Consumer Finance in the Czech Republic
Euromonitor International's Consumer Finance in the Czech Republic report establishes the size and structure of the market for ATMs, credit cards, debit cards, store cards and smart cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Buy online to access strategic market analysis and an interactive statistical database of value and volume for retail and internet transactions, number of cards in circulation and company brand shares.
Tables: 128 | Publication date: Feb 2009
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive environment
Product coverage
Consumer lending; Financial cards and payments
Executive summary
Another Year of Strong Growth
Financial cards continued to post strong growth in 2008, driven by the growing usage of cards for everyday purchases and strong demand for consumer credit. While transaction growth rates were slightly slower than in 2007, due to the economic slowdown in the Czech Republic, the number of cards in circulation grew faster.
Cards Increasingly Replace Cash
The growth in the frequency of ATM withdrawals slowed down in 2008, as Czech consumers increasingly used their debit and credit cards in shops and for on-line purchases. Card personalisation, co-branding with retail chains and cashback service at POS locations were among the key factors that drove card penetration and boosted usage frequency.
Credit Cards Registers the Fastest Growth
While debit cards remained the most widely used payment card, credit cards represented the most buoyant category. Credit cards continued to post double-digit growth and it was driven by fierce competition between the banks and credit companies. Pre-paid cards began to appear in the Czech Republic in 2008 and contactless card developments are also on the way.
E-commerce Emerges as a Key Driver
Both personal and commercial credit cards posted healthy growth, increasing the average spend per transaction. The performance of personal credit cards was boosted by strong retail demand and consumer purchasing power, while commercial credit cards benefited from their growing use as a source of short-term business finance for small- and medium-sized companies (SMEs). E-commerce has emerged as the key driver, although financial cards' share of on-line payments is still low and there is plenty of room for development.
Banks Target Young People and SMEs
EMV migration of cards is well on the way and all new cards are issued with chip and PIN. This is helping to reduce fraud levels which are still growing through phishing. The competitive landscape is highly concentrated with five banks dominating financial cards in the Czech Republic. The strategies of the leading players are focused on card innovation, attracting young people and SMEs, improving customer services through the modernisation of branch networks and the continued introduction of new technologies aimed at increasing card payment security.
Advanced Card Technologies for Tomorrow's Customers
The key trends over the forecast period will include the growing use of financial cards in e-commerce, and the development of pre-paid and contactless cards and mobile payments. Pre-paid cards should find a ready consumer base among lower-income consumers whose access to credit cards is limited. Banks' strategies will focus on new technologies to increase security, increasingly sophisticated segmentation and customer-oriented services. The competition will increase as the Czech Republic becomes part of the Single Euro Payments Area (SEPA) during the forecast period.
Table of contents
CONSUMER FINANCE IN THE CZECH REPUBLIC : MARKET INSIGHT
EXECUTIVE SUMMARY
Another Year of Strong Growth
Cards Increasingly Replace Cash
Credit Cards Registers the Fastest Growth
E-commerce Emerges as a Key Driver
Banks Target Young People and SMEs
Advanced Card Technologies for Tomorrow's Customers
KEY TRENDS AND DEVELOPMENTS
Slower Economic Growth Is Unlikely to Slow Down Financial Card Usage
Fraud Levels Rise
Card Usage in E-commerce Remains Low
SEPA Compliance Will Boost Card Usage
The First Pre-paid Cards Appear and Contactless Cards Are on the Horizon
MARKET DATA
Table 1 Consumer Payments: Value 2003-2008
Table 2 Financial Cards: Number of Cards in Circulation 2003-2008
Table 3 Financial Cards Transactions: Value 2003-2008
Table 4 Financial Cards: Number of Transactions 2003-2008
Table 5 Financial Cards: Number of Accounts 2003-2008
Table 6 Financial Cards: Number of Cards by Issuer 2003-2007
Table 7 Financial Cards: Number of Cards by Operator 2003-2007
Table 8 Financial Cards: Card Payment Transaction Value by Operator 2003-2007
