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The Cards and Payments Industry in Sweden: Emerging Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Dec 2016

Category :

Cards & Payments

No. of Pages : 64 Pages

Synopsis
Timetrics 'The Cards and Payments Industry in Sweden: Emerging Trends and Opportunities to 2021' report provides detailed analysis of market trends in the Swedish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, check payments, cash transactions and payment cards during the review period (20122016).

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 (20172021). 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 Sweden: Emerging Trends and Opportunities to 2021' report provides top-level market analysis, information and insights into the Swedish cards and payments industry, including:

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

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

E-commerce market analysis and payment methods.

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

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

It provides current values for the Swedish cards and payments industry for 2016, and forecast figures to 2021.

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

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

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

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

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

Key Highlights
To capitalize on the growing e-commerce market, in January 2016, Swedish banks expanded Swish, a widely used mobile app for online transactions. The app was previously used only for peer-to-peer (P2P) and in-store payments. Swish is owned by a consortium of six Swedish banks Danske Bank, Handelsbanken, Lnsfrskringar Bank, Nordea, SEB and Swedbank. Swish has grown in popularity since its launch, with 4.9 million users in Sweden as of November 2016. In May 2016, US$892.3 million (SEK7.5 billion) worth of transactions were performed using Swish, rising to US$994.3 million (SEK8.4 billion) in November 2016.

To provide convenient and secure online payments for Swedish consumers, MasterCard launched the MasterPass digital wallet in December 2015, in association with Nordea, SEB and Swedbank, followed by ICA Banken and Resurs Bank in early 2016. In October 2016, MasterCard introduced Identity Check Mobile a biometric mobile application for secured online shopping in Sweden and 11 other markets in Europe. The app authenticates online payments by confirming the users identity through the fingerprint scanner on a smartphone, or by taking a selfie and using facial-recognition technology.

Contactless technology is still at a nascent stage of development in Sweden, with only a handful of banks such as ICA Banken and Danske Bank offering contactless cards. The number of contactless cards increased threefold from 439,707 in 2015 to 1.5 million in 2016, and is anticipated to reach 15.0 million by 2021. With a rising number of small businesses and street vendors accepting payment cards for small-value transactions, the introduction of contactless technology is expected to drive payment card transaction volumes over the forecast period.
Table of Contents
1 Definitions and Methodology
1.1 Definitions
1.2 Methodology
2 Key Facts and Highlights
3 Executive Summary
4 Payment Instruments
4.1 Current Payment Environment
5 E-Commerce and Alternative Payments
5.1 E-Commerce Market Analysis
5.2 Alternative Payment Solutions
5.2.1 Klarna
5.2.2 Swish
5.2.3 Seqr
5.2.4 PayPal
5.2.5 Trustly
5.2.6 MasterPass
5.2.7 Pay by palm
5.2.8 WyWallet
6 Regulations in the Cards and Payments Industry
6.1 Regulatory Framework
6.1.1 SEPA cards framework
6.1.2 Swedish laws regarding card use
6.1.3 EBA guidelines on online payment security
6.1.4 Interchange fee regulation
6.2 Anti-Money Laundering (AML)
6.3 Foreign Direct Investment (FDI) Regulations
7 Analysis of Cards and Payments Industry Drivers
8 Payment Cards
9 Debit Cards
9.1 Debit Cards Market Analysis
9.2 Competition in the Debit Cards Market
9.3 Debit Cards Comparison
10 Pay Later Cards
10.1 Pay Later Card Market Analysis
10.2 Competition in the Pay Later Cards Market
10.3 Pay Later Cards Comparison
11 Card Issuers
11.1 Swedbank
11.2 Svenska Handelsbanken
11.3 Nordea Bank
11.4 Lnsfrskringar Bank
11.5 Skandinaviska Enskilda Banken (SEB)
12 Prepaid Cards
13 Merchant Acquiring
14 Appendix
14.1 Tables
14.2 Contact Timetric
14.3 About Timetric
14.4 Timetrics Services
14.5 Disclaimer


