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Country Report

Financial Cards and Payments in

Financial Cards and Payments in the Czech Republic

Nov 2020

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Executive Summary

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COVID-19 impact on consumer payments

The most obvious impact of the COVID-19 pandemic on financial cards and payments in the Czech Republic was the acceleration seen in the transition away from cash and towards card payments. 2019 was the first year during which cards payment transactions value exceeded ATM transactions value in the country and after this watershed year, the impact of the COVID-19 pandemic accelerated the pace of the shift away from the use of cash and towards alternatives, mainly debit cards and credit cards.

COVID-19 country impact

The first three confirmed cases of COVID-19 in the Czech Republic were reported on 1 March 2020. On 12 March, the government declared a nationwide state of emergency, the first time in the country's modern history that such a measure has been taken for the entire country.

Government support mitigates the worst impacts of the COVID-19 pandemic

Faced with a dramatic decline in consumer spending in response to the COVID-19 pandemic and the somewhat adverse and uncertain economic situation that has emerged over the course of 2020, the Czech government has taken steps to officially support the economy by boosting consumer expenditure. These efforts have focused on specific industry sectors and consisted in unconditional subsidies in the amount of CZK25,000 to each self-employed individual.

New regulations set to require stronger authentication for card payments

September 2019 saw the introduction of the revised Payment Services Directive (PSD2) across the EU. This new European legislation mandates stronger and more secure authentication of all card payments.

M-commerce comes to the fore as major global players launch in Czech Republic

Towards the end of the review period, the development of m-commerce took a huge step forward in the Czech Republic with the successful implementation of various mobile wallets that facilitate payment for a wide variety of m-commerce services. Indeed, by the end of 2019 the majority of major retail banks had begun offering their account holders the option to pay for m-commerce purchases via major global mobile wallets such as Apple Pay and Google Pay.

What next for consumer payments?

The impact of the COVID-19 pandemic is expected to continue influencing the Czech financial cards and payments industry throughout forecast period. Specifically, many of the new shopping and payment practices adopted by huge numbers of Czech people as the pandemic forced many consumers to review their ingrained shopping and payment habits are likely to be maintained once the pandemic situation has been resolved.

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Overview

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Overview

Discover the latest market trends and uncover sources of future market growth for the Financial Cards and Payments industry in Czech Republic with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Financial Cards and Payments industry in Czech Republic, our research will save you time and money while empowering you to make informed, profitable decisions.

The Financial Cards and Payments in Czech Republic market research report includes:

Analysis of key supply-side and demand trends
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Financial Cards and Payments in Czech Republic?
What are the major operators and issuers in Czech Republic?
How will regulation impact the market?
What is the current state of emerging payment technologies such as mobile commerce?

Why buy this report?

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

Euromonitor’s industry reports, including Financial Cards and Payments in Czech Republic, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.

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Financial Cards and Payments in the Czech Republic - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Government support mitigates the worst impacts of the COVID-19 pandemic

New regulations set to require stronger authentication for card payments

M-commerce comes to the fore as major global players launch in Czech Republic

What next for consumer payments?

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2015-2020
Table 2 Number of ATMs: Units 2015-2020
Table 3 Value Lost to Fraud 2015-2020
Table 4 Card Expenditure by Location 2020
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
Table 6 Domestic versus Foreign Spend 2020

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2015-2020
Table 8 Financial Cards by Category: Number of Accounts 2015-2020
Table 9 Financial Cards Transactions by Category: Value 2015-2020
Table 10 Financial Cards by Category: Number of Transactions 2015-2020
Table 11 Consumer Payments by Category: Value 2015-2020
Table 12 Consumer Payments by Category: Number of Transactions 2015-2020
Table 13 M-Commerce by Category: Value 2015-2020
Table 14 M-Commerce by Category: % Value Growth 2015-2020
Table 15 Financial Cards: Number of Cards by Issuer 2015-2019
Table 16 Financial Cards: Number of Cards by Operator 2015-2019
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 20 Forecast Financial Cards by Category: Number of Accounts 2020-2025
Table 21 Forecast Financial Cards Transactions by Category: Value 2020-2025
Table 22 Forecast Financial Cards by Category: Number of Transactions 2020-2025
Table 23 Forecast Consumer Payments by Category: Value 2020-2025
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
Table 25 Forecast M-Commerce by Category: Value 2020-2025
Table 26 Forecast M-Commerce by Category: % Value Growth 2020-2025

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

Summary 1 Research Sources

Charge Cards in the Czech Republic - Category analysis

KEY DATA FINDINGS

2020 IMPACT

COVID-19 put a huge dent in the use of commercial charge cards

Charge cards remains a relatively small niche not in competition with credit cards

Issuing of chip and pin cards supports growth in the number of cards in circulation

RECOVERY AND OPPORTUNITIES

Return of international travel set to be crucial to the recovery of charge cards

Lack of demand, low profitability make the return of personal charge cards unlikely

