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The Cards and Payments Industry in the Czech Republic: Emerging Trends and Opportunities to 2020

The Cards and Payments Industry in the Czech Republic: Emerging Trends and Opportunities to 2020

Synopsis

Timetric’s 'The Cards and Payments Industry in the Czech Republic: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Czech Republic's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, payment cards, cash transactions, direct debits and credit transfers during the review period (2011–2015).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016–2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetric’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.

Summary

Timetric’s 'The Cards and Payments Industry in the Czech Republic: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Czech Republic's cards and payments industry, including:

  • Current and forecast values for each market in the Czech cards and payments industry, including debit card, credit and charge cards.
  • Detailed insights into payment instruments including credit transfers, direct debits, cash transactions, checks 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 Czech 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 Czech Republic's cards and payments industry.
Scope
  • This report provides a comprehensive analysis of the Czech Republic's cards and payments industry.
  • It provides current values for the Czech Republic's cards and payments industry for 2015, and forecast figures to 2020.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Czech 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 Czech Republic's cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Czech Republic's cards and payments industry.
  • Assess the competitive dynamics in the Czech cards and payments industry.
  • Gain insights into marketing strategies used for various card types in the Czech Republic.
  • Gain insights into key regulations governing the Czech Republic's cards and payments industry.
Key Highlights
  • According to the Czech National Bank (CNB), the number of cards with contactless functionality was 8.7 million, accounting for 75% of the total 11.6 million cards in 2015. Similarly, the number of contactless transactions reached 369.2 million in 2015 – which accounted for 48.5% of the country’s total payment card transactions. All major banks offer contactless cards, and banks and payment companies have enhanced efforts to increase acceptance of contactless cards. Komerční Banka launched a contactless debit card in collaboration with Visa in February 2014; it enables consumers to pay without inserting the card or entering the personal identification number (PIN) at point of sale (POS) terminals for payments of up to US$20.4 (CZK500). In November 2015, the bank announced plans to install 6,000 contactless-capable POS terminals across the Czech Republic.
  • In view of the rising e-commerce market, there is a rise in the uptake of alternative payments in the country with the availability of Paysafecard, Ukash, PayPal and MasterPass. MasterCard launched the MasterPass digital wallet in the Czech Republic in November 2014. MasterPass allows consumers to store payment card, shipping and billing address details in one place. Initially, payments were accepted at lza.cz, Czech Railways and DameJidlo.cz. In December 2015, MasterCard extended the payment platform to FreshDirect customersthe online fresh food supplier, to provide the option of paying through MasterPass for their online purchase. FreshDirect offered a US$25 (CZK612.2) discount for consumers on their first purchase using MasterPass as a payment option during the December 2015–March 2016 period.
  • Banks are increasingly focusing on small and mid-sized enterprises (SMEs) by offering business cards with a range of value-added services and pricing benefits. The latest being the introduction of MasterCard Business World Credit Cardin December 2015 by Komerční Banka. Cardholders are offered 1% cashback on all payments made until December 2016. The card is issued without charge, and the maintenance fee is waived if monthly spending surpasses US$204.2 (CZK5,000). The card also offers credit of US$4,083.8 (CZK100,000) to new start ups in selected sectors. UniCredit Bank offers Visa Electron debit cards without maintenance fees to SMEs with turnovers of up to US$2 million (CZK50 million) annually. The cardholders are provided benefits such travel insurance, purchase protection insurance and membership in the Priority Pass program entitling admission to 600 airport lounges across the world.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Events
    • Table The Czech Republic - Key Facts, 2015
    • Table Regional Benchmarking of the Czech Republic's Payment Cards, 2015
  • Executive Summary
  • Payment Instruments
    • Current Payment Environment
  • E-Commerce
    • E-Commerce Market Analysis
  • Alternative Payments
    • Alternative Payment Instruments
      • Paysafecard
      • Ukash
      • MasterPass
      • PayPal
      • O2 direct carrier billing
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
      • SEPA cards framework
      • Anti-money laundering framework
      • Interchange fee regulation
    • Foreign Direct Investment (FDI) Regulations
      • Table Czech Republic - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
    • Demographic Drivers
    • Economic Drivers