Table 9 Financial Cards: Card Payment Transactions by Acquirer 2003-2007
Table 10 Consumer Payments Forecast: Value 2008-2013
Table 11 Financial Cards Forecast: Number of Cards in Circulation 2008-2013
Table 12 Financial Cards Forecast: Value 2008-2013
Table 13 Financial Cards Forecast: Number of Transactions 2008-2013
Table 14 Financial Cards Forecast: Number of Accounts 2008-2013
MARKET INDICATORS
Table 15 Number of POS Terminals 2004-2008
Table 16 Number of ATMs 2004-2008
Table 17 Disposable Income 2003-2008
Table 18 Value Lost to Fraud 2003-2008
Table 19 Acquirer Fraud 2003-2008
Table 20 Card Expenditure by Location 2008
Table 21 Card Expenditure by Sector 2008
Table 22 Financial Cards in Circulation by Type: % Number of Cards 2004-2008
Table 23 Domestic versus Foreign Spend 2008
DEFINITIONS
Summary 1 Research Sources
LOCAL COMPANY PROFILES - CZECH REPUBLIC
CESKOSLOVENSKA OBCHODNI BANKA AS - FINANCIAL CARDS AND PAYMENTS - CZECH REPUBLIC
STRATEGIC DIRECTION
KEY FACTS
Summary 2 Ceskoslovenska obchodni banka as: Key Facts
Summary 3 Ceskoslovenska obchodni banka as: Operational Indicators 2005-2007
COMPANY BACKGROUND
COMPETITIVE POSITIONING
Summary 4 Ceskoslovenska obchodni banka as: Competitive Position 2007
CESKA SPORITELNA AS - FINANCIAL CARDS AND PAYMENTS - CZECH REPUBLIC
STRATEGIC DIRECTION
KEY FACTS
Summary 5 Ceska sporitelna as: Key Facts
Summary 6 Ceska sporitelna as: Operational Indicators 2005-2007
COMPANY BACKGROUND
COMPETITIVE POSITIONING
Summary 7 Ceska sporitelna as: Competitive Position 2007
GE MONEY MULTISERVIS AS - FINANCIAL CARDS AND PAYMENTS - CZECH REPUBLIC
STRATEGIC DIRECTION
KEY FACTS
Summary 8 GE Money Multiservis as: Key Facts
Summary 9 GE Money Multiservis as: Operational Indicators 2005-2007
COMPANY BACKGROUND
COMPETITIVE POSITIONING
Summary 10 GE Money Multiservis as: Competitive Position 2007
RAIFFEISENBANK AS - FINANCIAL CARDS AND PAYMENTS - CZECH REPUBLIC
STRATEGIC DIRECTION
KEY FACTS
Summary 11 Raiffeisenbank as: Key Facts
Summary 12 Raiffeisenbank as: Operational Indicators 2005-2007
COMPANY BACKGROUND
COMPETITIVE POSITIONING
Summary 13 Raiffeisenbank as: Competitive Position 2007
UNICREDIT BANK CZECH REPUBLIC AS - FINANCIAL CARDS AND PAYMENTS - CZECH REPUBLIC
STRATEGIC DIRECTION
KEY FACTS
Summary 14 UniCredit Bank Czech Republic as: Key Facts
Summary 15 UniCredit Bank Czech Republic as: Operational Indicators 2005-2007
COMPANY BACKGROUND
COMPETITIVE POSITIONING
Summary 16 UniCredit Bank Czech Republic as: Competitive Position 2007
ATM TRANSACTIONS IN THE CZECH REPUBLIC
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 24 ATM Cards Sector Performance: 2003-2008
Table 25 ATM Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 26 ATM Cards Sector Performance: % Growth 2003-2008
Table 27 ATM Cards in Circulation Sector Performance: % Growth 2003-2008
Table 28 ATM Cards Forecast Sector Performance: 2008-2013
Table 29 ATM Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 30 ATM Cards Forecast Sector Performance: % Growth 2008-2013
Table 31 ATM Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
DEBIT TRANSACTIONS IN THE CZECH REPUBLIC
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 32 Debit Cards Sector Performance: 2003-2008
Table 33 Debit Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 34 Debit Cards Sector Performance: % Growth 2003-2008
Table 35 Debit Cards in Circulation Sector Performance: % Growth 2003-2008
Table 36 Debit Cards: Number of Cards by Issuer 2003-2007
Table 37 Debit Cards: Number of Cards by Operator 2003-2007
Table 38 Debit Cards Transactions by Acquirer 2003-2007
Table 39 Debit Cards Payment Transaction Value by Operator 2003-2007
Table 40 Debit Cards Forecast Sector Performance: 2008-2013
Table 41 Debit Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 42 Debit Cards Forecast Sector Performance: % Growth 2008-2013
Table 43 Debit Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
CREDIT CARD TRANSACTIONS IN THE CZECH REPUBLIC
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 44 Credit Cards Sector Performance: 2003-2008
Table 45 Credit Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 46 Credit Cards Sector Performance: % Growth 2003-2008
Table 47 Credit Cards in Circulation Sector Performance: % Growth 2003-2008
Table 48 Personal Credit Cards Sector Performance: 2003-2008
Table 49 Personal Credit Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 50 Personal Credit Cards Sector Performance: % Growth 2003-2008
Table 51 Personal Credit Cards in Circulation Sector Performance: % Growth 2003-2008
