Depth Analysis and Insights into The Morocco Cards and Payments Market Including, Strategies Deployed & Competitive Landscape Forecast to 2021
The research report provides in
depth analysis and insights into the Morocco Cards and Payments Market
including, strategies deployed by banks to market debit and credit cards and
competitive landscape (card issuers in the country) for both debit cards and
credit cards. The study includes 4 years historical market size and 6 years
market forecast in terms of number of cards, value and volume of transactions
processed through these cards, and other key metrics. The report also provides
information on the key industry trends, major schemes, banks and detailed
segmentation of card and payment industry. The research report is a new offering
from the company’s Financial Services domain, and leveraged from the company’s
existing cards and payments database of 50+ countries.
Explore Description and Scope of
the report: https://www.psmarketresearch.com/market-analysis/morocco-cards-and-payments-market
In Morocco, the debit cards dominate the payment cards market in terms
of number of cards in circulation. Debit cards accounted for 93% of the total
number of cards in circulation in 2015. Debit cards are being used by consumers
to shop at retail outlets, withdraw cash from ATMs and make online payments.
Some of the key players in the debit cards market include Banque Centrale
Populaire (BCP),
Download
Free Sample of This Research Report: https://www.psmarketresearch.com/market-analysis/morocco-cards-and-payments-market/report-sample
Credit cards are primarily used by consumers at POS terminals for retail
purchases, rather than for cash withdrawals at ATMs. Credit card turnover
witnessed a CAGR of 5.6%, growing from MAD 7,061.2 in 2012 to MAD 8,310.4 in
2015. The number of charge cards in circulation increased at a CAGR of 7.2%
during the period 2012-2015. Over the period 2016-2021, the charge card in
circulation is expected to increase at a CAGR of 5.6%.
Make
Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=morocco-cards-and-payments-market
In October 2015, Morocco’s Centre Monétique Interbancaire and MasterCard
announced the launch of contactless payment. “While 85% of transactions are
still made in cash, contactless payments will have to gain ground in the
purchasing transactions, we aspire to have a world without cash and societies
financially inclusive. We will draw upon our technology to achieve this vision.
With the launching of contactless carts in Morocco, we are entering a new phase
in our fight against cash and informal transactions” said the director general
of Master Card in North Africa, Mohamed Benomar.
Contact:
Mr. Kundan Kumar
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +18887787886
(USA/Canada)
Email: enquiry@psmarketresearch.com
Comments
Post a Comment