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Country Report

Credit Card Transactions in

Credit Cards in South Africa

21 pages, Nov 2018

US$990

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Executive Summary

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!

PROSPECTS

Positive growth expected as financially stressed consumers turn to credit

In recent years, the falling exchange value of the rand has made imported products increasingly expensive. In addition, the sharp increases that have been seen in the cost of living have not been matched by wage and salary increases, which has made it increasingly difficult for middle-class South Africans to afford their lifestyles.

The National Credit Amendment Bill set to have a strong effect on credit cards

At the time of writing, the South African parliament was in the final stages of processing the National Credit Amendment Bill. Once passed into law, this controversial piece of legislation promises to provide relief to the very many South Africans facing difficulties meeting their debt repayment obligations.

The use of credit cards continues to evolve in line with consumer needs

Much of the increased use of credit cards seen over the review period was due to consumers becoming much savvier about how to use them effectively. Of note was the growing use of credit cards to pay for relatively small amounts in retail and consumer foodservice outlets.

COMPETITIVE LANDSCAPE

Leading players continue to focus on offering attractive incentives to support demand

Standard Bank remained the leading issuer of credit cards in 2017, both in terms of the numbers of cards in circulation and transactions value. Absa Group, FirstRand Bank and Nedbank were the next most important players, demonstrating the dominance of the country’s four biggest banks.

Innovation revolutionises the usage of credit cards

Cobranded credit cards experienced a major increase in penetration over the review period. Many banks now offer exclusive privileges through their co-branding partners in an effort to remain competitive and attract more consumers.

Issuers and operators to focus more on security and eliminating fraud

During 2017, some ZAR779 million was lost to credit and debit card fraud, according to the South African Banking Risk Information Centre (SABRIC). The research published by SABRIC showed that the three most costly types of credit card fraud during the year, meaning those where banks incurred the highest gross losses to fraud reported, were card-not-present fraud, counterfeit card fraud and lost and/or stolen card fraud.

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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.

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Charge Cards in South Africa - Category analysis

Charge Cards in South Africa - Company Profile

HEADLINES

PROSPECTS

Charge cards is a niche category with a very small potential consumer audience

Commercial charge cards is the most dynamic category

Charge cards unlikely to be very negatively affected by new credit regulations

COMPETITIVE LANDSCAPE

Diners Club, American Express, Standard Bank and Nedbank still the clear leaders

The benefits of charge cards appeal to only limited numbers of consumers

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2013-2018
Table 2 Charge Cards Transactions 2013-2018
Table 3 Charge Cards in Circulation: % Growth 2013-2018
Table 4 Charge Cards Transactions: % Growth 2013-2018
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2013-2018
Table 6 Commercial Charge Cards Transactions 2013-2018
Table 7 Commercial Charge Cards in Circulation: % Growth 2013-2018
Table 8 Commercial Charge Cards Transactions: % Growth 2013-2018
Table 9 Personal Charge Cards: Number of Cards in Circulation 2013-2018
Table 10 Personal Charge Cards Transactions 2013-2018
Table 11 Personal Charge Cards in Circulation: % Growth 2013-2018
Table 12 Personal Charge Cards Transactions: % Growth 2013-2018
Table 13 Charge Cards: Number of Cards by Issuer 2013-2017
Table 14 Charge Cards: Number of Cards by Operator 2013-2017
Table 15 Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 16 Charge Cards Payment Transaction Value by Operator 2013-2017
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2013-2017
Table 18 Commercial Charge Cards: Number of Cards by Operator 2013-2017
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2013-2017
Table 21 Personal Charge Cards: Number of Cards by Issuer 2013-2017
Table 22 Personal Charge Cards: Number of Cards by Operator 2013-2017
Table 23 Personal Charge Cards Transaction Value by Issuer 2013-2017
Table 24 Personal Charge Cards Transaction Value by Operator 2013-2017
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2018-2023
Table 26 Forecast Charge Cards Transactions 2018-2023
Table 27 Forecast Charge Cards in Circulation: % Growth 2018-2023
Table 28 Forecast Charge Cards Transactions: % Growth 2018-2023
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2018-2023
Table 30 Forecast Commercial Charge Cards Transactions 2018-2023
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2018-2023
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2018-2023
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2018-2023
Table 34 Forecast Personal Charge Cards Transactions 2018-2023
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2018-2023
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2018-2023