Personal charge cards likely to remain unappealing for the majority of Czechs

CATEGORY DATA

Table 27 Charge Cards: Number of Cards in Circulation 2015-2020
Table 28 Charge Cards Transactions 2015-2020
Table 29 Charge Cards in Circulation: % Growth 2015-2020
Table 30 Charge Cards Transactions: % Growth 2015-2020
Table 31 Commercial Charge Cards: Number of Cards in Circulation 2015-2020
Table 32 Commercial Charge Cards Transactions 2015-2020
Table 33 Commercial Charge Cards in Circulation: % Growth 2015-2020
Table 34 Commercial Charge Cards Transactions: % Growth 2015-2020
Table 35 Charge Cards: Number of Cards by Issuer 2015-2019
Table 36 Charge Cards: Number of Cards by Operator 2015-2019
Table 37 Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 38 Charge Cards Payment Transaction Value by Operator 2015-2019
Table 39 Commercial Charge Cards: Number of Cards by Issuer 2015-2019
Table 40 Commercial Charge Cards: Number of Cards by Operator 2015-2019
Table 41 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019
Table 42 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019
Table 43 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
Table 44 Forecast Charge Cards Transactions 2020-2025
Table 45 Forecast Charge Cards in Circulation: % Growth 2020-2025
Table 46 Forecast Charge Cards Transactions: % Growth 2020-2025
Table 47 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025
Table 48 Forecast Commercial Charge Cards Transactions 2020-2025
Table 49 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025
Table 50 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025

Credit Cards in the Czech Republic - Category analysis

KEY DATA FINDINGS

2020 IMPACT

COVID-19 brings pre-existing negative trends to the fore in credit cards

Czech banks increasingly see credit cards as out-of-step with their core businesses

Home Credit Finance remains the most prolific issuer of credit cards

RECOVERY AND OPPORTUNITIES

Shift towards e-commerce set to support the performance of credit cards

Commercial credit cards expected to bear the brunt of business cashflow pressures

The future looks bleak for airline co-branded credit cards and air mile programmes

CATEGORY DATA

Table 51 Credit Cards: Number of Cards in Circulation 2015-2020
Table 52 Credit Cards Transactions 2015-2020
Table 53 Credit Cards in Circulation: % Growth 2015-2020
Table 54 Credit Cards Transactions: % Growth 2015-2020
Table 55 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
Table 56 Commercial Credit Cards Transactions 2015-2020
Table 57 Commercial Credit Cards in Circulation: % Growth 2015-2020
Table 58 Commercial Credit Cards Transactions: % Growth 2015-2020
Table 59 Personal Credit Cards: Number of Cards in Circulation 2015-2020
Table 60 Personal Credit Cards Transactions 2015-2020
Table 61 Personal Credit Cards in Circulation: % Growth 2015-2020
Table 62 Personal Credit Cards Transactions: % Growth 2015-2020
Table 63 Credit Cards: Number of Cards by Issuer 2015-2019
Table 64 Credit Cards: Number of Cards by Operator 2015-2019
Table 65 Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 66 Credit Cards Payment Transaction Value by Operator 2015-2019
Table 67 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
Table 68 Commercial Credit Cards: Number of Cards by Operator 2015-2019
Table 69 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 70 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
Table 71 Personal Credit Cards: Number of Cards by Issuer 2015-2019
Table 72 Personal Credit Cards: Number of Cards by Operator 2015-2019
Table 73 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
Table 74 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
Table 75 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
Table 76 Forecast Credit Cards Transactions 2020-2025
Table 77 Forecast Credit Cards in Circulation: % Growth 2020-2025
Table 78 Forecast Credit Cards Transactions: % Growth 2020-2025
Table 79 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 80 Forecast Commercial Credit Cards Transactions 2020-2025
Table 81 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 82 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
Table 83 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 84 Forecast Personal Credit Cards Transactions 2020-2025
Table 85 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
Table 86 Forecast Personal Credit Cards Transactions: % Growth 2020-2025

Debit Cards in the Czech Republic - Category analysis

KEY DATA FINDINGS

2020 IMPACT

The use of debit cards shifts towards contactless payments at points of sale

Medium-sized online banks gain importance as debit card issuers

COVID-19 hits commercial debit cards much harder than personal debit cards

RECOVERY AND OPPORTUNITIES

Strong recovery in debit cards due to shift towards contactless payments

Corporate debit cards to continue struggling in a subdued business environment

M-commerce set to emerge strongly, raising hopes for stronger growth in debit cards

