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

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

Synopsis

Timetric’s 'The Cards and Payments Industry in Sweden: Emerging Trends and Opportunities to 2021' report provides detailed analysis of market trends in the Swedish 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 Sweden: Emerging Trends and Opportunities to 2021' report provides top-level market analysis, information and insights into the Swedish cards and payments industry, including:

  • Current and forecast values for each market in the Swedish 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 Swedish 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 Swedish cards and payments industry.
Scope
  • This report provides a comprehensive analysis of the Swedish cards and payments industry.
  • It provides current values for the Swedish cards and payments industry for 2016, and forecast figures to 2021.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Swedish 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 Swedish cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Swedish cards and payments industry.
  • Assess the competitive dynamics in the Swedish cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Sweden.
  • Gain insights into key regulations governing the Swedish cards and payments industry.
Key Highlights
  • To capitalize on the growing e-commerce market, in January 2016, Swedish banks expanded Swish, a widely used mobile app for online transactions. The app was previously used only for peer-to-peer (P2P) and in-store payments. Swish is owned by a consortium of six Swedish banks – Danske Bank, Handelsbanken, Länsförsäkringar Bank, Nordea, SEB and Swedbank. Swish has grown in popularity since its launch, with 4.9 million users in Sweden as of November 2016. In May 2016, US$892.3 million (SEK7.5 billion) worth of transactions were performed using Swish, rising to US$994.3 million (SEK8.4 billion) in November 2016.
  • To provide convenient and secure online payments for Swedish consumers, MasterCard launched the MasterPass digital wallet in December 2015, in association with Nordea, SEB and Swedbank, followed by ICA Banken and Resurs Bank in early 2016. In October 2016, MasterCard introduced Identity Check Mobile – a biometric mobile application for secured online shopping – in Sweden and 11 other markets in Europe. The app authenticates online payments by confirming the user’s identity through the fingerprint scanner on a smartphone, or by taking a ’selfie’ and using facial-recognition technology.
  • Contactless technology is still at a nascent stage of development in Sweden, with only a handful of banks – such as ICA Banken and Danske Bank – offering contactless cards. The number of contactless cards increased threefold from 439,707 in 2015 to 1.5 million in 2016, and is anticipated to reach 15.0 million by 2021. With a rising number of small businesses and street vendors accepting payment cards for small-value transactions, the introduction of contactless technology is expected to drive payment card transaction volumes over the forecast period.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Highlights
    • Table Sweden - Key Facts, 2016
    • Table Regional Benchmarking of Swedish Payment Cards, 2016
  • Executive Summary
  • Payment Instruments
    • Current Payment Environment
  • E-Commerce and Alternative Payments
    • E-Commerce Market Analysis
    • Alternative Payment Solutions
      • Klarna
      • Swish
      • Seqr
      • PayPal
      • Trustly
      • MasterPass
      • Pay by palm
      • WyWallet
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
      • SEPA cards framework
      • Swedish laws regarding card use
      • EBA guidelines on online payment security
      • Interchange fee regulation
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Sweden - 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 Sweden - Debit Cards Comparison and Key Features, 2016
  • Pay Later Cards
    • Pay Later Card Market Analysis
    • Competition in the Pay Later Cards Market
    • Pay Later Cards Comparison
      • Table Sweden - Gold Credit Cards Comparison and Key Features, 2016
      • Table Sweden - Premium Credit Cards Comparison and Key Features, 2016
      • Table Sweden - Charge Cards Comparison and Key Features, 2016
  • Card Issuers
    • Swedbank
    • Svenska Handelsbanken
    • Nordea Bank
    • Länsförsäkringar Bank
    • Skandinaviska Enskilda Banken (SEB)
  • Prepaid Cards
  • Merchant Acquiring
  • Appendix
    • Tables
      • Table Sweden - Payment Instrument Transaction Values (SEK Billion), 2012-2016
      • Table Sweden - Payment Instrument Transaction Values (US$ Billion), 2012-2016