Credit Cards in South Africa - Category analysis

Credit Cards in South Africa - Company Profile

HEADLINES

PROSPECTS

Positive growth expected as financially stressed consumers turn to credit

The National Credit Amendment Bill set to have a strong effect on credit cards

The use of credit cards continues to evolve in line with consumer needs

COMPETITIVE LANDSCAPE

Leading players continue to focus on offering attractive incentives to support demand

Innovation revolutionises the usage of credit cards

Issuers and operators to focus more on security and eliminating fraud

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2013-2018
Table 38 Credit Cards Transactions 2013-2018
Table 39 Credit Cards in Circulation: % Growth 2013-2018
Table 40 Credit Cards Transactions: % Growth 2013-2018
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2013-2018
Table 42 Commercial Credit Cards Transactions 2013-2018
Table 43 Commercial Credit Cards in Circulation: % Growth 2013-2018
Table 44 Commercial Credit Cards Transactions: % Growth 2013-2018
Table 45 Personal Credit Cards: Number of Cards in Circulation 2013-2018
Table 46 Personal Credit Cards Transactions 2013-2018
Table 47 Personal Credit Cards in Circulation: % Growth 2013-2018
Table 48 Personal Credit Cards Transactions: % Growth 2013-2018
Table 49 Credit Cards: Number of Cards by Issuer 2013-2017
Table 50 Credit Cards: Number of Cards by Operator 2013-2017
Table 51 Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 52 Credit Cards Payment Transaction Value by Operator 2013-2017
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2013-2017
Table 54 Commercial Credit Cards: Number of Cards by Operator 2013-2017
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2013-2017
Table 57 Personal Credit Cards: Number of Cards by Issuer 2013-2017
Table 58 Personal Credit Cards: Number of Cards by Operator 2013-2017
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2013-2017
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2018-2023
Table 62 Forecast Credit Cards Transactions 2018-2023
Table 63 Forecast Credit Cards in Circulation: % Growth 2018-2023
Table 64 Forecast Credit Cards Transactions: % Growth 2018-2023
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2018-2023
Table 66 Forecast Commercial Credit Cards Transactions 2018-2023
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2018-2023
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2018-2023
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2018-2023
Table 70 Forecast Personal Credit Cards Transactions 2018-2023
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2018-2023
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2018-2023

Debit Cards in South Africa - Category analysis

Debit Cards in South Africa - Company Profile

HEADLINES

PROSPECTS

Debit cards come with all basic bank accounts, supporting growth in the category

Payment of social grants directly into bank accounts supports uptake of debit cards

The emergence of mobile payment services poses a threat to debit transactions

COMPETITIVE LANDSCAPE

Mastercard, Visa the dominant operators, while “the big five” banks dominate issuing

The big four retail banks focus on debit card innovation to maintain advantages

Capitec seeks to compete with its larger rivals

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2013-2018
Table 74 Debit Cards Transactions 2013-2018
Table 75 Debit Cards in Circulation: % Growth 2013-2018
Table 76 Debit Cards Transactions: % Growth 2013-2018
Table 77 Debit Cards: Number of Cards by Issuer 2013-2017
Table 78 Debit Cards: Number of Cards by Operator 2013-2017
Table 79 Debit Cards Payment Transaction Value by Issuer 2013-2017
Table 80 Debit Cards Payment Transaction Value by Operator 2013-2017
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2018-2023
Table 82 Forecast Debit Cards Transactions 2018-2023
Table 83 Forecast Debit Cards in Circulation: % Growth 2018-2023
Table 84 Forecast Debit Cards Transactions: % Growth 2018-2023

