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Country Report

Debit Transactions in

Debit Cards in the Philippines

16 pages, Oct 2017

US$990

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Executive Summary

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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

Improving economy sustains growth of debit cards

The improving economy in the Philippines continues to drive new deposit and savings accounts that help sustain growth of debit cards. Moreover, the increasing purchasing power of Filipinos along with a higher number of business and commercial centres accepting technological innovations, will continue to fuel the category’s transaction growth.

Greater awareness would further boost uptake of debit cards

Increased awareness and literacy of financial payment options are still needed to boost debit card transactions. Filipinos may own debit cards but are not necessarily using them.

Banks must reassure consumers regarding future security

Recent system wide bank glitches that challenged the security of operators’ systems during the early months of 2017 may influence Filipinos’ views and acceptance of bank accounts in general, but this effect will only be for a certain period. Most banks have made huge efforts in reassuring their customers of improved services and security moving forward.

COMPETITIVE LANDSCAPE

State-owned bank continues to be leading issuer

Land Bank of the Philippines - LBP, with its wide country coverage, continued to issue the highest number of debit cards. The state-owned bank, has a very unique role in expanding progress to the countryside.

BDO continues its expansion

Like the leading issuer, BDO also aims to bring banking closer to a higher number of Filipinos by opening an additional 60 branches in 2016, with half located in provincial areas to align with its nationwide expansion blueprint and to also support the government’s efforts to promote inclusive banking through countryside branching and lending. By the end of 2016, BDO operated a total of 982 branches (including its Hong Kong branch).

Growth of deposit accounts key to category’s future development

The debit card competitive landscape revolves around the extent of a bank’s coverage as debit cards are directly proportionate to the growth of deposit accounts. Bank of the Philippine Islands - BPI ended 2016 with 838 branches, 3,044 ATMs and 8.

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Overview

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Charge Cards in the Philippines - Category analysis

Charge Cards in the Philippines - Company Profile

HEADLINES

PROSPECTS

Lack of popularity does not support further growth of charge cards

Charge cards offer limited usage

Stagnation and decline predicted

COMPETITIVE LANDSCAPE

BDO the only issuer of charge cards

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2012-2017
Table 2 Charge Cards Transactions 2012-2017
Table 3 Charge Cards in Circulation: % Growth 2012-2017
Table 4 Charge Cards Transactions: % Growth 2012-2017
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2012-2017
Table 6 Commercial Charge Cards Transactions 2012-2017
Table 7 Commercial Charge Cards in Circulation: % Growth 2012-2017
Table 8 Commercial Charge Cards Transactions: % Growth 2012-2017
Table 9 Personal Charge Cards: Number of Cards in Circulation 2012-2017
Table 10 Personal Charge Cards Transactions 2012-2017
Table 11 Personal Charge Cards in Circulation: % Growth 2012-2017
Table 12 Personal Charge Cards Transactions: % Growth 2012-2017
Table 13 Charge Cards: Number of Cards by Issuer 2012-2016
Table 14 Charge Cards: Number of Cards by Operator 2012-2016
Table 15 Charge Cards Payment Transaction Value by Issuer 2012-2016
Table 16 Charge Cards Payment Transaction Value by Operator 2012-2016
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2012-2016
Table 18 Commercial Charge Cards: Number of Cards by Operator 2012-2016
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2012-2016
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2012-2016
Table 21 Personal Charge Cards: Number of Cards by Issuer 2012-2016
Table 22 Personal Charge Cards: Number of Cards by Operator 2012-2016
Table 23 Personal Charge Cards Transaction Value by Issuer 2012-2016
Table 24 Personal Charge Cards Transaction Value by Operator 2012-2016
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2017-2022
Table 26 Forecast Charge Cards Transactions 2017-2022
Table 27 Forecast Charge Cards in Circulation: % Growth 2017-2022
Table 28 Forecast Charge Cards Transactions: % Growth 2017-2022
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 30 Forecast Commercial Charge Cards Transactions 2017-2022
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2017-2022
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 34 Forecast Personal Charge Cards Transactions 2017-2022
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2017-2022
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2017-2022

