Cards and Payments Throughout Europe

NEW YORK, May 24, 2012  /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Cards and Payments Throughout Europe

http://www.reportlinker.com/p0867531/Cards-and-Payments-Throughout-Europe.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Credit_Card

Synopsis

• More people across Europe are using their debit cards to live within their means rather than borrowing to fund their lifestyles. The debit card is becoming the payment method of choice throughout Europe

• This VRL report investigates cards and payments throughout the key economies in Europe

• It provides analysis of the main market trends in the UK, Germany, Spain, France, Italy, Ireland, Greece and Portugal

• It examines the impact of Europe-wide initiatives that are impacting on the financial services sector

Summary

There is a war on cash in Europe. Used for 6 out of 7 payment transactions in Europe, cash is disliked by governments and financial services organisations alike as it is expensive to manufacture, administer and keep secure. Cash is also the currency of the black economy in Europe and costs governments billions in unpaid taxes alone. This is a particular problem in some of the economically-troubled southern European countries. In Greece, Italy and Spain, for example, tax evasion is estimated to amount to 30%, 25% and 20% of the overall economy, respectively. As these countries and others in Europe attempt to clear budget deficits, governments will be keen for consumers to migrate towards more formal and traceable payments systems such as cards, credit transfers and direct debits. Cash tends to be a more popular payment method in southern European countries, where it accounts for more than 70% of retail sales payments. In the majority of northern European countries, non-cash payments account for the majority of retail sales transactions, with 30% or less being made using cash.

Scope

• This report provides an analysis of the cards and payments systems of key countries within the proposed SEPA area, with a particular focus on the main markets in Western Europe

• It also provides an assessment of the progress that different types of payment cards have made in light of the progress to full European EMV implementation

• The progress that contactless payments are making on the European payments market is also considered

• Likewise the growth of e-commerce in the region

Reasons To Buy

• There is scope for replacing the reliance on cash and cheques by encouraging the update and use of plastic cards, electronic transfers and new innovations in payments• Consider why it is that stakeholders in financial systems (including governments and financial service organisations) are keen to migrate consumers from the use of cash to more formal and traceable payment methods• Find out about the trials involving contactless cards and mobile handsets in Spain, Italy and the UK• Compare the popularity of various payment methods throughout Europe and realise just how fragmented the market has become

Key Highlights

• There is a war on cash in Europe, which is used for 6 out of 7 payment transactions

• European consumers hold an average of 1.5 cards each, and the latest data suggests that the number of payment cards in circulation is stable

• The European payments market is fragmented and complex, with 9,900 monetary financial institutions, just under 8,000 of which operate in the Euro area

• New product innovations such as contactless cards have not yet started to make an impact on low value cash payments across Europe

