PROSPECTS AND OPPORTUNITIES
Visa’s focus on touch payments
One company supporting the growth of branded debit is Visa, which is focusing on contactless payments. Visa Worldwide Japan is dedicated to promoting cashless payments, particularly Visa’s contactless payment and mobile contactless payment.
The spread of virtual debit cards
Virtual debit cards, which do not require a physical card, are also becoming widespread, and this is set to continue. For instance, Fukuoka Financial Group launched the digital bank Minna Bank in 2021, which does not issue any physical cards.
The strong emergence of Olive
In 2023, a potential game-changer in personal financial services was launched: Olive by Sumitomo Mitsui Financial Group. Olive is a service that showcases the comprehensive capabilities of Sumitomo Mitsui Financial Group.
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Overview:
Understand the latest market trends and future growth opportunities for the Debit Card Transactions industry in Japan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Debit Card Transactions industry in Japan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Debit Card Transactions in Japan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Debit Card Transactions in Japan?
- What are the major trends key to understanding Debit Card Transactions in Japan?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Credit Cards in Japan - Category analysis
Credit Cards in Japan - Company Profile
KEY DATA FINDINGS
The momentum of commercial credit cards continues
Expansion of credit card use on the railways
Initiatives to promote contactless or mobile payment by credit card
Olive’s rapid progress set to continue
Surfing the tide of digitalisation
Credit cards will be the key driver towards a cashless society
Debit Cards in Japan - Category analysis
Debit Cards in Japan - Company Profile
KEY DATA FINDINGS
Two types of debit cards in Japan, with branded debit becoming more popular due to its greater flexibility
Increase in debit cards as they prevent overspending and are easy to obtain
iPhone as a debit card contactless payment checkout device
Visa’s focus on touch payments
The spread of virtual debit cards
The strong emergence of Olive
Pre-Paid Cards in Japan - Category analysis
Pre-Paid Cards in Japan - Company Profile
KEY DATA FINDINGS
JR East aims to strengthen customer loyalty
Sales suspension of Suica and PASMO lifted
Tosho Cards and Quo Cards popular in merchant issued gift cards
Expansion of use of contactless credit cards expected on trains
Pre-paid cards could promote financial inclusion amongst older people
Pre-paid cards offer control over personal finances
Store Cards in Japan - Category analysis
Store Cards in Japan - Company Profile
KEY DATA FINDINGS
Many affluent consumers still value Gaisho cards
Gaisho cards are converting to co-branded credit cards
Modernising Gaisho cards
Number of affluent consumers set to increase in Japan
Premium credit cards will also be a threat
Emphasising emotional loyalty to retain consumers
Financial Cards and Payments in Japan - Industry Overview
Financial cards and payments in 2024: The big picture
2024 key trends
The changing face of Gaisho cards
Competitive landscape
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Debit Card Transactions
- Commercial Debit Card Transactions
- Personal Debit Card Transactions
Debit Card Transactions
Debit cards merge the functionality of both an ATM card and direct payment from a bank account (a check substitute in some markets). A debit card allows the cardholder to receive cash and monitor account activity at an ATM machine, as well as pay for goods and services via a point-of-sale terminal. A debit card payment transaction involves the automatic withdrawal of funds from the cardholder’s demand deposit bank account (checking or giro). Since the funds are removed from a bank account, no interest is charged on payments. Payments are tracked based on the country of residence / account issuance and include outbound spend while excluding inbound spend.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Debit Card Transactions research and analysis database.
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