Credit Cards Market in the Philippines to 2017: Market Brief

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					Credit Cards Market in the Philippines
to 2017: Market Brief


Reference Code: FS4304MB

Published: November 2013




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Credit Cards Market in the Philippines to 2017: Market Brief
                                                                                     Page 1
© Timetric. This product is licensed and is not to be photocopied
                                                                    Published: November 2013
TABLE OF CONTENTS

1         INTRODUCTION ...........................................................................................................5
    1.1      What is this Report About? .................................................................................................. 5
    1.2      Definitions ........................................................................................................................... 5
2         NUMBER OF CREDIT CARDS IN Philippines ............................................................6
    2.1      Credit Cards in Philippines 2008–2012 ............................................................................... 6
    2.2      Credit Cards in Philippines 2012–2017 ............................................................................... 7
3         NUMBER OF CREDIT CARD TRANSACTIONS .........................................................8
    3.1      Number of Transactions Using Credit Cards 2008–2012..................................................... 8
    3.2      Number of Transactions Using Credit Cards 2012–2017..................................................... 9
4         VALUE OF CREDIT CARD TRANSACTIONS ...........................................................10
    4.1      Value of Credit Card Transactions 2008–2012 .................................................................. 10
    4.2      Value of Credit Card Transactions 2012–2017 .................................................................. 11
5         FREQUENCY OF CREDIT CARD USAGE ................................................................12
    5.1      Frequency of Credit Card Usage 2008–2012 .................................................................... 12
    5.2      Frequency of Credit Card Usage 2012–2017 .................................................................... 13
6         AVERAGE TRANSACTION VALUE OF CREDIT CARDS ........................................14
    6.1      Average Transaction Value of Credit Cards 2008–2012 .................................................... 14
    6.2      Average Transaction Value of Credit Cards 2012–2017 .................................................... 15
7         SPENDING PER CAPITA - CREDIT CARDS .............................................................16
    7.1      Spending Per Capita - Credit Cards - 2008–2012 ............................................................. 16
    7.2      Spending Per Capita – Credit Cards - 2012–2017............................................................. 17
8         CREDIT CARDS PENETRATION ..............................................................................18
    8.1      Credit Cards Penetration in Philippines 2008–2012 .......................................................... 18
    8.2      Credit Cards Penetration in Philippines 2012–2017 .......................................................... 19
9         APPENDIX ..................................................................................................................20
    9.1      Methodology ..................................................................................................................... 20
    9.2      Contact Us ........................................................................................................................ 20
    9.3      About Timetric ................................................................................................................... 20
    9.4      Our Services ..................................................................................................................... 20
    9.5      Disclaimer ......................................................................................................................... 22




Credit Cards Market in the Philippines to 2017: Market Brief
                                                                                                                                            Page 2
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                      Published: November 2013
LIST OF TABLES

Table 1: Cards and Payments Market – Terms and Definitions ...........................................................................5
Table 2: Number of Credit Cards in Philippines (Million) - 2008–2012 ................................................................6
Table 3: Number of Credit Cards in Philippines (Million) 2012–2017 ..................................................................7
Table 4: Number of Transactions using Credit Cards in Philippines by Channel (Million) 2008–2012 ................8
Table 5: Number of Transactions using Credit Cards in Philippines by Channel (Million) 2012–2017 ................9
Table 6: Value of Credit Card Transactions in Philippines by Channel (PHP Million) 2008–2012 ................... 10
Table 7: Value of Credit Card Transactions in Philippines by Channel (US$ Million) 2008–2012 .................... 10
Table 8: Value of Credit Card Transactions in Philippines by Channel (PHP Million) 2012–2017 ................... 11
Table 9: Value of Credit Card Transactions in Philippines by Channel (US$ Million) 2012–2017 .................... 11
Table 10: Frequency of Credit Card Usage in Philippines by Channel (Annual) 2008–2012 ........................... 12
Table 11: Frequency of Credit Card Usage in Philippines by Channel (Annual) 2012–2017 ........................... 13
Table 12: Average Transaction Value of Credit Cards in Philippines by Channel (PHP) 2008–2012 .............. 14
Table 13: Average Transaction Value of Credit Cards in Philippines by Channel (US$) 2008–2012............... 14
Table 14: Average Transaction Value of Credit Cards in Philippines by Channel (PHP) 2012–2017 .............. 15
Table 15: Average Transaction Value of Credit Cards in Philippines by Channel (US$) 2012–2017............... 15
Table 16: Spending Per Capita - Credit Cards 2008–2012 ............................................................................... 16
Table 17: Spending Per Capita - Credit Cards 2012-2017................................................................................ 17
Table 18: Credit Cards Penetration in Philippines (Per ‘000) - 2008–2012 ...................................................... 18
Table 19: Credit Cards Penetration in Philippines (Per ‘000) 2012–2017 ......................................................... 19




