Pakistan cards and payments market has been registering strong growth in the recent past. It is expected to continue on the growth path. The number of cards circulated in 2009 was 1.5 million. It grew at a CAGR of 18% till 2013. The CAGR from 2013 to 2018 is likely to be 5.63%. Thus by 2018, about 3.6 million cards would be in circulation. The average transaction value of cards in Pakistan was USD 92 which was the ninth-largest in Asia Pacific. —
The presence of a huge untapped market will drive future growth. An increase in outbound tourism is also proving beneficial. Government of Pakistan introduced favorable economic reforms between 2009 and 2013. This has had a positive effect on the country’s GDP growth rate which went up from 2.9% in 2009 to 6% in 2013, and is anticipated to stay strong in future. A booming economy is bound to trigger higher demand for cards and payments.
Browse Full Research Report With TOC On “Pakistans Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape" at: http://www.radiantinsights.com/research/pakistan-s-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape
Based on transaction value, payment cards (both credit and debit), were worth USD 18.7 billion in 2013. This was the result of exceptional CAGR (25%) from 2009 to 2013. Debit cards are the most favored payment instrument in Pakistan. They accounted for close to 95% of the total cards and payments market in the country, in terms of transaction value. This dominance is likely to continue in forthcoming years.
Browse related reports by Radiant Insights:
• Military Ground Robot Mobile Platform Systems of Engagement Market –
• First Responder, Law Enforcement Robot Mobile Platform Systems of Engagement Market –
About Radiant Insight
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
Corporate Sales Specialist, USA
Radiant Insights Inc.
Toll Free: 1-888-202-9519
Name: Michelle Thoras
Email: Send Email
Organization: Radiant Insights, Inc.
Address: 28 2nd Street
Release ID: 102714