Pre-Paid Cards in South Africa - Category analysis

Pre-Paid Cards in South Africa - Company Profile

HEADLINES

PROSPECTS

Transportation cards set to remain the main site of growth

Pre-paid cards becoming more popular as a no-risk payment method

Open loop pre-paid cards to benefit from popularity among unbanked population

COMPETITIVE LANDSCAPE

Leading banks still on top of the list of issuers of pre-paid cards

Retailers remain among the leading issuers of pre-paid cards

The Government of Gauteng introduces pre-paid cards as e-tickets for transport

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2013-2018
Table 86 Pre-paid Cards Transactions 2013-2018
Table 87 Pre-paid Cards in Circulation: % Growth 2013-2018
Table 88 Pre-paid Cards Transactions: % Growth 2013-2018
Table 89 Closed Loop Pre-paid Cards Transactions 2013-2018
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 91 Open Loop Pre-paid Cards Transactions 2013-2018
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 93 Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 94 Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 95 Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 96 Pre-paid Cards Transaction Value by Operator 2013-2017
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 106 Forecast Pre-paid Cards Transactions 2018-2023
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2018-2023
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2018-2023
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2018-2023
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2018-2023
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2018-2023

Store Cards in South Africa - Category analysis

Store Cards in South Africa - Company Profile

HEADLINES

PROSPECTS

The popularity of store cards set to wane over the forecast period

Store cards taking the heat for rising numbers of consumers in credit default

Store cards increasingly relying on loyalty points partnerships to attract consumers

COMPETITIVE LANDSCAPE

Apparel and footwear specialist retailers remain the leading issuers of store cards

Pick n Pay’s new store cards prove popular despite criticism

For retailers, credit becomes an increasingly important for attracting customers

CATEGORY DATA

Table 113 Store Cards: Number of Cards in Circulation 2013-2018
Table 114 Store Cards Transactions 2013-2018
Table 115 Store Cards in Circulation: % Growth 2013-2018
Table 116 Store Cards Transactions: % Growth 2013-2018
Table 117 Store Cards: Number of Cards by Issuer 2013-2017
Table 118 Store Cards: Payment Transaction Value by Issuer 2013-2017
Table 119 Forecast Store Cards: Number of Cards in Circulation 2018-2023
Table 120 Forecast Store Cards Transactions 2018-2023
Table 121 Forecast Store Cards in Circulation: % Growth 2018-2023
Table 122 Forecast Store Cards Transactions: % Growth 2018-2023

Financial Cards and Payments in South Africa - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments continues to register positive growth

Impending passing of Credit Amendment Bill to impact credit cards and store cards

Debit cards remain dominant in card payment transactions

The increasing importance of e-commerce spurs innovation

Growth in transactions value set to slow down

MARKET INDICATORS

Table 123 Number of POS Terminals: Units 2013-2018
Table 124 Number of ATMs: Units 2013-2018
Table 125 Value Lost to Fraud 2013-2018
Table 126 Card Expenditure by Location 2017
Table 127 Financial Cards in Circulation by Type: % Number of Cards 2013-2018
Table 128 Domestic versus Foreign Spend 2018

MARKET DATA

Table 129 Financial Cards by Category: Number of Cards in Circulation 2013-2018
Table 130 Financial Cards by Category: Number of Accounts 2013-2018
Table 131 Financial Cards Transactions by Category: Value 2013-2018
Table 132 Financial Cards by Category: Number of Transactions 2013-2018
Table 133 Consumer Payments by Category: Value 2013-2018
Table 134 Consumer Payments by Category: Number of Transactions 2013-2018
Table 135 M-Commerce by Category: Value 2013-2018
Table 136 M-Commerce by Category: % Value Growth 2013-2018
Table 137 Financial Cards: Number of Cards by Issuer 2013-2017
Table 138 Financial Cards: Number of Cards by Operator 2013-2017
Table 139 Financial Cards: Card Payment Transactions Value by Operator 2013-2017
Table 140 Financial Cards: Card Payment Transactions Value by Issuer 2013-2017
Table 141 Forecast Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 142 Forecast Financial Cards by Category: Number of Accounts 2018-2023
Table 143 Forecast Financial Cards Transactions by Category: Value 2018-2023
Table 144 Forecast Financial Cards by Category: Number of Transactions 2018-2023
Table 145 Forecast Consumer Payments by Category: Value 2018-2023
Table 146 Forecast Consumer Payments by Category: Number of Transactions 2018-2023
Table 147 Forecast M-Commerce by Category: Value 2018-2023
Table 148 Forecast M-Commerce by Category: % Value Growth 2018-2023

