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

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

Summary

GlobalData’s The Cards and Payments Industry in Slovakia: Emerging Trends and Opportunities to 2021 report provides top-level market analysis, information and insights into the Slovak cards and payments industry, including -

  • Current and forecast values for each market in the Slovak cards and payments industry, including debit, credit and charge cards.
  • Detailed insights into payment instruments including credit transfers, direct debits, cash transactions and payment cards. 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 Slovak 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 Slovak cards and payments industry.
The report provides detailed analysis of market trends in the Slovak cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, payment cards and cash transactions during the review period (2012-2016).

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 (2017-2021). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s 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.

To benefit from the growing adoption of contactless technology, banks in Slovakia are launching contactless mobile payment services. The latest of these is the expansion of Tatra Bank’s MobilePay app functionality in November 2016. The upgraded version includes Visa-certified Host Card Emulation (HCE) technology. Users can add their Visa card details to make contactless mobile payments. In 2014, VUB Bank introduced its Wave2Pay app, enabling cardholders to make contactless mobile payments.

To benefit from e-commerce growth, scheme providers are launching alternative payment solutions. In collaboration with CSOB, Mastercard launched its MasterPass digital wallet in Slovakia in December 2015. For online payments, MasterPass allows users to pay from a list of pre-stored cards and shipping information stored in the digital wallet. Similarly, in 2015, Visa launched its V.me digital wallet which allows consumers to pay for products online without divulging their payment card details.

While banks in Slovakia still focus on traditional bricks-and-mortar branches to deliver their services, German-based bank Number26 launched a mobile-only bank in December 2015, allowing consumers to conduct banking transactions via their mobile phones. The advent of mobile-only banks is likely to accelerate a shift towards electronic payments.

Scope
  • This report provides a comprehensive analysis of the Slovak cards and payments industry.
  • It provides current values for the Slovak cards and payments industry for 2016, and forecast figures to 2021.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Slovak 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 Slovak cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Slovak cards and payments industry.
  • Assess the competitive dynamics in the Slovak cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Slovakia.
  • Gain insights into key regulations governing the Slovak cards and payments industry.


