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Emerging Opportunities in Luxembourgs Cards and Payments Industry

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Luxembourg’s card payments channel declined during the 2008–2012 review period in terms of the number of cards in circulation. The discontinuation of the Mini-cash electronic payment system in 2011 adversely affected the prepaid cards category in the country, which resulted in a decline in the overall card payments channel.

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  • 1. Emerging Opportunities in Luxembourgs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape Synopsis The report provides market analysis, information and insights into Luxembourg's cards and payments market, including: Current and forecast values for each category of Luxembourg's cards and payments industry including debit cards, credit cards and prepaid cards Comprehensive analysis of the industry’s market attractiveness and future growth areas Analysis of various market drivers and regulations governing Luxembourg's cards and payments industry Detailed analysis of the marketing strategies adopted for selling debit and credit cards used by various bankers and other institutions in the market Comprehensive analysis of consumer attitudes and their buying preferences for cards Competitive landscape of Luxembourg's cards and payments industry Executive summary Luxembourg’s card payments channel declined during the 2008–2012 review period in terms of the number of cards in circulation. The discontinuation of the Mini-cash electronic payment system in 2011 adversely affected the prepaid cards category in the country, which resulted in a decline in the overall card payments channel. The debit and credit card categories, however, grew at a healthy pace during the review period. In terms of the number of cards in circulation, the card payments channel declined marginally from 2.4 million cards in 2008 to 2.3 million in 2012, at a CAGR of -1.61%. The channel is expected to grow from 2.4 million in 2013 cards to 2.6 million in 2017, at a CAGR of 2.94% over the forecast period. Growth in internet penetration has resulted in increased online retail sales in the country. To benefit from this, banks are increasingly expanding their internet banking infrastructure and offering web payment cards. The increasing acceptance of cards at retail outlets and a consumer shift towards making purchases using cards resulted in an increasing number of POS transactions during the review period. The number of POS transactions grew at a CAGR of 3.37% during the review period, and is projected to grow at a CAGR of 2.80% over the forecast period, from 45.4 million transactions in 2013 to 50.7 million in 2017. Scope This report provides a comprehensive analysis of Luxembourg's cards and payments industry It provides current values for Luxembourg's cards and payments industry for 2012 and forecast figures for 2017 It details the different macroeconomic, infrastructural, consumer and business drivers affecting Luxembourg's cards and payments industry It outlines the current regulatory framework in the industry It details the marketing strategies used by various bankers and other institutions It profiles the major banks in Luxembourg's cards and payments industry Reasons to buy Make strategic business decisions using historic and forecast market data related to Luxembourg's cards and payments industry and each market within it Understand the key market trends and growth opportunities within Luxembourg's cards and payments industry Assess the competitive dynamics in Luxembourg's cards and payments industry Gain insights into the marketing strategies used for selling various types of cards in Luxembourg Gain insights into key regulations governing Luxembourg's cards and payments industry Key highlights Emerging Opportunities in Luxembourgs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competiti
