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.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreNov 2020
US$2,100Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
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.
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.
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.
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.
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.
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.
Files are delivered directly into your account within a few minutes of purchase.
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.
Delivery: Files are delivered directly into your account within a few minutes of purchase.
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:
Our market research reports answer questions such as:
Why buy this report?
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.
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.