Megatrends

Country Report

Credit Cards in South Africa

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Positive growth expected as financially stressed consumers turn to credit

The National Credit Amendment Bill set to have a strong effect on credit cards

The use of credit cards continues to evolve in line with consumer needs

COMPETITIVE LANDSCAPE

Leading players continue to focus on offering attractive incentives to support demand

Innovation revolutionises the usage of credit cards

Issuers and operators to focus more on security and eliminating fraud

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in South Africa - Category analysis

Charge Cards in South Africa - Company Profile

HEADLINES

PROSPECTS

Charge cards is a niche category with a very small potential consumer audience

Commercial charge cards is the most dynamic category

Charge cards unlikely to be very negatively affected by new credit regulations

COMPETITIVE LANDSCAPE

Diners Club, American Express, Standard Bank and Nedbank still the clear leaders

The benefits of charge cards appeal to only limited numbers of consumers

CATEGORY DATA

Credit Cards in South Africa - Category analysis

Credit Cards in South Africa - Company Profile

HEADLINES

PROSPECTS

Positive growth expected as financially stressed consumers turn to credit

The National Credit Amendment Bill set to have a strong effect on credit cards

The use of credit cards continues to evolve in line with consumer needs

COMPETITIVE LANDSCAPE

Leading players continue to focus on offering attractive incentives to support demand

Innovation revolutionises the usage of credit cards

Issuers and operators to focus more on security and eliminating fraud

CATEGORY DATA

Debit Cards in South Africa - Category analysis

Debit Cards in South Africa - Company Profile

HEADLINES

PROSPECTS

Debit cards come with all basic bank accounts, supporting growth in the category

Payment of social grants directly into bank accounts supports uptake of debit cards

The emergence of mobile payment services poses a threat to debit transactions

COMPETITIVE LANDSCAPE

Mastercard, Visa the dominant operators, while “the big five” banks dominate issuing

The big four retail banks focus on debit card innovation to maintain advantages

Capitec seeks to compete with its larger rivals

CATEGORY DATA

Pre-Paid Cards in South Africa - Category analysis

Pre-Paid Cards in South Africa - Company Profile

HEADLINES

PROSPECTS

Transportation cards set to remain the main site of growth

Pre-paid cards becoming more popular as a no-risk payment method

Open loop pre-paid cards to benefit from popularity among unbanked population

COMPETITIVE LANDSCAPE

Leading banks still on top of the list of issuers of pre-paid cards

Retailers remain among the leading issuers of pre-paid cards

The Government of Gauteng introduces pre-paid cards as e-tickets for transport

CATEGORY DATA

Store Cards in South Africa - Category analysis

Store Cards in South Africa - Company Profile

HEADLINES

PROSPECTS

The popularity of store cards set to wane over the forecast period

Store cards taking the heat for rising numbers of consumers in credit default

Store cards increasingly relying on loyalty points partnerships to attract consumers

COMPETITIVE LANDSCAPE

Apparel and footwear specialist retailers remain the leading issuers of store cards

Pick n Pay’s new store cards prove popular despite criticism

For retailers, credit becomes an increasingly important for attracting customers

CATEGORY DATA

Financial Cards and Payments in South Africa - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments continues to register positive growth