Financial Cards in Portugal
Euromonitor International's Financial Cards in Portugal 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.
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Tables: 107 | Publication date: May 2008
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
Financial cards in circulation; Transactions
Executive summary
Portuguese Banking near Saturation
Portuguese banks are constantly striving to offset the problem of the country’s ageing population. They employ aggressive marketing tactics to attract new customers, compete with the terms of loan conditions, financial cards, commission and other services. Consumers are encouraged to try out new banks. Young consumers, who are just out of university, are a prime target group for banks.
Debit Cards Overtake Cash
Debit cards became the main form of payment in Portugal in value terms, overtaking cash. They have reached saturation point in terms of the number of customers, but there is still room for growth through penetration as the number of merchants accepting these cards continues to rise. One reason for the popularity of the cards is that most debit transactions at Multibanco terminals are free of charge for the cardholder.
BPN’s NetPay puts Squeeze on REDUNICRE
Netpay, the electronic payment network of the Banco Portugês de Negócios (BPN), entered the market in 2006 and competed with REDUNICRE which had previously been the leading player. Merchants are hoping for better terms regarding commission and other conditions with this new competition. Netpay, which works with Visa and MasterCard, claims to have installed over 14,000 POS electronic terminals in its first year of operation.
Multibanco ATM Network is Compatible with EMV
Portugal is alongside the United Kingdom and France in making ATMs compatible with EMV technology. The Multibanco ATM network is now totally compatible with the EMV protocol and the use of chip cards. SIBS – Sociedade Interbancária de Serviços SA is in charge of the changeover to EMV technology (invented by Europay, MasterCard and Visa), including the migration of all debit and credit payment cards and the installation of the necessary infrastructure. This process of change to EMV, will be implemented from January 2008, and is part of the preparations for the Single European Payments Area (SEPA).
Gemal to Make New “Citizen Card”
The “citizen card”, which has multiple security features, is to be the official ID document for Portuguese citizens. It will theoretically give citizens higher security in any contact with government bodies. Portugal’s mint and national printing office, Imprensa Nacional-Casa da Moeda (INCM), selected the company Gemal to make the cards. Gemal will also provide the secure operating system, the personalisation system and applications, the middleware and associated helpdesk services.
Table of contents
FINANCIAL CARDS IN PORTUGAL : MARKET INSIGHT
EXECUTIVE SUMMARY
Portuguese Banking near Saturation
Debit Cards Overtake Cash
BPN’s NetPay puts Squeeze on REDUNICRE
Multibanco ATM Network is Compatible with EMV
Gemal to Make New “Citizen Card”
KEY TRENDS AND DEVELOPMENTS
Macro-economic Trends
Demographics
EMV and SEPA
OPERATING ENVIRONMENT
Consumer Credit and Lending
Issuer Fraud
Acquirer Fraud
E-commerce
M-commerce
ATM AND POS TERMINALS
CASH WITHDRAWAL OR CARD PURCHASE
GOVERNMENTAL REGULATION AND LEGISLATION
MARKET INDICATORS
Table 1 Number of POS Terminals 2004-2007
Table 2 Number of ATMs 2004-2007
Table 3 Disposable Income 2002-2007
Table 4 Consumer Credit 2002-2007
Table 5 Value Lost to Fraud 2002-2007
MARKET DATA
Table 6 Financial Cards: Transactions 2002-2007
Table 7 Financial Cards: Value 2002-2007
Table 8 Financial Cards: Number of Cards in Circulation 2002-2007
Table 9 Financial Cards: Number of Accounts 2002-2007
Table 10 Domestic versus Foreign Spend 2007
Table 11 Card Expenditure by Sector 2007
Table 12 Card Expenditure by Location 2007
Table 13 Financial Cards: Number of Internet Transactions 2002-2007
Table 14 Financial Cards: Internet Transaction Value 2002-2007
Table 15 Financial Cards: Number of Cards by Issuer 2002-2006
Table 16 Financial Cards: Number of Cards by Operator 2002-2006
Table 17 Financial Cards: Point of Sale Transactions by Acquirer 2002-2006
Table 18 Financial Cards Forecast: Transactions 2007-2012
Table 19 Financial Cards Forecast: Value 2007-2012
Table 20 Financial Cards Forecast: Number of Cards in Circulation 2007-2012
Table 21 Financial Cards: Forecast Number of Accounts 2007-2012
Table 22 Financial Cards Forecast: Number of Internet Transactions 2007-2012
Table 23 Financial Cards Forecast: Internet Transaction Value 2007-2012
DEFINITIONS
Cards by Type
Cardholder Behaviour
Card Expenditure by Sector
Value Lost to Card Fraud
Consumer Credit
Market Background
Sources
Summary 1 Research Sources
LOCAL COMPANY PROFILES - PORTUGAL
BANCO ESPIRITO SANTO SA - FINANCIAL CARDS - PORTUGAL
STRATEGIC DIRECTION
KEY FACTS
Summary 2 Banco Espirito Santo SA : Key Facts
Summary 3 Banco Espirito Santo SA: Operational Indicators
COMPANY BACKGROUND
COMPETITIVE POSITIONING
BANCO PORTUGUES DE INVESTIMENTO SA - FINANCIAL CARDS - PORTUGAL
STRATEGIC DIRECTION
KEY FACTS
Summary 4 Banco Portugues de Investimento SA: Key Facts
Summary 5 Banco Portugues de Investimento SA: Operational Indicators
COMPANY BACKGROUND
COMPETITIVE POSITIONING
CAIXA GERAL DE DEPOSITOS, GRUPO - FINANCIAL CARDS - PORTUGAL
STRATEGIC DIRECTION
KEY FACTS
Summary 6 Caixa Geral de Depositos, Grupo: Key Facts
Summary 7 Caixa Geral de Depositos, Grupo: Operational Indicators
COMPANY BACKGROUND
COMPETITIVE POSITIONING
MILLENNIUM BCP - FINANCIAL CARDS - PORTUGAL
STRATEGIC DIRECTION
KEY FACTS
Summary 8 Millennium BCP: Key Facts
Summary 9 Millennium BCP: Operational Indicators
COMPANY BACKGROUND
COMPETITIVE POSITIONING
REDUNICRE - FINANCIAL CARDS - PORTUGAL
STRATEGIC DIRECTION
KEY FACTS
Summary 10 REDUNICRE: Key Facts
Summary 11 REDUNICRE: Operational Indicators
COMPANY BACKGROUND
COMPETITIVE POSITIONING
SMART CARDS IN PORTUGAL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 24 Smart Cards Sector Performance: 2002-2007
Table 25 Smart Cards Sector Performance: % Growth 2002-2007
Table 26 Smart Cards: Memory Vs Microprocessor 2004-2007
Table 27 Smart Cards: Contact Vs Contactless 2004-2007
Table 28 Smart Cards: Forecast Sector Performance: 2007-2012
Table 29 Smart Cards: Forecast Sector Performance: % Growth 2007-2012
ATM TRANSACTIONS IN PORTUGAL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 30 ATM Cards Sector Performance: 2002-2007
Table 31 ATM Cards Sector Performance: % Growth 2002-2007
Table 32 ATM Cards: Forecast Sector Performance: 2007-2012
Table 33 ATM Cards: Forecast Sector Performance: % Growth 2007-2012
DEBIT TRANSACTIONS IN PORTUGAL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 34 Debit Cards Sector Performance: 2002-2007
Table 35 Debit Cards Sector Performance: % Growth 2002-2007
Table 36 Debit Cards: Number of Cards by Issuer 2002-2006
Table 37 Debit Cards: Number of cards by Operator 2002-2006
Table 38 Debit Cards Transactions by Acquirer 2002-2006
Table 39 Debit Cards Transaction Value by Operator 2002-2006
Table 40 Debit Cards: Forecast Sector Performance: 2007-2012
Table 41 Debit Cards: Forecast Sector Performance: % Growth 2007-2012
CREDIT CARD TRANSACTIONS IN PORTUGAL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 42 Credit Cards Sector Performance: 2002-2007