Credit Cards in the Philippines - Category analysis

Credit Cards in the Philippines - Company Profile

HEADLINES

PROSPECTS

Credit card transactions record slowest growth of review period

Credit cards face intense competition

Regulations inhibit growth of credit cards

COMPETITIVE LANDSCAPE

BDO remains the leading issuer of credit cards

Less complicated application procedures will encourage consumers

Fintech companies offer competition to issuers

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2012-2017
Table 38 Credit Cards Transactions 2012-2017
Table 39 Credit Cards in Circulation: % Growth 2012-2017
Table 40 Credit Cards Transactions: % Growth 2012-2017
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2012-2017
Table 42 Commercial Credit Cards Transactions 2012-2017
Table 43 Commercial Credit Cards in Circulation: % Growth 2012-2017
Table 44 Commercial Credit Cards Transactions: % Growth 2012-2017
Table 45 Personal Credit Cards: Number of Cards in Circulation 2012-2017
Table 46 Personal Credit Cards Transactions 2012-2017
Table 47 Personal Credit Cards in Circulation: % Growth 2012-2017
Table 48 Personal Credit Cards Transactions: % Growth 2012-2017
Table 49 Credit Cards: Number of Cards by Issuer 2012-2016
Table 50 Credit Cards: Number of Cards by Operator 2012-2016
Table 51 Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 52 Credit Cards Payment Transaction Value by Operator 2012-2016
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2012-2016
Table 54 Commercial Credit Cards: Number of Cards by Operator 2012-2016
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2012-2016
Table 57 Personal Credit Cards: Number of Cards by Issuer 2012-2016
Table 58 Personal Credit Cards: Number of Cards by Operator 2012-2016
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2012-2016
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2017-2022
Table 62 Forecast Credit Cards Transactions 2017-2022
Table 63 Forecast Credit Cards in Circulation: % Growth 2017-2022
Table 64 Forecast Credit Cards Transactions: % Growth 2017-2022
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 66 Forecast Commercial Credit Cards Transactions 2017-2022
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2017-2022
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 70 Forecast Personal Credit Cards Transactions 2017-2022
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2017-2022
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2017-2022

Debit Cards in the Philippines - Category analysis

Debit Cards in the Philippines - Company Profile

HEADLINES

PROSPECTS

Improving economy sustains growth of debit cards

Greater awareness would further boost uptake of debit cards

Banks must reassure consumers regarding future security

COMPETITIVE LANDSCAPE

State-owned bank continues to be leading issuer

BDO continues its expansion

Growth of deposit accounts key to category’s future development

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2012-2017
Table 74 Debit Cards Transactions 2012-2017
Table 75 Debit Cards in Circulation: % Growth 2012-2017
Table 76 Debit Cards Transactions: % Growth 2012-2017
Table 77 Debit Cards: Number of Cards by Issuer 2012-2016
Table 78 Debit Cards: Number of Cards by Operator 2012-2016
Table 79 Debit Cards Payment Transaction Value by Issuer 2012-2016
Table 80 Debit Cards Payment Transaction Value by Operator 2012-2016
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2017-2022
Table 82 Forecast Debit Cards Transactions 2017-2022
Table 83 Forecast Debit Cards in Circulation: % Growth 2017-2022
Table 84 Forecast Debit Cards Transactions: % Growth 2017-2022

Pre-Paid Cards in the Philippines - Category analysis

Pre-Paid Cards in the Philippines - Company Profile

HEADLINES

PROSPECTS

Closed loop continues to record strong growth in transactions

Bank-issued pre-paid lags behind non-financial companies

Positive outlook for pre-paid cards

COMPETITIVE LANDSCAPE

Beep Card’s aim to move into open loop

Digitalisation gains momentum

GCash further improves services

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2012-2017
Table 86 Pre-paid Cards Transactions 2012-2017
Table 87 Pre-paid Cards in Circulation: % Growth 2012-2017
Table 88 Pre-paid Cards Transactions: % Growth 2012-2017
Table 89 Closed Loop Pre-paid Cards Transactions 2012-2017
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 91 Open Loop Pre-paid Cards Transactions 2012-2017
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 93 Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 94 Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 95 Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 96 Pre-paid Cards Transaction Value by Operator 2012-2016
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 106 Forecast Pre-paid Cards Transactions 2017-2022
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2017-2022
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2017-2022
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2017-2022
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2017-2022
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2017-2022

Store Cards in the Philippines - Category analysis

Store Cards in the Philippines - Company Profile

PROSPECTS

Financial Cards and Payments in the Philippines - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments landscape in the Philippines is changing

