received. HR will connect you within 14 days in case your resume gets shortlisted."
Close
Download Company Brochure

  • Name
  • Email
  • Company Name
  • Select Country*
  • Phone Number
  • Validation
  •   info-icon

    If validation code does not match, please refresh the page.

Close
Engage With Us

  • Name
  • Designation
  • Email
  • Phone No.
  • Company Name
  • Company URL
  • Select Country*
  • Requirements/ Comments
  • Validation
  • captcha  info-icon

    If validation code does not match, please refresh the page.

  • "Thanks for submitting the form. The concerned team will respond to your query in the next 8-12 hours"
Close

Compare

Expand

person