CATEGORY DATA

Table 87 Debit Cards: Number of Cards in Circulation 2015-2020
Table 88 Debit Cards Transactions 2015-2020
Table 89 Debit Cards in Circulation: % Growth 2015-2020
Table 90 Debit Cards Transactions: % Growth 2015-2020
Table 91 Debit Cards: Number of Cards by Issuer 2015-2019
Table 92 Debit Cards: Number of Cards by Operator 2015-2019
Table 93 Debit Cards Payment Transaction Value by Issuer 2015-2019
Table 94 Debit Cards Payment Transaction Value by Operator 2015-2019
Table 95 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
Table 96 Forecast Debit Cards Transactions 2020-2025
Table 97 Forecast Debit Cards in Circulation: % Growth 2020-2025
Table 98 Forecast Debit Cards Transactions: % Growth 2020-2025

Pre-Paid Cards in the Czech Republic - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Pre-paid cards avoids the worst impact of the COVID-19 pandemic

COVID-19 piles further pressure on merchant issued gift cards

Transportation cards set to take some time to bounce back from COVID-19 losses

RECOVERY AND OPPORTUNITIES

Slow growth in pre-paid cards expected to be the legacy of the COVID-19 pandemic

General-purpose reloadable cards destined to remain a peripheral pre-paid category

Merchant issued gift cards set to be usurped by network branded gift cards

CATEGORY DATA

Table 99 Pre-paid Cards: Number of Cards in Circulation 2015-2020
Table 100 Pre-paid Cards Transactions 2015-2020
Table 101 Pre-paid Cards in Circulation: % Growth 2015-2020
Table 102 Pre-paid Cards Transactions: % Growth 2015-2020
Table 103 Closed Loop Pre-paid Cards Transactions 2015-2020
Table 104 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 105 Open Loop Pre-paid Cards Transactions 2015-2020
Table 106 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
Table 107 Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 108 Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 109 Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 110 Pre-paid Cards Transaction Value by Operator 2015-2019
Table 111 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 112 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 113 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 114 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 115 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
Table 116 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
Table 117 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
Table 118 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
Table 119 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 120 Forecast Pre-paid Cards Transactions 2020-2025
Table 121 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
Table 122 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
Table 123 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
Table 124 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 125 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
Table 126 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025

Megatrends

Country Report

Financial Cards and Payments in the Czech Republic

New Report Guarantee

Executive Summary

New Report Guarantee

COVID-19 impact on consumer payments

COVID-19 country impact

Government support mitigates the worst impacts of the COVID-19 pandemic

New regulations set to require stronger authentication for card payments

M-commerce comes to the fore as major global players launch in Czech Republic

What next for consumer payments?

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Financial Cards and Payments in the Czech Republic - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on consumer payments

COVID-19 country impact

Government support mitigates the worst impacts of the COVID-19 pandemic

New regulations set to require stronger authentication for card payments

M-commerce comes to the fore as major global players launch in Czech Republic

What next for consumer payments?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

Charge Cards in the Czech Republic - Category analysis

KEY DATA FINDINGS

2020 IMPACT

COVID-19 put a huge dent in the use of commercial charge cards

Charge cards remains a relatively small niche not in competition with credit cards

Issuing of chip and pin cards supports growth in the number of cards in circulation

RECOVERY AND OPPORTUNITIES

Return of international travel set to be crucial to the recovery of charge cards

Lack of demand, low profitability make the return of personal charge cards unlikely

Personal charge cards likely to remain unappealing for the majority of Czechs

CATEGORY DATA

Credit Cards in the Czech Republic - Category analysis

KEY DATA FINDINGS

2020 IMPACT

COVID-19 brings pre-existing negative trends to the fore in credit cards

Czech banks increasingly see credit cards as out-of-step with their core businesses

Home Credit Finance remains the most prolific issuer of credit cards

RECOVERY AND OPPORTUNITIES

Shift towards e-commerce set to support the performance of credit cards

Commercial credit cards expected to bear the brunt of business cashflow pressures

The future looks bleak for airline co-branded credit cards and air mile programmes

CATEGORY DATA

Debit Cards in the Czech Republic - Category analysis

KEY DATA FINDINGS

2020 IMPACT

The use of debit cards shifts towards contactless payments at points of sale

Medium-sized online banks gain importance as debit card issuers

COVID-19 hits commercial debit cards much harder than personal debit cards

RECOVERY AND OPPORTUNITIES

Strong recovery in debit cards due to shift towards contactless payments

Corporate debit cards to continue struggling in a subdued business environment

M-commerce set to emerge strongly, raising hopes for stronger growth in debit cards

CATEGORY DATA

Pre-Paid Cards in the Czech Republic - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Pre-paid cards avoids the worst impact of the COVID-19 pandemic

COVID-19 piles further pressure on merchant issued gift cards

Transportation cards set to take some time to bounce back from COVID-19 losses

RECOVERY AND OPPORTUNITIES

Slow growth in pre-paid cards expected to be the legacy of the COVID-19 pandemic

General-purpose reloadable cards destined to remain a peripheral pre-paid category

Merchant issued gift cards set to be usurped by network branded gift cards

CATEGORY DATA

Store Cards in the Czech Republic - Category analysis

2020 IMPACT

Store cards not expected to emerge strongly in the Czech Republic

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