Tech-savvy Filipinos ready to embrace digital payments

Credit card issuers face increasing competition

Fintech gains growing awareness to help the underserved

Government is pushing financial inclusion through alternative digital systems

MARKET INDICATORS

Table 113 Number of POS Terminals: Units 2012-2017
Table 114 Number of ATMs: Units 2012-2017
Table 115 Value Lost to Fraud 2012-2017
Table 116 Card Expenditure by Location 2017
Table 117 Financial Cards in Circulation by Type: % Number of Cards 2012-2017
Table 118 Domestic versus Foreign Spend 2017

MARKET DATA

Table 119 Financial Cards by Category: Number of Cards in Circulation 2012-2017
Table 120 Financial Cards by Category: Number of Accounts 2012-2017
Table 121 Financial Cards Transactions by Category: Value 2012-2017
Table 122 Financial Cards by Category: Number of Transactions 2012-2017
Table 123 Consumer Payments by Category: Value 2012-2017
Table 124 Consumer Payments by Category: Number of Transactions 2012-2017
Table 125 M-Commerce by Category: Value 2013-2017
Table 126 M-Commerce by Category: % Value Growth 2013-2017
Table 127 Financial Cards: Number of Cards by Issuer 2012-2016
Table 128 Financial Cards: Number of Cards by Operator 2012-2016
Table 129 Financial Cards: Card Payment Transactions Value by Operator 2012-2016
Table 130 Financial Cards: Card Payment Transactions Value by Issuer 2012-2016
Table 131 Forecast Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 132 Forecast Financial Cards by Category: Number of Accounts 2017-2022
Table 133 Forecast Financial Cards Transactions by Category: Value 2017-2022
Table 134 Forecast Financial Cards by Category: Number of Transactions 2017-2022
Table 135 Forecast Consumer Payments by Category: Value 2017-2022
Table 136 Forecast Consumer Payments by Category: Number of Transactions 2017-2022
Table 137 Forecast M-Commerce by Category: Value 2017-2022
Table 138 Forecast M-Commerce by Category: % Value Growth 2017-2022

Megatrends

Country Report

Debit Cards in the Philippines

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Improving economy sustains growth of debit cards

Greater awareness would further boost uptake of debit cards

Banks must reassure consumers regarding future security

COMPETITIVE LANDSCAPE

State-owned bank continues to be leading issuer

BDO continues its expansion

Growth of deposit accounts key to category’s future development

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in the Philippines - Category analysis

Charge Cards in the Philippines - Company Profile

HEADLINES

PROSPECTS

Lack of popularity does not support further growth of charge cards

Charge cards offer limited usage

Stagnation and decline predicted

COMPETITIVE LANDSCAPE

BDO the only issuer of charge cards

CATEGORY DATA

Credit Cards in the Philippines - Category analysis

Credit Cards in the Philippines - Company Profile

HEADLINES

PROSPECTS

Credit card transactions record slowest growth of review period

Credit cards face intense competition

Regulations inhibit growth of credit cards

COMPETITIVE LANDSCAPE

BDO remains the leading issuer of credit cards

Less complicated application procedures will encourage consumers

Fintech companies offer competition to issuers

CATEGORY DATA

Debit Cards in the Philippines - Category analysis

Debit Cards in the Philippines - Company Profile

HEADLINES

PROSPECTS

Improving economy sustains growth of debit cards

Greater awareness would further boost uptake of debit cards

Banks must reassure consumers regarding future security

COMPETITIVE LANDSCAPE

State-owned bank continues to be leading issuer

BDO continues its expansion

Growth of deposit accounts key to category’s future development

CATEGORY DATA

Pre-Paid Cards in the Philippines - Category analysis

Pre-Paid Cards in the Philippines - Company Profile

HEADLINES

PROSPECTS

Closed loop continues to record strong growth in transactions

Bank-issued pre-paid lags behind non-financial companies

Positive outlook for pre-paid cards

COMPETITIVE LANDSCAPE

Beep Card’s aim to move into open loop

Digitalisation gains momentum

GCash further improves services

CATEGORY DATA

Store Cards in the Philippines - Category analysis

Store Cards in the Philippines - Company Profile

PROSPECTS

Financial Cards and Payments in the Philippines - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments landscape in the Philippines is changing

Tech-savvy Filipinos ready to embrace digital payments

Credit card issuers face increasing competition

Fintech gains growing awareness to help the underserved

Government is pushing financial inclusion through alternative digital systems

MARKET INDICATORS

MARKET DATA

SOURCES

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