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The Cards And Payments Industry In Sweden: Emerging Trends And Opportunities To 2021

Published on: Dec 2016 | From USD $2750 | Published By: GLOBAL DATA | Number Of Pages: 64

The Cards and Payments Industry in Sweden: Emerging Trends and Opportunities to 2021

Summary
GlobalData's 'The Cards and Payments Industry in Sweden: Emerging Trends and Opportunities to 2021' report provides top-level market analysis, information and insights into the Swedish cards and payments industry, including:

- Current and forecast values for each market in the Swedish cards and payments industry, including debit, credit and charge cards.

- Detailed insights into payment instruments including credit transfers, direct debits, check payments, cash transactions and payment cards. It also, includes an overview of the country's key alternative payment instruments.

- E-commerce market analysis and payment methods.

- Analysis of various market drivers and regulations governing the Swedish cards and payments industry.

- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

- Comprehensive analysis of consumer attitudes and buying preferences for cards.

- The competitive landscape in the Swedish cards and payments industry.

Key Findings
- This report provides a comprehensive analysis of the Swedish cards and payments industry.

- It provides current values for the Swedish cards and payments industry for 2016, and forecast figures to 2021.

- It details the different demographic, economic, infrastructural and business drivers affecting the Swedish cards and payments industry.

- It outlines the current regulatory framework in the industry.

- It details marketing strategies used by various banks and other institutions.

Synopsis
GlobalData's 'The Cards and Payments Industry in Sweden: Emerging Trends and Opportunities to 2021' report provides detailed analysis of market trends in the Swedish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, check payments, cash transactions and payment cards during the review period (2012-2016).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2017-2021). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Reasons To Buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Swedish cards and payments industry and each market within it.

- Understand the key market trends and growth opportunities in the Swedish cards and payments industry.

- Assess the competitive dynamics in the Swedish cards and payments industry.

- Gain insights into marketing strategies used for various card types in Sweden.

- Gain insights into key regulations governing the Swedish cards and payments industry.

Key Highlights
- To capitalize on the growing e-commerce market, in January 2016, Swedish banks expanded Swish, a widely used mobile app for online transactions. The app was previously used only for peer-to-peer (P2P) and in-store payments. Swish is owned by a consortium of six Swedish banks - Danske Bank, Handelsbanken, Länsförsäkringar Bank, Nordea, SEB and Swedbank. Swish has grown in popularity since its launch, with 4.9 million users in Sweden as of November 2016. In May 2016, US$892.3 million (SEK7.5 billion) worth of transactions were performed using Swish, rising to US$994.3 million (SEK8.4 billion) in November 2016.

- To provide convenient and secure online payments for Swedish consumers, MasterCard launched the MasterPass digital wallet in December 2015, in association with Nordea, SEB and Swedbank, followed by ICA Banken and Resurs Bank in early 2016. In October 2016, MasterCard introduced Identity Check Mobile - a biometric mobile application for secured online shopping - in Sweden and 11 other markets in Europe. The app authenticates online payments by confirming the user's identity through the fingerprint scanner on a smartphone, or by taking a 'selfie' and using facial-recognition technology.

- Contactless technology is still at a nascent stage of development in Sweden, with only a handful of banks - such as ICA Banken and Danske Bank - offering contactless cards. The number of contactless cards increased threefold from 439,707 in 2015 to 1.5 million in 2016, and is anticipated to reach 15.0 million by 2021. With a rising number of small businesses and street vendors accepting payment cards for small-value transactions, the introduction of contactless technology is expected to drive payment card transaction volumes over the forecast period.

1 Definitions and Methodology
1.1 Definitions
1.2 Methodology
2 Key Facts and Highlights
3 Executive Summary
4 Payment Instruments
4.1 Current Payment Environment
5 E-Commerce and Alternative Payments
5.1 E-Commerce Market Analysis
5.2 Alternative Payment Solutions
5.2.1 Klarna
5.2.2 Swish
5.2.3 Seqr
5.2.4 PayPal
5.2.5 Trustly
5.2.6 MasterPass
5.2.7 Pay by palm
5.2.8 WyWallet
6 Regulations in the Cards and Payments Industry
6.1 Regulatory Framework
6.1.1 SEPA cards framework
6.1.2 Swedish laws regarding card use
6.1.3 EBA guidelines on online payment security
6.1.4 Interchange fee regulation
6.2 Anti-Money Laundering (AML)
6.3 Foreign Direct Investment (FDI) Regulations
7 Analysis of Cards and Payments Industry Drivers
8 Payment Cards
9 Debit Cards
9.1 Debit Cards Market Analysis
9.2 Competition in the Debit Cards Market
9.3 Debit Cards Comparison
10 Pay Later Cards
10.1 Pay Later Card Market Analysis
10.2 Competition in the Pay Later Cards Market
10.3 Pay Later Cards Comparison
11 Card Issuers
11.1 Swedbank
11.2 Svenska Handelsbanken
11.3 Nordea Bank
11.4 Länsförsäkringar Bank
11.5 Skandinaviska Enskilda Banken (SEB)
12 Prepaid Cards
13 Merchant Acquiring
14 Appendix
14.1 Tables
14.2 Contact GlobalData
14.3 About GlobalData
14.4 GlobalData's Services
14.5 Disclaimer

Figure 1: Sweden - Payment Instrument Shares by Transaction Value (%), 2012 vs. 2016
Figure 2: Sweden - Payment Instrument Shares by Transaction Volume (%), 2012 vs. 2016
Figure 3: Sweden - E-Commerce Value, 2012-2021
Figure 4: Sweden - E-Commerce Payment Methods, 2016
Figure 5: Sweden - Population
Figure 6: Sweden - Economic Indicators
Figure 7: Sweden - ATMs and POS Terminals
Figure 8: Sweden - Household Consumption
Figure 9: Sweden - Growth in Payment Cards Transaction Values, 2012-2016
Figure 10: Sweden - Number of Cards in Circulation by Type, 2012-2016
Figure 11: Sweden - Debit Card Penetration, 2016
Figure 12: Sweden - Turnover Per Debit Card, 2016
Figure 13: Sweden - Debit Card Scheme Share in Terms of Transaction Value, 2016
Figure 14: Sweden - Debit Card Issuer Share in Terms of Transaction Value, 2016
Figure 15: Sweden - Pay Later Cards Penetration, 2016
Figure 16: Sweden - Turnover Per Pay Later Card, 2016
Figure 17: Sweden - Pay Later Cards Scheme Share in Terms of Transaction Value, 2016
Figure 18: Sweden - Pay Later Cards Issuer Share in Terms of Transaction Value, 2016
Figure 19: Sweden - Number of Prepaid Cards in Circulation, 2015-2021
Figure 20: Sweden - Prepaid Cards Transaction Value, 2015-2021
Figure 21: Sweden - Merchant Acquiring Transaction Volume and Value, 2011-2020
Figure 22: Sweden - Acquirers' Market Share in Terms of Transaction Volume and Value (%), 2015
Figure 23: Sweden - Average Merchant Service Charge and Interchange Fee (%), 2011-2020

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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