Market Research Logo

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

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

Synopsis

Timetric’s 'The Cards and Payments Industry in Norway: Emerging Trends and Opportunities to 2021' 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 credit transfers, direct debits, check payments, cash transactions and payment cards 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, and 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 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 Norway: Emerging Trends and Opportunities to 2021' 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 credit transfers, direct debits, check payments, cash transactions and payment cards. It also, includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis and payment methods.
  • 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 in the Norwegian cards and payments industry.
Scope
  • This report provides a comprehensive analysis of the Norwegian cards and payments industry.
  • It provides current values for the Norwegian cards and payments industry for 2016, and forecast figures to 2021.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Norwegian 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 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.
Key Highlights
  • To minimize cash handling costs, banks in Norway are slowly adapting branches into cashless locations. In 2014, 64 branches of DNB Bank were made cashless. Similarly, Nordea bank stopped handling cash-based transactions at its branches from October 2015; though it ensures that cash is still available in ATMs. This initiative is anticipated to accelerate the shift towards electronic payments.
  • The uptake of alternative payments among Norwegian consumers is gaining traction with the emergence of a number of payment options. Seqr was launched in January 2013, and was followed by MeaWallet in October 2014. In October 2015, SpareBank 1 acquired mCash. At the time of its acquisition, mCash had 100,000 users and 600 stores accepting the mCash service. To increase the uptake of its mobile payments, Danske Bank launched MobilePay in September 2015. The bank partnered with 100 retail outlets in Norway in October 2015. In early 2016, it partnered with Rema 1000 – a supermarket chain – allowing users to use service stores in Norway.
  • DNB Bank launched the country’s first mobile person to person (P2P) solution – Vipps – in May 2016. Payments can be made by the user to the recipient’s mobile number without the need for bank account details. Users need to link together their mobile number, debit card, bank account and national identity number to use the service. Within six months of its introduction, more than one million users downloaded the app on their mobile phones. As of March 2016, one in four Norwegians used this solution. The solution can be used by any bank account holder in the country.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Highlights
    • Table Norway - Key Facts, 2016
    • Table Regional Benchmarking of the Norwegian Payment Cards, 2016
  • Executive Summary
  • Payment Instruments
    • Current Payment Environment
  • E-Commerce and Alternative Payments
    • E-Commerce Market Analysis
    • Alternative Payment Solutions
      • PayPal
      • MobilePay
      • Vipps
      • Klarna
      • Ukash
      • MasterPass
      • Seqr
      • mCash
      • MeaWallet
      • PayByBill
  • Regulation in the Cards and Payments Industry
    • Regulatory Framework
      • SEPA cards framework
      • Interchange fee regulation
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Norway - Mode of Entry of Foreign
  • Analysis of Cards and Payments Industry Drivers
  • Payment Cards
  • Debit Cards
    • Debit Cards Market Analysis
    • Competition in Debit Cards Market
    • Debit Cards Comparison
      • Table Norway - Debit Cards Comparison and Key Features, 2016
  • Pay Later Cards
    • Pay Later Cards Market Analysis
    • Competition in Pay Later Cards Market
    • Pay Later Cards Comparison
      • Table Norway - Gold Credit Cards Comparison and Key Features, 2016
      • Table Norway - Premium Credit Cards Comparison and Key Features, 2016
      • Table Norway - Charge Cards Comparison and Key Features, 2016
  • Card Issuers
    • DNB Bank
    • Nordea Bank
    • Danske Bank
    • Handelsbanken
    • Skandinaviska Enskilda Banken (SEB)
  • Prepaid Cards
  • Merchant Acquiring
  • Appendix
    • Tables
      • Table Norway - Payment Instrument Transaction Values (NOK Billion), 2012-2016
      • Table Norway - Payment Instrument Transaction Values (US$ Billion), 2012-2016
