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The Cards and Payments Industry in Czech Republic: Emerging trends and opportunities to 2020

  • Id : RNR-95124
  • Category : Healthcare It
  • Publish Date : 30-Dec-2016
  • Pages : 49
  • Format : PDF
License Type

Description
The Cards and Payments Industry in Czech Republic: Emerging trends and opportunities to 2020

Summary

GlobalData?s "The Cards and Payments Industry in Czech Republic: Emerging trends and opportunities to 2020", report provides detailed analysis of market trends in the Czech Republic's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cheques, cash, payment cards and direct debit during the review period (2012-2016).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review period and over the forecast period (2016-2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData?s 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.

The report provides top-level market analysis, information and insights into the Czech Republic's cards and payments industry, including - 
- Current and forecast values for each market in the Czech Republic's cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including credit transfers, cheques, cash, direct debit and payment cards. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis and payment methods.
- Analysis of various market drivers and regulations governing the Czech Republic's cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Scope

- Contactless payments are gaining prominence in the Czech Republic, with all major banks - ?esk? spo?itelna (CSAS), ?eskoslovensk? obchodn? banka (CSOB), Komer?n? banka, MONETA Money Bank, and Raiffeisen Bank - offering contactless debit/credit cards. Overall, the number of cards with contactless functionality reached 10.9 million in 2016. Komer?n? banka launched a contactless debit card in collaboration with Visa in February 2014. The card enables consumers to pay without inserting the card or entering a PIN at point-of-sale (POS) terminals for payments of up to $19.45 (CZK500). In November 2015, the bank announced the installation of 6,000 contactless-capable POS terminals across the Czech Republic. In December 2016, Ingenico partnered with Dallmayr - a vending machine operator - to introduce contactless functionality in 50 coffee vending machines across the city of Prague.
- Alternative payments are gradually gaining prominence in the country, with the availability of a number of popular payment solutions including Paysafecard, PayPal, and MasterPass. Mastercard launched its digital wallet MasterPass in the Czech Republic in November 2014. In December 2015, Mastercard extended its MasterPass payment platform to FreshDirect, an online fresh food supplier. In November 2016, Mastercard collaborated with Shell Czech Republic to enable customers to pay using the MasterPass QR code feature at Shell fuel stations. Similarly, in August 2016 CSOB - a Bulgarian commercial bank, collaborated with SIA - an electronic payments provider - to launch the NaN?kupy mobile wallet, allowing users to make NFC payments.
- To provide card holders with enhanced security measures, banks and card issuers are implementing biometrics authentication. In February 2016, VoiceKey - an integrated voice biometrics authentication feature - was launched by Worldcore. The solution can be used by consumers to access their bank accounts and authenticate payments. Consumers register a voice sample, and VoiceKey can then analyze a voice-password by 100 parameters to eliminate the chance of fraudulent access.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Czech Republic's cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Czech Republic's cards and payments industry.
- Assess the competitive dynamics in the Czech Republic's cards and payments industry.
- Gain insights into marketing strategies used for various card types in Czech Republic.
- Gain insights into key regulations governing the Czech Republic's cards and payments industry.