Payment Cards in France 2007
Datamonitor
February 6, 2008 81 Pages - SKU: DFMN1689524
|
|
Countries covered: France
Introduction
Payment Cards in France is an invaluable guide to one of Europe's most sophisticated card markets. The report provides statistics on market size, competitor market shares and acceptance. It also provides an overview of regulation, competitor activities, product innovation and market forecasts. It concludes with an analysis of the French market.
Scope
The focus of the report is on consumer payment cards, as opposed to commercial card products. Data and analysis provided on debit cards, credit cards and deferred debit and charge cards. The report parameters extend to card issuance only. Merchant acquiring and card processing are not covered. Historic market data is presented for 2002-06, with forecasts presented to 2011. Competitor shares for card issuers are presented for 2006.
Highlights
In 2007, ahead of introduction of rules for Single Euro Payment Area, which aims to free up competition in the payment card industry across the entire EU, Groupement des Cartes Bancaires announced that it will allow card issuers to enter into co-branded partnerships as of January 2008. Deferred debit and charge cards account for the largest share of total transaction values in France. At the end of 2006, the value of these transactions was €206.1 billion, which is equal to 61.7% of the market share. Over the last year contactless payment trials in France saw the introduction of the first EMV-enabled contactless payment card in Europe.
Reasons to Purchase
Learn how the French consumer payment card market has developed over the last five years. Understand recent developments in the market in terms of consolidation, new entrants and product innovations. Use of Datamonitor's five year forecasts for the market to plan your future strategy.
Please Note: This product is delivered as a Zip file.
|
- Overview
- Catalyst
- Summary
- Executive Summary
- Introduction
- Market context
- Competitor and product overview
- Forecasting the payment card market in France
- Table of Contents
- Table of figures
- Table of tables
- Introduction
- What is this report about?
- Scope of the report
- Structure of report
- Market Context
- Introduction
- Country overview
- Demographics
- Population
- Economy
- GDP
- Inflation
- Distribution of income (GINI Coefficient)
- Segmentation of liquid assets
- Unemployment
- Market size
- Payment cards in the context of consumer payments
- Payment card statistics
- Penetration of cards
- Number of cards in issue
- Number of transactions
- Value of transactions
- Card acceptance
- ATM statistics
- POS statistics
- Regulatory environment
- Structure of French retail banking
- Commercial banks
- Mutual and co-operative banks
- Municipal credit banks (Caisses de crédit municipal)
- There are only 20 municipal credit banks in France
- The French banking structure is more complex than it seems
- The hybrid structure means that the differentiation between commercial and mutual banks is blurring
- Finance houses are important players in the retail financial market
- Other players in the retail banking market
- Creation of a postal bank
- Regulation of French retail banking
- Regulatory bodies
- Banque de France
- Commission Bancaire
- The Credit Institutions and Investments Firms Committee (CECEI)
- The Banking and Financial Regulatory Committee (CRBF)
- Banking associations
- Groupement des Cartes Bancaires (CB)
- Association Française des Etablissements de Crédit et des Entreprises d'Investissements (AFECEI)
- Association Française des Sociétés Financières (ASF)
- Fédération Bancaire Française (FBF)
- Other noteworthy associations
- Association Française des Banques (AFB)
- Conseil National du Crédit et du Titre (advisory bodies)
- Comité Consultatif
- Credit bureaus
- Regulatory issues in the market
- European Consumer Credit Directive (CCD)
- Despite being well intentioned, there are key problems with the directive
- Key issues
- SEPA
- After missing the original deadline, banks have agreed a new SEPA start date
- The French SEPA Committee is overseeing the migration to the European framework
- EMV and fraud
- France: aligning with the international standard
- EMV migration in France
- The EMV migration in France is another success story
- Competitor and Product overview
- Introduction
- Card scheme market shares
- Pay now
- Number of cards in issue
- Value of transactions
- Credit cards
- Number of cards in issue
- Value of transactions
- Deferred debit and charge cards
- Number of cards
- Value of transactions
- Card issuer market shares
- Pay now card issuer market shares
- Credit card issuer market shares