      • Table Sweden - Payment Instrument Transaction Volumes (Million), 2012-2016
      • Table Sweden - Number of Payment Cards in Circulation by Type (Million), 2012-2021
      • Table Sweden - Volume of Payment Card Transactions by Type (Million), 2012-2021
      • Table Sweden - Value of Payment Card Transactions by Type (SEK Billion), 2012-2021
      • Table Sweden - Value of Payment Card Transactions by Type (US$ Billion), 2012-2021
      • Table Sweden - Number of Debit Cards in Circulation (Million), 2012-2021
      • Table Sweden - Debit Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table Sweden - Debit Card Total and Average Transaction Values by Channel, 2012-2021
      • Table Sweden - Number of Debit Cards in Circulation by Scheme (Million), 2012-2016
      • Table Sweden - Debit Card Transaction Values by Scheme (SEK Billion), 2012-2016
      • Table Sweden - Debit Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Sweden - Debit Card Transaction Values by Issuer (SEK Billion), 2012-2016
      • Table Sweden - Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016
      • Table Sweden - Number of Pay Later Cards in Circulation (Million), 2012-2021
      • Table Sweden - Pay Later Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table Sweden - Pay Later Card Total and Average Transaction Values by Channel, 2012-2021
      • Table Sweden - Number of Pay Later Cards in Circulation by Scheme (Thousand), 2012-2016
      • Table Sweden - Pay Later Card Transaction Values by Scheme (SEK Million), 2012-2016
      • Table Sweden - Pay Later Card Transaction Values by Scheme (US$ Million), 2012-2016
      • Table Sweden - Pay Later Card Transaction Values by Issuer (SEK Billion), 2012-2016
      • Table Sweden - Pay Later Card Transaction Values by Issuer (US$ Billion), 2012-2016
      • Table Sweden - Number of Credit Cards in Circulation (Million), 2012-2021
      • Table Sweden - Credit Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table Sweden - Credit Card Total and Average Transaction Values by Channel, 2012-2021
      • Table Sweden - Number of Credit Cards in Circulation by Scheme (Million), 2012-2016
      • Table Sweden - Credit Card Transaction Values by Scheme (SEK Billion), 2012-2016
      • Table Sweden - Credit Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Sweden - Number of Charge Cards in Circulation (Thousand), 2012-2021
      • Table Sweden - Charge Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table Sweden - Charge Card Total and Average Transaction Values by Channel, 2012-2021
      • Table Sweden - Number of Charge Cards in Circulation by Scheme (Thousand), 2012-2016
      • Table Sweden - Charge Card Transaction Values by Scheme (SEK Billion), 2012-2016
      • Table Sweden - Charge Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Sweden - Personal and Commercial Pay Later Card Transaction Volumes (Million), 2012-2021
      • Table Sweden - Personal and Commercial Pay Later Card Transaction Values (SEK Billion), 2012-2021
      • Table Sweden - Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2012-2021
      • Table Sweden - Number of Commercial Pay Later Cards in Circulation (Thousand), 2012-2021
      • Table Sweden - Commercial Pay Later Card Transaction Volumes (Million), 2012-2021
      • Table Sweden - Commercial Pay Later Card Transaction Values (SEK Billion), 2012-2021
      • Table Sweden - Commercial Pay Later Card Transaction Values (US$ Billion), 2012-2021
      • Table Sweden - Number of Prepaid Cards in Circulation (Thousand), 2012-2021
      • Table Sweden - Prepaid Card Transaction Values (SEK Million), 2012-2021
      • Table Sweden - Prepaid Card Transaction Values (US$ Million), 2012-2021
      • Table Sweden - Merchant Acquiring Transaction Volumes (Billion), 2011-2020
      • Table Sweden - Merchant Acquiring Transaction Values (SEK Trillion), 2011-2020
      • Table Sweden - Merchant Acquiring Transaction Values (US$ Billion), 2011-2020
      • Table Sweden - Acquirers' Transaction Volumes (Billion), 2011-2015
      • Table Sweden - Acquirers' Transaction Values (SEK Billion), 2011-2015
      • Table Sweden - Acquirers' Transaction Values (US$ Billion), 2011-2015
      • Table Sweden - Retail Outlets and Card Accepting Merchants (Thousand), 2011-2020
      • Table Sweden - Debit Card, Average Interchange Fees: Intra-Network Transactions (%), 2011-2015
      • Table Sweden - Debit Card, Average Merchant Service Charge and Interchange Fee (%), 2011-2020
      • Table Sweden - Pay Later Card, Average Interchange Fees: Intra-Network Transactions (%), 2011-2015
      • Table Sweden - Pay Later Card, Average Merchant Service Charge and Interchange Fee (%), 2011-2020
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