
Norway Cards and Payments: Opportunities and Risks to 2027
Description
Norway Cards and Payments: Opportunities and Risks to 2027
Summary
GlobalData’s ‘Norway Cards and Payments: Opportunities and Risks to 2027' report provides detailed analysis of market trends in the Norwegian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfer, direct debits, cash, 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 (2023e-27). 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 ‘Norway Cards and Payments: Opportunities and Risks to 2027' report provides top-level market analysis, information and insights into the Norwegian cards and payments industry, including:
Current and forecast values for each market in the Norwegian cards and payments industry, including debit, credit and charge cards.
Detailed insights into payment instruments including cards, credit transfer, direct debits, cash, 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 Norwegian 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 Norwegian cards and payments industry.
Scope
Norges Bank has been steadily increasing interest rates to curb inflation, revising its policy rate to 4.5% in February 2024, up from 2.75% in January 2023. As a result, banks and card issuers are increasing interest rates on consumer lending products. Such moves will directly impact the credit card market, leading to reduced spending via these cards.
In May 2023, biometric payment services provider IDEX Biometrics partnered with payment services provider STMicroelectronics to launch payment cards integrated with STPay-Topaz-Bio biometric payment technology. The cards are integrated with an IDEX Biometric system on-chip fingerprint sensor, with card holders’ fingerprint data stored within the card. To make a payment, card holders place their finger on the card sensor, then tap the card on the contactless reader. Biometric authentication replaces the need to enter a PIN, enabling card holders to make payments of any amount (unlike traditional contactless payment cards).
Growth in POS terminal adoption is supported by the availability of low-cost mobile POS solutions. The growing payment card market has attracted new entrants to the Norwegian mobile POS space. SumUp offers its mobile card readers in Norway. These readers enable merchants to accept all types of payments, including contactless, chip and PIN, Google Pay, and Apple Pay. Similarly, in June 2022, Danish fintech Vibrant launched mobile-based POS solutions for SMEs in five European countries, including Norway. The service enables merchants to use Android smartphones and tablets to receive contactless payments from customers.
Reasons to Buy
Make strategic business decisions, using top-level historic and forecast market data, related to the Norwegian cards and payments industry and each market within it.
Understand the key market trends and growth opportunities in the Norwegian cards and payments industry.
Assess the competitive dynamics in the Norwegian cards and payments industry.
Gain insights into marketing strategies used for various card types in Norway.
Gain insights into key regulations governing the Norwegian cards and payments industry.
Table of Contents
100 Pages
- Executive Summary
- Norway: Key facts, 2023e
- Norway: 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
- Prepaid Cards: Market Sizing and Forecasting
- Contactless Cards: Card Holding
- Acquiring and Processing
- Retail: Market Sizing and Forecasting
- 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
- Norway: payment instrument transaction values (NOK billions), 2019-27
- Norway: payment instrument transaction values ($ millions), 2019-27
- Norway: payment instrument transaction volumes (millions), 2019-27
- Norway: payment cards in circulation by type (millions), 2019-27
- Norway: volume of payment card transactions (millions), 2019-27
- Norway: value of payment card transactions (NOK billions), 2019-27
- Norway: value of payment card transactions ($ billions), 2019-27
- Norway: debit cards in circulation (millions), 2019-27
- Norway: debit card transaction volumes, 2019-27
- Norway: debit card transaction values (NOK), 2019-27
- Norway: debit card transaction values ($), 2019-27
- Norway: debit cards in circulation by scheme (millions), 2019-23e
- Norway: debit card transaction values by scheme (NOK billions), 2019-23e
- Norway: debit card transaction values by scheme ($ billions), 2019-23e
- Norway: debit cards in circulation by issuer (000s), 2019-23e
- Norway: debit cards transaction value by issuer (NOK billions), 2019-23e
- Norway: debit cards transaction value by issuer ($ billions), 2019-23e
- Norway: credit and charge cards in circulation (millions), 2019-27
- Norway: credit and charge card transaction volumes, 2019-27
- Norway: credit and charge card transaction values (NOK), 2019-27
- Norway: credit and charge card transaction values ($), 2019-27
- Norway: credit and charge cards in circulation by scheme (millions), 2019-23e
- Norway: credit and charge card transaction values by scheme (NOK billions), 2019-23e
- Norway: credit and charge card transaction values by scheme ($ billions), 2019-23e
- Norway: credit and charge cards in circulation by issuer (000s), 2019-23e
- Norway: credit and charge cards transaction value by issuer (NOK billions), 2019-23e
- Norway: credit and charge cards transaction value by issuer ($ billions), 2019-23e
- Norway: credit cards in circulation (millions), 2019-27
- Norway: credit card transaction volumes, 2019-27
- Norway: credit card transaction values (NOK), 2019-27
- Norway: credit card transaction values ($), 2019-27
- Norway: credit cards in circulation by scheme (millions), 2019-23e
- Norway: credit card transaction values by scheme (NOK billions), 2019-23e
- Norway: credit card transaction values by scheme ($ billions), 2019-23e
- Norway: charge cards in circulation (000s), 2019-27
- Norway: charge card transaction volumes, 2019-27
- Norway: charge card transaction values (NOK), 2019-27
- Norway: charge card transaction values ($), 2019-27
- Norway: charge cards in circulation by scheme (000s), 2019-23e
- Norway: charge card transaction values by scheme (NOK billions), 2019-23e
- Norway: charge card transaction values by scheme ($ millions), 2019-23e
- Norway: prepaid cards in circulation (000s), 2019-27
- Norway: prepaid card transaction values (NOK millions), 2019-27
- Norway: prepaid card transaction values ($ millions), 2019-27
- Norway: merchant acquiring transaction values (NOK billions), 2019-27
- Norway: merchant acquiring transaction values ($ billions), 2019-27
- Norway: merchant acquiring transaction volumes (billions), 2019-27
- Norway: acquirers' transaction volumes (millions), 2019-23e
- Norway: acquirers' transaction values (NOK billions), 2019-23e
- Norway: acquirers' transaction values ($ billions), 2019-23e
- Norway: retail outlets and card-accepting merchants (millions), 2019-27
- Norway: debit card average interchange fees (%), 2019-23e
- Norway: credit and charge card average interchange fees (%), 2019-23e
- Norway: debit card merchant service charge and interchange fee (%), 2019-27
- Norway: credit and charge card merchant service charge and interchange fee (%), 2019-27
- Norway: retail market by product categories (NOK billions), 2019-27
- Norway: retail market by product categories ($ billions), 2019-27
- Norway: retail market by service categories ($ billion), 2018-22
- Norway: retail market by service categories (NOK billion), 2018-22
- Survey sample across countries
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