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

Published By :

Timetric

Published Date : Jul 2016

Category :

Banking

No. of Pages : 61 Pages

Synopsis
Timetrics 'The Cards and Payments Industry in Norway: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Norwegian 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 Norway: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Norwegian cards and payments industry, including:

Current and forecast values for each market in the Norwegian cards and payments industry, including debit and pay later 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 Norwegian cards and payments industry.

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

Comprehensive analysis of consumer attitudes and buying preferences for cards.

The competitive landscape in the Norwegian cards and payments industry.

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

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

It details the different demographic, economic, infrastructural and business drivers affecting the Norwegian 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 Norwegian cards and payments industry and each market within it.

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

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

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

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

Key Highlights
Contactless technology in Norway is very much in a developmental stage, with only DNB Bank, Danske Bank and Handelsbanken offering contactless cards. To increase uptake, banks are attempting to differentiate their products by introducing new features. In 2016, Danske Bank rolled out its MasterCard-branded contactless cards featuring integrated fingerprint sensors in association with the Norway-based fingerprint authentication technology provider Zwipe. It is the worlds first fingerprint-activated contactless card, combining biometric authentication with contactless technology. In June 2016, the domestic debit network BankAxept partnered with the Canadian debit network Interac to accelerate the rollout of near field communication (NFC) mobile payment solutions.

The uptake of alternative payments among Norwegian consumers is gaining traction due to the emergence of a number of payment options. Seqr was launched in January 2013, and was followed by MeaWallet in October 2014. In October 2015, SpareBank 1 acquired mCash. At the time of its acquisition, mCash had 100,000 users and 600 stores accepting the mCash service. To increase the uptake of its mobile payments, Danske Bank launched MobilePay in September 2015. The bank partnered with 100 retail outlets in Norway in October 2015. In 2016, it partnered with Rema 1000 a supermarket chain allowing users to use service stores in Norway.

To minimize cash handling costs, banks in Norway are slowly adapting their branches into cashless locations. In 2014, 64 branches of DNB Bank were made cashless. Similarly, Nordea Bank stopped cash handling services at all of its branches in October 2015. This initiative is anticipated to accelerate the shift towards electronic payments.
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 PayPal
6.1.2 Klarna
6.1.3 Ukash
6.1.4 Seqr
6.1.5 mCash
6.1.6 MeaWallet
6.1.7 PayByBill
6.1.8 MobilePay
7 Regulations in the Cards and Payments Industry
7.1 Regulatory Framework
7.1.1 SEPA cards framework
7.1.2 Interchange fee regulation
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
9.1 Market Segmentation and Targeting
9.1.1 Consumer cards
9.1.2 Commercial cards
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 Turnover per debit card and transaction 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 Turnover per pay later card and transaction 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 DNB Bank
14.2 Nordea Bank
14.3 Danske Bank
14.4 Handelsbanken
14.5 Skandinaviska Enskilda Banken (SEB)
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: Norway Key Facts, 2015
Table 4: Regional Benchmarking of Norwegian Payment Cards, 2015
Table 5: Norway 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: Norway Debit Cards Comparison and Key Features, 2016
Table 10: Norway Gold Credit Cards Comparison and Key Features, 2016
Table 11: Norway Premium Credit Cards Comparison and Key Features, 2016
Table 12: Norway Charge Cards Comparison and Key Features, 2016
Table 13: Norway Commercial Credit Cards Comparison and Key Features, 2016
Table 14: Norway Payment Instrument Transaction Values (NOK Billion), 20112015
Table 15: Norway Payment Instrument Transaction Values (US$ Billion), 20112015
Table 16: Norway Payment Instrument Transaction Volumes (Million), 20112015
Table 17: Norway Number of Payment Cards in Circulation by Type (Million), 20112020
Table 18: Norway Volume of Payment Card Transactions by Type (Million), 20112020
Table 19: Norway Value of Payment Card Transactions by Type (NOK Billion), 20112020
Table 20: Norway Value of Payment Card Transactions by Type (US$ Billion), 20112020
Table 21: Norway Number of Debit Cards in Circulation (Million), 20112020
Table 22: Norway Debit Card Transaction Volumes and Frequency by Channel, 20112020
Table 23: Norway Debit Card Total and Average Transaction Values by Channel, 20112020
Table 24: Norway Debit Card Total and Average Transaction Values by Channel, 20112020
Table 25: Norway Number of Debit Cards in Circulation By Scheme (Million), 20112015
Table 26: Norway Debit Card Transaction Values By Scheme (NOK Billion), 20112015
Table 27: Norway Debit Card Transaction Values By Scheme (US$ Billion), 20112015
Table 28: Norway Debit Card Transaction Values by Issuer (NOK Billion), 20112015
Table 29: Norway Debit Card Transaction Values by Issuer (US$ Billion), 20112015
Table 30: Norway Number of Pay Later Cards in Circulation (Million), 20112020
Table 31: Norway Pay Later Cards Transaction Volumes and Frequency by Channel, 20112020
Table 32: Norway Pay Later Cards Total and Average Transaction Values by Channel, 20112020
Table 33: Norway Pay Later Cards Total and Average Transaction Values by Channel, 20112020
Table 34: Norway Number of Pay Later Cards in Circulation By Scheme (Thousand), 20112015
Table 35: Norway Pay Later Cards Transaction Values By Scheme (NOK Billion), 20112015
Table 36: Norway Pay Later Cards Transaction Values By Scheme (US$ Trillion), 20112015
Table 37: Norway Pay Later Cards Transaction Values By Issuer (NOK Billion), 20112015
Table 38: Norway Pay Later Cards Transaction Values By Issuer (US$ Billion), 20112015
Table 39: Norway Number of Credit Cards in Circulation (Million), 20112020
Table 40: Norway Credit Card Transaction Volumes and Frequency by Channel, 20112020
Table 41: Norway Credit Card Total and Average Transaction Values by Channel, 20112020
Table 42: Norway Credit Card Total and Average Transaction Values by Channel, 20112020
Table 43: Norway Number of Credit Cards in Circulation by Scheme (Million), 20112015
Table 44: Norway Credit Card Transaction Values by Scheme (NOK Billion), 20112015
Table 45: Norway Credit Card Transaction Values by Scheme (US$ Million), 20112015
Table 46: Norway Number of Charge Cards in Circulation (Thousand), 20112020
Table 47: Norway Charge Card Transaction Volumes and Frequency by Channel, 20112020
Table 48: Norway Charge Card Total and Average Transaction Values by Channel, 20112020
Table 49: Norway Charge Card Total and Average Transaction Values by Channel, 20112020
Table 50: Norway Number of Charge Cards in Circulation by Scheme (Thousand), 20112015
Table 51: Norway Charge Card Transaction Values by Scheme (NOK Billion), 20112015
Table 52: Norway Charge Card Transaction Values by Scheme (US$ Billion), 20112015
Table 53: Norway Personal and Commercial Pay Later Cards Transaction Volumes (Million), 20112020
Table 54: Norway Personal and Commercial Pay Later Cards Transaction Values (NOK Billion), 20112020
Table 55: Norway Personal and Commercial Pay Later Cards Transaction Values (US$ Billion), 20112020
Table 56: Norway Number of Commercial Pay Later Cards in Circulation (Thousand), 20112020
Table 57: Norway Commercial Pay Later Cards Transaction Volumes (Million), 20112020
Table 58: Norway Commercial Pay Later Cards Transaction Values (NOK Billion), 20112020
Table 59: Norway Commercial Pay Later Cards Transaction Values (US$ Billion), 20112020
Table 60: Norway Merchant Acquirers Transaction Volume by Card Type (Million), 20112020
Table 61: Norway Merchant Acquirers Total Transaction Value (NOK Billion), 20112020
Table 62: Norway Merchant Acquirers Total Transaction Value (US$ Billion), 20112020
Table 63: Norway Merchant Acquirers Transaction Volume (Million), 20112015
Table 64: Norway Merchant Acquirers Transaction Value (NOK Billion), 20112015
Table 65: Norway Merchant Acquirers Transaction Value (US$ Billion), 20112015
Table 66: Norway Number of Retail Outlets and Card Accepting Merchants (Thousand), 20112020

