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Emerging Opportunities in the Credit Cards Market in Latvia: Market Size, Industry Drivers and Consumer Trends

Published By :

Timetric

Published Date : Sep 2013

Category :

Banking

No. of Pages : 50 Pages


Synopsis

  • Timetrics \'Emerging Opportunities in the Credit Card Market in Latvia: Market Size, Industry Drivers and Consumer Trends\' provides market analysis, information and insights into the credit card market in Latvia
  • Current and forecast market values for the credit card industry
  • Market attractiveness and future growth prospects for the cards and payment industry in Latvia
  • Analysis of various market drivers and regulations governing the cards and payment industry in Latvia
  • Detailed analysis of the marketing strategies adopted for selling credit card 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 cards and payment industry in Latvia

Summary

Emerging Opportunities in the Credit Cards Market in Latvia: Market Size, Industry Drivers and Consumer Trends is the result of extensive research into the Financial Services industry covering the credit card market in Latvia. The report provides insights on emerging consumer attitudes and market trends, and also provides market size and growth potential by number of cards, transaction value and transaction volume of credit cards in Latvia. This report also includes competitive landscape, industry dynamics and strategies adopted by the key competitors in the Latvian cards and payment industry.

Scope

  • This report provides a comprehensive analysis of credit card industry in Latvia
  • It provides current values for credit card industry for 2012 and forecast figures for 2017
  • It details the different macroeconomic, infrastructural, consumer and business drivers affecting Latvia cards and payment industry
  • It outlines the current regulatory framework in the industry

Reasons To Buy

  • Make strategic business decisions using historic and forecast market data related to the credit card market in Latvia
  • Understand the key market trends and growth opportunities for the credit card industry in Latvia
  • Assess the competitive dynamics in Latvia cards and payment industry
  • Gain insights into the marketing strategies used for selling credit card in Latvia
  • Gain insights into key regulations governing the cards and payment industry in Latvia
Table of Content

1 INTRODUCTION
1.1 What is this Report About?
1.2 Definitions

2 INDUSTRY ATTRACTIVENESS AND FUTURE PROSPECTS OF THE CARDS AND PAYMENTS INDUSTRY

3 ANALYSIS OF LATVIAS CARDS AND PAYMENTS INDUSTRY DRIVERS
3.1 Infrastructure Drivers
3.1.1 Increasing acceptance of EMV cards
3.1.2 Contactless and NFC technology as payment terminals
3.1.3 Wide acceptance of electronic (or digital) wallets
3.1.4 Growing market for smart cards
3.1.5 Growing number of ATMs and POS terminals
3.2 Business Drivers
3.2.1 Growth in retail sector
3.2.2 Increasing competition
3.2.3 Growth in e-commerce
3.2.4 Outbound business and leisure travel and tourism
3.3 Consumer Drivers
3.3.1 Annual disposable income
3.3.2 Consumer confidence index
3.3.3 Consumer spending habits
3.4 Economic Fundamentals
3.4.1 Stable GDP growth
3.4.2 Stable inflation rate
3.4.3 Unemployment rate
3.5 Regulatory Framework
3.5.1 SEPA cards framework
3.5.2 Anti-money laundering

4 EMERGING CONSUMER ATTITUDES AND TRENDS
4.1 Market Segmentation and Targeting
4.1.1 Retail segment
4.1.2 Corporate segment
4.2 Consumer Preference
4.2.1 Price
4.2.2 Services
4.2.3 Convenience
4.3 Preferred Payment Methods

5 COMPETITIVE LANDSCAPE AND INDUSTRY DYNAMICS
5.1 Industry Share Analysis by Payment Channels
5.1.1 Overview of payment channels
5.1.2 Credit transfers
5.1.3 Direct debit
5.1.4 Card payments
5.1.5 Check payments
5.2 Credit Cards
5.2.1 By bank
5.2.2 By scheme

6 STRATEGIES ADOPTED BY KEY PLAYERS
6.1 Market Entry Strategies
6.2 Marketing and Product Strategy
6.2.1 Credit cards

7 INDUSTRY SIZE AND GROWTH POTENTIAL OF CARD PAYMENTS CHANNEL
7.1 Total Market Size and Forecast of Card Payments Channel
7.1.1 Analysis by number of cards
7.1.2 Analysis by transaction value
7.1.3 Analysis by transaction volume
7.2 Credit Card Category Size and Forecast
7.2.1 Analysis by number of cards
7.2.2 Analysis by transaction value
7.2.3 Analysis by transaction volume
7.2.4 Other key performance indicators

