The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreFeb 2014
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The largest international card networks faced a variety of challenges in 2013 but have emerged well positioned for 2014. Many have made progress in developing online payment platforms that will utilise the potential for payments on mobile phones and increase the convenience of online payments. Regulation continues to be a leading concern for international networks, however several settlements in 2013 have lowered uncertainty in many areas.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
More debit cards were issued in 2013 than credit yet again. Interchange limits in some markets have made the function less profitable for issuers but have lowered the cost of acceptance for merchants.
While many operators have sought to consolidate previous acquisitions, MasterCard and American Express have continued. Their acquisitions have been focused primarily on various aspects of mobile payment technology.
Each of the leading operators launched or were involved in the pilot phase of a mobile wallet in 2012 and 2013. All of these rely on NFC technology to communicate with the contactless POS terminals.
The biggest challenge the operators have faced in mobile wallet adoption is providing consumers with enough incentives to sign up. Leveraging their merchant relationships, a few networks are making progress.
The 2015 deadline for EMV compliance is quickly approaching in the US, but in 2013 smartcards only made up 4% of total cards in circulation. The networks driving the transition may incur greater costs in migrating the system.
Throughout the developed world, the international operators have settled on interchange limits that have notably reduced the profitability of card payments. With a shrinking pool of revenue, the share taken by the networks is also likely to decrease over the forecast period.
Domestic operating schemes are popping up all over the globe and increasing competition for the networks. Many with explicit government support can gain scale quickly with lower costs and mandatory acceptance.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.