Russian Bank Card Market 2009 2013

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					Russian Bank Card Market

       2009-2013
                                                                                            Russian Bank Card Market




                                                Table of Contents
1. Introduction.......................................................................................................................3
2. Market Size and Forecast.................................................................................................4
3. Trends in Russian Bank Card Market..............................................................................5
4. Drivers of Russian Bank Card Market.............................................................................6
5. Challenges in Russian Bank Card market........................................................................8
6. Vendors............................................................................................................................10
7. Related Reports in this Series.........................................................................................15




                                                   List of Exhibits
Exhibit 2.1: Russian Bank Card market Size and Forecast 2009-2013 (In $billion).........4




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                                                                                                                                    2
                                                               Russian Bank Card Market




1. Introduction


A Bank Card enable smooth financial transactions for the holder. It often functions as a
debit card, which is made of plastic and has a magnetically coded strip with the customer
account information, such as name, account number etc. embedded on it. These
magnetically coded strip can easily be read, written, deleted or changed.




The Russian Bank Card market has emerged at the intersection of two growing markets,
the debit card market and the consumer credit card market. Debit card gives the consumer
access over his own money without going to bank, whereas Credit Card helps consumers
get credit from the bank as per their requirement, and provides a more secure way of
conducting transactions.



Due to the global economic crisis, the Russian Bank Card market has witnessed a decline in
the past few years. However, this market has been growing with double digit since early
2010. This growth is majorly driven by the rise in middle class household income, changes
in the consumer spending pattern and growing preference of the consumers towards the
use of bank card over cash. Besides, the use of bank card also provide benefits such as
reward points and discounts by the banks. This has created a huge demand for payment
cards, which is providing positive growth opportunities for card issuers, suppliers and
manufacturers.



Despite the positive growth rates, the Russian Bank Card market is facing some challenges
such as security, infrastructure etc. Security has been one of the major factors
demotivating the consumers from using Bank Cards.



This report highlights scope of the Russian Bank Card market 2009-2013, along with
trends, drivers, growth inhibitors and a few major vendors in the market.




                                                                                        3
                                                                      Russian Bank Card Market




2. Market Size and Forecast
According to TechNavio, the Russian Bank Card market is forecast to reach $225.0 million in
2013 from $110.0 million in 2009; thus, growing at a growth rate of 19.6 percent over the
forecast period (Exhibit 2.1).


Exhibit 2.1: Russian Bank Card market Size and Forecast 2009-2013 (In $million)


               250
                                                                          225.0
                                                             210.0
               200
                                                 180.0


               150                  140.0


                        110.0
               100




                 50




                  0
                        2009         2010        2011         2012        2013



                                                                            Source: TechNavio Analysis



In 2008, the Russian Bank
				
DOCUMENT INFO
Description: A Bank Card authorizes the holder to have smooth financial transactions. This often functions as a debit card which is made of plastic, having a magnetically coded strip with customer account information, such as name, account no. etc., embedded in it. These magnetically coded strip can easily be read, written, deleted or changed . The Russian Bank Card market had witnessed a decline in the past few years, due to the global economic crisis. This is in contraction to the scenario of the global Bank Card market, which is experiencing a steady double digit growth since early 2010 . This growth is majorly driven by the rise in middle class household income, changes in the consumer spending pattern and consumers growing preference towards the use of bank card over cash. Besides, the use of bank card also provide benefits such as reward points and discounts offered by the Banks. This has created a huge demand for payment cards, which is providing positive growth opportunities for card issuers, suppliers and manufacturers. The Russian Bank Card market has emerged at the intersection of two growing markets , the debit card market and the consumer credit card market. Debit card gives the consumer access over his own money without going to bank, whereas Credit Card helps consumer to get credit from the bank as per their requirement and provides a more secure way of having transactions. Despite the positive growth rates, the Russian Bank Card market is facing some challenges such as security, infrastructure availability, etc. This report by Technavio Insights highlights the scope of the Russian Bank Card market, along with trends, drivers, growth inhibitors and a few major vendors in the market.
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