www.MarketResearchReports.com Norway's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape Category : Banking & Finance All logos and Images mentioned on this slide belong to their respective owners.
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Norway's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
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www.MarketResearchReports.com
Norway's Cards and Payments
Industry: Emerging Opportunities, Trends,
Size, Drivers, Strategies, Products and
Competitive Landscape
Category : Banking & Finance
All logos and Images mentioned on this slide belong to their respective owners.
The Norwegian card payments channel registered significant growth during the review period (2009–2013). In terms of number of cards in circulation, the card payments channel grew at a CAGR of 2.86% to reach 18.6 million cards by the end of 2013.
In value terms, the channel valued NOK647.9 billion (US$108.9 billion) in 2013. Changing lifestyle demographics, the increased popularity of online shopping and higher disposable per capita incomes supported the growth of the number of cards in circulation.
Research Findings The highest share in 2013 was occupied by the debit
card category which accounted for 37.7% of the cards in circulation.
The number of debit cards in circulation grew from 6.1 million in 2009 to 7.0 million in 2013, and is expected to record a CAGR of 0.46% over the forecast period to reach 7.2 million by 2018.
During the review period, the total number of cards increased from 16.6 million in 2009 to 20.5 million in 2013, at a CAGR of 2.86%.
However, total card fraud transaction values recorded a CAGR of -9.68%, falling from NOK214.7 million (US$34.1 million) in 2009 to NOK142.9 million (US$24.0 million) in 2013.
Research Findings Continues.. The adoption of EMV cards remains the major
driving factor in reducing the instances of card fraud, as it has replaced traditional magnetic strip cards with chip-based security. The number of EMV cards in circulation increased from 6.5 million in 2009 to 12.5 million in 2013.
Over the forecast period, the value of m-payments is expected to increase from NOK4.7 billion (US$0.8 billion) in 2014 to NOK12.3 billion (US$1.9 billion) in 2018.
1. Executive Summary2. Analysis of Industry Environment, Key Trends and Drivers3. Cards and Payments Industry Share Analysis4. Regulatory Framework and Card Fraud Statistics5. Emerging Consumer Attitudes and Trends6. Analysis of Card Payments and Growth Prospects7. Analysis of Credit Card Payments and Growth Prospects8. Analysis of Debit Card Payments and Growth Prospects9. Analysis of Charge Card Payments and Growth Prospects10. Analysis of Prepaid Card Payments and Growth Prospects11. Merchant Acquiring12. Company Profiles of Card Issuers13. Appendix
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