Table 52 Commercial Credit Cards Sector Performance: 2003-2008
Table 53 Commercial Credit Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 54 Commercial Credit Cards Sector Performance: % Growth 2003-2008
Table 55 Commercial Credit Cards in Circulation Sector Performance: % Growth 2003-2008
Table 56 Credit Cards: Number of Cards by Issuer 2003-2007
Table 57 Credit Cards: Number of Cards by Operator 2003-2007
Table 58 Credit Cards Transactions by Acquirer 2003-2007
Table 59 Credit Cards Payment Transaction Value by Operator 2003-2007
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2003-2007
Table 61 Commercial Credit Cards Payment Transaction Value by Operator 2003-2007
Table 62 Credit Cards Forecast Sector Performance: 2008-2013
Table 63 Credit Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 64 Credit Cards Forecast Sector Performance: % Growth 2008-2013
Table 65 Credit Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
Table 66 Personal Credit Cards Forecast Sector Performance: 2008-2013
Table 67 Personal Credit Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 68 Personal Credit Cards Forecast Sector Performance: % Growth 2008-2013
Table 69 Personal Credit Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
Table 70 Commercial Credit Cards Forecast Sector Performance: 2008-2013
Table 71 Commercial Credit Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 72 Commercial Credit Cards Forecast Sector Performance: % Growth 2008-2013
Table 73 Commercial Credit Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
CHARGE CARD TRANSACTIONS IN THE CZECH REPUBLIC
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 74 Charge Cards Sector Performance: 2003-2008
Table 75 Charge Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 76 Charge Cards Sector Performance: % Growth 2003-2008
Table 77 Charge Cards in Circulation Sector Performance: % Growth 2003-2008
Table 78 Personal Charge Cards Sector Performance: 2003-2008
Table 79 Personal Charge Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 80 Personal Charge Cards Sector Performance: % Growth 2003-2008
Table 81 Personal Charge Cards in Circulation Sector Performance: % Growth 2003-2008
Table 82 Commercial Charge Cards Sector Performance: 2003-2008
Table 83 Commercial Charge Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 84 Commercial Charge Cards Sector Performance: % Growth 2003-2008
Table 85 Commercial Charge Cards in Circulation Sector Performance: % Growth 2003-2008
Table 86 Charge Cards: Number of Cards by Issuer 2003-2007
Table 87 Charge Cards: Number of Cards by Operator 2003-2007
Table 88 Charge Cards Transactions by Acquirer 2003-2007
Table 89 Charge Cards Payment Transaction Value by Operator 2003-2007
Table 90 Personal Charge Cards Transaction Value by Operator 2003-2007
Table 91 Commercial Charge Cards Payment Transaction Value by Operator 2003-2007
Table 92 Charge Cards Forecast Sector Performance: 2008-2013
Table 93 Charge Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 94 Charge Cards Forecast Sector Performance: % Growth 2008-2013
Table 95 Charge Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
Table 96 Personal Charge Cards Forecast Sector Performance: 2008-2013
Table 97 Personal Charge Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 98 Personal Charge Cards Forecast Sector Performance: % Growth 2008-2013
Table 99 Personal Charge Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
Table 100 Commercial Charge Cards Forecast Sector Performance: 2008-2013
Table 101 Commercial Charge Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 102 Commercial Charge Cards Forecast Sector Performance: % Growth 2008-2013
Table 103 Commercial Charge Cards in Circulation Forecast Sector Performance: % Growth 2008-2013
GENERAL PURPOSE PRE-PAID CARD TRANSACTIONS IN THE CZECH REPUBLIC
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
STORE CARD TRANSACTIONS IN THE CZECH REPUBLIC
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 104 Store Cards Sector Performance: 2003-2008
Table 105 Store Cards Sector Performance: Number of Cards in Circulation 2003-2008
Table 106 Store Cards Sector Performance: % Growth 2003-2008
Table 107 Store Cards in Circulation Sector Performance: % Growth 2003-2008
Table 108 Store Cards: Number of Cards by Issuer 2003-2007
Table 109 Store Cards Forecast Sector Performance: 2008-2013
Table 110 Store Cards Forecast Sector Performance: Number of Cards in Circulation 2008-2013
Table 111 Store Cards Forecast Sector Performance: % Growth 2008-2013
Table 112 Store Cards in Circulation Forecast Sector Performance: % Growth 2008-2013