Cards and Payments Throughout Europe

Published: April 2012
No. of Pages: 78
    ReportsandReports

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

Published By: Timetric
Product Code: Timetric2620


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • High Net Worth trends in China 2016

    Synopsis This report provides projections of the volume and wealth of China HNWIs. This includes demographic trends (2011-2015) and findings of the proprietary Wealth Insight HNWI Database. Summary This report is the result of Wealt...

  • The Cards and Payments Industry in Denmark: Emerging Trends and Opportunities to 2021

    Synopsis Timetric's 'The Cards and Payments Industry in Denmark: Emerging Trends and Opportunities to 2021' report provides detailed analysis of market trends in the Danish cards and payments industry. It provides values and volumes for a number of ...

  • Challenges and Opportunities for the Wealth Sector in China 2016

    Synopsis This report is a thorough analysis of China Wealth Management and Private Banking sector, and the opportunities and challenges that it faces. Summary This report is the result of WealthInsight's extensive research covering ...

  • HNWI Asset Allocation in China 2016

    Synopsis This report provides the latest asset allocations of China HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of China HNWIs to 2020 and a comprehensive and robust background of t...

  • Retail Banking Country Snapshot: Malaysia 2016

    Summary Malaysia is a mature market, albeit still developing in many aspects. Our research shows that the country's consumers are very similar to those in developed nations in terms of embracing the convenience brought to banking through digital plat...

  • Consumer Payments Country Snapshot: New Zealand 2016

    Summary The New Zealand market is small, and less densely populated outside of Auckland, making it challenging to service. It is thus essential that digital channels form the basis of issuers' strategies. At the core of the payment market is consumer...

  • United States P2P Lending Market Report 2016

    Notes: Sales, means the sales volume of P2P Lending Revenue, means the sales value of P2P Lending This report studies sales (consumption) of P2P Lending in United States market, focuses on the top players, with sales, price, revenue and market s...

  • Global ATM Machine Market Research Report 2016

    Notes: Production, means the output of ATM Machine Revenue, means the sales value of ATM Machine This report studies ATM Machine in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufa...

  • Consumer Payments Country Snapshot: France 2016

    Summary The French consumer payments market is unlike many other developed markets in the Western world in that card holding is low, with fewer payment cards than people in 2015. France has a highly developed point of sale (POS) infrastructure as wel...

  • Wealth in Switzerland: Sizing the Market Opportunity 2016

    Summary Switzerland is known for its high standard of living and well-developed private banking market, as well as a favorable tax system kept in check by each of the 26 Swiss cantons. These factors, along with the country's favorable level of econom...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: