866-997-4948(US-Canada Toll Free)

The Cards and Payments Industry in Denmark: Emerging Trends and Opportunities to 2020

Published By :

Timetric

Published Date : May 2016

Category :

Banking

No. of Pages : 60 Pages

Synopsis
Timetrics 'The Cards and Payments Industry in Denmark: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Danish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, payment cards, cash transactions, direct debits and credit transfers during the review period (20112015).

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 (20162020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetrics 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.

Summary
Timetrics 'The Cards and Payments Industry in Denmark: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Danish cards and payments industry, including:

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

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

E-commerce market analysis and payment types.

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

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

Comprehensive analysis of consumer attitudes and buying preferences for cards.

The competitive landscape in the Danish cards and payments industry.

Scope
This report provides a comprehensive analysis of the Danish cards and payments industry.

It provides current values for the Danish cards and payments industry for 2015, and forecast figures to 2020.

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

It outlines the current regulatory framework in the industry.

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

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

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

Assess the competitive dynamics in the Danish cards and payments industry.

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

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

Key Highlights
According to Timetric, Denmark had the highest number of contactless terminals and the second-highest number of contactless cards in the Nordic region in 2015. As of November 2015, there were 5.3 million contactless cards (equivalent to 55.6% of overall payments cards), and 61,600 contactless POS terminals in the country, representing roughly 43.8% of the overall number of POS terminals. To capitalize on the growing popularity of contactless technology, Danske Bank and Jyske Bank began offering contactless Dankort cards from August 2015. Contactless mobile payments (m-payments) are also gaining prominence. Nets entered into an agreement with JCB in April 2016, allowing merchants to accept Dankort debit card payments via smartphones using J/Speedy, JCB's contactless technology. J/Speedy can be used to make contactless payments up to US$29.8 (DKK200), and a security code is required for transactions above this amount.

To capitalize on the increasing number of transactions made at retail outlets, a number of mobile POS (mPOS) providers including mobile and table are making a foray into the Danish cards and payments industry. The latest of these is the introduction of a cloud-based POS solution by the Danish startup Shopbox in April 2016. This solution provides faster transaction processing at small merchants such as coffee shops, clubs and sports arenas. Shopboxs POS solution runs on both iOS and Windows-based tablets. In February 2015, iZettle launched the iZettle Card Reader Lite. It is a chip and PIN card reader that can be connected to tablets and smartphones to accept card-based payments.

To further expand its network in the Nordic and Baltic regions, the Nordic payment service provider Nets signed a US$255.5 million (DKK 1.7 billion) agreement with Nordea in June 2015 to acquire its merchant acquiring business. This agreement enables Nets to serve 240,000 merchants across the Nordic and Baltic regions. The company is also focused on the improvement of payment infrastructure, and signed an agreement with Dansk Supermarked in 2014 to upgrade its existing POS terminals with contactless technology across all its 600 retail stores. Similarly, to modernize the digital infrastructure in Denmark, Nets signed an agreement with Danish banks and the Danish Chamber of Commerce in 2014, to launch contactless Dankort cards.
Table of Contents
1 Definitions and Methodology
1.1 Definitions
1.2 Methodology
2 Key Facts and Events
3 Executive Summary
4 Payment Instruments
4.1 Current Payment Environment
5 E-Commerce
5.1 E-Commerce Market Analysis
6 Alternative Payments
6.1 Alternative Payment Instruments
6.1.1 MobilePay
6.1.2 PayPal
6.1.3 Klarna
6.1.4 Trustly
7 Regulations in the Cards and Payments Industry
7.1 Regulatory Framework
7.1.1 New rules for calculating regular and surcharge fees on physical trades
7.1.2 Single Euro Payments Area (SEPA) cards framework
7.1.3 Guidelines and requirements of the Payment Services Directive (PSD)
7.2 Anti-Money Laundering (AML)
7.3 Foreign Direct Investment (FDI) Regulations
8 Analysis of Cards and Payments Industry Drivers
8.1 Demographic Drivers
8.2 Economic Drivers
8.3 Infrastructure Drivers
8.4 Business Drivers
9 Market Segmentation and New Product Launches
9.1 Market Segmentation and Targeting
9.1.1 Consumer cards
9.1.2 Commercial cards
9.2 New Product Launches
10 Payment Cards
10.1 Payment Cards Market Analysis
10.1.1 Volume and value of payment card transactions by type
11 Debit Cards
11.1 Debit Card Market Analysis
11.1.1 Debit card transaction volumes and values by channel
11.1.2 Debit card scheme and issuer shares in terms of transaction value
11.1.3 Debit cards comparison
12 Pay Later Cards
12.1 Pay Later Cards Market Analysis
12.1.1 Pay later cards transaction volumes and values by channel
12.1.2 Pay later cards scheme and issuer shares in terms of transaction value
12.1.3 Pay later cards comparison
13 Commercial Pay Later Cards
13.1 Commercial Pay Later Cards Market Analysis
13.1.1 Commercial pay later cards comparison
14 Card Issuers
14.1 Danske Bank
14.2 Nordea
14.3 Sydbank
14.4 Nykredit Bank
14.5 Skandinaviska Enskilda Banken
15 Merchant Acquiring
15.1 Merchant Acquiring Market Analysis
16 Appendix
16.1 Tables
16.2 Contact Timetric
16.3 About Timetric
16.4 Timetrics Services
16.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Denmark Key Facts, 2015
Table 4: Regional Benchmarking of Danish Payment Cards, 2015
Table 5: Denmark Mode of Entry of Foreign Banks
Table 6: Cards for High-Income Consumers, 2016
Table 7: Cards for Students and the Young Population, 2016
Table 8: Commercial Cards Comparison and Key Features, 2016
Table 9: Denmark New Product Launches
Table 10: Denmark Debit Card, Average Interchange Fees: Intra-Network Transactions (%), 20112015
Table 11: Denmark Debit Card, Average Merchant Service Charges and Interchange Fees: Domestic Transactions (%), 20112020
Table 12: Denmark Debit Cards Comparison and Key Features, 2016
Table 13: Denmark Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 20112015
Table 14: Denmark Pay Later, Average Merchant Service Charges and Interchange Fees: Domestic Transactions (%), 20112020
Table 15: Denmark Gold Credit Cards Comparison and Key Features, 2016
Table 16: Denmark Premium Credit Cards Comparison and Key Features, 2016
Table 17: Denmark Commercial Credit Cards Comparison and Key Features, 2016
Table 18: Denmark Payment Instrument Transaction Values (DKK Billion), 20112015
Table 19: Denmark Payment Instrument Transaction Values (US$ Billion), 20112015
Table 20: Denmark Payment Instrument Transaction Volumes (Million), 20112015
Table 21: Denmark Number of Payment Cards in Circulation by Type (Million), 20112020
Table 22: Denmark Volume of Payment Card Transactions by Type (Million), 20112020
Table 23: Denmark Value of Payment Card Transactions by Type (DKK Billion), 20112020
Table 24: Denmark Value of Payment Card Transactions by Type (US$ Billion), 20112020
Table 25: Denmark Number of Debit Cards in Circulation (Million), 20112020
Table 26: Denmark Debit Card Transaction Volumes and Frequency by Channel, 20112020
Table 27: Denmark Debit Card Total and Average Transaction Values by Channel, 20112020
Table 28: Denmark Debit Card Total and Average Transaction Values by Channel, 20112020
Table 29: Denmark Number of Debit Cards in Circulation By Scheme (Million), 20112015
Table 30: Denmark Debit Card Transaction Values By Scheme (DKK Billion), 20112015
Table 31: Denmark Debit Card Transaction Values By Scheme (US$ Billion), 20112015
Table 32: Denmark Debit Card Transaction Values by Issuer (DKK Billion), 20112015
Table 33: Denmark Debit Card Transaction Values by Issuer (US$ Billion), 20112015
Table 34: Denmark Number of Pay Later Cards in Circulation (Million), 20112020
Table 35: Denmark Pay Later Cards Transaction Volumes and Frequency by Channel, 20112020
Table 36: Denmark Pay Later Cards Total and Average Transaction Values by Channel, 20112020
Table 37: Denmark Pay Later Cards Total and Average Transaction Values by Channel, 20112020
Table 38: Denmark Number of Pay Later Cards in Circulation By Scheme (Thousand), 20112015
Table 39: Denmark Pay Later Cards Transaction Values By Scheme (DKK Billion), 20112015
Table 40: Denmark Pay Later Cards Transaction Values By Scheme (US$ Trillion), 20112015
Table 41: Denmark Pay Later Cards Transaction Values By Issuer (DKK Billion), 20112015
Table 42: Denmark Pay Later Cards Transaction Values By Issuer (US$ Billion), 20112015
Table 43: Denmark Personal and Commercial Pay Later Cards Transaction Volumes (Million), 20112020
Table 44: Denmark Personal and Commercial Pay Later Cards Transaction Values (DKK Billion), 20112020
Table 45: Denmark Personal and Commercial Pay Later Cards Transaction Values (US$ Billion), 20112020
Table 46: Denmark Number of Commercial Pay Later Cards in Circulation (Thousand), 20112020
Table 47: Denmark Commercial Pay Later Cards Transaction Volumes (Million), 20112020
Table 48: Denmark Commercial Pay Later Cards Transaction Values (DKK Billion), 20112020
Table 49: Denmark Commercial Pay Later Cards Transaction Values (US$ Million), 20112020
Table 50: Denmark Merchant Acquirers Transaction Volume by Card Type (Million), 20112020
Table 51: Denmark Merchant Acquirers Total Transaction Value (DKK Billion), 20112020
Table 52: Denmark Merchant Acquirers Total Transaction Value (US$ Billion), 20112020
Table 53: Denmark Merchant Acquirers Transaction Volume (Million), 20112015
Table 54: Denmark Merchant Acquirers Transaction Value (DKK Billion), 20112015
Table 55: Denmark Merchant Acquirers Transaction Value (US$ Billion), 20112015
Table 56: Denmark Retail Outlets and Merchant Accounts (Thousand), 20112020

List of Figures
Figure 1: Denmark Payment Instrument Shares by Transaction Value (%), 2011 vs 2015
Figure 2: Denmark Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015
Figure 3: Denmark E-Commerce Value (US$ Billion) and Payment Types (%)
Figure 4: Denmark Total Population and Structure
Figure 5: Denmark Economic Indicators
Figure 6: Denmark Number of ATMs, POS Terminals and Banking Structure
Figure 7: Denmark Real Household Consumption and Outbound Tourist Expenditure
Figure 8: Denmark Segmentation by Card Type, 2016
Figure 9: Denmark Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 20112020
Figure 10: Denmark Volume and Value of Payment Card Transactions by Type (%), 20112020
Figure 11: Denmark Debit Card Penetration and Number of Cards in Circulation, 20112020
Figure 12: Denmark Turnover per Debit Card and Values by Channel, 20112020
Figure 13: Denmark Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 14: Denmark Pay Later Cards Penetration and Number of Cards in Circulation, 20112020
Figure 15: Denmark Turnover Per Pay Later Card and Values by Channel, 20112020
Figure 16: Denmark Pay Later Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 17: Denmark Commercial vs Personal Pay Later Cards, Transaction Volumes and Values (%), 20112020
Figure 18: Denmark Number of Commercial Pay Later Cards in Circulation, Transaction Values and Volumes, 20112020
Figure 19: Denmark Merchant Acquiring Transaction Volumes and Values, 20112020
Figure 20: Denmark Acquirers Market Share in Terms of Transaction Volume and Value (%), 2015
Figure 21: Denmark Number of Retail Outlets and Card Accepting Merchants (Thousand), 20112020

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title
  • Company *
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *

Upcoming Reports

  • ATM Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

    ATM is an abbreviation of automated teller machine which is also known as automated banking machine, cash point, cash machine or cash line. It is a computerized telecommunication device that enables a client of financial institution to perform transactions without the support of a cashier, bank teller or clerk. The customer can perform a transaction by inserting a plastic smart card or magnetic stripe with a chip containing a unique card number...

  • Mobile Commerce Market - Global Industry Size, Market Share, Trends, Analysis, And Forecast, 2012 - 2017

    Mobile commerce is handled by devices like laptops, cellular phones, Smart phones and tablet computers to execute online commercial transactions. Mobile commerce is experiencing continuous growth in a variety of fields including sales and purchase of a wide range of services and goods, payments of bills, net banking and so on. All these transactions are collectively known as m-commerce or mobile commerce. Mobile commerce is a successor o...

  • Online Banking Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018

    Online banking is a service provided by financial institutions that allows customers to carry out financial transactions through secure websites. Many customers are turning towards the convenience and ease of online banking to carry out their financial transactions. These websites can be operated through a virtual bank by using a retail operator or through a credit union. With online banking, customers can conduct transactions such as account m...