Emerging Opportunities in the UK Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape


#155701

116pages

Timetric

$ 4495

In Stock


Synopsis

The report provides market analysis, information and insights into the UKs cards and payments industry, including:
  • Current and forecast values for each segment of the UKs cards and payments industry including debit cards, credit cards, prepaid cards and charge cards
  • Comprehensive analysis of the industrys market attractiveness and future growth areas
  • Analysis of various market drivers and regulations governing the UK's cards and payments industry
  • Detailed analysis of the marketing strategies adopted for selling prepaid cards used by various bankers and other institutions in the market
  • Comprehensive analysis of consumer attitudes and their buying preferences for cards
  • Competitive landscape of the UK's cards and payments industry

Summary

The UK cards and payments industry grew at a CAGR of 4.11% during the review period. The largest share of the industry was occupied by the debit card category with a 45.2% share in 2012, followed by the prepaid card category which claimed 26.1% of the overall industry in 2012. This trend is expected to continue during the forecast period. In 2017 the prepaid card category is projected to occupy 37.7% of the overall industry. The credit card category share is expected to decline from 27.6% in 2012 to 21.8% in 2017 at a CAGR of -0.53%. The emergence of contactless payments is expected to increase the scope of card based payments in the UK. Contactless cards were first issued in the UK in 2007 and, as of 2012, there were nearly 23 million cards in circulation. Top banks that have rolled out contactless payments include Barclays, Lloyds, Bank of America (MBNA), HSBC and RBS. The emergence of contactless payments has encouraged customers to opt for card based payments, as such transactions are secure and can be processed much faster compared to traditional card based transactions. Contactless payments are also expanding to post offices and other retail segments. The recent ruling increasing the price limit of contactless transactions from GBP15 (US$24.05) to GBP20 (US$32.07) is also expected to shift low value cash based transactions to cards.

Scope
  • This report provides a comprehensive analysis of the UKs cards and payments industry
  • It provides current values for the UKs cards and payments industry for 2012 and forecast figures for 2017
  • It details the different macroeconomic, infrastructural, consumer and business drivers affecting the UKs cards and payments industry
  • It outlines the current regulatory framework in the industry
  • It details the marketing strategies used by various bankers and other institutions
  • It profiles the major banks in the UKs cards and payments industry

Reasons To Buy
  • Make strategic business decisions using historic and forecast market data related to the UKs cards and payments industry and each market within it
  • Understand the key market trends and growth opportunities within the UKs cards and payments industry
  • Assess the competitive dynamics in the UKs cards and payments industry
  • Gain insights into the marketing strategies used for selling various types of cards in the UK
  • Gain insights into key regulations governing the UKs cards and payment industry

Key Highlights
  • The UK cards and payments industry grew at a CAGR of 4.11% during the review period. The largest share of the industry was occupied by the debit card category with a 45.2% share in 2012, followed by the prepaid card category which claimed 26.1%. 
  • In 2017 the prepaid card category is projected to occupy 37.7% of the overall industry. 
  • Proposed regulatory reform to eliminate payment card surcharges to encourage card use. 
  • Decreasing appetite for credit fuelled spending to reduce credit card category share.
  • Competitive pricing and attractive introductory interest rate by banks to expand customer base.