Card Systems in Asia: Market Trends and Software Providers

by Hua Zhang,  KyongSun Kong, April 4, 2014
Industry Trends
Asia-Pacific

Abstract

The cards industry across most Asian markets is growing steadily, driving the need for new functionality from card management systems.

In the report Card Systems in Asia: Market Trends and Software Providers, Celent looks at card trends in nine Asian markets, and estimates IT spending on card systems. The report also profiles 13 vendors of card management systems, including nine global vendors and four regional vendors. The profiles provide an overview of the vendors’ Asian market presence as well as their products’ features, functionality, and technology.

Celent estimates that IT spending for card management systems in these nine Asian countries (Australia, China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Taiwan, and Thailand) will grow at an estimated CAGR of 6.7% to US$ 2.7 billion in 2015, from US$ 2.2 billion in 2012.

“Major IT trends include building prepaid card systems, supporting the mobile cards market, and moving to open platforms,” says Hua Zhang, Analyst with Celent’s Asian Financial Services Group and coauthor of the report. “It’s important that vendors are aware these trends.”

“APAC countries should keep a close eye on the cards business from a regulatory point of view,” adds KyongSun Kong, Analyst with Celent’s Asian Financial Services Group and coauthor of the report. “Vendors entering the Asian cards market need to consider the specific environment in each country.”

This report features a survey of Asian banks on market and technology trends in Asian cards and provides recommendations for financial institutions and vendors that are considering expanding their business in this field.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

Asia Card Market Overview

2

Growth Trends by Card Segment

4

 

Credit Cards

4

 

Debit Cards

5

 

Prepaid Cards

6

Card-Related Regulations

8

Asia-Pacific IT Spending on Card Systems

10

Card System User Trends

13

Vendor Overview

17

Global Card System Vendor Profiles

18

 

Atos Worldwide

18

 

Capgemini

19

 

CompassPlus

20

 

FIS

21

 

First Data

22

 

Hewlett-Packard

22

 

OpenWay

23

 

SunGard

24

 

TSYS

25

Regional Credit Card System Vendor Profiles

27

 

ElectraCard Services

27

 

HPS

28

 

Silverlake Axis

29

 

CUP Data

30

Vendor Comparison Tables

31

 

Global Players

31

 

Regional Players

32

Conclusion

34

 

Advice to Financial Institutions

34

 

Advice to Vendors

34

Leveraging Celent’s Expertise

36

 

Support for Financial Institutions

36

 

Support for Vendors

36

Related Celent Research

37

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