List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Sweden Key Facts, 2016
Table 4: Regional Benchmarking of Swedish Payment Cards, 2016
Table 5: Sweden Mode of Entry of Foreign Banks
Table 6: Sweden Debit Cards Comparison and Key Features, 2016
Table 7: Sweden Gold Credit Cards Comparison and Key Features, 2016
Table 8: Sweden Premium Credit Cards Comparison and Key Features, 2016
Table 9: Sweden Charge Cards Comparison and Key Features, 2016
Table 10: Sweden Payment Instrument Transaction Values (SEK Billion), 20122016
Table 11: Sweden Payment Instrument Transaction Values (US$ Billion), 20122016
Table 12: Sweden Payment Instrument Transaction Volumes (Million), 20122016
Table 13: Sweden Number of Payment Cards in Circulation by Type (Million), 20122021
Table 14: Sweden Volume of Payment Card Transactions by Type (Million), 20122021
Table 15: Sweden Value of Payment Card Transactions by Type (SEK Billion), 20122021
Table 16: Sweden Value of Payment Card Transactions by Type (US$ Billion), 20122021
Table 17: Sweden Number of Debit Cards in Circulation (Million), 20122021
Table 18: Sweden Debit Card Transaction Volumes and Frequency by Channel, 20122021
Table 19: Sweden Debit Card Total and Average Transaction Values by Channel, 20122021
Table 20: Sweden Debit Card Total and Average Transaction Values by Channel, 20122021
Table 21: Sweden Number of Debit Cards in Circulation by Scheme (Million), 20122016
Table 22: Sweden Debit Card Transaction Values by Scheme (SEK Billion), 20122016
Table 23: Sweden Debit Card Transaction Values by Scheme (US$ Billion), 20122016
Table 24: Sweden Debit Card Transaction Values by Issuer (SEK Billion), 20122016
Table 25: Sweden Debit Card Transaction Values by Issuer (US$ Billion), 20122016
Table 26: Sweden Number of Pay Later Cards in Circulation (Million), 20122021
Table 27: Sweden Pay Later Card Transaction Volumes and Frequency by Channel, 20122021
Table 28: Sweden Pay Later Card Total and Average Transaction Values by Channel, 20122021
Table 29: Sweden Pay Later Card Total and Average Transaction Values by Channel, 20122021
Table 30: Sweden Number of Pay Later Cards in Circulation by Scheme (Thousand), 20122016
Table 31: Sweden Pay Later Card Transaction Values by Scheme (SEK Million), 20122016
Table 32: Sweden Pay Later Card Transaction Values by Scheme (US$ Million), 20122016
Table 33: Sweden Pay Later Card Transaction Values by Issuer (SEK Billion), 20122016
Table 34: Sweden Pay Later Card Transaction Values by Issuer (US$ Billion), 20122016
Table 35: Sweden Number of Credit Cards in Circulation (Million), 20122021
Table 36: Sweden Credit Card Transaction Volumes and Frequency by Channel, 20122021
Table 37: Sweden Credit Card Total and Average Transaction Values by Channel, 20122021
Table 38: Sweden Credit Card Total and Average Transaction Values by Channel, 20122021
Table 39: Sweden Number of Credit Cards in Circulation by Scheme (Million), 20122016
Table 40: Sweden Credit Card Transaction Values by Scheme (SEK Billion), 20122016
Table 41: Sweden Credit Card Transaction Values by Scheme (US$ Billion), 20122016
Table 42: Sweden Number of Charge Cards in Circulation (Thousand), 20122021
Table 43: Sweden Charge Card Transaction Volumes and Frequency by Channel, 20122021
Table 44: Sweden Charge Card Total and Average Transaction Values by Channel, 20122021
Table 45: Sweden Charge Card Total and Average Transaction Values by Channel, 20122021
Table 46: Sweden Number of Charge Cards in Circulation by Scheme (Thousand), 20122016
Table 47: Sweden Charge Card Transaction Values by Scheme (SEK Billion), 20122016
Table 48: Sweden Charge Card Transaction Values by Scheme (US$ Billion), 20122016
Table 49: Sweden Personal and Commercial Pay Later Card Transaction Volumes (Million), 20122021
Table 50: Sweden Personal and Commercial Pay Later Card Transaction Values (SEK Billion), 20122021
Table 51: Sweden Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 20122021
Table 52: Sweden Number of Commercial Pay Later Cards in Circulation (Thousand), 20122021
Table 53: Sweden Commercial Pay Later Card Transaction Volumes (Million), 20122021
Table 54: Sweden Commercial Pay Later Card Transaction Values (SEK Billion), 20122021
Table 55: Sweden Commercial Pay Later Card Transaction Values (US$ Billion), 20122021
Table 56: Sweden Number of Prepaid Cards in Circulation (Thousand), 20122021
Table 57: Sweden Prepaid Card Transaction Values (SEK Million), 20122021
Table 58: Sweden Prepaid Card Transaction Values (US$ Million), 20122021
Table 59: Sweden Merchant Acquiring Transaction Volumes (Billion), 20112020
Table 60: Sweden Merchant Acquiring Transaction Values (SEK Trillion), 20112020
Table 61: Sweden Merchant Acquiring Transaction Values (US$ Billion), 20112020
Table 62: Sweden Acquirers Transaction Volumes (Billion), 20112015
Table 63: Sweden Acquirers Transaction Values (SEK Billion), 20112015
Table 64: Sweden Acquirers Transaction Values (US$ Billion), 20112015
Table 65: Sweden Retail Outlets and Card Accepting Merchants (Million), 20112020
Table 66: Sweden Debit Card, Average Interchange Fees: Intra-Network Transactions (%), 20112015
Table 67: Sweden Debit Card, Average Merchant Service Charge and Interchange Fee (%), 20112020
Table 68: Sweden Pay Later Card, Average Interchange Fees: Intra-Network Transactions (%), 20112015
Table 69: Sweden Pay Later Card, Average Merchant Service Charge and Interchange Fee (%), 20112020


