Showing posts with label cards and payments. Show all posts
Showing posts with label cards and payments. Show all posts

Wednesday, 19 August 2015

Wednesday, 1 October 2014

Ireland's Cards and Payments Industry: Emerging Opportunities

Ireland's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape examines the increase in debit card usage is due to the switching of payment methods for goods and services, from checks to debit cards.





The increase in debit card usage is due to the switching of payment methods for goods and services, from checks to debit cards. The National Payments Plan initiative in 2013, e-Day, will further encourage the use of debit cards over checks. This will encourage small and medium-sized enterprises (SMEs), which accounted for 60% of Ireland’s total check usage to use debit cards. Furthermore, rising credit card debt shifted consumer’s preference towards debt-free financial products, and supported the growth of debit cards.


Highlights


Improvements to banking infrastructure such as the increased installation of point-of-sale (POS) terminals in merchant outlets drove the growth. In terms of transaction value, payment cards valued EUR49.1 billion (US$65.1 billion) in 2013, after registering a review-period CAGR of -0.22%. However, it is expected to expand over the forecast period (2014–2018), at a CAGR of just over 3%. 

In terms of transaction value, debit cards accounted for just fewer than 78% share in 2013, which is expected to rise further over the forecast period.

The banking sector transformed and adopted new technologies during the review period, which helped enhance customer experience by simplifying and speeding up many banking activities. Allied Irish Banks (AIB) took a vital step via its Learn About Banking (LAB) store. LAB is a high-street learning and research store which enables customers to understand the benefits of new banking technology. It collects feedback from users to understand their preferences and improve the service.





Related Reports









Wednesday, 24 September 2014

Switzerland's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

The Swiss economy is prosperous, with low unemployment and a highly skilled workforce




The Swiss payment cards grew in value and volume terms during the review period (2009–2013). In terms of transaction value, payment cards grew from CHF111.3 billion (US$102 billion) in 2009 to CHF126.7 billion (US$136 billion) in 2013, at a review-period compound annual growth rate (CAGR) of just over 3%, and is anticipated to post a forecast-period (2014–2018) CAGR of just less than 3% to reach to CHF146 billion (US$161 billion) in 2018.

In terms of the number of cards in circulation, payment cards grew from over 16 million in 2009 to  just over 20  million in 2013, at a CAGR of over  5%, and are anticipated to post a forecast-period CAGR of just over 3% to reach just less than 30 million in 2018.


Report Highlights

Switzerland's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape provides top-level market analysis, information and insights into Switzerland's cards and payments industry, including:

Several mobile payments (m-payments) solutions were promoted in the country during the review period. Some charge amounts to mobile phone bills, while others are linked to bank accounts or credit cards. Post Finance offers an m-payment solution that is connected to the customer’s account. Currently, m-payments are used at parking facilities, vending machines and mountain cabs where there is a mobile phone reception.       

M-payments grew significantly during the review period and are anticipated to provide scope for card-based payments over the forecast period. In terms of transaction value, both the credit and charge card markets recorded CAGRs of just less than 5% and just over 4% respectively. 

In 2013, the value of credit card transactions reported at point of sale (POS) terminals was significantly greater than that reported at ATMs, representing over 94% of the total credit cards transaction value. Similarly, the charge cards transaction value reported at POS terminals was greater than that reported at ATMs, representing just a little over 95% of the total charge cards transaction value. The increasing use of credit and charge cards at POS terminals for purchases, supported by banks offering bonus programs, reward points, cash back offers and discounts at partner retailers, will further increase card transaction values over the forecast period. 

With growth in the payment cards instrument type, both in terms of the number of cards and transaction value, card fraud increased marginally at a CAGR of just less than 1% during the review period, from CHF94 million (US$86 million) in 2009 to CHF96 million (US$104 million) in 2013. Banks and Swiss authorities carry out periodic card fraud awareness campaigns and preventive measures to safeguard against card misuse.