France Cards and Payments – Opportunities and Risks to 2026

GlobalData’s ‘France Cards and Payments – Opportunities and Risks to 2026′ report provides detailed analysis of market trends in the French cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry including cards, cash, direct debits, credit transfers, cheques, and mobile wallets during the review-period (2018-22e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2022e–26f). It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into the French cards and payments industry, including –
– Current and forecast values for each market in the French cards and payments industry, including debit, credit and charge cards.
– Detailed insights into payment instruments including cards, cash, direct debits, credit transfers, cheques, and mobile wallets. It also, includes an overview of the country’s key alternative payment instruments.
– Ecommerce market analysis.
– Analysis of various market drivers and regulations governing the French 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 of the French cards and payments industry.

Scope

On July 2, 2020, a group of 16 European banks from five countries – Spain, Belgium, France, Germany, and the Netherlands –announced a European-level instant payment system called European Payments Initiative (EPI). The new solution aimed to create a unified payment solution for consumers and merchants across Europe, encompassing a payment card and a digital wallet and covering in-store, online, and P2P payments as well as cash withdrawals. The solution aims to replace domestic schemes for card, online, and mobile payments with a unified card and digital wallet that can be used across Europe. However, since banks from Spain, Germany, Finland, and Poland have withdrawn from the project, the idea of common card scheme was abandoned. The EPI Interim Company and the remaining participants are instead focusing on account-to-account instant payments for various use cases, all via a mobile wallet.

Interest in biometric cards is growing among French consumers as they provide enhanced security for in-store payments. In May 2022, Credit Agricole introduced a biometric card for contactless payments of EUR50 ($56.88) and above. On similar note, BNP Paribas also offers credit cards featuring biometric technology. The cards offer enhanced security as card holders can use fingerprint recognition instead of a PIN to verify their identity while making payments. A green or red light on the card indicates a successful or unsuccessful match with the card holder’s fingerprint.

The proliferation of digital-only banks is driving competition in the banking space, thus helping boost debit card holding. Revolut is an app-based bank that launched in France in December 2021. Similarly, in December 2020, BNP Paribas’ digital-only subsidiary Hello bank! launched a Visa-branded dual-functionality card called Hello Prime Virtual card to capitalize on the growing number of online payments.

Reasons to Buy

This report provides top-level market analysis, information and insights into the French cards and payments industry, including –

Make strategic business decisions, using top-level historic and forecast market data, related to the French cards and payments industry and each market within it.

Understand the key market trends and growth opportunities in the French cards and payments industry.

Assess the competitive dynamics in the French cards and payments industry.

Gain insights into marketing strategies used for various card types in France.

Gain insights into key regulations governing the French cards and payments industry.