Credit Cards Market in the Philippines to 2017: Market Brief
                                                                                                                                Page 3
© Timetric. This product is licensed and is not to be photocopied
                                                                                                            Published: November 2013
LIST OF FIGURES

Figure 1: Number of Credit Cards in Philippines (Million) - 2008–2012 ...............................................................6
Figure 2 Number of Credit Cards in Philippines (Million) 2012–2017 ..................................................................7
Figure 3: Number of Transactions using Credit Cards in Philippines by Channel (Million) 2008–2012...............8
Figure 4: Number of Transactions using Credit Cards in Philippines by Channel (Million) 2012–2017...............9
Figure 5: Value of Credit Card Transactions in Philippines by Channel (US$ Million) 2008–2012................... 10
Figure 6: Value of Credit Card Transactions in Philippines by Channel (US$ Million) 2012–2017................... 11
Figure 7: Frequency of Credit Card Usage in Philippines by Channel (Annual) 2008–2012 ............................ 12
Figure 8: Frequency of Credit Card Usage in Philippines by Channel (Annual) 2012–2017 ............................ 13
Figure 9: Average Transaction Value of Credit Cards in Philippines by Channel (US$) 2008–2012 ............... 14
Figure 10: Average Transaction Value of Credit Cards in Philippines by Channel (US$) 2012–2017 ............. 15
Figure 11: Spending Per Capita - Credit Cards 2008–2012.............................................................................. 16
Figure 12: Spending Per Capita - Credit Cards 2012-2017 .............................................................................. 17
Figure 13: Credit Cards Penetration in Philippines (Per ‘000) - 2008–2012 ..................................................... 18
Figure 14 Credit Cards Penetration in Philippines (Per ‘000) 2012–2017 ........................................................ 19




Credit Cards Market in the Philippines to 2017: Market Brief
                                                                                                                                Page 4
© Timetric. This product is licensed and is not to be photocopied
                                                                                                            Published: November 2013
1    INTRODUCTION

1.1 What is this Report About?

       This report is the result of extensive research on the cards and payments industry, covering the Credit
       card market in Philippines. It provides data on market size and forecasts by channel for the following –

                 Number of Cards
                 Number of Transactions
                 Value of Transactions
                 Frequency of Use
                 Average Transaction Value
                 Spending Per Capita
                 Credit Card Penetration

1.2 Definitions

       For the purposes of this report, the following timeframes apply:

       • Review period: 2008–2012
       • Forecast period: 2012–2017

       The key market categories featured in the report are defined below:


       Table 1: Cards and Payments Market – Terms and Definitions
        Terms                               Definition
                                            Cards suitable for purposes such as key religious festivals or on occasions such as
        Gift cards                          marriages and birthdays. The gift card can also be used by businesses as gifts to
                                            employees, vendors or clients.

                                            Cards specifically designed to replace paper voucher systems, offering employees a meal
        Meal cards                          allowance and eliminating logistical problems associated with procurement, stock-keeping
                                            and distribution of paper-based meal vouchers.

                                            Cards used to pay salaries to employees, eliminating the need to credit fund
				
DOCUMENT INFO
Description: This report is the result of Timetric’s extensive market research covering the cards and payments industry in the Philippines. It contains detailed historic and forecast data for credit card. 'Credit Cards Market in the Philippines to 2017: Market Brief' provides detailed insight into the operating environment of the cards and payments industry in the Philippines. It is an essential tool for companies active across the Philippines cards and payments value chain and for new players considering to enter the market.
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