European Card Market 2012 Update
New research from Mercator Advisory Group examines the latest developments in the European card market
MA - January 23, 2013 - With many European countries deeply mired in
economic and financial struggles, the European card market is also
feeling the effects of this climate.
European banking and payments industry faces challenges on multiple
fronts. In addition to economic recession, a long list of factors is
contributing to the risk faced by banks and payment companies, including
continuous regulatory scrutiny of banks' practices, the slowing credit
card industry, uncertainty about SEPA card schemes, and the need to
invest, especially in the areas of contactless and mobile payments. Not
all banks and payments companies are positioned to address these
challenges well; those that cannot stand to lose their market position
sooner than they realize.
Mercator Advisory Group's latest research report, European Card Market 2012 Update,
reviews the market, beginning with a discussion of the macroeconomic
environment and its implications. An overview of European payment card
market developments, market sizes, and major market trends is provided.
Select country markets are profiled at a high level. Strategic
developments, especially on SEPA-related issues such as new card schemes
and interchange, are discussed.
"The European card market is growing, but growth remains weak given the overall situation in the region," Terry Xie, director of Mercator Advisory Group's International Advisory Service and principal analyst on the report,
commented. "Consumers remain very cautious about spending as the region
went back into recession again in 2012. Consumers' preference for
better control of their overall purchases has benefited debit cards,
which recorded healthy growth despite the economy. Credit cards are
seeing more challenges. The whole European banking and payments industry
will need to continue to march forward with emerging payments such as
online payments and mobile payments while dealing with economic and
regulatory challenges to their revenues."
Highlights of the research findings include:
- The effect of the continuing European economic downturn on consumer spending and the regional payment card market
- 2012 growth and prospects for the near future
- Analysis of Europeans' use of debit and delayed debit (charge) cards in preference to credit cards
- Card payment volume by country and review of the countries with the fastest card payment penetration
- Discussion of SEPA schemes and market share of Visa Europe and MasterCard
One of the 13 exhibits included in this report:
The report is 29 pages long and contains 13 exhibits.
Companies and services mentioned in this report include
Barclaycard, Deutsche Telecom, European Alliance of Payment Schemes
(EAPS), MasterCard, Monnet, Payfair, Telefonia O2, Visa Europe, and
Members of Mercator Advisory International Advisory Service have
access to this report as well as the upcoming research for the year
ahead, presentations, analyst access and other membership benefits.
Please visit us online at www.mercatoradvisorygroup.com.
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About Mercator Advisory Group
Mercator Advisory Group
is the leading, independent research and advisory services firm
exclusively focused on the payments and banking industries. We deliver
pragmatic and timely research and advice designed to help our clients
uncover the most lucrative opportunities to maximize revenue growth and
contain costs. Our clients range from the world's largest payment
issuers, acquirers, processors, merchants and associations to leading
technology providers and investors. Mercator Advisory Group is also the
publisher of the online payments and banking news and information portal