List of Figures
Figure 1: Sweden Payment Instrument Shares by Transaction Value (%), 2012 vs. 2016
Figure 2: Sweden Payment Instrument Shares by Transaction Volume (%), 2012 vs. 2016
Figure 3: Sweden E-Commerce Value, 20122021
Figure 4: Sweden E-Commerce Payment Methods, 2016
Figure 5: Sweden Population
Figure 6: Sweden Economic Indicators
Figure 7: Sweden ATMs and POS Terminals
Figure 8: Sweden Household Consumption
Figure 9: Sweden Growth in Payment Cards Transaction Values, 20122016
Figure 10: Sweden Number of Cards in Circulation by Type, 20122016
Figure 11: Sweden Debit Card Penetration, 2016
Figure 12: Sweden Turnover Per Debit Card, 2016
Figure 13: Sweden Debit Card Scheme Share in Terms of Transaction Value, 2016
Figure 14: Sweden Debit Card Issuer Share in Terms of Transaction Value, 2016
Figure 15: Sweden Pay Later Cards Penetration, 2016
Figure 16: Sweden Turnover Per Pay Later Card, 2016
Figure 17: Sweden Pay Later Cards Scheme Share in Terms of Transaction Value, 2016
Figure 18: Sweden Pay Later Cards Issuer Share in Terms of Transaction Value, 2016
Figure 19: Sweden Number of Prepaid Cards in Circulation, 20152021
Figure 20: Sweden Prepaid Cards Transaction Value, 20152021
Figure 21: Sweden Merchant Acquiring Transaction Volume and Value, 20112020
Figure 22: Sweden Acquirers Market Share in Terms of Transaction Volume and Value (%), 2015
Figure 23: Sweden Average Merchant Service Charge and Interchange Fee (%), 20112020

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