Companies Mentioned

Visa

Paypal

Barclaycard

Vodafone

Raiffeissen Bank

Credit Agricole

Credit Mutuel-CIC

Prepaid Card Services Ltd

Table of ContentsExecutive SummaryList of FiguresList of Tables1 Introduction to Cards and Payments in Europe1.1 Non-cash payments in Europe1.2 Cash is still king in Europe1.3 Progress towards SEPA is off target1.4 Noticeable Efforts - but SEPA'S implementation is far from finished1.5 SEPA Compliant transfers still lack depth1.6 Banks and corporate initiatives to migrate to SEPA 1.7 Size and complexity of the European financial sector1.8 Interchange fees differ by European country1.9 Contactless payments – the rhetoric and the reality1.10 Debit cards are reducing the share of other payment methods in some markets1.11 Consumer confidence is inhibiting consumer spending on cards1.12 Low consumer confidence will affect spending on cards1.13 E Commerce and the growth of new payment systems1.14 PayPal and Payfair are growing their market share1.15 Non-traditional challengers are beginning to emerge in the European payments market1.16 EMV migration has reduced the value of fraud losses1.17 Summary2 Making inroads into cash reduction in the US2.1 Cards account for over half of non-cash payments in the UK2.2 The decline of cash2.3 The proportion of banked consumers is at an all-time high in the UK2.4 Debit cards are growing at the expense of cash, cheques and credit cards2.5 Credit cards take a hit as consumers consolidate cards2.6 Charge card volumes have remained flat for a decade2.7 POS and ATM transactions reflect UK market trends2.8 UK banks cancel 2018 cheque phasing deadline2.9 Contactless payments are growing2.10 Contactless payments trials and roll-outs2.11 Barclaycard converts UK corporate cards portfolio into contactless cards2.12 Interchange fees have been lowered to encourage merchant participation2.13 Mobile devices will become the new wallet2.14 Summary3 Cash is still king in Germany3.1 Debit cards dominate the German cards market3.2 Zentraler Kreditausschuss (ZKA) Scheme3.3 Credit cards are unpopular with German consumers3.4 Charge cards have become increasingly popular in Germany3.5 Prepaid Credit Cards in Germany3.6 Key issuers in Germany3.7 Landesbank Berlin3.8 Barclaycard Germany3.9 Crédit Mutuel-CIC, Targobank3.10 Visa interchange fees for selected Germany payment methods3.11 Contactless payments in Germany3.12 Contactless prepaid card pilot3.13 Contactless mobile travel in Germany3.14 German consumers want the banks to manage mobile payments3.15 Convenience payments dominate mobile payment preferences in Germany3.16 PayWave and PayPass in Germany3.17 Over half of German consumers bank online3.18 Mobile banking is yet to gain popularity in Germany3.19 Summary4 The war on cash in Italy4.1 Prepaid cards in Italy4.2 Contactless payments in Italy4.3 Vodafone, CartaSi launches prepaid contactless card4.4 Contactless payments trials are Milan-centric4.5 Transport paves the way for NFC payments4.6 Plastic cards in Italy4.7 Debit cards provide an opportunity for cash replacement in Italy4.8 Credit cards in Italy4.9 POS and ATM terminals4.10 Overall lending is down from previous years4.11 Tighter lending criteria provide opportunities for organised crime4.12 Progress towards EMV migration in Italy4.13 Internet banking has room for significant growth4.14 Visa interchange fees for selected Italy payment methods4.15 Summary5 Cards and Payments in France5.1 Plastic cards in France5.2 Debit cards continue to show steady growth5.3 Credit cards have also seen slight growth5.4 Interchange fees by payment method5.5 Launch of the MasterCard Display Card in France5.6 Charge cards in France5.7 Crédit Agricole rolls out contactless cards in France5.8 Morpho partners with Moneo to launch contactless card in France5.9 Crédit Agricole launches kwixo payments service5.10 Visa launched contactless pilot in Strasbourg5.11Prepaid cards: the PCS MasterCard5.12 Cheques are in decline but still significant in France5.13 Summary6 Spain6.1 Contactless payments in Spain6.2 Contactless mobile payments – the Siteges experience6.3 Definition of the economic model for contactless payments is required6.4 Debit cards decline in volume6.5 Room for growth in Credit cards6.6 BBVA – increasing cardholder value through consumer focus and product rationalisation6.7 BBVA consumers want simplicity and security6.8 Rationalisation of the product portfolio to meet consumer needs6.9 Internet banking in Spain6.10Telefónica partners with RIM to launch mobile wallet in Spain6.11 Issuers6.12 Extensive ATM network6.13 Summary7 The need for product innovation in smaller european countries7.1 Cards are the non-cash payment method of choice in Portugal7.2 Portuguese consumers favour pay now cards in times of austerity7.3 Debit cards dominate the Portuguese cards market7.4 Interchange fees in Portugal7.5 Cash still dominates the Greek payments market7.6 Debit card volumes significantly outstrip credit cards7.7 Contactless payments – a long way off for Greek consumers7.8 Interchange fees in Greece7.9 Internet banking has not yet gained momentum in Greece7.10 Non-cash payment growth will be concentrated in the conurbations in Ireland7.11Debit cards are increasingly popular in Ireland7.12 Prepaid cards offer a growth opportunity in Ireland7.13 Interchange fees in Ireland7.14 Contactless payments in Ireland7.15 Poland7.16 Debit cards dominates the Poland market7.17 First Data supports Raiffeisen Bank with the implementation of contactless card programme7.18 Visa interchange fees in Poland 20127.19 Bulgaria7.20 Debit cards accounts for 86% of total card market in Bulgaria7.21Interchange fees by payment method7.22 Summary8 Cards and payments in Europe - Conclusions8.1 Cash reduction is a key objective in most European countries8.2 The decline of credit cards in Europe8.3 The decline of cheques throughout Europe8.4 Contactless cards are a long way off mass market adoption8.5 Mobile wallets are even further from mass adoption than cards8.6 Payment innovations will enable access to new market segments8.7 The development of SEPA will continue to raise challenges8.8 SummaryList of TablesTable 1: Cards and payments in EuropeTable 2: Card Payments in the EU (2010) Table 3: Visa Europe interchange fees for consumer payments 2012Table 4: Number and Value of transactions –Debit cardsTable 5: Number and Value of transactions –Credit cardsTable 6: Number and Value of transactions – Charge cardsTable 7: Growth in number of transactionsTable 8: Visa interchange fees for selected UK payment methodsTable 9: Proportion of non-cash payments (in volume) in GermanyTable 10: Number and Value of transactions – Credit cardsTable 11: Number and Value of transactions –Charge cardsTable 12: Visa interchange fees in Germany 2012Table 13: Proportion of non-cash payments (in volume) by payment type in ItalyTable 14: Number and Value of transactions –Debit cardsTable 15: Number and Value of transactions – Credit cardsTable 16: Number and Value of transactions – Credit cardsTable 17: Visa interchange fees in Italy 2012Table 18: Proportion of non-cash payments (in volume) by payment type in ItalyTable 19: Visa interchange fees in France 2012Table 20: MasterCard Maestro interchange fees in France 2012Table 21: Number and Value of transactions – Debit cardsTable 22: Proportion of non-cash payments (in volume) by payment type in PortugalTable 23: Visa interchange fees in Portugal 2012Table 24: Proportion of non-cash payments (in volume) by payment type in GreeceTable 25: Visa interchange fees in Greece 2012Table 26: Proportion of non-cash payments (in volume) by payment type in IrelandTable 27: Visa interchange fees in Ireland 2012Table 28: Visa interchange fees in Poland 2012Table 29: Visa interchange fees in Bulgaria 2012Table 30: Corruption index for selected European countriesTable 31: UK sub-prime lending products

