In terms of the number of cards in circulation, Chile's card payments channel grew at a compound annual growth rate (CAGR) of 15.80% during the review period (2008--2012). The channel is expected to grow at a CAGR of 7.16% over the forecast period (2013--2017). The prepaid card category, which is expected to occupy 33.2% of the overall card payments channel by 2017 in terms of volume of cards, is expected to have the highest growth potential with a CAGR of 10.83%. The debit card category is also expected to grow positively at a forecast-period CAGR of 5.67%. CuentaRut accounts are expected to foster positive growth in the debit card category over the forecast period. CuentaRut, issued by BancoEstado, is a scheme that provides bank accounts to all Chileans. In 2012, BancoEstado recorded 5.3 million CuentaRut account holders, equal to 30.5% of the Chilean population. The growth of closed-loop prepaid cards is expected to be a major driver of growth in the prepaid card category. Closed-loop prepaid cards include gift cards and prepaid store cards issued by retail outlets. Closed-loop prepaid store cards are used by customers to make regular retail purchases, and are therefore expected to contribute to the growth of the transaction value of the overall prepaid category. The value of closed-loop cards grew from CLP1.1 trillion (US$2.1 billion) in 2008 to CLP3.0 trillion (US$6.4 billion) in 2012, at a review-period CAGR of 26.99%. Large-scale retail outlets and department stores are using social commerce platforms to expand their cards businesses. Outlets such as Jumbo Cencosud issue gift cards that can be used for online purchases through Facebook accounts. Request Sample copy of this report http://www.rnrmarketresearch.com/contacts/request-sample?rname=143390 . Scope  This report provides a comprehensive analysis of Chile's cards and payments industry.  It provides the current value for Chile's cards and payments industry for 2012, and forecast figures for 2017.  It details the different economic, infrastructural and business drivers affecting Chile's cards and payments industry.  It outlines the current regulatory framework in the industry.  It details the marketing strategies used by various banks and other institutions.  It profiles the major banks in Chile's cards and payments industry. Complete report is available http://www.rnrmarketresearch.com/chiles-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape-market-report.html . Read more on "Chile's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape" report below.

• published: 12 Feb 2014
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