  • 2. In terms of the number of cards in circulation, the card payments channel is expected to grow from 2.4 million in 2013 to 2.6 million in 2017, at a CAGR of 2.94% over the forecast period. In terms of transaction value, the card payments channel grew during the review period at a CAGR of 3.31% and is projected to grow at a CAGR of 1.51% over the forecast period. In March 2011, banks decided to discontinue supporting the local Bancomat scheme and selected the V Pay debit scheme. By the end of 2011, more than 600,000 debit cards had been replaced with V Pay debit cards which are secured by Chip-and-PIN technology. All banks moved to the 3-D Secure service to support safer online payments from 2012 onwards. Increasing social media penetration is expected to encourage banks and other issuers to use these sites to reach a wider customer base and promote their products. Mobile commerce, gifts, entertainment, online purchases and travel all display positive growth potential, which is expected to drive the credit cards category. During the review period, the use of credit cards at POS terminals increased significantly both in volume and value terms at CAGRs of 9.68% and 9.62% respectively. table Of Contents 1 Executive Summary 2 Market Attractiveness And Future Prospects Of The Cards And Payments Industry 3 Analysis Of Luxembourg's Cards And Payments Industry Drivers 3.1 Infrastructure Drivers 3.1.1 Adoption Of New Technologies 3.1.2 Increasing Number Of Internet Users 3.1.3 Increasing Number Of Atms And Pos Terminals 3.2 Business Drivers 3.2.1 Growing Popularity Of Web Payment Cards 3.2.2 Rising M-commerce 3.2.3 Growing E-commerce 3.3 Consumer Drivers 3.3.1 Increasing Per Capita Income 3.3.2 Rising Employment Rate 3.4 Macroeconomic Fundamentals 3.4.1 Stable Gdp 3.4.2 Declining Inflation 3.4.3 Urban And Rural Populations 3.5 Card Fraud Statistics 3.6 Regulatory Framework 4 Emerging Consumer Attitudes And Trends Emerging Opportunities in Luxembourgs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competiti
  • 3. 4.1 Industry Segmentation And Targeting 4.1.1 Retail Segment 4.1.2 Corporate Segment 4.2 Consumer Preference 4.2.1 Price 4.2.2 Services 4.2.3 Convenience 4.3 Online Buying Behavior 5 Competitive Landscape And Industry Dynamics 5.1 Industry Share Analysis By Non-cash Payments Channels 5.1.1 Credit Transfer 5.1.2 Direct Debit 5.1.3 Card Payments 5.1.4 Check Payments 5.2 Debit Cards Category Share 5.2.1 By Bank 5.2.2 By Scheme 5.3 Credit Cards Category Share By Scheme 6 Strategies Adopted By Key Operators 6.1 Market Entry Strategies 6.2 Marketing And Product Strategy 6.2.1 Debit Cards 6.2.2 Credit Cards 6.3 Pricing Strategies 7 Size And Growth Potential Of The Card Payments Channel 7.1 Channel Share Analysis By Card Category 7.2 Size And Forecast Of The Card Payments Channel 7.2.1 Analysis By Number Of Cards 7.2.2 Analysis By Transaction Value 7.2.3 Analysis By Transaction Volume 7.3 Debit Cards Category Size And Forecast 7.3.1 Analysis By Number Of Cards 7.3.2 Analysis By Transaction Value 7.3.3 Analysis By Transaction Volume 7.3.4 Other Key Performance Indicators 7.4 Credit Cards Category Size And Forecast 7.4.1 Analysis By Number Of Cards Emerging Opportunities in Luxembourgs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competiti
  • 4. 7.4.2 Analysis By Transaction Value 7.4.3 Analysis By Transaction Volume 7.4.4 Average Transaction Value 7.4.5 Other Key Performance Indicators 7.5 Prepaid Cards Category Size And Forecast 7.5.1 Analysis By Number Of Cards 7.5.2 Analysis By Segment - Open- And Closed-loop Cards 7.5.3 Analysis By Transaction Value 8 Company Profiles, Products And Marketing Strategies 8.1 Banque Internationale A Luxembourg (bil) 8.1.1 Bil's Key Financials 8.1.2 Card Portfolio 8.1.3 Strategies 8.2 Banque Et Caisse Depargne De L' Etat Luxembourg (bcee) 8.2.1 Bcee's Key Financials 8.2.2 Card Portfolio 8.2.3 Strategies 8.3 Bgl Bnp Paribas 8.3.1 Bgl Bnp Paribas Key Financials 8.3.2 Card Portfolio 8.3.3 Strategies 8.4 Ing Luxembourg 8.4.1 Ing Luxembourg Key Financials 8.4.2 Card Portfolio 8.4.3 Strategies 8.5 Banque De Luxembourg (bl) 8.5.1 Banque De Luxembourg Key Financials 8.5.2 Card Portfolio 8.5.3 Strategies 9 Appendix 9.1 Methodology 9.2 Contact Timetric 9.3 About Timetric 9.4 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as Emerging Opportunities in Luxembourgs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competiti
  • 5. publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Emerging Opportunities in Luxembourgs Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competiti

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