List of Figures
Figure 1: Norway Payment Instrument Shares by Transaction Value (%), 2011 vs 2015
Figure 2: Norway Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015
Figure 3: Norway E-Commerce Value (US$ Billion) and Payment Types (%)
Figure 4: Norway Total Population and Structure
Figure 5: Norway Economic Indicators
Figure 6: Norway Number of ATMs and POS Terminals
Figure 7: Norway Real Household Consumption and Outbound Tourist Expenditure
Figure 8: Norway Segmentation by Card Type, 2016
Figure 9: Norway Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 20112020
Figure 10: Norway Volume and Value of Payment Card Transactions by Type (%), 20112020
Figure 11: Norway Debit Card Penetration and Number of Cards in Circulation, 20112020
Figure 12: Norway Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 20112015
Figure 13: Norway Pay Now, Average Merchant Service Charges and Interchange Fees: Domestic Transactions (%), 20112020
Figure 14: Norway Turnover per Debit Card and Transaction Values by Channel, 20112020
Figure 15: Norway Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 16: Norway Pay Later Cards Penetration and Number of Cards in Circulation, 20112020
Figure 17: Norway Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 20112015
Figure 18: Norway Pay Later, Average Merchant Service Charges and Interchange Fees: Domestic Transactions (%), 20112020
Figure 19: Norway Turnover Per Pay Later Card and Transaction Values by Channel, 20112020
Figure 20: Norway Pay Later Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 21: Norway Commercial vs Personal Pay Later Cards, Transaction Volumes and Values (%), 20112020
Figure 22: Norway Number of Commercial Pay Later Cards in Circulation, Transaction Values and Volumes, 20112020
Figure 23: Norway Merchant Acquiring Transaction Volumes and Values, 20112020
Figure 24: Norway Acquirers Market Share in Terms of Transaction Volume and Value (%), 2015
Figure 25: Norway Number of Retail Outlets and Card Accepting Merchants (Thousand), 20112020

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