Payments Landscape in Finland: Opportunities and Risks to 2022
GlobalDatas "Payments Landscape in Finland: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Finnish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers and cheques during the review-period (2014-18e).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together GlobalDatas 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 and recent changes in regulatory structure.
The report provides top-level market analysis, information and insights into Finnish cards and payments industry, including -
- Current and forecast values for each market in the Finnish cards and payments industry, including debit and credit cards.
- Detailed insights into payment instruments including cash, cards, credit transfers and cheques. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Finnish cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
- In October 2018, Diners Club, a payment scheme provider, announced it was to exit the Finnish market by May 2019. Consequently, the issuance of new Diners Club cards ceased in Finland. SEB Kort, an exclusive partner of Diners Club, announced it was to replace its card portfolio with Mastercard-branded cards from May 2019 - in turn increasing the share of Mastercard.
- In a bid to develop faster payments, Finland is set to completely adopt the pan-Euro instant transfer system SCT Inst in 2019. This service is currently offered by three banks/payment providers. Most recently, in June 2018, Nordea Bank enabled its customers to receive instant euro payments from senders in the euro area.
- To capitalize on the growing e-commerce market, merchants are now gradually investing in this space. For instance, the K Group, an online grocery store, announced to expand its online presence from 90 stores to 140 stores in March 2018. Similarly, in May 2018, Komplett Group - a Norwegian e-commerce company - entered the Finnish market. The rise in e-commerce activities will drive electronic payments in the country.
Reasons to buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the Finnish cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Finnish cards and payments industry.
- Assess the competitive dynamics in the Finnish cards and payments industry.
- Gain insights into marketing strategies used for various card types in Finland.
- Gain insights into key regulations governing the Finnish cards and payments industry.
Table of Contents
Payments Infrastructure & Regulation
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