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Strategy Briefing

Converting Paper Payments

49 pages, Nov 2014

US$1,325

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Alternatives to paper payment have the potential to positively impact all actors involved in the payment process, from governments to consumers. Regulation and policy aimed at realising the efficiency gains and cost reductions has developed at varying pace around with world. Taking into account the characteristics of local consumers’ behaviour, as well as identifying the leading barriers to paper alternative use, can increase the probability of a successful payment policy being developed.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Establishing regulatory framework is the first step to paper reduction in banking

For a rapid transition from paper to take place in a market, there have to be guidelines established by the government. Card issuers and networks will be hesitant to invest in a market with an uncertain regulatory environment.

Collaborating can deliver faster growth

Coordination among merchants, card and electronic companies, card issuers and government agencies delivers the fastest conversion rate, but this needs to be initiated by the government.

Communicate value proposition effectively to consumers

The payment actors involved in advancing a solution have to effectively communicate the value that cards or electronic transfers have over paper.

Paper contributes to shadow economy

The anonymous nature of cash payments plays a large role in shadow economies around the world. Tax evasion and the purchase of illegal goods and services is more difficult with non-paper payments.

Domestic networks can reduce costs over the long run

Although a domestic network can decrease the cost of processing card payments over the long run, deciding who has to incur the immediate cost often restricts development.

Internet retailing and m-commerce key drivers

In both emerging and developed markets, the transition of retailing online continues to drive down paper payments.

Government benefit distribution to accelerate

Government benefit distribution electronically or on cards has the potential to reduce costs for the government and reduce incidents of fraud, while providing an additional policy monitoring tool.

What this report includes

Top-level strategic analysis of how major consumer trends will influence global markets
Consumer insight
Impact across all relevant consumer markets
Unique graphics and case studies
Key market snapshots
Accompanying presentation to synthesise main findings

Why buy this report

Identify factors driving change now and in the future
Understand motivation
Forward-looking outlook
Briefings and presentation should provoke lively discussion at senior level
Take a step back from micro trends
Get up to date estimates and comment

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Introduction

Scope

Key findings

Why convert from paper payments at all?

Driving the conversion

Breakdown of the beneficiaries

A regional perspective

The real cost of paper

Addressing corruption

Current state of the world

Dispelling the myth of a cash culture in emerging markets

Effective Strategies and Universal Drivers

Behind the growth

Effective strategies by actor

Broad government approaches

The ideal regulatory path for converting paper payments

Effective government policies

How these drivers have made an impact

Direct government intervention

Building a domestic card network

Selected positive government approaches

Beyond government drivers

Consumer driven strategies: Behind mobile money development

Case study: M-Pesa in Kenya

Case study: MasterCard partnering with governments

Case study: Turkish Banks united to move East

Case study: Public and private efforts in Brazil

Coordination, effective regulation and education

Resistant Markets and Pathways to Adoption

Opposite sides of adoption

The most paper dependent consumers

Country analysis

India: Pathway to adoption

Conquering the rural divide through technology

Making the most of mobile adoption

Japan: Pathway to adoption

Innovations in Japanese payments

Russia: Pathway to adoption

Creating a more competitive environment

Shifting focus to education

UAE: Pathway to adoption

Segmenting spend by card type

Outlook and Index

Global perspective

Interpreting the index

Passive and moderate

Active and aggressive

Summary 1 g effective policy and increasing coordination

Why buy this report?

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Megatrends

Strategy Briefing

Converting Paper Payments

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Establishing regulatory framework is the first step to paper reduction in banking

Collaborating can deliver faster growth

Communicate value proposition effectively to consumers

Paper contributes to shadow economy

Domestic networks can reduce costs over the long run

Internet retailing and m-commerce key drivers

Government benefit distribution to accelerate

What this report includes

Why buy this report

Want to find out more about this report?

Table of Contents

Introduction

Scope

Key findings

Why convert from paper payments at all?

Driving the conversion

Breakdown of the beneficiaries

A regional perspective

The real cost of paper

Addressing corruption

Current state of the world

Dispelling the myth of a cash culture in emerging markets

Effective Strategies and Universal Drivers

Effective Strategies and Universal Drivers

Behind the growth

Effective strategies by actor

Broad government approaches

The ideal regulatory path for converting paper payments

Effective government policies

How these drivers have made an impact

Direct government intervention

Building a domestic card network

Selected positive government approaches

Beyond government drivers

Consumer driven strategies: Behind mobile money development

Case study: M-Pesa in Kenya

Case study: MasterCard partnering with governments

Case study: Turkish Banks united to move East

Case study: Public and private efforts in Brazil

Coordination, effective regulation and education

Resistant Markets and Pathways to Adoption

Resistant Markets and Pathways to Adoption

Opposite sides of adoption

The most paper dependent consumers

Country analysis

India: Pathway to adoption

Conquering the rural divide through technology

Making the most of mobile adoption

Japan: Pathway to adoption

Innovations in Japanese payments

Russia: Pathway to adoption

Creating a more competitive environment

Shifting focus to education

UAE: Pathway to adoption

Segmenting spend by card type

Outlook and Index

Global perspective

Interpreting the index

Passive and moderate

Active and aggressive

Summary 1 g effective policy and increasing coordination

Why buy this report?

Want to find out more about this report?

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