  • Executive Summary
    • Market overview
    • Key facts
      • Table Slovakia, Key Facts, 2016
      • Table Slovakia, Regional Benchmarking of Payment Cards, 2016
    • Top five industry events
  • Payment Instruments
    • Current payment environment
      • Table Figure 1: Slovakia, Payment Instrument Shares by Transaction Value (%), 2012 vs 2016
      • Table Figure 2: Slovakia, Payment Instrument Shares by Transaction Volume (%), 2012 vs 2016
  • E-Commerce and Alternative Payments
    • E-Commerce market analysis
      • Table Figure 3: Slovakia, E-Commerce Value
    • Alternative payment solutions
      • PayPal
      • MasterPass
      • Visa V.me
      • Tatra Bank MobilePay app
      • VUB Bank Wave2Pay app
      • TrustPay
  • Regulations in the Cards and Payments Industry
    • Regulatory framework
      • SEPA implementation in Slovakia
      • Interchange fee regulation
    • Anti-money laundering and counter terrorism financing (AML/CTF)
    • Foreign direct investment (FDI) regulations
      • Table Slovakia, Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
    • Table Figure 4: Slovakia, Population and Economic Indicators
    • Table Figure 5: Slovakia, ATMs, POS Terminals and Household Consumption
  • Payment Cards
    • Table Figure 6: Slovakia, Payment Cards Transaction Value and Cards in Circulation, 2012–2021
  • Debit Cards
    • Debit cards market analysis
      • Table Figure 7: Slovakia, Debit Card Penetration and Turnover Per Card
    • Competition in the debit cards market
      • Table Figure 8: Slovakia, Debit Cards Scheme and Issuer Transaction Value Share, 2016
    • Debit cards comparison
      • Table Slovakia, Debit Cards Comparison and Key Features, 2016
  • Pay Later Cards
    • Pay later cards market analysis
      • Table Figure 9: Slovakia, Pay Later Card Penetration and Turnover Per Card
    • Competition in the pay later cards market
      • Table Figure 10: Slovakia, Pay Later Cards Scheme and Issuer Transaction Value Share, 2016
    • Pay later cards comparison
      • Table Slovakia, Gold Credit Cards Comparison and Key Features, 2016
      • Table Slovakia, Premium Credit Cards Comparison and Key Features, 2016
      • Table Slovakia, Charge Cards Comparison and Key Features, 2016
  • Prepaid Cards
    • Table Figure 11: Slovakia, Prepaid Cards in Circulation and Transaction Value, 2012–2021
  • Appendix
    • Abbreviations and acronyms
    • Supplementary data
      • Table Slovakia, Payment Instrument Transaction Values (EUR Billion), 2012–2016
      • Table Slovakia, Payment Instrument Transaction Values (US$ Billion), 2012–2016
      • Table Slovakia, Payment Instrument Transaction Volumes (Million), 2012–2016
      • Table Slovakia, Payment Cards in Circulation by Type (Thousand), 2012–2021
      • Table Slovakia, Volume of Payment Card Transactions (Million), 2012–2021
      • Table Slovakia, Value of Payment Card Transactions (EUR Billion), 2012–2021
      • Table Slovakia, Value of Payment Card Transactions (US$ Billion), 2012–2021
      • Table Slovakia, Debit Cards in Circulation (Million), 2012–2021
      • Table Slovakia, Debit Card Transaction Volumes, 2012–2021
      • Table Slovakia, Debit Card Transaction Values (EUR), 2012–2021
      • Table Slovakia, Debit Card Transaction Values (US$), 2012–2021
      • Table Slovakia, Debit Cards in Circulation by Scheme (Million), 2012–2016
      • Table Slovakia, Debit Card Transaction Values by Scheme (EUR Billion), 2012–2016
      • Table Slovakia, Debit Card Transaction Values by Scheme (US$ Billion), 2012–2016
      • Table Slovakia, Debit Card Transaction Values by Issuer (EUR Billion), 2012–2016
      • Table Slovakia, Debit Card Transaction Values by Issuer (US$ Billion), 2012–2016
      • Table Slovakia, Pay Later Cards in Circulation (Thousand), 2012–2021
      • Table Slovakia, Pay Later Card Transaction Volumes, 2012–2021
      • Table Slovakia, Pay Later Card Transaction Values (EUR), 2012–2021
      • Table Slovakia, Pay Later Card Transaction Values (US$), 2012–2021
      • Table Slovakia, Pay Later Cards in Circulation by Scheme (Thousand), 2012–2016
      • Table Slovakia, Pay Later Card Transaction Values by Scheme (EUR Million), 2012–2016
      • Table Slovakia, Pay Later Card Transaction Values by Scheme (US$ Million), 2012–2016
      • Table Slovakia, Pay Later Card Transaction Values by Issuer (EUR Million), 2012–2016
      • Table Slovakia, Pay Later Card Transaction Values by Issuer (US$ Million), 2012–2016
      • Table Slovakia, Credit Cards in Circulation (Thousand), 2012–2021
      • Table Slovakia, Credit Card Transaction Volumes, 2012–2021
      • Table Slovakia, Credit Card Transaction Values (EUR), 2012–2021
      • Table Slovakia, Credit Card Transaction Values (US$), 2012–2021
      • Table Slovakia, Credit Cards in Circulation by Scheme (Thousand), 2012–2016
      • Table Slovakia, Credit Card Transaction Values by Scheme (EUR Million), 2012–2016
      • Table Slovakia, Credit Card Transaction Values by Scheme (US$ Million), 2012–2016
      • Table Slovakia, Charge Cards in Circulation (Thousand), 2012–2021
      • Table Slovakia, Charge Card Transaction Volumes, 2012–2021
      • Table Slovakia, Charge Card Transaction Values (EUR), 2012–2021
      • Table Slovakia, Charge Card Transaction Values (US$), 2012–2021
      • Table Slovakia, Charge Cards in Circulation by Scheme (Thousand), 2012–2016
      • Table Slovakia, Charge Card Transaction Values by Scheme (EUR Million), 2012–2016
      • Table Slovakia, Charge Card Transaction Values by Scheme (US$ Million), 2012–2016
      • Table Slovakia, Prepaid Cards in Circulation (Thousand), 2012–2021
      • Table Slovakia, Prepaid Card Transaction Values (EUR Million), 2012–2021
      • Table Slovakia, Prepaid Card Transaction Values (US$ Million), 2012–2021
    • Definitions
      • Table Definitions of Commonly Used Terms
    • Common payment card features
      • Table Common Features of Payment Cards
    • Methodology
      • Table Annual Average Exchange Rate (EUR–US$), 2012–2021
    • Bibliography
    • Further reading

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