Increasing Non Cash Payments Driving Vietnam Plastic Card Market

The number of bank cards in Vietnam is projected to grow at a CAGR of 15.6% during 2012-2015, says RNCOS in its latest research report.

Noida, India (prHWY.com) January 22, 2013 - Over the past few years, Vietnam plastic card market is witnessing considerable growth. Non cash payments are increasing rapidly in the country due to a shift of consumers towards electronic payments. The quality of electronic payment instruments are improving with the advanced technical infrastructure. In addition, the government is also thrusting efforts towards promoting the non-cash payments in the country. Recently, the government of Vietnam launched a project to restrict the share of cash in the total money supply to below 11% by the end of 2015. Further, rising number of bank cards, development of infrastructure, and advance technology is also projected to propel the usage of non-cash payments in the country. Therefore, taking into consideration all the factors, it is anticipated that the total number of bank cards in Vietnam will grow at a CAGR of 15.6% during 2012-2015.

According to our research report, "Vietnam Plastic Card Market Forecast to 2015", bank cards like debit and credit cards are gaining huge popularity in the country. The number of bank cards is increasing continuously on the back of increasing disposable income and rising consumer awareness. In addition, growing number of ATMs and POS terminals is also propelling the growth of the industry. Moreover, our report covers the detailed analysis of payment card industry of the country including debit cards, credit cards & pre-paid cards. It also includes the study on the store cards & club cards.

Our report also provides an in-depth analysis of the card usage channels including ATMs and POS terminals along with the card expenditure by category like clothing & footwear, travel & transport, etc. The future outlook of the industry along with the macroeconomic factors prevailing in the country have also been included in the report. Information about the top ATMs card issuers in the country along with the card manufactures are also offered here.

Our report, "Vietnam Plastic Card Market Forecast to 2015", is the outcome of extensive research and objective analysis of the plastic card market in the country. It covers a comprehensive analysis of the key market players including their recent developments and future strategies. In addition, we also covered the detailed analysis of the emerging market trends along with the technological advancements to portray a clear picture of the industry to investors or players who are planning to enter the market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM464.htm

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About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: vietnam plastic card

Categories: Banking

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