Market Research Reports, Inc. has announced the addition of “The Cards and Payments Industry in the UK: Emerging Trends and Opportunities to 2019” research report to their offering. See more at- http://mrr.cm/4PG
2. www.MarketResearchReports.com
Introduction to Report
Launch Date: December 29, 2015
Number of Pages: 82
Geography Coverage: United Kingdom
Available Format: PDF
Price For Single User License: USD 3,995
Price For Site User License: USD 7,990
Price For Global User License: USD 11,985
Delivery Time: Within 24 Hours (During Working Days)
3. www.MarketResearchReports.com
About the Report
The Cards and Payments Industry in the UK: Emerging
Trends and Opportunities to 2019 report provides
detailed analysis of market trends in the UK cards and
payments industry.
It provides values and volumes for a number of key
performance indicators in the industry, including check
payments, credit transfers, direct debits, payment cards
and cash transactions during the review period (2010–
2014).
4. www.MarketResearchReports.com
Key Highlights:
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 (2015–2019).
The UK government implemented the EU rule on the
interchange fee cap effective from December 9, 2015.
Under these new rules, the interchange fee for credit and
debit cards are capped at 0.3% and 0.2%, respectively.
The regulation is anticipated to have a major impact on
profitability of the UK's payment cards market. With a
reduction in revenue, issuers are likely to cut card
offerings and benefits for consumers, and instead look at
new ways to generate revenue.
5. www.MarketResearchReports.com
Key Highlights Continues…
One way could be to increase fees levied on debit and
credit cards. Alternatively, high-street banks might put an
end to free current accounts. The cap on interchange fees
is expected to reduce card issuers' revenue from
consumer cards, but not commercial cards.
Therefore, card issuers are likely to compensate for some
of the lost revenue by issuing more commercial charge
cards and credit cards.
The emergence of digital only banks is likely to
accelerate a shift towards electronic payments in the UK.
Atom Bank, which was granted a banking license by the
Bank of England in June 2015, may become the country's
first digital only bank, allowing consumers to conduct
banking transactions entirely online and via mobile
phones.
6. www.MarketResearchReports.com
Key Highlights Continues…
Other digital-only banks, such as the German-based
Fidor Bank, Tandem Bank and Starling Bank, are also
making their debut into the market.
The UK payment cards market has seen the uptake of
contactless technology from 2013 onwards. According to
the UK Cards Association, the number of contactless card
transactions increased from 1.7 million in 2010 to 319.2
million in 2014.
In September 2015 alone, 103.2 million contactless
transactions were made, including 89.7 million debit cards
and 13.5 million credit and charge cards. One of the key
drivers of contactless payments has been its use in
London's public transport system.
7. www.MarketResearchReports.com
Key Highlights Continues…
In 2014, there were 17 million contactless payments in
bus journeys and 14 million in rail trips. To drive growth in
contactless payments, the UK Cards Association increased
the spending limit on contactless transactions from the
existing US$31.5 (GBP20) to US$47.9 (GBP30) in
September 2015.
This move is anticipated to further propel contactless
transactions in the UK.
8. www.MarketResearchReports.com
Scope:
This report provides a comprehensive analysis of the UK
cards and payments industry.
It provides current values for the UK cards and payments
industry for 2014, and forecast figures to 2019.
It details the different demographic, economic,
infrastructural and business drivers affecting the UK cards
and payments industry.
It outlines the current regulatory framework in the
industry.
It details marketing strategies used by various banks and
other institutions.
It profiles major banks in the UK cards and payments
industry.
9. www.MarketResearchReports.com
Report Coverage:
Definitions and Methodology
Key Facts and Events
Executive Summary
Payment Instruments
E-Commerce
Alternative Payments
Regulations in the Cards and Payments Industry
Analysis of Cards and Payments Industry Drivers
Market Segmentation and New Product Launches
Payment Cards, Debit Cards, Credit Cards, Charge Cards,
Commercial Cards, Card Fraud Statistics, Card Issuers,
Prepaid Cards
Merchant Acquiring
Appendix
All logos and Images mentioned on this slide belong to their respective owners.
For more details regarding Report coverage see the last slide
10. www.MarketResearchReports.com
Company Coverage:
1. Llyods Bank
2. Barclays Bank
3. The Royal Bank of Scotland
4. HSBC
5. Santander UK
6. American Express
7. Visa
8. MasterCard
9. Diners Club
All logos and Images mentioned on this slide belong to their respective owners.
For more details regarding company coverage see the last slide
11. www.MarketResearchReports.com
Custom Research:
Are you an industry professional, entrepreneur,
venture capitalist, investors and organization, then let
us know your specific research requirements. Our goal
is to cater to your requirements be it for a custom
market research project, syndicated research report on
a specific market or industry sector, newsletter creation,
case study development or anything else related to
marketing research.
For Any Customization Related query Visit IdeaCenter @
http://www.marketresearchreports.com/idea-center
For regular industry updates subscribe to our newsletter
at:
http://www.marketresearchreports.com/subscribe-to-
newsletter
12. www.MarketResearchReports.com
How To Buy This Report?
Visit following URL to see Table of Content and
purchase this publication:
http://mrr.cm/4PG
About Market Research Reports, Inc.
Market Research Reports provides a customized set
of reports from reputed Publishers, built on the
intelligence available within organizations and
leverages on our motto of “Intelligence Redefined”.
Contact : Amitava Sen
Email : info@marketresearchreports.com
Phone: +1 302-703-7787 (USA) +91-8762746600 (India)