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The Cards and Payments Industry in Sweden: Emerging Trends and Opportunities to 2019

Published By :

Timetric

Published Date : Feb 2016

Category :

Banking

No. of Pages : 62 Pages

Synopsis
Timetrics 'The Cards and Payments Industry in Sweden: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Sweden's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits, payment cards and cash transactions during the review period (20102014).

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 (20152019). It also offers information on the country's competitive landscape, including 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 detailed regulatory policies, recent changes in regulatory structure and profiles of card issuers operating in the country.

Summary
Timetrics 'The Cards and Payments Industry in Sweden: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Sweden's cards and payments industry, including:

Current and forecast values for each market in Sweden's cards and payments industry, including debit card, credit and charge cards.

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

E-commerce market analysis and online payment types.

Analysis of various market drivers and regulations governing Sweden's 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 of Sweden's cards and payments industry.

Scope
This report provides a comprehensive analysis of Sweden's cards and payments industry.

It provides current values for Sweden's cards and payments industry for 2014, and forecast figures to 2019.

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

It outlines the current regulatory framework in the industry.

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

It profiles major banks in Sweden's cards and payments industry.

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

Understand key market trends and growth opportunities in Sweden's cards and payments industry.

Assess the competitive dynamics in Sweden's cards and payments industry.

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

Gain insights into key regulations governing Sweden's cards and payments industry.

Key Highlights
To capitalize on the fast-growing e-commerce market, Swedish banks plan to expand Swish, a widely used mobile e-commerce app, by the end of 2016. Swish is owned by a consortium of six Swedish banks Danske Bank, Handelsbanken, Lnsfrskringar Bank, Nordea, SEB and Swedbank and is presently used only for peer-to-peer (P2P) and in-store payments. Since its launch in November 2012, Swish has grown in popularity, with nearly 3 million individuals enrolled for the service, and an average of 6 million transactions per month. This move by banks to expand Swishs scope for e-commerce is expected to drive mobile payments (m-payments).

MasterCard launched the MasterPass digital wallet in association with Nordea, SEB and Swedbank, in December 2015, to provide convenient and secured online payments for Swedish consumers. MasterPass users can shop online without having to enter payment and shipping information with every purchase. Swedish consumers can initially use MasterPass for online and in-app shopping, and the service will gradually be extended to retail payments. ICA Banken and Resurs Bank will offer MasterPass to customers in early 2016.

