Consumer Finance in Israel
Euromonitor International's Consumer Finance in Israel report establishes the size and structure of the market for ATMs, credit cards, debit cards, store cards and smart cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Buy online to access strategic market analysis and an interactive statistical database of value and volume for retail and internet transactions, number of cards in circulation and company brand shares.
Tables: 110 | Publication date: Jul 2009
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive environment
Product coverage
Consumer lending; Financial cards and payments
Executive summary
Economic Improvement Boosts Financial Cards Market
Since the end of the recession in 2003 the Israeli economy has grown steadily. This growth has affected many areas, including the financial cards market. This market saw high growth rates in 2008, and is expected to continue performing well in the future. The use of financial cards is increasing annually, both in terms of the number of cards and the value of transactions. This is mainly thanks to increasing consumer confidence in using financial cards and growth in merchant acceptance.
Gift Cards Continue To Dominate Pre-paid Environment
The gift cards niche has been in constant bloom since 2004, while other types of cards are gradually disappearing. The ease-of-use of these products, along with the fact they offer a comfortable gift solution, have enabled rapid growth. Growth in related markets such as fashion brands, booksellers and home furnishing brands strongly affects the gift card niche, which is predicted to expand even more in terms of volume and value in coming years, along with new products that are about to be introduced.
Insurance Companies Offer Credit Solutions
Another new factor to enter the credit market is the insurance companies. The Overdraft Law has opened the market to increased competition and resulted in consumers seeking new sources of credit. Insurance companies were to fill the void and, having received the approval by Ministry of Finance, started offering loans and lines of credit higher than the banks could offer. This is still a relatively new player in the credit environment, but its share is predicted to grow over the forecast period.
Co-Branded Cards Expected to be Replaced by Store-Cards
Leading grocery retailers in Israel already use co-branded cards, which have proved very successful in recent years. The main target of these strong retailers is to use the infrastructure these co-branded cards create, in order to establish official members’ clubs in the form of store cards. The credit in this case will be the retailer’s responsibility, without the assistance of banks or credit card companies.
Table of contents
CONSUMER FINANCE IN ISRAEL : MARKET INSIGHT
EXECUTIVE SUMMARY
Economic Improvement Boosts Financial Cards Market
Gift Cards Continue To Dominate Pre-paid Environment
Insurance Companies Offer Credit Solutions
Co-Branded Cards Expected to be Replaced by Store-Cards
KEY TRENDS AND DEVELOPMENTS
Unique System in Israel and its Effects on Credit Market
Recent Overdraft Law and its Influences
Sophisticated Clients Demand More Advanced Products
Gift Cards Gaining Momentum
MARKET INDICATORS
Table 1 Number of POS Terminals 2004-2008
Table 2 Number of ATMs 2004-2008
Table 3 Disposable Income 2003-2008
Table 4 Value Lost to Fraud 2003-2008
Table 5 Acquirer Fraud 2003-2008
Table 6 Card Expenditure by Location 2008
Table 7 Card Expenditure by Sector 2008
Table 8 Financial Cards in Circulation by Type: % Number of Cards 2004-2008
Table 9 Domestic versus Foreign Spend 2008
MARKET DATA
Table 10 Consumer Payments: Value 2003-2008
Table 11 Financial Cards: Number of Cards in Circulation 2003-2008
Table 12 Financial Cards Transactions: Value 2003-2008
Table 13 Financial Cards: Number of Transactions 2003-2008
Table 14 Financial Cards: Number of Accounts 2003-2008
Table 15 Financial Cards: Number of Cards by Issuer 2003-2007
Table 16 Financial Cards: Number of Cards by Operator 2003-2007
Table 17 Financial Cards: Card Payment Transaction Value by Operator 2003-2007
Table 18 Financial Cards: Card Payment Transactions by Acquirer 2003-2007
Table 19 Consumer Payments Forecast: Value 2008-2013
Table 20 Financial Cards Forecast: Number of Cards in Circulation 2008-2013
Table 21 Financial Cards Forecast: Value 2008-2013
Table 22 Financial Cards Forecast: Number of Transactions 2008-2013
Table 23 Financial Cards Forecast: Number of Accounts 2008-2013
APPENDIX
DEFINITIONS
Summary 1 Research Sources
LOCAL COMPANY PROFILES - ISRAEL
ISRACARD LTD - CONSUMER FINANCE - ISRAEL
STRATEGIC DIRECTION
KEY FACTS
Summary 2 IsraCard Ltd: Key Facts
Summary 3 IsraCard Ltd: Operational Indicators
COMPANY BACKGROUND
COMPETITIVE POSITIONING
ISRAEL CREDIT CARD LTD - CONSUMER FINANCE - ISRAEL
STRATEGIC DIRECTION
KEY FACTS
Summary 4 Israel Credit Card Ltd: Key Facts
Summary 5 Israel Credit Card Ltd: Operational Indicators
COMPANY BACKGROUND
COMPETITIVE POSITIONING
LEUMI-CARD LTD - CONSUMER FINANCE - ISRAEL
STRATEGIC DIRECTION
KEY FACTS
Summary 6 Leumi-Card Ltd: Key Facts
Summary 7 Leumi-Card Ltd: Operational Indicators
COMPANY BACKGROUND
COMPETITIVE POSITIONING
ATM TRANSACTIONS IN ISRAEL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 24 ATM Cards Sector Performance: 2003-2008
Table 25 ATM Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 26 ATM Cards Sector Performance: % Growth 2003-2008