Table 43 Credit Cards Sector Performance: % Growth 2002-2007
Table 44 Personal Credit Cards Sector Performance: 2002-2007
Table 45 Personal Credit Cards Sector Performance: % Growth 2002-2007
Table 46 Corporate Credit Cards: Sector Performance: 2002-2007
Table 47 Corporate Credit Cards: Sector Performance: % Growth 2002-2007
Table 48 Credit Cards: Number of Cards by Issuer 2002-2006
Table 49 Credit Cards: Number of cards by Operator 2002-2006
Table 50 Credit Cards Transactions by Acquirer 2002-2006
Table 51 Credit Cards Transaction Value by Operator 2002-2006
Table 52 Personal Credit Cards Transactions by Acquirer 2002-2006
Table 53 Personal Credit Cards Transaction Value by Operator 2002-2006
Table 54 Corporate Credit Cards Transactions by Acquirer 2002-2006
Table 55 Corporate Credit Cards Transaction Value by Operator 2002-2006
Table 56 Credit Cards: Forecast Sector Performance: 2007-2012
Table 57 Credit Cards: Forecast Sector Performance: % Growth 2007-2012
Table 58 Personal Credit Cards: Forecast Sector Performance: 2007-2012
Table 59 Personal Credit Cards: Forecast Sector Performance: % Growth 2007-2012
Table 60 Corporate Credit Cards: Forecast Sector Performance: 2007-2012
Table 61 Corporate Credit Cards: Forecast Sector Performance: % Growth 2007-2012
CHARGE CARD TRANSACTIONS IN PORTUGAL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 62 Charge Cards Sector Performance: 2002-2007
Table 63 Charge Cards Sector Performance: % Growth 2002-2007
Table 64 Personal Charge Cards Sector Performance: 2002-2007
Table 65 Personal Charge Cards Sector Performance: % Growth 2002-2007
Table 66 Corporate Charge Cards: Sector Performance: 2002-2007
Table 67 Corporate Charge Cards: Sector Performance: % Growth 2002-2007
Table 68 Charge Cards: Number of Cards by Issuer 2002-2006
Table 69 Charge Cards: Number of cards by Operator 2002-2006
Table 70 Charge Cards Transactions by Acquirer 2002-2006
Table 71 Charge Cards Transaction Value by Operator 2002-2006
Table 72 Personal Charge Cards Transactions by Acquirer 2002-2006
Table 73 Personal Charge Cards Transaction Value by Operator 2002-2006
Table 74 Corporate Charge Cards Transactions by Acquirer 2002-2006
Table 75 Corporate Charge Cards Transaction Value by Operator 2002-2006
Table 76 Charge Cards: Forecast Sector Performance: 2007-2012
Table 77 Charge Cards: Forecast Sector Performance: % Growth 2007-2012
Table 78 Personal Charge Cards: Forecast Sector Performance: 2007-2012
Table 79 Personal Charge Cards: Forecast Sector Performance: % Growth 2007-2012
Table 80 Corporate Charge Cards: Forecast Sector Performance: 2007-2012
Table 81 Corporate Charge Cards: Forecast Sector Performance: % Growth 2007-2012
PRE-PAID CARD TRANSACTIONS IN PORTUGAL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 82 Pre-paid Cards Sector Performance: 2002-2007
Table 83 Pre-paid Cards Sector Performance: % Growth 2002-2007
Table 84 Pre-paid Cards: Number of Cards by Issuer 2002-2006
Table 85 Pre-paid Cards: Number of cards by Operator 2002-2006
Table 86 Pre-paid Cards Transactions by Acquirer 2002-2006
Table 87 Pre-paid Cards Transaction Value by Operator 2002-2006
Table 88 Pre-paid Cards by Type 2004-2007
Table 89 Pre-paid Cards: Forecast Sector Performance: 2007-2012
Table 90 Pre-paid Cards: Forecast Sector Performance: % Growth 2007-2012
STORE CARD TRANSACTIONS IN PORTUGAL
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 91 Store Cards Sector Performance: 2002-2007
Table 92 Store Cards Sector Performance: % Growth 2002-2007
Table 93 Store Cards: Number of Cards by Issuer 2002-2006
Table 94 Store Cards Transactions by Acquirer 2002-2006
Table 95 Store Cards: Forecast Sector Performance: 2007-2012
Table 96 Store Cards: Forecast Sector Performance: % Growth 2007-2012