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JSB Market Research: Venezuelas Cards and Payments Industry

Venezuela is one of the founding members of Organization of the Petroleum Exporting Countries (OPEC) and is one of the world’s biggest exporters of crude oil. The global crisis severely affected the Venezuelan economy, with the GDP growth contracting to reach -3.20% in 2009. For More Information Visit: http://goo.gl/W0xE5f

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JSB Market Research: Venezuelas Cards and Payments Industry

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  1. JSB Market Research: Venezuela's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape f To buy this Report Visit http://www.jsbmarketresearch.com

  2. Summary: Venezuela is one of the founding members of Organization of the Petroleum Exporting Countries (OPEC) and is one of the world’s biggest exporters of crude oil. The global crisis severely affected the Venezuelan economy, with the GDP growth contracting to reach -3.20% in 2009. Since early 2013, the country has faced food shortages, high inflation, and pressures on fixed currency exchange regulations. In a bid to revive the economy, the government is attempting to tackle problems in the core areas such the supply of goods, import of food staples, labor, and international travel. f

  3. Key Highlights: • The Venezuelan card payments channel grew in value and volume terms during the review period (2009–2013). The channel grew from 24.7 million cards in circulation in 2009 to 34.6 million in 2013, at a compound annual growth rate (CAGR) of 8.77% and is anticipated to further post a CAGR of 6.74% over the forecast period, to reach 49.1 million in 2018. In terms of transaction value, the card payments channel grew VEF189.5 billion (US$88.3 billion) in 2009 to VEF845.3 billion (US$138.2 billion) in 2013, at a review-period CAGR of 45.32% and is anticipated to post a forecast-period CAGR of 21.50%, to reach to VEF2.5 trillion (US$139 billion) in 2018. • Many factors supported the review-period growth, such as an increase in per capita income, payment infrastructure modernization, growth in retail, e-commerce and tourism industries. Venezuela’s government’s decision to offer social benefits to senior citizens through banks supported the growth of the debit cards category, while growing demand for credit among middle-income consumers following the economic crisis benefitted the credit cards category. • To know more about this report click here – • http://www.jsbmarketresearch.com/finance-banking/r-Venezuelas-Cards-and-Payments-Industry-Emerging-Opportunities-124382 f

  4. Table of Contents: Venezuela's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape Business Drivers Growth in the retail industry Growth in e-commerce Growing number of POS terminals f

  5. Related Market Research Report • Employee Benefits in Finland • Unsecured Loans to Business in the UK - Key Trends and Opportunities up to 2018 • Zambias Mining Fiscal Regime: H1 2014 • Prepaid Card Market Size and Forecast in Vietnam to 2018: Market Profile • Employee Benefits in the Czech Republic f

  6. About JSB Market Research JSB Market Research is an online repository of an extensive collection of market research reports available online. This online portal contains high-quality reports with well-researched and high-quality content on a wide range of industries. These market research reportshelp us give a detailed insight into new opportunities in the industry, prevailing market trends, competitor analysis and future prospects. JSB’s reports are developed by the domain experts and publishers under a closely observed surveillance of industry specialists. Therefore, the researched data is well researched, well- organized and matching up to the best standards in the industry. Also JSB’s database consists of detailed insights of the leading players in the global market, products and trends. f

  7. Contact Us Support & General Inquiries Mail :support@jsbmarketresearch.com | +91 - 998 729 5242 Billing Support Mail :billing@jsbmarketresearch.com | +91 22 412 366 50 Website:-http://www.jsbmarketresearch.com Support & General Inquiries Mail :support@jsbmarketresearch.com | +91 - 998 729 5242 Billing Support Mail :billing@jsbmarketresearch.com | +91 22 412 366 50 Website:-http://www.jsbmarketresearch.com f

  8. PRICE CHART Report Name: Venezuela's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape Product Price : Click Here To View OR Purchase Report: f

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