List of Figures

Figure 1: Payment trends across the European Union

Figure 2: Cross border comparison by number of debit cards

Figure 3: Cross border comparison by number of credit cards

Figure 4: Number of MFIs by country in the EU

Figure 5: Consumer confidence across Europe, Q4 2011

Figure 6: PayPal growth in Europe 2011 – 2017

Figure 7: Deployment of EMV cards in Europe

Figure 8: Proportion of non-cash payments (by volume) by payment type in the UK

Figure 9: UK payment trends

Figure 10: Debit cards in the UK

Figure 11: Credit cards in the UK

Figure 12: Charge card volumes in the UK

Figure 13: Number of ATMs and POS terminals in the UK (2006 – 2010)

Figure 14: Debit cards in Germany (2007 – 2010)

Figure 15: Credit cards in Germany

Figure 16: Charge card in Germany

Figure 17: Internet banking and usage in Germany 2010

Figure 18: Smart phones by EU country (in '000)

Figure 19: Vodafone Smart Pass

Figure 20: Debit cards in Italy

Figure 21: Credit cards in Italy

Figure 22: Credit card - Volume of transactions in Italy

Figure 23: Number of POS and ATM terminals in Italy

Figure 24: Debit cards in France

Figure 25: Credit cards in France

Figure 26: MasterCard OTP cards

Figure 27: Charge cards in France

Figure 28: Proportion of non cash payments in 2010 - Spain

Figure 29: Debit card volumes in Spain

Figure 30: Credit cards in Spain

Figure 31: The growth of Internet banking in Spain

Figure 32: Payment card trends in Portugal 2006 – 2010

Figure 33: Payment cards in Greece

Figure 34: Debit and credit card volumes in Ireland

Figure 35: Debit, credit and Charge card volumes in Poland

Figure 36: Debit and credit card volumes in Bulgaria

To order this report:Credit Card Industry: Cards and Payments Throughout Europe

More  Market Research Report

Check our  Industry Analysis and Insights

Nicolas Bombourg
Reportlinker
Email: [email protected]
US: (805)652-2626
Intl: +1 805-652-2626

SOURCE Reportlinker

21%

more press release views with 

Request a Demo