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UK Cards and Payments - Opportunities and Risks to 2027

Publisher GlobalData
Published Jan 10, 2024
Length 100 Pages
SKU # GBDT18514562

Description

UK Cards and Payments - Opportunities and Risks to 2027

Summary

GlobalData’s United Kingdom (UK) Cards and Payments - Opportunities and Risks to 2027 report provides top-level market analysis, information and insights into the British cards and payments industry, including:

Current and forecast values for each market in the British cards and payments industry, including debit, credit and charge cards.

Detailed insights into payment instruments including cards, mobile wallets, credit transfer, cash, 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 British 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 British cards and payments industry.

Scope

Fintech companies and digital-only banks are entering the payment card space. In November 2022, Nigerian digital bank Kuda launched in the UK, offering services such as fund transfers, saving accounts, and physical and virtual payment cards. In January 2022, Klarna launched a Visa-branded credit card in the UK. Meanwhile, UK-based digital-only bank Monzo has been making significant inroads into the banking and payment space, with its customer base reaching over 8 million as of December 2023. The bank offers accounts for both individuals and businesses, including a Mastercard debit card.

Contactless payments are increasingly being rolled out for transport. In September 2023, UK-based payment company Unicard announced a partnership with Transport for Wales, which will enable commuters to pay for public transport using contactless payment cards and mobile wallets. The initial pilot test is taking place for trains running between cities including Newport and Cardiff, with a full commercial launch expected during 2024. Meanwhile, according to the UK government, over 50 rail stations across Southeast England will be installed with contactless payment systems by the end of 2023.

In the UK, switching current accounts is backed by a guarantee promising customers a clear and consistent level of service. Over 52 UK banks and building societies are signed up to the Current Account Switch Service. According to Pay.UK, 986,956 switches took place in 2022. Overall, the Current Account Switch Service had completed 8.8 million switches since its launch in 2013.

Reasons to Buy

Make strategic business decisions, using top-level historic and forecast market data, related to the British cards and payments industry and each market within it.

Understand the key market trends and growth opportunities in the British cards and payments industry.

Assess the competitive dynamics in the British cards and payments industry.

Gain insights into marketing strategies used for various card types in UK.

Gain insights into key regulations governing the British cards and payments industry.

Table of Contents

100 Pages
    • Executive Summary
    • Market Overview
    • 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
    • UK: payment instrument transaction values (GBP billions), 2019-27
    • UK: payment instrument transaction values ($ billions), 2019-27
    • UK: payment instrument transaction volumes (millions), 2019-27
    • UK: payment cards in circulation by type (millions), 2019-27
    • UK: volume of payment card transactions (billions), 2019-27
    • UK: value of payment card transactions (GBP billions), 2019-27
    • UK: value of payment card transactions ($ billions), 2019-27
    • UK: debit cards in circulation (millions), 2019-27
    • UK: debit card transaction volumes, 2019-27
    • UK: debit card transaction values (GBP), 2019-27
    • UK: debit card transaction values ($), 2019-27
    • UK: debit cards in circulation by scheme (millions), 2019-23e
    • UK: debit card transaction values by scheme (GBP billions), 2019-23e
    • UK: debit card transaction values by scheme ($ billions), 2019-23e
    • UK: debit cards in circulation by issuer (millions), 2019-23e
    • UK: debit cards transaction value by issuer (GBP billions), 2019-23e
    • UK: debit cards transaction value by issuer ($ billions), 2019-23e
    • UK: credit and charge cards in circulation (millions), 2019-27
    • UK: credit and charge card transaction volumes, 2019-27
    • UK: credit and charge card transaction values (GBP), 2019-27
    • UK: credit and charge card transaction values ($), 2019-27
    • UK: credit and charge cards in circulation by scheme (millions), 2019-23e
    • UK: credit and charge card transaction values by scheme (GBP billions), 2019-23e
    • UK: credit and charge card transaction values by scheme ($ billions), 2019-23e
    • UK: credit and charge cards in circulation by issuer (millions), 2019-23e
    • UK: credit and charge cards transaction value by issuer (GBP billions), 2019-23e
    • UK: credit and charge cards transaction value by issuer ($ billions), 2019-23e
    • UK: credit cards in circulation (millions), 2019-27
    • UK: credit card transaction volumes, 2019-27
    • UK: credit card transaction values (GBP), 2019-27
    • UK: credit card transaction values ($), 2019-27
    • UK: credit cards in circulation by scheme (millions), 2019-23e
    • UK: credit card transaction values by scheme (GBP billions), 2019-23e
    • UK: credit card transaction values by scheme ($ billions), 2019-23e
    • UK: charge cards in circulation (millions), 2019-27
    • UK: charge card transaction volumes, 2019-27
    • UK: charge card transaction values (GBP), 2019-27
    • UK: charge card transaction values ($), 2019-27
    • UK: charge cards in circulation by scheme (millions), 2019-23e
    • UK: charge card transaction values by scheme (GBP billions), 2019-23e
    • UK: charge card transaction values by scheme ($ billions), 2019-23e
    • UK: prepaid cards in circulation (millions), 2019-27
    • UK: prepaid card transaction values (GBP billions), 2019-27
    • UK: prepaid card transaction values ($ billions), 2019-27
    • UK: merchant acquiring transaction volumes (billions), 2019-27
    • UK: merchant acquiring transaction values (GBP billions), 2019-27
    • UK: merchant acquiring transaction values ($ billions), 2019-27
    • UK: acquirers' transaction volumes (millions), 2019-23e
    • UK: acquirers' transaction values (GBP billions), 2019-23e
    • UK: acquirers' transaction values ($ billions), 2019-23e
    • UK: retail outlets and card-accepting merchants (millions), 2019-27
    • UK: debit card average interchange fees (%), 2019-23e
    • UK: credit and charge card average interchange fees (%), 2019-23e
    • UK: debit card merchant service charge and interchange fee (%), 2019-27
    • UK: credit and charge card merchant service charge and interchange fee (%), 2019-27
    • UK: retail market by product categories (GBP billions), 2019-27
    • UK: retail market by product categories ($ billions), 2019-27
    • UK: retail market by service categories (GBP billions), 2017-21
    • UK: retail market by service categories ($ billions), 2017-21
    • Survey sample size across countries
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