    • Infrastructure Drivers
    • Business Drivers
  • Market Segmentation
    • Market Segmentation and Targeting
      • Consumer cards
        • Table Cards for High-Income Consumers, 2016
        • Table Cards for Students and Young Population, 2016
        • Table Cards for Shoppers, 2016
        • Table Cards for Travelers, 2016
      • Commercial cards
        • Table Commercial Cards Comparison and Key Features, 2016
  • Payment Cards
    • Payment Cards Market Analysis
      • Volume and value of payment card transactions by type
      • Personal vs commercial cards
      • Contactless Cards
  • Debit Cards
    • Debit Card Market Analysis
      • Table Czech Republic - Visa Domestic Multi-Lateral Interchange Fees, December 2015
      • Table Czech Republic - MasterCard Consumer Card Interchange Fees, April 2016
      • Table Czech Republic - MasterCard Commercial Card Interchange Fees, April 2016
      • Debit card transaction volumes and values by channel
      • Debit card scheme and issuer shares in terms of transaction value
      • Debit cards comparison
        • Table Czech Republic - Debit Cards Comparison and Key Features, 2016
  • Credit Cards
    • Credit Card Market Analysis
      • Table Czech Republic - Visa Domestic Multi-lateral Interchange Fees, December 2015
      • Table Czech Republic - MasterCard Consumer Card Interchange Fees, April 2016
      • Table Czech Republic - MasterCard Commercial Card Interchange Fees, April 2016
      • Credit card transaction volumes and values by channel
      • Credit card scheme and issuer shares in terms of transaction value
      • Credit cards comparison
        • Table Czech Republic - Gold Credit Cards Comparison and Key Features, 2016
        • Table Czech Republic - Premium Credit Cards Comparison and Key Features, 2016
  • Charge Cards
    • Charge Card Market Analysis
      • Charge card transaction volumes and values by channel
      • Charge card scheme shares in terms of transaction value
  • Commercial Cards
    • Commercial Card Market Analysis
      • Commercial cards comparison
        • Table Czech Republic - Commercial Cards Comparison and Key Features, 2016
  • Appendix
    • Tables
      • Table Czech Republic - Payment Instrument Transaction Values (CZK Billion), 2011-2015
      • Table Czech Republic - Payment Instrument Transaction Values (US$ Billion), 2011-2015
      • Table Czech Republic - Payment Instrument Transaction Volumes (Million), 2011-2015
      • Table Czech Republic - Number of Payment Cards in Circulation by Type (Million), 2011-2020
      • Table Czech Republic - Volume of Payment Card Transactions by Type (Million), 2011-2020
      • Table Czech Republic - Value of Payment Card Transactions by Type (CZK Billion), 2011-2020
      • Table Czech Republic - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020
      • Table Czech Republic - Personal and Commercial Card Transaction Volumes (Million), 2011-2020
      • Table Czech Republic - Personal and Commercial Card Transaction Values (CZK Billion), 2011-2020
      • Table Czech Republic - Personal and Commercial Card Transaction Values (US$ Billion), 2011-2020
      • Table Czech Republic - Number of Debit Cards in Circulation (Million), 2011-2020
      • Table Czech Republic - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Czech Republic - Debit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Czech Republic - Number of Debit Cards in Circulation by Scheme (Million), 2011-2015
      • Table Czech Republic - Debit Card Transaction Values by Scheme (CZK Billion), 2011-2015
      • Table Czech Republic - Debit Card Transaction Values by Scheme (US$ Billion), 2011-2015
      • Table Czech Republic - Debit Card Transaction Values by Issuer (CZK Billion), 2011-2015
      • Table Czech Republic - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
      • Table Czech Republic - Number of Credit Cards in Circulation (Million), 2011-2020
      • Table Czech Republic - Credit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Czech Republic - Credit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Czech Republic - Number of Credit Cards in Circulation by Scheme (Thousand), 2011-2015
      • Table Czech Republic - Credit Card Transaction Values by Scheme (CZK Million), 2011-2015
      • Table Czech Republic - Credit Card Transaction Values by Scheme (US$ Million), 2011-2015
      • Table Czech Republic - Pay Later Card Transaction Values by Issuer (CZK Billion), 2011-2015
      • Table Czech Republic - Pay Later Card Transaction Values by Issuer (US$ Billion), 2011-2015
      • Table Czech Republic - Number of Charge Cards in Circulation (Thousand), 2011-2020
      • Table Czech Republic - Charge Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Czech Republic - Charge Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Czech Republic - Number of Charge Cards in Circulation by Scheme (Thousand), 2011-2015
      • Table Czech Republic - Charge Card Transaction Values by Scheme (CZK Billion), 2011-2015
      • Table Czech Republic - Charge Card Transaction Values by Scheme (US$ Million), 2011-2015
      • Table Czech Republic - Number of Commercial Cards in Circulation (Thousand), 2011-2020
      • Table Czech Republic - Commercial Card Transaction Values (CZK Billion), 2011-2020
      • Table Czech Republic - Commercial Card Transaction Values (US$ Million), 2011-2020
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