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Finland Cards and Payments Market Opportunities and Risks to 2028

Publisher GlobalData
Published Apr 05, 2024
Length 85 Pages
SKU # GBDT18727273

Description

Finland Cards and Payments Market Opportunities and Risks to 2028


Summary

GlobalData’s ‘Finland Cards and Payments: Opportunities and Risks to 2028' 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 cards, cash, credit transfer, direct debits, and cheques during the review-period (2019-23e).

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 (2024-28). It also offers information on the country's competitive landscape, including 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 detailed regulatory policies and recent changes in regulatory structure.

GlobalData’s ‘Finland Cards and Payments: Opportunities and Risks to 2028' report provides top-level market analysis, information and insights into the Finnish cards and payments industry, including
Current and forecast values for each market in the Finnish cards and payments industry, including debit, credit and charge cards.
Detailed insights into payment instruments including cards, cash, credit transfer, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
Ecommerce 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, credit, and charge cards.
Comprehensive analysis of consumer attitudes and buying preferences for cards.
The competitive landscape of the Finnish cards and payments industry.

Scope

With the aim of providing an integrated cross-border payment system for the Nordics, in 2017, Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB, and Swedbank started collaborating to develop the P27 Nordic Payments Platform, with a solution planned to go live in 2023. However, in April 2023, P27 withdrew its clearing license application. The partner banks will now reassess the direction and scope of the initiative.
Contactless payments are on the rise in Finland, driven by increased promotion by banks and scheme providers. All of the country’s major banks now offer contactless cards. The declining use of cash and near-daily use of payment cards means the scope for contactless is significant. Contactless payments have also been integrated into public transport systems. For example, in February 2022, Helsinki Regional Transport enabled open-loop contactless payments on the city’s public transport system, in collaboration with transit payment services provider Littlepay. Commuters can make payments by tapping their contactless payment card or mobile wallet against readers installed on buses.
Rising adoption of mobile wallets is attributed to features such as user-friendly interfaces, diverse funding methods, and the convenience of eliminating the need for a physical wallet. In addition, many mobile wallets have varied use cases, such as in-store and online payments, P2P transfers, and bill payments. In October 2021, MobilePay partnered with the Finnish Government Shared Services Centre for Finance and HR (Palkeet) to enable MobilePay as a payment method for government agency bills.

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

85 Pages
  • Executive Summary
    • Finland: Key facts, 2023e
    • Finland: Benchmarking of payment cards, 2023e
    • Instant Payments
    • Payment Cards: Market Sizing and Forecasting
    • Payment Cards: Market by Product and Service Type
    • Debit Cards: Market Sizing and Forecasting
    • Debit Cards: Schemes
    • Debit Cards: Issuers
    • Credit and Charge Cards: Market Sizing and Forecasting
    • Credit and Charge Cards: Schemes
    • Credit and Charge Cards: Issuers
    • Credit Card Debt
    • Contactless Cards: Card Holding
    • Ecommerce: Market Sizing and Forecasting
    • Ecommerce: Market by Products and Services
    • Ecommerce: Market by Payment Tool
    • In-Store Payments: Market by Payment Tools
    • In-Store Payments: Market by Products and Services
  • Buy Now Pay Later
  • Mobile Payments
  • P2P Payments
  • Bill Payments
    • Alternative Payments: Payment Solutions
  • Payment Innovations
  • Job Analysis
    • POS Terminals and ATMs
    • Regulatory Environment
    • Finland: payment instrument transaction values (EUR billions), 2019-28
    • Finland: payment instrument transaction values ($ billions), 2019-28
    • Finland: payment instrument transaction volumes (millions), 2019-28
    • Finland: payment cards in circulation by type (000s), 2019-28
    • Finland: volume of payment card transactions (millions), 2019-28
    • Finland: value of payment card transactions (EUR billions), 2019-28
    • Finland: value of payment card transactions ($ millions), 2019-28
    • Finland: debit cards in circulation (millions), 2019-28
    • Finland: debit card transaction volumes, 2019-28
    • Finland: debit card transaction values (EUR), 2019-28
    • Finland: debit card transaction values ($), 2019-28
    • Finland: debit cards in circulation by scheme (000s), 2019-23e
    • Finland: debit card transaction values by scheme (EUR billions), 2019-23e
    • Finland: debit card transaction values by scheme ($ billions), 2019-23e
    • Finland: debit cards in circulation by issuer (000s), 2019-23e
    • Finland: debit cards transaction value by issuer (EUR billions), 2019-23e
    • Finland: debit cards transaction value by issuer ($ billions), 2019-23e
    • Finland: credit and charge cards in circulation (millions), 2019-28
    • Finland: credit and charge card transaction volumes, 2019-28
    • Finland: credit and charge card transaction values (EUR), 2019-28
    • Finland: credit and charge card transaction values ($), 2019-28
    • Finland: credit and charge cards in circulation by scheme (000s), 2019-23e
    • Finland: credit and charge card transaction values by scheme (EUR millions), 2019-23e
    • Finland: credit and charge card transaction values by scheme ($ millions), 2019-23e
    • Finland: credit and charge cards in circulation by issuer (000s), 2019-23e
    • Finland: credit and charge cards transaction value by issuer (EUR millions), 2019-23e
    • Finland: credit and charge cards transaction value by issuer ($ millions), 2019-23e
    • Finland: credit cards in circulation (000s), 2019-28
    • Finland: credit card transaction volumes, 2019-28
    • Finland: credit card transaction values (EUR), 2019-28
    • Finland: credit card transaction values ($), 2019-28
    • Finland: credit cards in circulation by scheme (000s), 2019-23e
    • Finland: credit card transaction values by scheme (EUR millions), 2019-23e
    • Finland: credit card transaction values by scheme ($ millions), 2019-23e
    • Finland: charge cards in circulation (000s), 2019-28
    • Finland: charge card transaction volumes, 2019-28
    • Finland: charge card transaction values (EUR), 2019-28
    • Finland: charge card transaction values ($), 2019-28
    • Finland: charge cards in circulation by scheme (000s), 2019-23e
    • Finland: charge card transaction values by scheme (EUR millions), 2019-23e
    • Finland: charge card transaction values by scheme ($ millions), 2019-23e
    • Survey sample across countries
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