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 moreApr 2016
US$1,325Added 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 global payment landscape has shifted as new entrants, new technologies and greater consumer expectations have contributed to the shift away from paper payments. Security and transparency are increasingly on the minds of governments, consumers and merchants who look to card networks and issuing institutions to develop products and services that make a payment transaction more valuable and efficient.
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.
The migration to EMV cards in the US was partially driven by card payment safety concerns following retailers being hacked in the market. Networks are also investing in developing the next security layer that can further reduce global fraud.
In Eastern Europe the launch of the Russian domestic network has potential to ignite a broader trend while in Western Europe regulation has lowered the interchange and cross-border fees that incentivise banks to issue cards.
Internet retailing continues to increase its share of retailing overall. Consumers are more likely to purchase goods on the go with mobile devices and tablets which greatly increase the convenience of paper payment alternatives.
More recently banked consumers are expanding their cards beyond traditional debit or open loop pre-paid with credit-related products in emerging markets.
Several markets are adopting more competitive practices to encourage paper payment alternatives. Allowing for non-traditional payment players to enter the space the cardable potential has greatly increased.
Debit is forecast to grow the most by card functions both in additional absolute value and by total CAGR from 2015 to 2020 largely led by previously unbanked consumers gaining access to financial products and services.
Russia’s plan to convert consumers away from paper is expected to make progress over the forecast period giving the market the highest expected card value CAGR from 2015 to 2020 of 16%. In absolute card payment value terms, China is forecast the greatest growth from 2015 to 2020.
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.