8 APPENDIX
8.1 Methodology
8.2 Contact Us
8.3 About Timetric
8.4 Our Services
8.5 Disclaimer

List of Table

Table 1: Cards and Payments Key Definitions
Table 2: Latvian Annual Disposable Income (LVL Million), 20082017
Table 3: Latvian Payment Channels (LVL Million), 20082012
Table 4: Latvian Card Payments Channel Size by Volume (Thousands), 20082017
Table 5: Latvian Card Payments Channel Size by Transaction Value (LVL Million), 20082017
Table 6: Latvian Card Payments Channel Size by Transaction Value (US$ Million), 20082017
Table 7: Latvian Card Payments Channel Size by Transaction Volume (Million), 20082017
Table 8: Latvian Credit Card Category Size by Volume (Thousands), 20082017
Table 9: Latvian Credit Card Category Size by Transaction Value (LVL Million), 20082017
Table 10: Latvian Credit Card Category Size by Transaction Value (US$ Million), 20082017
Table 11: Latvian Credit Card Category Size by Transaction Volume (Million), 20082017
Table 12: Latvian Credit Card Category Size by Frequency of Use (Transactions per Card per Year), 20082017
Table 13: Latvian Credit Card Category Size by Average Transaction Value (LVL), 20082017
Table 14: Latvian Credit Card Category Size by Average Transaction Value (US$), 20082017

List of Chart

Figure 1: Latvia Growth of Various Card Categories (%), 20082017
Figure 2: Prepaid Cards Category Share by Number of Cards in Latvia (%), 2012 and 2017
Figure 3: Latvian Cards and Payments Industry Drivers
Figure 4: Migration of SEPA cards to EMV, 20102012
Figure 5: EMV Adoption Level Globally, 2013
Figure 6: Number of ATMs and POS Terminals in Latvia (Thousand), 20082017
Figure 7: Monthly Latvian Retail Sales Growth (%), 20112013
Figure 8: Internet Access by Age Group (Years) in Latvia (%), 2011
Figure 9: Outbound Expenditure on Travel and Tourism (LVL Million), 20082012
Figure 10: Latvian Annual Disposable Income (LVL Million), 20082017
Figure 11: Latvian Consumer Confidence Index, 20102013
Figure 12: GDP Growth Rate (%), 20082017
Figure 13: Inflation Rate (%), 20082017
Figure 14: Total Unemployment Rate (%), 20082017
Figure 15: Latvian Cards Payments Channel Segmentation by Card Type
Figure 16: Types of Cards Offered by Banks in Latvia
Figure 17: Cards for Premium Customers in Latvia
Figure 18: Comparison of Latvias Young Population and Other Ages (%), 2012
Figure 19: Corporate Cards Offered in Latvia
Figure 20: Shares of Payment Channels in Latvia (%), 2012
Figure 21: Value of Latvian Credit Transfers (LVL Million), 20082012
Figure 22: Value of Latvian Direct Debit Transactions (LVL Million), 20082012
Figure 23: Value of Latvian Card Payments (LVL Million), 20082012
Figure 24: Value of Latvian Check Payments (LVL Million), 20082012
Figure 25: Latvian Credit Card Category Shares by Bank (%), 2011
Figure 26: Latvian Credit Card Category Shares by Scheme (%), 2011
Figure 27: Market Entry Strategies of Foreign Banks in Latvia
Figure 28: Latvian Marketing and Product Strategies Based on Card Type
Figure 29: Latvian Card Payments Channel Size by Volume (Thousands), 20082017
Figure 30: Latvian Card Payments Channel Size by Transaction Value (LVL Million), 20082017
Figure 31: Latvian Card Payments Channel Size by Transaction Volume (Million), 20082017
Figure 32: Latvian Credit Card Category Size by Volume (Thousands), 20082017
Figure 33: Latvian Credit Card Category Size by Transaction Value (LVL Million), 20082017
Figure 34: Latvian Credit Card Category Size by Transaction Volume (Million), 20082017
Figure 35: Latvian Credit Card Category Size by Frequency of Use (Transactions per Card per Year), 20082017
Figure 36: Latvian Credit Card Category Size by Average Transaction Value (LVL), 20082017

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