- Deferred debit and charge card issuer market shares
- Competitor developments
- There has been consolidation in the domestic market over the past five years
- 2002 - Sofinco acquires part of the Finaref cards portfolio
- 2003 - Crédit Lyonnais and Crédit Agricole form a megamerger
- 2004 - Banque Accord acquires Egg France
- Merger and acquisition activity has been moderate more recently
- Several domestic players have began to expand abroad
- Société Générale looks outside of France for further expansion
- BNP Paribas is another example of a bank expanding in Central and Eastern Europe
- Alliances and partnerships
- CB announced it is to allow co-branding alliances and partnerships
- Foreign players enter into co-branded partnerships in France
- There are a number of alliances and partnerships among consumer credit companies
- Product analysis
- Pay later product design
- Loyalty programs
- Caisses d'Epargne has a partnership with S'Miles
- Crédit Agricole offers 'Le Bonus Gold MasterCard'
- Cetelem offers prepaid cards as an incentive for using credit cards
- Oney offers cashback with its Carte Verte
- Product innovation
- Contactless technology trials are starting to take place
- Banque Populaire launches debit card for women
- Carte Bleue launches prepaid cards
- Cetelem offers prepaid cards as an incentive for using credit cards
- Forecasting the Payment Card Market in France
- Introduction
- Forecasting the pay now card market
- Forecasting the credit card market
- Forecasting the charge and deferred debit card market
- Conclusions
- The French payment card market is sophisticated and is poised for future growth
- Currently the pay later market is dominated by deferred debit and private label cards
- However, new legislation and introduction of SEPA Framework are opening new opportunities for credit card issuers
- Contactless payments are starting to make their mark
- APPENDIX
- Supplementary data
- Market context
- Forecasting the payment card market in France
- Definitions
- AAGR
- Affinity card
- CAGR
- Co-branded card
- Credit card
- Deferred debit and charge card
- EMV
- EPC
- ePurse
- Merchant Service Charge
- Pay now cards
- POS terminal
- Private label cards
- Methodology
- Cards and Payments Database
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: GDP per capita for selected European countries, 2006
- Table 2: GINI Coefficient for selected European countries
- Table 3: Segmentation of liquid assets in France in 2006
- Table 4: Main players under each pillar, 2006
- Table 5: Examples of finance houses, 2003
- Table 6: Annual fees in the deferred debit card market, 2008
- Table 7: Fees and APRs applicable to revolving credit cards in France, 2008
- Table 8: Datamonitor's forecast for the pay now card market, 2006-11f
- Table 9: Datamonitor's forecast for the credit card market, 2006-11f
- Table 10: Datamonitor's forecast for the deferred debit and charge card market, 2006-11f
- Table 11: Population numbers and demographic splits in France and other major European countries, 2006
- Table 12: Population over 20 in France and other major European countries, 2006
- Table 13: GDP at current rates across European countries, 2006
- Table 14: Real GDP growth rates based on constant rates to 2000, 2002-06
- Table 15: Inflation in selected European countries, 2002-06
- Table 16: Penetration level of cards in selected European countries, 2006
- Table 17: The total number of ATM terminals and the number of people per ATM, 2002-06
- Table 18: The total number of POS terminals and the number of people per terminal, 2002-06
- Table 19: Value of transactions made by consumers segmented by payment type, 2002-06
- Table 20: Fraud losses in France, 2002-06
- Table 21: Pay now card forecast forecasts indexed to 2006
- Table 22: Credit card forecast forecasts indexed to 2006
- Table 23: Deferred debit and charge card market forecasts indexed to 2006
- Table 24: Current relevant Datamonitor publications, 2007
- Table 25: Future relevant Datamonitor publications, 2008
- List of Figures
- Figure 1: Country overview, 2006
- Figure 2: France has the second highest population in Europe, 2006
- Figure 3: France has one of the lowest proportions of population over the age of 20 in Europe, 2006
- Figure 4: France has the third highest GDP in Europe, 2006
- Figure 5: France has enjoyed a period of positive economic growth from 2002 to 2006
- Figure 6: The French economy is dominated by the services sector, while the agriculture sector accounts for 2.0% of economic output, 2006
- Figure 7: French inflation has been kept at or below 2% per annum in recent years, 2002-06
