Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

The Emergence of Contactless Cards and Payments

451 views

Published on

Contactless payments are being promoted by payment providers without necessarily being demanded by consumers. Aimed at displacing cash, which is generally disliked by merchants and financial institutions due to the costs of handling it (including security), contactless payments face strong competition from increasingly popular Chip and PIN debit card payments.

Published in: Business
  • Be the first to comment

  • Be the first to like this

The Emergence of Contactless Cards and Payments

  1. 1. Innovation in Payment Systems - The Emergence of Contactless Cards and PaymentsSynopsis The report provides market analysis, information and insights into contactless card payments including:Current and forecast analysis of the contactless cards market, including previous and future market growthComprehensive analysis of the industry’s market attractiveness and future growth areas Analysis ofvarious market drivers and regulations governing the global contactless payments industry Detailed analysis ofthe marketing strategies adopted by key players globally in order to increase the volume of contactlesspayments Comprehensive analysis of contactless payments through cards and mobile handsets Key challengesfacing the contactless payments market in various regions of the world and profiles of key players in theindustry Summary Contactless payments are being promoted by payment providers without necessarily being demanded byconsumers. Aimed at displacing cash, which is generally disliked by merchants and financial institutions dueto the costs of handling it (including security), contactless payments face strong competition from increasinglypopular Chip and PIN debit card payments. Although contactless cards are the short-term future for low-value payments, they will over time convergewith mobile handsets. Innovators such as Google and Apple have already launched NFC-enabled devices, andother mobile handset manufacturers will follow when acceptance of contactless mobile payments broadens.Many of the trials underway in various countries have been instigated by Visa and MasterCard. Mainly located in large conurbations, Visa payWave and MasterCard PayPass adhere to internationalstandards, and both schemes are open loop, meaning that cards can be used in a wide range of retail outlets,and not just for payment for public transport or where proprietary readers are installed. Much of the trialactivity is taking place in Europe, seen as the next region for growth in contactless payments. UK cardproviders have been the most proactive in the region in terms of card issuance, with over 19.6 millioncontactless cards in circulation at the start of 2012. Scope This report provides a comprehensive analysis of the contactless payments industry across the worldIt provides current values and forecast analysis of contactless payments market size for 2012 and 2017 Itdetails the different infrastructural, consumer and business drivers affecting the contactless payments marketglobally It outlines the current regulatory framework in the industry It details the marketing strategies used byvarious key players, including banks and card issuers across the world It provides case studies of contactlesspayments systems in various countries Reasons To Buy Make strategic business decisions using historic andforecast market data related to the contactless payments market Understand the key market trends and growthopportunities within the ontactless payment market in various regions of the world Assess the competitivedynamics in the global contactless payments market Gain insights into the marketing strategies adopted by keyplayers globally in order to increase the volume of contactless payments Gain insights into key regulationsgoverning the contactless payments market all over the world Key Highlights Proclaimed as the‘next big thing’ in the payments industry, there was a lot of media attention directed to thegrowth of contactless payments during the review period. From 2008 to 2012, the volume of contactless cardsincreased significantly from 220.0 million in 2008 to 610 million in 2012. Lack of merchant interest inadoption of contactless terminals raises significant concerns with regards to the growth of contactless mobilepayments. Predicted to be the wallets of the future, the reality is that the global payments industry is at leastInnovation in Payment Systems - The Emergence of Contactless Cards and Payments
