US Cards & Payments: Opportunities and Risks to 2023
|出版日||ページ情報||英文 78 Pages
|カード・決済の米国市場：機会とリスク US Cards & Payments: Opportunities and Risks to 2023|
|出版日: 2019年09月27日||ページ情報: 英文 78 Pages||
当レポートでは、米国のカード・決済産業における市場動向について調査分析し、カード、現金、自動引き落とし、銀行口座振替、小切手を含めた、主要業績評価指標 (KPI) について、体系的な情報を提供しています。
The US payments market is highly mature - arguably even over-served by its financial institutions. There were more debit cards in circulation than individuals in the US in 2019 by a considerable margin. Ready access to formal financial services has resulted in a population that is highly comfortable with credit and debit cards both in-store and online. A wide range of card-issuing and alternative payment brands (including P2P, e-commerce, and mobile proximity payments) are available.
With growth in the market, companies from diverse sectors have launched solutions to gain market share. Mobile phone manufacturers such as Apple and Samsung, technology provider Google, banks including JPMorgan Chase, Wells Fargo, and Capital One, and retailers such as Amazon and Walmart have all launched their own payment solutions. In this highly competitive market, these companies are also expanding the scope of their solutions beyond payments to retain existing customers and attract new ones.
Point of sale (POS) financing is an emerging trend in the US consumer financing space. JPMorgan Chase announced plans to launch My Chase Plan - a new service allowing card holders to purchase products that cost $500+ over a longer duration with a monthly fee, rather than interest-based repayments. The service is likely to be launched later in 2019.
The US merchant acquiring and payment processing space was previously fragmented, with companies competing mostly on national and regional levels. However, interest from strategic and financial investors has led to a wave of consolidation. In May 2019, Global Payments announced a merger with US-based card processor TSYS for a consideration of $21.5bn. In July 2019, Fiserv completed the acquisition of First Data for $22bn in an all-stock deal. But the blockbuster deal remains FIS's acquisition of Worldpay for $43bn.
The US e-commerce market registered a review-period (2015-19e) compound annual growth rate (CAGR) of 12.1%. Credit cards account for the largest share of any single payment tool, owing their success to their comfort and convenience. Yet alternative payment methods including Apple Pay, Chase Pay, Samsung Pay, and Google Pay are also being used for e-commerce.
The report "US Cards & Payments: Opportunities and Risks to 2023" provides detailed analysis of market trends in the US cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, cash, direct debits, credit transfers, and cheques during the review-period (2015-19e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.
The report "US Cards & Payments: Opportunities and Risks to 2023" provides -
Companies Mentioned - Wells Fargo, Bank of America, JPMorgan Chase, PNC, US Bank, American Express, Citibank, Capital One, Visa, Mastercard, Star, Pulse, Discover, Worldpay, First Data, Elavon, Fiserv, Global Payments, FIS