Table 27 ATM Cards in Circulation Sector Performance: % Growth 2003-2008
Table 28 ATM Cards Forecast Sector Performance: 2008-2013
Table 29 ATM Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 30 ATM Cards Forecast Sector Performance: % Growth 2008-2013
Table 31 ATM Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
DEBIT TRANSACTIONS IN ISRAEL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 32 Debit Cards Sector Performance: 2003-2008
Table 33 Debit Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 34 Debit Cards Sector Performance: % Growth 2003-2008
Table 35 Debit Cards in Circulation Sector Performance: % Growth 2003-2008
Table 36 Debit Cards: Number of Cards by Issuer 2003-2007
Table 37 Debit Cards: Number of Cards by Operator 2003-2007
Table 38 Debit Cards Transactions by Acquirer 2003-2007
Table 39 Debit Cards Payment Transaction Value by Operator 2003-2007
Table 40 Debit Cards Forecast Sector Performance: 2008-2013
Table 41 Debit Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 42 Debit Cards Forecast Sector Performance: % Growth 2008-2013
Table 43 Debit Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
CREDIT CARD TRANSACTIONS IN ISRAEL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 44 Credit Cards Sector Performance: 2003-2008
Table 45 Credit Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 46 Credit Cards Sector Performance: % Growth 2003-2008
Table 47 Credit Cards in Circulation Sector Performance: % Growth 2003-2008
Table 48 Personal Credit Cards Sector Performance: 2003-2008
Table 49 Personal Credit Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 50 Personal Credit Cards Sector Performance: % Growth 2003-2008
Table 51 Personal Credit Cards in Circulation Sector Performance: % Growth 2003-2008
Table 52 Commercial Credit Cards Sector Performance: 2003-2008
Table 53 Commercial Credit Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 54 Commercial Credit Cards Sector Performance: % Growth 2003-2008
Table 55 Commercial Credit Cards in Circulation Sector Performance: % Growth 2003-2008
Table 56 Credit Cards: Number of Cards by Issuer 2003-2007
Table 57 Credit Cards: Number of Cards by Operator 2003-2007
Table 58 Credit Cards Transactions by Acquirer 2003-2007
Table 59 Credit Cards Payment Transaction Value by Operator 2003-2007
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2003-2007
Table 61 Commercial Credit Cards Payment Transaction Value by Operator 2003-2007
Table 62 Credit Cards Forecast Sector Performance: 2008-2013
Table 63 Credit Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 64 Credit Cards Forecast Sector Performance: % Growth 2008-2013
Table 65 Credit Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
Table 66 Personal Credit Cards Forecast Sector Performance: 2008-2013
Table 67 Personal Credit Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 68 Personal Credit Cards Forecast Sector Performance: % Growth 2008-2013
Table 69 Personal Credit Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
Table 70 Commercial Credit Cards Forecast Sector Performance: 2008-2013
Table 71 Commercial Credit Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 72 Commercial Credit Cards Forecast Sector Performance: % Growth 2008-2013
Table 73 Commercial Credit Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
CHARGE CARD TRANSACTIONS IN ISRAEL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 74 Charge Cards Sector Performance: 2003-2008
Table 75 Charge Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 76 Charge Cards Sector Performance: % Growth 2003-2008
Table 77 Charge Cards in Circulation Sector Performance: % Growth 2003-2008
Table 78 Personal Charge Cards Sector Performance: 2003-2008
Table 79 Personal Charge Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 80 Personal Charge Cards Sector Performance: % Growth 2003-2008
Table 81 Personal Charge Cards in Circulation Sector Performance: % Growth 2003-2008
Table 82 Commercial Charge Cards Sector Performance: 2003-2008
Table 83 Commercial Charge Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 84 Commercial Charge Cards Sector Performance: % Growth 2003-2008
Table 85 Commercial Charge Cards in Circulation Sector Performance: % Growth 2003-2008
Table 86 Charge Cards: Number of Cards by Issuer 2003-2007
Table 87 Charge Cards: Number of Cards by Operator 2003-2007
Table 88 Charge Cards Transactions by Acquirer 2003-2007
Table 89 Charge Cards Payment Transaction Value by Operator 2003-2007
Table 90 Personal Charge Cards Transaction Value by Operator 2003-2007
Table 91 Commercial Charge Cards Payment Transaction Value by Operator 2003-2007
Table 92 Charge Cards Forecast Sector Performance: 2008-2013
Table 93 Charge Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 94 Charge Cards Forecast Sector Performance: % Growth 2008-2013
Table 95 Charge Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
Table 96 Personal Charge Cards Forecast Sector Performance: 2008-2013
Table 97 Personal Charge Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 98 Personal Charge Cards Forecast Sector Performance: % Growth 2008-2013
Table 99 Personal Charge Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
Table 100 Commercial Charge Cards Forecast Sector Performance: 2008-2013
Table 101 Commercial Charge Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 102 Commercial Charge Cards Forecast Sector Performance: % Growth 2008-2013
Table 103 Commercial Charge Cards in Circulation Forecast Sector Performance: % Growth 2008-2013