      • Table Norway - Payment Instrument Transaction Volumes (Million), 2012-2016
      • Table Norway - Number of Payment Cards in Circulation by Type (Million), 2012-2021
      • Table Norway - Volume of Payment Card Transactions by Type (Million), 2012-2021
      • Table Norway - Value of Payment Card Transactions by Type (NOK Billion), 2012-2021
      • Table Norway - Value of Payment Card Transactions by Type (US$ Billion), 2012-2021
      • Table Norway - Number of Debit Cards in Circulation (Million), 2012-2021
      • Table Norway - Debit Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table Norway - Debit Card Total and Average Transaction Values by Channel, 2012-2021
      • Table Norway - Number of Debit Cards in Circulation by Scheme (Million), 2012-2016
      • Table Norway - Debit Card Transaction Values by Scheme (NOK Billion), 2012-2016
      • Table Norway - Debit Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Norway - Debit Card Transaction Values by Issuer (NOK Billion), 2012-2016
      • Table Norway - Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016
      • Table Norway - Number of Pay Later Cards in Circulation (Million), 2012-2021
      • Table Norway - Pay Later Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table Norway - Pay Later Card Total and Average Transaction Values by Channel, 2012-2021
      • Table Norway - Number of Pay Later Cards in Circulation by Scheme (Million), 2012-2016
      • Table Norway - Pay Later Card Transaction Values by Scheme (NOK Billion), 2012-2016
      • Table Norway - Pay Later Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Norway - Pay Later Card Transaction Values by Issuer (NOK Billion), 2012-2016
      • Table Norway - Pay Later Card Transaction Values by Issuer (US$ Billion), 2012-2016
      • Table Norway - Number of Credit Cards in Circulation (Million), 2012-2021
      • Table Norway - Credit Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table Norway - Credit Card Total and Average Transaction Values by Channel, 2012-2021
      • Table Norway - Number of Credit Cards in Circulation by Scheme (Million), 2012-2016
      • Table Norway - Credit Card Transaction Values by Scheme (NOK Billion), 2012-2016
      • Table Norway - Credit Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Norway - Number of Charge Cards in Circulation (Thousand), 2012-2021
      • Table Norway - Charge Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table Norway - Charge Card Total and Average Transaction Values by Channel, 2012-2021
      • Table Norway - Number of Charge Cards in Circulation by Scheme (Thousand), 2012-2016
      • Table Norway - Charge Card Transaction Values by Scheme (NOK Billion), 2012-2016
      • Table Norway - Charge Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Norway - Personal and Commercial Pay Later Card Transaction Volumes (Million), 2012-2021
      • Table Norway - Personal and Commercial Pay Later Card Transaction Values (NOK Billion), 2012-2021
      • Table Norway - Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2012-2021
      • Table Norway - Number of Commercial Pay Later Cards in Circulation (Thousand), 2012-2021
      • Table Norway - Commercial Pay Later Card Transaction Volumes (Million), 2012-2021
      • Table Norway - Commercial Pay Later Card Transaction Values (NOK Billion), 2012-2021
      • Table Norway - Commercial Pay Later Card Transaction Values (US$ Billion), 2012-2021
      • Table Norway - Number of Prepaid Cards in Circulation (Thousand), 2012-2021
      • Table Norway - Prepaid Card Transaction Values (NOK Million), 2012-2021
      • Table Norway - Prepaid Card Transaction Values (US$ Million), 2012-2021
      • Table Norway - Merchant Acquiring Transaction Volumes (Billion), 2011-2020
      • Table Norway - Merchant Acquiring Transaction Values (NOK Billion), 2011-2020
      • Table Norway - Merchant Acquiring Transaction Values (US$ Billion), 2011-2020
      • Table Norway - Acquirers' Transaction Volumes (Million), 2011-2015
      • Table Norway - Acquirers' Transaction Values (NOK Billion), 2011-2015
      • Table Norway - Acquirers' Transaction Values (US$ Billion), 2011-2015
      • Table Norway - Retail Outlets and Card Accepting Merchants (Thousand), 2011-2020
      • Table Norway - Debit Card, Average Interchange Fees: Intra-Network Transactions (%), 2011-2015
      • Table Norway - Debit Card, Average Merchant Service Charge and Interchange Fee (%), 2011-2020
      • Table Norway - Pay Later Card, Average Interchange Fees: Intra-Network Transactions (%), 2011-2015
      • Table Norway - Pay Later Card, Average Merchant Service Charge and Interchange Fee (%), 2011-2020
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report