The UK Cards and Payments Industry

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In terms of card volume, the UK card payments channel grew at a CAGR of 4.55% during the review period (2008–2012). The largest share of the channel was occupied by the debit card category with 43.8% in 2012, followed by the credit cards category with 27.9%.

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The UK Cards and Payments Industry

  1. 1. The UK Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape Synopsis The report provides market analysis, information and insights into the UK cards and payments industry, including: Current and forecast values for each category of the UK cards and payments industry including debit cards, credit cards, prepaid cards and charge cards. Comprehensive analysis of the industry’s market attractiveness and future growth areas. Analysis of various market drivers and regulations governing the UK cards and payments industry. Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid 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 the UK cards and payments industry. Executive summary In terms of card volume, the UK card payments channel grew at a CAGR of 4.55% during the review period (2008–2012). The largest share of the channel was occupied by the debit card category with 43.8% in 2012, followed by the credit cards category with 27.9%. Over the forecast period, the prepaid cards category is expected to surpass credit cards in terms of card volume to occupy the second-largest share, after debit cards, with 35.5% in 2017. Banks present competitive pricing strategies and offer attractive introductory interest rates to generate new subscriptions. Many banks extend 0% introductory interest rates on purchases and balance transfers for the first few months as well as competitive annual percentage rates (APRs) on credit cards. There was a considerable increase in the prompt payment of credit card bills during the review period which caused a loss in interest income for many banks. Banks are considering charging an annual fee to compensate for such losses. Scope This report provides a comprehensive analysis of the UK cards and payments industry. It provides current values for the UK cards and payments industry for 2012 and forecast figures for 2017. It details the different macroeconomic, infrastructural, consumer and business drivers affecting the UK 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 the UK cards and payments industry. Reasons to buy Make strategic business decisions using historic and forecast market data related to the UK cards and payments industry and each market within it. Understand the key market trends and growth opportunities within the UK cards and payments industry. Assess the competitive dynamics in the UK cards and payments industry. Gain insights into the marketing strategies used for selling various types of cards in the UK. Gain insights into key regulations governing the UK cards and payments industry. Key highlights The prepaid card category constituted 25.0% of the overall cards payments channel in 2012 and is expected to register significant growth over the forecast period to reach a 35.5% share by 2017. There are a number of prepaid card issuers in the country, both bank and non-bank, and prepaid cards have potential for growth in the The UK Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  2. 2. travel, gifting and low value retail sectors. Contactless cards were first issued in the UK in 2003 and, as of 2012, there were nearly 23 million cards in circulation. Leading banks that have rolled out contactless payments include Barclays, Lloyds, Bank of America (MBNA), HSBC and Royal Bank of Scotland (RBS). Customer attempts to reduce existing debt is expected to prompt a reduction in credit consumption as purchases are made based on income and savings. This shift in consumer attitudes is expected to lead to a decline in the credit card category’s share from 27.1% in 2013 to 23.7% in 2017. Banks present competitive pricing strategies and offer attractive introductory interest rates to generate new subscriptions. Many banks extend 0% introductory interest rates on purchases and balance transfers for the first few months as well as competitive annual percentage rates (APRs) on credit cards. table Of Contents 1 Executive Summary 2 Analysis Of Market Environment And Key Trends And Drivers 2.1 Payment Infrastructure And Emerging Technologies 2.1.1 Atms 2.1.2 Pos Terminals 2.1.3 Near-field Communication (nfc) 2.1.4 Internet Penetration 2.1.5 Network Related 2.2 Business Drivers 2.2.1 Growth Of Gift Cards 2.2.2 Growth Of E-commerce And M-commerce 2.2.3 Decrease In Credit Card Loan Write-offs And Delinquencies 2.3 Macroeconomic Drivers 2.3.1 Decrease In Central Bank Interest Rate To Improve Credit Availability In The Economy 2.3.2 Inflation 2.3.3 Gdp Per Capita Income 3 Cards And Payments Industry Share Analysis 3.1 Overview Of The Cards And Payments Industry 3.1.1 Cash 3.1.2 Checks 3.1.3 Credit Transfer 3.1.4 Cards 3.1.5 Direct Debit 4 Regulatory Framework And Card Fraud Statistics The UK Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  3. 3. 4.1 Regulatory Framework 4.1.1 Status Of Implementation Of Payment Services Directive In The Uk 4.1.2 Single European Payment Area (sepa) Implementation In The Uk 4.1.3 Best Practice Guidelines Set By Uk Payment Cards Association 4.1.4 Other Regulations Applicable To The Credit Card Category 4.1.5 The Anti-money Laundering Legislation 2012 And Know Your Customer Rule 4.1.6 Foreign Direct Investment (fdi) Regulation 4.2 Card Fraud Statistics 4.2.1 Cards-not-present 4.2.2 Counterfeit Cards 4.2.3 Cards Lost/stolen 4.2.4 Card Id Theft 5 Emerging Consumer Attitudes And Trends 5.1 Market Segmentation And Targeting 5.1.1 Retail Segment 5.1.2 Corporate Segment 5.2 Travel And Tourism Spending 5.2.1 Outbound Tourist Volume 5.2.2 Outbound Tourist Spending 5.2.3 Outbound Tourist Card 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 Card Volume 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 By Channel 7.2.1 Analysis By Transaction Value 7.2.2 Analysis By Transaction Volume 7.3 Personal Credit Cards Segment Size And Forecast The UK Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  4. 4. 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 Segment 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 8 Analysis Of Debit Card Payments And Growth Prospects 8.1 Overall Category Size And Forecast 8.1.1 Analysis By Number 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 Number 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 Segment 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 Segment 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 The UK Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  5. 5. 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 Number 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 Uk 12 Company Profiles Of Card Issuers 12.1 Santander Uk Plc 12.1.1 Key Financials 12.1.2 Card Portfolio 12.1.3 Strategies 12.2 Lloyds Banking Group 12.2.1 Key Financials 12.2.2 Card Portfolio 12.2.3 Strategies 12.3 Barclays Bank 12.3.1 Key Financials 12.3.2 Card Portfolio 12.3.3 Strategies 12.4 Hsbc Bank 12.4.1 Key Financials 12.4.2 Card Portfolio 12.4.3 Strategies 12.5 The Royal Bank Of Scotland Group 12.5.1 Key Financials 12.5.2 Card Portfolio 12.5.3 Strategies 13 Appendix The UK Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  6. 6. 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/ The UK Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

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