Norways Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive L...
2.2.3 Customer Segmentation And Personalized Offerings
2.3 Economic Drivers
2.3.1 Gdp Per Capita
2.3.2 Gdp Growth
2.3.3 In...
8 Analysis Of Debit Card Payments And Growth Prospects
8.1 Overall Category Size And Forecast
8.1.1 Analysis By Volume Of ...
12.5.1 Key Financials
12.5.2 Card Portfolio
12.5.3 Strategies

13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 Abo...
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Norways Cards and Payments Industry: Market Shares, Trends and Forecast Report

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The Norwegian card payments channel registered significant growth during the review period (2009–2013). In terms of number of cards in circulation, the card payments channel grew at a CAGR of 2.86% to reach 18.6 million cards by the end of 2013. In value terms, the channel valued NOK647.9 billion (US$108.9 billion) in 2013. Changing lifestyle demographics, the increased popularity of online shopping and higher disposable per capita incomes supported the growth of the number of cards in circulation.

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Norways Cards and Payments Industry: Market Shares, Trends and Forecast Report

  1. 1. Norways Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape Synopsis The report provides top-level market analysis, information and insights into Norway’s cards and payments industry, including: Current and forecast values for each category of Norway’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 Norway’s cards and payments industry Detailed analysis of the marketing strategies adopted for selling debit, credit and prepaid cards used by banks and other institutions in the market Comprehensive analysis of consumer attitudes and buying preferences for cards The competitive landscape of Norway’s cards and payments industry Executive summary The Norwegian card payments channel registered significant growth during the review period (2009–2013). In terms of number of cards in circulation, the card payments channel grew at a CAGR of 2.86% to reach 18.6 million cards by the end of 2013. In value terms, the channel valued NOK647.9 billion (US$108.9 billion) in 2013. Changing lifestyle demographics, the increased popularity of online shopping and higher disposable per capita incomes supported the growth of the number of cards in circulation. The younger generation is a considerable and growing target group in terms of card spending. To tap into this younger population, SpareBank 1 SR-Bank in Norway offers a Visa card for children under 13 years old. Amounts in the accounts linked to these card can be controlled by parents, there is no issuance fee and it is free to use in stores and at SpareBank 1s ATMs. The bank also offers a Visa Electron credit card for people aged 13–18 years, with no annual fees and free use for retail payments in Norway and abroad. SpareBanken Vest also offers the Vestavinn 13–17 client program for teenagers to manage spending and savings. The program includes a Visa Electron 10–17 card with benefits such as no annual fees, fee-free purchases around the world and 24-hour withdrawal facilities at Union Bank Vest ATMs, and reduced-cost withdrawals in foreign countries. Scope This report provides a comprehensive analysis of Norway’s cards and payments industry. It provides current values for Norway’s cards and payments industry for 2013, and forecast figures for 2018. It details the different economic, infrastructural and business drivers affecting Norway’s cards and payments industry. It outlines the current regulatory framework in the industry. It details the marketing strategies used by various banks and other institutions. It profiles the major banks in Norway’s cards and payments industry. Reasons to buy Make strategic business decisions using top-level historic and forecast market data related to Norway’s cards and payments industry and each market within