- Figure 8: In France direct debits and cheques are preferred methods of payment after cash but pay later cards are also popular, 2002-06
- Figure 9: France has the lowest penetration level of cards in Europe, 2006
- Figure 10: Charge and deferred debit cards dominate the French market, 2002-06
- Figure 11: Charge and deferred debit and charge cards account for the largest share of total general purpose card transactions, 2002-06
- Figure 12: Charge and deferred debit cards were most commonly used cards in 2006
- Figure 13: Deferred debit and charge cards account for the largest share of transaction values, 2002-06
- Figure 14: Average transaction values are highest on credit cards, 2002-06
- Figure 15: The growth in ATM terminals slowed down in 2006
- Figure 16: The total number of POS terminals has risen steadily, 2002-06
- Figure 17: The three pillars of the French banking structure, 2008
- Figure 18: Regulatory overview of France, 2008
- Figure 19: Total fraud losses have fallen since 2003 but picked up in 2006
- Figure 20: Visa holds the leading position in the pay now market, 2002-06
- Figure 21: Visa accounts for 78.7% of total pay now card spend, 2002-06
- Figure 22: Visa had the largest number of credit cards in issue in 2006
- Figure 23: Visa accounts for the majority of transaction values, 2002-06
- Figure 24: MasterCard accounts for nearly a half of total charge and deferred debit cards in issue, 2002-06
- Figure 25: MasterCard in the largest deferred debit and charge card scheme in terms of transaction values, 2002-06
- Figure 26: Crédit Mutuel/CIC is the leading pay now card issuer, 2006
- Figure 27: Crédit Agricole is the leading issuer of credit cards in France, 2006
- Figure 28: Crédit Agricole is the leading issuer of deferred debit and charge cards, 2006
- Figure 29: Main merger and acquisition activities in the French market, 2002-2007
- Figure 30: Growth in the number of transactions forecasted to drive the pay now market forward, 2006-11f
- Figure 31: Card usage of credit cards is predicted to be primary driver in the market, 2006-11f
- Figure 32: Card usage of deferred debit and charge cards is predicted to be primary driver of growth in the market, 2006-11f
More France Credit Cards Reports
Store Cards in France by
Euromonitor International
The total number of store cards in circulation increased by 2% in 2011, the best growth performance since 2007-2008. Euromonitor International's Store Card Transactions in France ...
Credit Cards in France by
Euromonitor International
The number of credit cards in circulation continued to register high growth in 2011, mainly driven by the development of Combo cards, which combine debit ...
Charge Cards in France by
Euromonitor International
The number of charge cards in circulation recorded strong growth rates between 2009 and 2011, after a slight decrease in 2008. The total number of ...
Consumer Credit in France by
Euromonitor International
Gross consumer credit lending continued to grow in 2011, following the marked decline in 2009. France was significantly affected by recession, which stunted the demand ...
Plastic Cards – France – a snapshot (2011) by
Mintel - Snapshots
Plastic Cards in France by Mintel Global Market Navigator provides you with annual year-end market size data, most recently updated in 2011. This market covers ...
See all reports like this >>
More France Reports
D&B Country RiskLine Report: France by
Dun & Bradstreet Inc.
This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays when doing business in this country. It includes ...
D&B Country Report: France by
Dun & Bradstreet Inc.
D&B Country Report. Comprehensive information for evaluating risks and opportunities when trading or investing in this country. Providing critical information and analysis on ...
Vacuum Cleaners - France - a snapshot (2010) by
Mintel - Snapshots
Vacuum Cleaners in France by Mintel Global Market Navigator provides you with annual year-end market size data, most recently updated in 2010. This market covers ...
France: Country Profile by
MarketLine
INTRODUCTION This report provides a detailed analysis on France, providing an overview of its political, economic and business environment, represented both textually and in graph and ...
The Economic Competitiveness of France: Financials Returns, Labor Productivity and International Gaps by
Icon Group International, Inc.
Is France competitive? With the globalization of markets, the increased mobility of corporate assets, and the need for productive human resources, this question has ...
See all reports like this >>
Share this report
Other tasks Related Markets Credit Cards Reports Free Alert Me service Receive bi-weekly email alerts on new market research Sign Up Today!
|