  2. 2. three years away from the mass adoption of the mobile wallet. Even if contactless payments are rolled outnationwide in each of the countries where trials are taking place, they are unlikely to become a substitute forlow-value cash payments for at least the next five years until consumers are comfortable with the security ofpayments and with using the technology. During the review period, the number of contactless cards in the USincreased from 58.6 million in 2008 to 140.0 million in 2012 at a CAGR of 24.31%. The number ofcontactless cards in Canada registered a review-period CAGR of 63.87%, growing from 1.5 million cards in2008 to 10.5 million in 2012.table Of Content1 Executive Summary2 The Global Future Of Contactless Cards And Payments3 Global Snapshot Of Contactless Payments3.1 Emergence Of Contactless Payment3.1.1 Product Launches3.1.2 Trials And Pilots3.2 Global Market Size And Outlook3.2.1 Benchmarking Contactless Market Opportunity3.2.2 Market Opportunity3.3 The Technical Side Of Contactless Payments3.3.1 Emergence Of Contactless Stickers For Mobiles That Lacks Nfc Technology3.3.2 Contactless Payments – Such As Closed Loop, Transport Schemes3.3.3 Worldwide Contactless Card Schemes4 Analysis By Region – The Americas4.1 Introduction4.2 Market Size And Analysis Of Contactless Payments4.2.1 Overview4.2.2 Market Size By Card Type4.3 Key Trends And Drivers4.3.1 Infrastructure Drivers4.3.2 Business Drivers4.3.3 Consumer Preference4.4 Regulatory Framework4.4.1 Regulations On Debit Card Interchange Fees And The Durbin Amendment In The Us4.4.2 Involvement Of Nfc Mobile Payment In Code Of Conduct Rule For Canadian Payment Card4.4.3 Anti-money Laundering Legislation In Brazil Cards And Payments IndustryInnovation in Payment Systems - The Emergence of Contactless Cards and Payments
  3. 3. 4.4.4 The Sbif Requires The Following Standards With Respect To Issuance Of Debit Cards In Chile4.5 Case Studies4.6 Challenges5 Analysis By Region – Europe5.1 Introduction5.2 Market Size And Analysis Of Contactless Payments5.2.1 Overview5.2.2 Market Size By Card Type5.3 Key Trends And Drivers5.3.1 Infrastructure Drivers5.3.2 Business Drivers5.3.3 Consumer Preference5.4 Regulatory Framework5.4.1 Mobile Contactless Sepa Card Payments Interoperability Implementation Guidelines (mcp Iigs)5.4.2 Uk Card Association Increases The Contactless Limit On Debit And Credit Cards Goes Up To Gbp205.4.3 Prepaid Cards Regulation In The Uk Restricts The Entry Of New Players5.4.4 Stringent Card Issuing Regulation In Turkey Presents Challenge For Card Issuers In Turkey5.4.5 Central Bank Initiative To Reduce Interchange Fee Will Positively Impact Card Use In Poland5.5 Case Studies5.6 Challenges6 Analysis By Region – Asia-pacific6.1 Introduction6.2 Market Size And Analysis Of Contactless Payments6.2.1 Overview6.2.2 Market Size By Card Type6.3 Key Trends And Drivers6.3.1 Infrastructure Drivers6.3.2 Business Drivers6.3.3 Consumer Preference6.4 Regulatory Framework6.4.1 Government Support Has Been Important In Other Regions6.4.2 The Regulations On Japanese Payment Services Act (psa)6.4.3 Regulations Of Prepaid Payment Instruments Including Contactless Cards6.4.4 Revised Eligibility Requirements For Credit Card Issuance In Malaysia6.5 Case Studies6.6 Challenges7 AppendixInnovation in Payment Systems - The Emergence of Contactless Cards and Payments
  4. 4. 7.1 Methodology7.2 Definition7.3 Background7.4 Contact Us7.5 About Timetric7.6 DisclaimerAbout Us:Transparency Market Research is a market intelligence company providing global business informationreports and services. Our exclusive blend of quantitative forecasting and trends analysis providesforward-looking insight for thousands of decision makers. We are privileged with highly experienced team ofAnalysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques togather, and analyze information. Our business offerings represent the latest and the most reliable informationindispensable for businesses to sustain a competitive edge.Contact:ResearchMoz90 State Street,Suite 700,Albany NY - 12207United StatesTel: +1-518-618-1030USA - Canada Toll Free 866-997-4948Email: sales@researchmoz.usBlog: http://researchmoz.blogspot.com/Website: http://www.researchmoz.us/Innovation in Payment Systems - The Emergence of Contactless Cards and Payments

×