The Cards and Payments Industry in Nigeria: Emerging Trends and Opportunities to 2019: KenResearch.com REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Timetric’s ‘The Cards and Payments Industry in Nigeria: Emerging Trends and Opportunities to 2019’ report provides detailed analysis of market trends in Nigeria’s cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, check payments and payment cards, during the review period (2010-2014). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015-2019). It also offers information on the country’s competitive landscape, including market shares of issuers and schemes. The report brings together Timetric’s 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. Timetric’s ‘The Cards and Payments Industry in Nigeria: Emerging Trends and Opportunities to 2019’ report provides top-level market analysis, information and insights into Nigeria’s cards and payments industry, including: Current and forecast values for each market in Nigeria’s cards and payments industry, including debit and credit cards. Detailed insights into payment instruments including credit transfers, payment cards and checks. It also, includes an overview of the country’s key alternative payment instruments. E-commerce market analysis. Analysis of various market drivers and regulations governing Nigeria’a cards and payments industry. Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards. Comprehensive analysis of consumer attitudes and buying preferences for cards. The competitive landscape of Nigeria’s cards and payments industry. Scope This report provides a comprehensive analysis of Nigeria’s cards and payments industry. It provides current values for Nigeria’s cards and payments industry for 2014, and forecast figures to 2019. It details the different demographic, economic, infrastructural and business drivers affecting Nigeria’s cards and payments industry. It outlines the current regulatory framework in the industry. It details marketing strategies used by various banks and other institutions. Reasons To Buy Make strategic business decisions, using top-level historic and forecast market data, related to Nigeria’s cards and payments industry and each market within it. Understand the key market trends and growth opportunities in Nigeria’s cards and payments industry. Assess the competitive dynamics in Nigeria’s cards and payments industry. Gain insights into marketing strategies used for various card types in Nigeria. Gain insights into key regulations governing Nigeria’s cards and payments industry. Key Highlights To limit the foreign exchange outflow from the country, in December 2015 the Central Bank of Nigeria (CBN) imposed a ban on the use of debit and credit cards abroad, and on transactions in foreign currencies. This prevented Nigerian customers from using cards to make purchases from overseas retailers, or from foreign e-commerce sites. However, following a severe consumer backlash, the ban was partially revoked in January 2016, with banks enabling consumers to use foreign exchange services with limits on transaction values. In January 2016, for instance, GTBank permitted customers to transfer foreign currency via online banking, its mobile app, or at any branch nationwide, subject to a daily limit of USD10,000 (NGN1.7 million). Similar restrictions were imposed by other banks, such as First Bank of Nigeria and Sterling Bank. This restriction is anticipated to slow payment card transaction volumes and values. Following government measures to curb cash transactions and promote electronic payments, the CBN reduced the daily cash withdrawal limit from USD908.4 (NGN150,000) to USD363.4 (NGN60,000) from August 2015. Previously, the CBN imposed a surcharge of USD0.4 (NGN65) from fourth withdrawals from non-base-bank ATMs from September 2014. Enforcement of these regulations supports the government’s policy of making Nigeria a cashless society. Contactless technology is gaining prominence in Nigeria. In May 2015, six banks-UBA, Access Bank, First Bank, Zenith Bank, Skye Bank and Diamond Bank-signed an agreement with payment solution provider Unified Payments to launch PayAttitude, to promote contactless payments in Nigeria. PayAttitude is a near-field technology (NFC)-enabled tag-based mobile payment solution that works with contactless POS terminals. UBA introduced debit cards in Nigeria in November 2015 enabled with NFC technology for use at contactless POS and ATM terminals. Source:https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/cards-payments-industry-nigeria/21087-93.html