Japanese Credit Card Market Report
This report provides a detailed look at the credit card market in Japan. In 2002, Japanese consumers purchased JPY 24.7 trillion (USD $198 Billion) worth of goods and services resulting in 2,339 million credit card transactions. There were nearly 245 million credit cards in circulation in the same year, making Japan one of the world's largest credit card markets.
Boston, MA (PRWEB) August 27, 2004 -- In 2002, Japanese consumers purchased
JPY 24.7 trillion (USD $198 Billion) worth of goods and services resulting in
2,339 million credit card transactions. There were nearly 245 million credit
cards in circulation in the same year; making Japan one of the world's largest
credit card markets.
The credit card industry has gone through a busy
M&A period recently. UFJ Bank acquired Nippon Shinpan and the merged credit
card business created Japan's second largest issuer with over 23 million
cardholders. Meanwhile, Mizuho Holdings took management control of Orient Corp.
In April of 2004, Japan lifted the ban on banks, which had prohibited them from
directly offering credit cards. While this gives Japanese banks the opportunity
to offer a more complete product mix and target the consumer segment more
effectively (where they have been less penetrated historically), it also
requires banks to tackle the issue of bad loans before starting to lend more
aggressively through credit products.
Evren Bayri, director of Mercator
Advisory Group's Credit Advisory Service comments, "In addition to the mergers
and acquisitions, there are an increasing number of partnerships happening in
the industry. These partnerships aim to improve operational effectiveness as
well as create access to different market segments."
The Mercator
Advisory Group's report provides:
1. A member overview looking at metrics on
card growth and transaction levels
2. A breakout of issuer segmentation by
type
3. Issuer profiles on seven of the lead issuers in Japan
4. An
overview of the processing environment with a look at the process flow
5. A
review of lead credit bureaus, PCIC, JIC, and CICC
This report contains
20 pages and 14 exhibits. Members of Mercator Advisory Group have access to this
report as well as the upcoming research for the year ahead, presentations,
analyst access and other membership benefits. Please visit us online at www.mercatoradvisorygroup.com
For more information call
Mercator Advisory Group's main line: 508-845-5400 or send email to e-mail
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Source : http://www.prweb.com/releases/2004/8/prweb152932.htm