London, UK (PRWEB) May 05, 2015
Across Europe, the UK is deemed to be the largest and extremely competitive industry for payment cards, which accounted for just over 17.5% of the region’s overall transaction value and 20.3% of its total transaction volume as of 2014. The country’s market is mature, characterised by a high rate of penetration of credit and debit cards. Following the financial crunch, banks and card issuing companies were made to introduce bespoke products and services to protect their market share.
Consumers in the country, particularly the rising generation, are increasingly opting for more secure and faster payment options. This has resulted in cellular operators, different types of retailers as well as other service providers introducing quick and effective digital payment methods. Hence, payment cards will likely lose market share to alternative payment means over the next five years.
Owing to the gradual revival of the UK’s economy and rising employment opportunities starting from 2013, consumers have begun using credit cards oftener, though typically for low-value transactions at point-of-sale (POS) terminals as they rely on benefitting from low-rate long duration balance transfer facilities and various reward programmes.
Topical report “The Cards and Payments Industry in the UK: Emerging Trends and Opportunities to 2019” prepared by Timetric is available at MarketPublishers.com.
Title: The Cards and Payments Industry in the UK: Emerging Trends and Opportunities to 2019
Published: April, 2015
Price: US$ 3,995.00
The research study provides an all-encompassing, unbiased analysis of the market trends prevailing in the national cards and payments industry, in tandem with providing value and volume figures for a range of key industry performance indicators, including credit transfers, payments by check, cash transactions, direct debits and payment cards during 2010–2014. The report analyses various payment card markets involved in the industry, besides giving in-depth information on the number of cards in use, and transaction values and volumes during the historical analysis period and through to end-2019. The research publication scrupulously examines the competition in the domestic cards and payments marketplace, and also offers insights into issuers’ and schemes’ market shares.
Companies addressed: Lloyds Bank, HSBC, Santander UK, The Royal Bank of Scotland, American Express, Diners Club, MasterCard, Visa and Barclays Bank.
Reasons to Buy:
- Take proper strategic business decisions by making use of high-level market data related to the overall industry and each of its main segments.
- Get informed about key market trends and growth prospects in the industry.
- Assess the competitive scenario in the country’s cards and payments industry.
- Track the strategies used for marketing various cards.
- Obtain insights into the regulatory landscape and its influence.
- Examine actual and projected values for each segment in the national cards and payments industry.
- Understand the competition in the market and get access to profiles of local card issuing firms.
- Evaluate the strategies embraced by banking institutions to market different card types.
More topical studies by the publisher can be found at Timetric page.