it. Understand the key market trends and growth opportunities within Norway’s cards and payments industry. Assess the competitive dynamics in Norway’s cards and payments industry. Gain insights in to the marketing strategies used for selling various card types in Norway. Gain insights into key regulations governing Norway’s cards and payments industry. Key highlights The highest share in 2013 was occupied by the debit card category which accounted for 37.7% of the cards in circulation. The number of debit cards in circulation grew from 6.1 million in 2009 to 7.0 million in 2013, and is expected to record a CAGR of 0.46% over the forecast period to reach 7.2 million by 2018. The main driver of the debit card category is the availability of the BankAxept payment system, with well-developed facilities and nationwide acceptance. Customers are increasingly using cards to replace smaller cash payments. Despite the increase in use of card payments, card fraud in Norway has declined since 2009, with technically enhanced payment systems and more secure transactions. During the review period, the total number of cards increased from 16.6 million in 2009 to 20.5 million in 2013, at a CAGR of 2.86%. However, total card fraud transaction values recorded a CAGR of -9.68%, falling from NOK214.7 million (US$34.1 million) in 2009 to NOK142.9 million (US$24.0 million) in 2013. The adoption of EMV cards remains the major driving factor in reducing the instances of card fraud, as it has replaced traditional magnetic strip cards with chip-based security. The number of EMV cards in circulation increased from 6.5 million in 2009 to 12.5 million in 2013. Banks are also making significant efforts to make the payment system secure and reduce card fraud. In March 2013, EnterCard, in collaboration with Encap, integrated a two-factor user-authentication process into its re:member card. Card services can be access using this application with no need for any other security such as one-time or SMS passwords. The bank also implemented a new fraud management solution in 2013 developed by predictive analytics company Fico. The solution is capable of integrating with mobile communications, enabling EnterCard to carry out safe communication by mobile phones. Norway is expected to record strong growth in payments through mobile phones. This growth will be primarily driven by enhanced mobile communications, high penetration of smartphones, and compatible credit card providers’ services. In 2003, Visa Norge and Telenor Mobil signed an agreement to encourage m-commerce in the country. The MobilHandel m-payment solution is available to customers with Visa cards and Telenor Mobil subscriptions. In 2013, Seamless Company introduced SEQR, a mobile payment service, in Norway. It enables merchants to facilitate customers to pay through smartphones and receive bills through collector acco account. Over the forecast period, the value of m-payments is expected to increase from NOK4.7 billion (US$0.8 billion) in 2014 to NOK12.3 billion (US$1.9 billion) in 2018. table Of Contents 1 Executive Summary 2 Analysis Of Industry Environment, Key Trends And Drivers 2.1 Payment Infrastructure And Emerging Technology 2.1.1 Atms 2.1.2 Pos Terminals 2.1.3 Internet Penetration 2.1.4 Contactless Technology 2.1.5 Emv 2.1.6 M-payment Value 2.2 Business Drivers 2.2.1 Growth Of Online Commerce 2.2.2 Retail Sales Value Norways Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  2. 2. 