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

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

Synopsis

Timetric’s 'The Cards and Payments Industry in Portugal: Emerging Trends and Opportunities to 2021' report provides detailed analysis of market trends in the Portuguese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, check payments, payment cards, direct debit and cash transactions 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 Portugal: Emerging Trends and Opportunities to 2021' report provides top-level market analysis, information and insights into the Portuguese cards and payments industry, including:

  • Current and forecast values for each market in the Portuguese cards and payments industry, including debit and credit cards.
  • Detailed insights into payment instruments including credit transfers, check payments, payment cards, direct debit and cash transactions. 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 Portuguese cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape in the Portuguese cards and payments industry.
Scope
  • This report provides a comprehensive analysis of the Portuguese cards and payments industry.
  • It provides current values for the Portuguese cards and payments industry for 2016, and forecast figures to 2021.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Portuguese 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 Portuguese cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Portuguese cards and payments industry.
  • Assess the competitive dynamics in the Portuguese cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Portugal.
  • Gain insights into key regulations governing the Portuguese cards and payments industry.
Key Highlights
  • The economic crisis had a profound effect on the Portuguese banking sector, which is still struggling with high debts and frail depositor confidence. This led to a period of consolidation; in 2015, Banco Santander Totta acquired Banco Banif. Similarly, in November 2016, Barclays sold Portugal’s Barclaycard consumer payments business to WiZink Bank. Likewise, Novo Banco was put up for sale by the government in 2015. This is likely to lead to concentration in both card issuing and merchant acquiring business.
  • The Postal Services of Portugal (CTT) entered into the banking sector with the launch of its bank, Banco CTT, in November 2015. In March 2016, the bank launched 51 branches, with plans to increase its branch network to 200 by the end of 2016. To make banking and payment services more accessible to customers, the bank offers both in-branch and online banking services, and set up its branches at locations with high customer footfall such as shopping malls. This is anticipated to increase banking penetration and thereby boost the adoption of banking products such as current accounts and debit cards.
  • EU regulation on capping interchange fees for credit and debit cards at 0.3% and 0.2% respectively was implemented in Portugal in 2015. Consequently, large banks saw their revenues on payment cards decrease. To combat revenue erosion, banks increased annual fees, current account minimum-balances and maintenance fees.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Highlights
    • Table Portugal - Key Facts, 2016
    • Table Regional Benchmarking of Portuguese Payment Cards, 2016
  • Executive Summary
  • Payment Instruments
    • Current Payment Environment
  • E-Commerce and Alternative Payments
    • E-Commerce Market Analysis
    • Alternative Payment Solutions
      • Seqr
      • MEO wallet
      • Paysafecard
      • MB Way
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
      • SEPA cards framework
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Portugal - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
  • Payment Cards
  • Debit Cards
    • Debit Cards Market Analysis
    • Competition in the Debit Cards Market
    • Debit Cards Comparison
      • Table Portugal - Debit Cards Comparison and Key Features, 2016
  • Pay Later Cards
    • Pay Later Cards Market Analysis
    • Competition in the Pay Later Cards Market
    • Pay Later Cards Comparison
      • Table Portugal - Gold Credit Cards Comparison and Key Features, 2016
      • Table Portugal - Premium Credit Cards Comparison and Key Features, 2016
  • Prepaid Cards
  • Appendix
    • Tables
      • Table Portugal - Payment Instrument Transaction Values (EUR Billion), 2012-2016
      • Table Portugal - Payment Instrument Transaction Values (US$ Billion), 2012-2016
      • Table Portugal - Payment Instrument Transaction Volumes (Million), 2012-2016
      • Table Portugal - Number of Payment Cards in Circulation by Type (Million), 2012-2021
      • Table Portugal - Volume of Payment Card Transactions by Type (Million), 2012-2021
      • Table Portugal - Value of Payment Card Transactions by Type (EUR Billion), 2012-2021
      • Table Portugal - Value of Payment Card Transactions by Type (US$ Billion), 2012-2021
      • Table Portugal - Number of Debit Cards in Circulation (Million), 2012-2021
      • Table Portugal - Debit Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table Portugal - Debit Card Total and Average Transaction Values by Channel, 2012-2021
      • Table Portugal - Number of Debit Cards in Circulation by Scheme (Million), 2012-2016
      • Table Portugal - Debit Card Transaction Values by Scheme (EUR Billion), 2012-2016
      • Table Portugal - Debit Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Portugal - Debit Card Transaction Values by Issuer (EUR Billion), 2012-2016
      • Table Portugal - Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016
      • Table Portugal - Number of Pay Later Cards in Circulation (Million), 2012-2021
      • Table Portugal - Pay Later Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table Portugal - Pay Later Card Total and Average Transaction Values by Channel, 2012-2021
      • Table Portugal - Number of Pay Later Cards in Circulation by Scheme (Thousand), 2012-2016
      • Table Portugal - Pay Later Card Transaction Values by Scheme (EUR Million), 2012-2016
      • Table Portugal - Pay Later Card Transaction Values by Scheme (US$ Million), 2012-2016
      • Table Portugal - Pay Later Card Transaction Values by Issuer (EUR Million), 2012-2016
      • Table Portugal - Pay Later Card Transaction Values by Issuer (US$ Million), 2012-2016
      • Table Portugal - Personal and Commercial Pay Later Card Transaction Volumes (Million), 2012-2021
      • Table Portugal - Personal and Commercial Pay Later Card Transaction Values (EUR Million), 2012-2021
      • Table Portugal - Personal and Commercial Pay Later Card Transaction Values (US$ Million), 2012-2021
      • Table Portugal - Number of Commercial Pay Later Cards in Circulation (Thousand), 2012-2021
      • Table Portugal - Commercial Pay Later Card Transaction Volumes (Million), 2012-2021
      • Table Portugal - Commercial Pay Later Card Transaction Values (EUR Million), 2012-2021
      • Table Portugal - Commercial Pay Later Card Transaction Values (US$ Million), 2012-2021
      • Table Portugal - Number of Prepaid Cards in Circulation (Thousand), 2012-2021
      • Table Portugal - Prepaid Card Transaction Values (EUR Million), 2012-2021
      • Table Portugal - Prepaid Card Transaction Values (US$ Million), 2012-2021
    • 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