The Cards and Payments Industry in Sweden: Emerging Trends and Opportunities to 2020
Description-
Synopsis
Timetrics
'The Cards
and Payments
Industry in Sweden: Emerging Trends and Opportunities to 2020' report
provides detailed analysis of market trends in the Swedish cards and
payments industry. It provides values and volumes for a number of key
performance indicators in the industry, including check payments,
payment cards, cash transactions, direct debits and credit transfers
during the review period (20112015).
The
report also analyzes various payment card markets operating in the
industry, and provides detailed information on the number of cards in
circulation, and transaction values and volumes during the review
period and over the forecast period (20162020). It also offers
information on the country's competitive landscape, including the
market shares of issuers and schemes.
To
Browse a Report Detail with TOC @
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The
report brings together Timetrics research, modeling, and analysis
expertise to allow banks and card issuers to identify segment
dynamics and competitive advantages. The report also covers details
of regulatory policy and recent changes in the regulatory structure.
Summary
Timetrics
'The Cards and Payments Industry in Sweden: Emerging Trends and
Opportunities to 2020' report provides top-level market analysis,
information and insights into the Swedish cards and payments
industry, including:
Current
and forecast values for each market in the Swedish cards and payments
industry, including debit and pay later cards.
Detailed
insights into payment instruments including credit transfers, direct
debits, cash transactions, checks and payment cards. It also,
includes an overview of the country's key alternative payment
instruments.
E-commerce
market analysis and payment types.
Analysis
of various market drivers and regulations governing the Swedish cards
and payments industry.
Detailed
analysis of strategies adopted by banks and other institutions to
market debit and pay later cards.
Comprehensive
analysis of consumer attitudes and buying preferences for cards.
The
competitive landscape in the Swedish cards and payments industry.
Scope
This
report provides a comprehensive analysis of the Swedish cards and
payments industry.
It
provides current values for the Swedish cards and payments industry
for 2015, and forecast figures to 2020.
It
details the different demographic, economic, infrastructural and
business drivers affecting the Swedish cards and payments industry.
It
outlines the current regulatory framework in the industry.
It
details marketing strategies used by various banks and other
institutions.
Reasons
To Buy
Make
strategic business decisions, using top-level historic and forecast
market data, related to the Swedish cards and payments industry and
each market within it.
Understand
the key market trends and growth opportunities in the Swedish cards
and payments industry.
Assess
the competitive dynamics in the Swedish cards and payments industry.
Gain
insights into marketing strategies used for various card types in
Sweden.
Gain
insights into key regulations governing the Swedish cards and
payments industry.
Key
Highlights
To
capitalize on the growing e-commerce market, Swedish banks expanded
Swish, a widely used mobile app for online transactions in January
2016. The app was previously used only for peer-to-peer (P2P) and
in-store payments. Swish is owned by a consortium of six Swedish
banks Danske Bank, Handelsbanken, Lnsfrskringar Bank, Nordea, SEB and
Swedbank. Since its launch, Swish has grown in popularity, with 4.4
million users in Sweden as of June 7, 2016. In December 2015,
US$688.4 million (SEK5.8 billion) worth of transactions were
performed using Swish, which increased to US$892.3 million (SEK7.5
billion) in May 2016. This move to expand Swishs scope for e-commerce
transactions is expected to drive mobile payments (m-payments).
To
provide convenient and secured online payments for Swedish consumers,
MasterCard launched the MasterPass digital wallet, in association
with Nordea, SEB and Swedbank, in December 2015, followed by ICA
Banken and Resurs Bank in early 2016. MasterPass users can shop
online without having to enter payment and shipping information with
every purchase. Swedish consumers can use MasterPass for online and
in-app shopping, and the service will gradually be extended to retail
payments.
In
an attempt to tackle deflation and spur consumer spending, Swedens
central bank Riksbank lowered its repo rate to -0.10% in February
2015 and to -0.50% in April 2016, resulting in negative returns on
savings and deposits with commercial banks. This will compel
consumers to spend, gradually helping the country out of deflation.
Over the forecast period (20162020), inflation is anticipated to
gradually rise from 1.2% in 2016 to 2.1% in 2020. A rise in consumer
spending will drive payment card transaction volumes and values.
Table
of Contents
1
Definitions and Methodology
1.1
Definitions
1.2
Methodology
2
Key Facts and Events
3
Executive Summary
4
Payment Instruments
4.1
Current Payment Environment
5
E-Commerce
5.1
E-Commerce Market Analysis
6
Alternative Payments
6.1
Alternative Payment Instruments
6.1.1
Klarna
6.1.2
Swish
6.1.3
Seqr
6.1.4
WyWallet
6.1.5
PayPal
6.1.6
Trustly
6.1.7
Pay by palm
6.1.8
MasterPass
7
Regulations in the Cards and Payments Industry
7.1
Regulatory Framework
7.1.1
SEPA cards framework
7.1.2
Swedish laws regarding card use
7.1.3
EBA guidelines on the security of online payments
7.1.4
Interchange fee regulation
7.2
Anti-Money Laundering (AML)
7.3
Foreign Direct Investment Regulations
8
Analysis of Cards and Payments Industry Drivers
8.1
Demographic Drivers
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