2.2.3 Customer Segmentation And Personalized Offerings 2.3 Economic Drivers 2.3.1 Gdp Per Capita 2.3.2 Gdp Growth 2.3.3 Inflation 2.3.4 Low Unemployment 3 Cards And Payments Industry Share Analysis 3.1 Industry Overview 3.1.1 Cash 3.1.2 Checks 3.1.3 Direct Debits 3.1.4 Credit Transfers 3.1.5 Cards 4 Regulatory Framework And Card Fraud Statistics 4.1 Regulatory Framework 4.1.1 Sepa Cards Framework 4.1.2 Anti-money Laundering (aml) Regulation 4.1.3 Foreign Direct Investment (fdi) Regulations 4.2 Card Fraud Statistics 4.2.1 Card-not-present 4.2.2 Counterfeit Cards 4.2.3 Cards Lost Or Stolen 4.2.4 Card Id Theft 5 Emerging Consumer Attitudes And Trends 5.1 Market Segmentation And Targeting 5.1.1 Retail Users 5.1.2 Corporate Users 5.2 Travel And Tourism Spending 5.2.1 Outbound Tourist Volume 5.2.2 Outbound Tourist Spending 5.3 Retail Card Spending 5.3.1 Analysis By Product Categories 5.3.2 Analysis By Retail Channels 6 Analysis Of Card Payments And Growth Prospects 6.1 Channel Share Analysis By Card Category 6.2 Size And Forecast Of The Card Payments Channel 6.2.1 Analysis By Volume Of Cards In Circulation 6.2.2 Analysis By Transaction Value 7 Analysis Of Credit Card Payments And Growth Prospects 7.1 Overall Category Size And Forecast 7.1.1 Analysis By Volume Of Cards In Circulation 7.1.2 Analysis By Transaction Value 7.1.3 Analysis By Transaction Volume 7.2 Transaction Share Analysis At Atms And Poss 7.2.1 Analysis By Transaction Value 7.2.2 Analysis By Transaction Volume 7.3 Personal Credit Cards Size And Forecast 7.3.1 Analysis By Volume Of Cards In Circulation 7.3.2 Analysis By Transaction Value 7.3.3 Analysis By Transaction Volume 7.4 Commercial Credit Cards Size And Forecast 7.4.1 Analysis By Number Of Cards In Circulation 7.4.2 Analysis By Transaction Value 7.4.3 Analysis By Transaction Volume 7.5 Competitive Landscape 7.5.1 Scheme Share Analysis 7.5.2 Issuer Share Analysis Norways Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  3. 3. 8 Analysis Of Debit Card Payments And Growth Prospects 8.1 Overall Category Size And Forecast 8.1.1 Analysis By Volume Of Cards In Circulation 8.1.2 Analysis By Transaction Value 8.1.3 Analysis By Transaction Volume 8.2 Transaction Share Analysis By Channel 8.2.1 Analysis By Transaction Value 8.2.2 Analysis By Transaction Volume 8.3 Competitive Landscape 8.3.1 Scheme Share Analysis 8.3.2 Issuer Share Analysis 9 Analysis Of Charge Card Payments And Growth Prospects 9.1 Overall Category Size And Forecast 9.1.1 Analysis By Volume Of Cards In Circulation 9.1.2 Analysis By Transaction Value 9.1.3 Analysis By Transaction Volume 9.2 Transaction Share Analysis By Channel 9.2.1 Analysis By Transaction Value 9.2.2 Analysis By Transaction Volume 9.3 Personal Charge Cards Size And Forecast 9.3.1 Analysis By Number Of Cards In Circulation 9.3.2 Analysis By Transaction Value 9.3.3 Analysis By Transaction Volume 9.4 Commercial Charge Cards Size And Forecast 9.4.1 Analysis By Volume Of Cards In Circulation 9.4.2 Analysis By Transaction Value 9.4.3 Analysis By Transaction Volume 9.5 Competitive Landscape 9.5.1 Scheme Share Analysis 9.5.2 Issuer Share Analysis 10 Analysis Of Prepaid Card Payments And Growth Prospects 10.1 Overall Category Size And Forecast 10.1.1 Analysis By Volume Of Cards In Circulation 10.1.2 Analysis By Transaction Value 10.2 Open-loop Prepaid Cards Segment Size And Forecast 10.2.1 Analysis By Number Of Cards In Circulation 10.2.2 Analysis By Transaction Value 10.3 Closed-loop Prepaid Cards Segment Size And Forecast 10.3.1 Analysis By Volume Of Cards In Circulation 10.3.2 Analysis By Transaction Value 11 Merchant Acquiring 11.1 Merchant Acquirers In The Norway 11.2 Company Profiles Of Merchant Acquirers In Norway 12 Company Profiles Of Card Issuers 12.1 Sparebanken Vest 12.1.1 Key Financials 12.1.2 Card Portfolio 12.1.3 Strategies 12.2 Entercard Norge As 12.2.1 Card Portfolio 12.2.2 Strategies 12.3 Dnb Bank 12.3.1 Key Financials 12.3.2 Card Portfolio 12.3.3 Strategies 12.4 Santander Consumer Bank As 12.4.1 Key Financials 12.4.2 Card Portfolio 12.4.3 Strategies 12.5 Seb Norways Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  4. 4. 12.5.1 Key Financials 12.5.2 Card Portfolio 12.5.3 Strategies 13 Appendix 13.1 Methodology 13.2 Contact Timetric 13.3 About Timetric 13.4 Timetric’s Services 13.5 Definitions 13.6 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 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/ Norways Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

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