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Payment Cards in Italy 2006

Published by: Datamonitor

Published: Jan. 18, 2007 - 81 Pages


Table of Contents




TABLE OF CONTENTS


EXECUTIVE SUMMARY


INTRODUCTION

What is this report about?

Scope of the report

Structure of the report


MARKET CONTEXT

Country overview

Demographics

Economy

Market size

Market penetration

Cards in issue

Number of transactions

Frequency of use

Value of card transactions

Average transaction values

Card acceptance

POS statistics

ATM statistics

Market structure

Retail banks

The market is consolidating

Regulatory environment

Regulatory bodies

Banking associations

Other noteworthy associations

Credit bureaux

Recent regulatory developments

Key issues

Fraud and EMV

SEPA


COMPETITOR AND PRODUCT OVERVIEW

Card scheme market shares

Pay now cards

Credit cards

Deferred debit / charge cards

Card issuer market shares

Pay now cards

Credit Cards

Deferred debit and charge cards

Competitor developments

Market consolidation picks up pace in Italy

New foreign players have entered the Italian market

Some players have also left the market

Recent alliances and partnerships

Product analysis

Revolving credit card products

Deferred debit and charge cards

Product features

Product innovation


FORECASTING THE PAYMENT CARD MARKET IN ITALY

Forecasting the pay now market

Forecasting the credit card market

Forecasting the deferred debit and charge card market

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats


APPENDIX

Supplementary data

Market context

Definitions

Research methodology

Future readings

Datamonitor’s custom research capabilities

Cards & Payments Team contact details

How to contact experts in your industry




LIST OF TABLES

Table 1: Population distribution by age group in Italy, 2005

Table 2: GDP per capita for selected European countries, 2005

Table 3: Inflation rates in a number of major European markets, 2001 - 2005

Table 4: Income distribution in Italy is about average

Table 5: Italian banking market statistics, 2005

Table 6: Rates and fees on a selection of Italian credit cards, December 2006

Table 7: Rates and fees on a selection of Italian deferred debit and charge cards, December 2006

Table 8: Affinity and co-branding partnerships in Italy, 2006

Table 9: Datamonitor’s forecast of the pay now card market, 2006f-2010f

Table 11: Datamonitor’s forecast of the credit card market, 2006f-2010f

Table 10: Datamonitor’s forecast of the deferred debit / charge card market, 2006f-2010f

Table 12: Population numbers and demographic splits in Italy and other major European countries, 2005

Table 13: The percentage of people over the age of 20 in the major European countries, 2005

Table 14: GDP at current prices across major European countries, 2005

Table 15: Real GDP growth rates, 2001-2005

Table 16: POS terminals and population per terminal in Italy, 2000-2004

Table 17:ATMs and population per ATM in Italy, 2000-2004

Table 18: Current relevant Datamonitor publications

Table 19: Future relevant Datamonitor publications, 2006




LIST OF FIGURES

Figure 1: Country overview of Italy, 2005

Figure 2: Italy has the fourth largest population in Europe, 2006

Figure 3: Italy is the fourth largest economy in Europe in terms of absolute GDP, 2005

Figure 4: The service sector is the most important contributor to the Italian economy, 2005

Figure 5: Italy’s economy is picking up pace again, 2001 - 2005

Figure 6: Italy has less than the average European level of cards per capita, 2005

Figure 7: Pay now cards dominate the payment card market in Italy, 2001 - 2005

Figure 8: Pay now cards account for the largest share of total plastic card transactions, 2005

Figure 9: Transactions per card per year has not grown, 2001 - 2005

Figure 10: Pay now cards account for the majority of transaction value in Italy, 2001 - 2005

Figure 11: Pay now cards have the highest average transaction value, 2001 - 2005

Figure 12: The POS network in Italy has been steadily expanding, 2000 - 2004

Figure 13: The Italian ATM network has grown slowly, 2000 - 2004

Figure 14: The three pillars of Italian banking

Figure 15: Consolidation of the Italian banking industry, 1998 - 2006

Figure 16: Regulatory overview of Italy, 2006

Figure 17: Maestro is the dominant payment scheme in Italy, 2001 - 2005

Figure 18: Maestro accounts for the majority of pay now transaction value, 2001 - 2005

Figure 19: Visa has grown in importance in the credit card market, 2001 - 2005

Figure 20: Visa continues to dominate the credit card market by transaction value, 2001 - 2005

Figure 21: Visa has the strongest presence in the deferred debit / charge card market, 2001 - 2005

Figure 22: Visa is the dominant scheme for deferred debit / charge card products by transaction value 2001 - 2005

Figure 23: Banco Posta is the leading pay now card issuer, 2005

Figure 24: Findomestic is the largest Italian issuer of credit cards, 2005

Figure 25: CartaSi is the biggest issuer of deferred debit and charge cards in Italy

Figure 26: The pay now market will experience modest growth, 2005 - 2010f

Figure 27: The credit card market is expected to grow strongly, 2005 - 2010f

Figure 28: The deferred debit / charge card market is forecast to grow steadily, 2005 - 2010f

Figure 29: SWOT analysis of the Italian payment cards market, 2005

Figure 30: Datamonitor’s core consulting capabilities

Abstract

Introduction

Payment Cards in Italy is an invaluable guide to a growing European card market. Created using a combination of secondary and primary research, this report provides statistics on market size competitor market shares and card acceptance. It also provides an overview of regulation, competitor activities and product innovation, it concludes with market forecasts and a SWOT analysis.

Scope
  • The focus of the report is on consumer payment cards, as opposed to commercial products.
  • Data and analysis provided on debit cards, credit cards and deferred debit and charge cards.
  • The report parameters extend to issuance only. Merchant acquiring and card processing are not covered.
  • Historic market data is presented 2001-2005, with forecast data presented to 2010. Competitor market shares are presented for 2005.
Highlights

Italy has a relatively low level of market penetration, having 0.9 cards per person at the end of 2005. In terms of market penetration, this ranks Italy fourteenth out of the 17 European countries examined. The low level of penetration indicates that the Italian market is not as mature as some and hence has the potential to grow at a quicker rate.

With an average of just nine transactions per card per year, it is clear that Italians do not use revolving credit cards frequently. Deferred debit and charge cards are used more often, with an average of 23 transactions per card per year, whilst pay now cards are the most frequently used type of payment card in Italy.

The number of POS terminals grew by a third between 2001 and 2004, by which time there were over one million terminals in Italy. This means that Italy has the third largest POS acceptance network in Europe, behind Spain and France. The population per POS ratio fell to 57 in 2004.

Reasons to Purchase
  • Learn detailed information about the Italian payment card market, including card numbers broken down by type, transaction values and frequencies.
  • Understand the structure of the Italian payment cards market, including the regulatory environment and its impact on the market.
  • Access detailed forecasts to 2010, specifying card numbers, transaction values and transaction volumes, broken down by card type.
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