Competition in Swedens debit card market is expected to rise, with non-banking companies starting to offer basic banking and financial services. Invoice-based payment solution provider Klarna applied for a banking license in October 2015, and is awaiting approval from the Swedish Financial Supervisory Authority (FSA). The company plans to offer savings accounts and debit 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 Swish
6.1.2 Seqr
6.1.3 WyWallet
6.1.4 AfterPay
6.1.5 PayByBill
6.1.6 PayPal
6.1.7 Klarna
6.1.8 Trustly
6.1.9 Pay by palm
6.1.10 MasterPass
7 Regulations in the Cards and Payments Industry
7.1 Regulatory Framework
7.1.1 SEPA cards framework
7.1.2 Swedish laws regarding card use
7.1.3 EBA guidelines on the security of online payments
7.1.4 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 Analysis
10.1.1 Volume and value of payment card transactions by type
10.1.2 Personal vs commercial cards
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 Credit Cards
12.1 Credit Card Market Analysis
12.1.1 Credit card transaction volumes and values by channel
12.1.2 Credit card scheme and issuer shares in terms of transaction value
12.1.3 Credit cards comparison
13 Charge Cards
13.1 Charge Card Market Analysis
13.1.1 Charge card transaction volumes and values by channel
13.1.2 Charge card scheme shares in terms of transaction value
13.1.3 Charge cards comparison
14 Commercial Cards
14.1 Commercial Card Market Analysis
14.1.1 Commercial cards comparison
15 Card Issuers
15.1 Swedbank
15.2 Svenska Handelsbanken
15.3 Nordea Bank
15.4 Skandinaviska Enskilda Banken (SEB)
15.5 Lnsfrskringar Bank
16 Merchant Acquiring
16.1 Merchant Acquiring Market Analysis
17 Appendix
17.1 Tables
17.2 Contact Timetric
17.3 About Timetric
17.4 Timetrics Services
17.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Sweden Key Facts, 2014
Table 4: Regional Benchmarking of Swedish Payment Cards, 2014
Table 5: Sweden Mode of Entry of Foreign Banks
Table 6: Cards for High-Income Consumers, 2015
Table 7: Cards for Students and the Young Population, 2015
Table 8: Commercial Cards Comparison and Key Features, 2015
Table 9: Sweden Debit Cards Comparison and Key Features, 2015
Table 10: Sweden Gold Credit Cards Comparison and Key Features, 2015
Table 11: Sweden Premium Credit Cards Comparison and Key Features, 2015
Table 12: Sweden Charge Cards Comparison and Key Features, 2015
Table 13: Sweden Commercial Cards Comparison and Key Features, 2015
Table 14: Sweden Payment Instrument Transaction Values (SEK Billion), 20102014
Table 15: Sweden Payment Instrument Transaction Values (US$ Billion), 20102014
Table 16: Sweden Payment Instrument Transaction Volumes (Million), 20102014
Table 17: Sweden Number of Payment Cards in Circulation by Type (Million), 20102019
Table 18: Sweden Volume of Payment Card Transactions by Type (Million), 20102019
Table 19: Sweden Value of Payment Card Transactions by Type (SEK Billion), 20102019
Table 20: Sweden Value of Payment Card Transactions by Type (US$ Billion), 20102019
Table 21: Sweden Personal and Commercial Card Transaction Volumes (Million), 20102019
Table 22: Sweden Personal and Commercial Card Transaction Values (SEK Billion), 20102019
Table 23: Sweden Personal and Commercial Card Transaction Values (US$ Billion), 20102019
Table 24: Sweden Number of Debit Cards in Circulation (Million), 20102019
Table 25: Sweden Debit Card Transaction Volumes and Frequency by Channel, 20102019
Table 26: Sweden Debit Card Total and Average Transaction Values by Channel, 20102019
Table 27: Sweden Debit Card Total and Average Transaction Values by Channel, 20102019
Table 28: Sweden Number of Debit Cards in Circulation By Scheme (Million), 20102014
Table 29: Sweden Debit Card Transaction Values By Scheme (SEK Billion), 20102014
Table 30: Sweden Debit Card Transaction Values By Scheme (US$ Billion), 20102014
Table 31: Sweden Debit Card Transaction Values by Issuer (SEK Billion), 20102014
Table 32: Sweden Debit Card Transaction Values by Issuer (US$ Billion), 20102014
Table 33: Sweden Number of Credit Cards in Circulation (Million), 20102019
Table 34: Sweden Credit Card Transaction Volumes and Frequency by Channel, 20102019
Table 35: Sweden Credit Card Total and Average Transaction Values by Channel, 20102019
Table 36: Sweden Credit Card Total and Average Transaction Values by Channel, 20102019
Table 37: Sweden Number of Credit Cards in Circulation By Scheme (Thousand), 20102014
Table 38: Sweden Credit Card Transaction Values By Scheme (SEK Billion), 20102014
Table 39: Sweden Credit Card Transaction Values By Scheme (US$ Billion), 20102014
Table 40: Sweden Pay Later Card Transaction Values By Issuer (SEK Billion), 20102014
Table 41: Sweden Pay Later Card Transaction Values By Issuer (US$ Billion), 20102014
Table 42: Sweden Number of Charge Cards in Circulation (Thousand), 20092018
Table 43: Sweden Charge Card Transaction Volumes and Frequency by Channel, 20092018
Table 44: Sweden Charge Card Total and Average Transaction Values by Channel, 20092018
Table 45: Sweden Charge Card Total and Average Transaction Values by Channel, 20092018
Table 46: Sweden Number of Charge Cards in Circulation By Scheme (Thousand), 20102014
Table 47: Sweden Charge Card Transaction Values By Scheme (SEK Billion), 20102014
Table 48: Sweden Charge Card Transaction Values By Scheme (US$ Billion), 20092014
Table 49: Sweden Number of Commercial Cards in Circulation (Thousand), 20102019
Table 50: Sweden Commercial Card Transaction Values (SEK Billion), 20102019
Table 51: Sweden Commercial Card Transaction Values (US$ Billion), 20102019
Table 52: Sweden Merchant Acquiring Transaction Volumes by Card Type (Billion), 20102019
Table 53: Sweden Merchant Acquiring Transaction Values by Card Type (SEK Billion), 20102019
Table 54: Sweden Merchant Acquiring Transaction Values by Card Type (US$ Billion), 20102019
Table 55: Sweden Acquirers Transaction Volumes (Million), 20102014
Table 56: Sweden Acquirers Transaction Values (SEK Billion), 20102014
Table 57: Sweden Acquirers Transaction Values (US$ Billion), 20102014
Table 58: Sweden Retail Outlets and Merchant Accounts (Thousand), 20102019

List of Figures
Figure 1: Sweden Payment Instrument Shares by Transaction Value (%), 2010 and 2014
Figure 2: Sweden Payment Instrument Shares by Transaction Volume (%), 2010 and 2014
Figure 3: Sweden E-Commerce Value (US$ Billion) and Payment Types (%)
Figure 4: Sweden Total Population and Structure, 2014
Figure 5: Sweden Economic Indicators, 20102019
Figure 6: Sweden Number of ATMs, POS Terminals and Banking Structure, 20102019
Figure 7: Sweden Retail Sales and Real Household Consumption, 20102014
Figure 8: Sweden Segmentation by Card Type
Figure 9: Sweden Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 20102019
Figure 10: Sweden Volume and Value of Payment Card Transactions by Type (%), 20102019
Figure 11: Sweden Personal and Commercial Card, Transaction Volumes and Values (%), 20102019
Figure 12: Sweden Growth in Debit Card Transaction Values and Number of Debit Cards in Circulation, 20102019
Figure 13: Sweden Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 20102014
Figure 14: Sweden Pay Now, Average Merchant Service Charge: Domestic Transactions (%), 20102019
Figure 15: Sweden Debit Card Transaction Volumes and Values by Channel, 20102019
Figure 16: Sweden Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2014
Figure 17: Sweden Growth in Credit Card Transaction Values and Number of Credit Cards in Circulation, 20102019
Figure 18: Sweden Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 20102014
Figure 19: Sweden Pay Later, Average Merchant Service Charge: Domestic Transactions (%), 20102019
Figure 20: Sweden Credit Card Transaction Volumes and Values by Channel, 20102019
Figure 21: Sweden Credit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2014
Figure 22: Sweden Growth in Charge Card Transaction Values and Number of Charge Cards in Circulation, 20102019
Figure 23: Sweden Charge Card Transaction Volumes and Values by Channel, 20102019
Figure 24: Sweden Charge Card Scheme Shares in Terms of Transaction Value (%), 2014
Figure 25: Sweden Number of Commercial Cards in Circulation and Transaction Values, 20102019
Figure 26: Sweden Merchant Acquiring Transaction Volume and Value by Card Type, 20102019
Figure 27: Sweden Acquirers Market Share in Terms of Transaction Volume and Value (%), 2014
Figure 28: Sweden Number of Retail Outlets and Total Merchant Accounts (Thousand), 20102019

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