- Mauritius: The credit cards market is a profitable one, with pre-tax profits for all of the years under review. Lafferty estimates that industry-wide profits in 2016 will reach $22 million.
- Saudi Arabia: As part of an initiative to reduce the kingdom's dependence on oil, the government and central bank are exploring the possibility of easing restrictions on foreign banking operations.
- Puerto Rico: The domestic card scheme, ATH, has strengthened its leading position in the debit cards market in recent years — despite competition from Visa and Mastercard.
- South Korea: Issuers may renew their focus on credit card lending in the face of reduced fee revenue. With delinquency rates on credit card loans currently low, there is potential to increase risk profiles.
AT A GLANCE
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Established in 1981 by the company founder and executive chairman, Michael Lafferty, Lafferty Group has continued to be the leading global specialist provider of industry research and thought leadership for the retail banking and consumer financial services industry for over three decades.
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