France Cards and Payments – Opportunities and Risks to 2028
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France Cards and Payments Market Report Overview
The annual value of card transactions in the France cards and payments market was $857.59 billion in 2023. The French cards and payments industry is well developed. Multi-functional cards are a prominent feature of the French payment card market. The most common combination is debit and charge card facilities via a single payment card.
Additionally, the growing adoption of contactless cards, the expansion of digital-only banks, the emergence of alternative payment solutions, and the growth of e-commerce suggest that the French payment market will continue to expand at a CAGR of more than 5% during 2024-2028.
France Card Transactions Outlook, 2024-2028 ($ Billion)
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The France cards and payments market research report provides a detailed analysis of market trends influencing the industry. It provides transaction values and volumes for several payment instruments for the review period. In addition, the France cards and payments market analysis offers information on the country’s competitive landscape, including market shares of issuers and schemes. The report also entails regulatory policy details and provides extensive coverage of any recent changes in the regulatory structure.
Annual Card Transactions Value (2023) | $857.59 billion |
CAGR (2024-2028) | >5% |
Forecast Period | 2024-2028 |
Historical Period | 2019-2022 |
Key Payment Instruments | · Cards
· Credit Transfers · Direct Debits · Cash · Cheques |
Key Segments | · Card-Based Payments
· E-commerce Payments · In-Store Payments · Buy Now Pay Later · Mobile Payments |
Leading Players | · Credit Agricole
· Societe Generale Group · Groupe BPCE · BNP Paribas · La Banque Postale · Google Pay |
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France Cards and Payments Market Dynamics
The increasing number of contactless cards and the growing number of retailers accepting contactless payments will further boost the number of contactless payment cards in circulation. The introduction of contactless transport payments will further increase contactless payments. This makes it easier for passengers to access transport services without the need to buy physical tickets or deal with cash. Furthermore, merchants are increasingly focusing on offering innovative payment solutions for convenient offline shopping. For instance, in May 2023, retail company Auchan partnered with a payment service provider, Trigo, to launch a cashier-free store. Moreover, an increasing number of companies are launching online services to capitalize on the growing e-commerce market.
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France Cards and Payments Market Segmentation by Payment Instruments
Payment cards had the highest transaction volume in the France payments space in 2023
The key payment instruments in the France cards and payments market are cards, credit transfers, direct debits, cash, and cheques. Payment card usage is on the rise due to the convenience of electronic payments, a strong payment infrastructure, the growing preference for contactless payments, and the e-commerce market growth.
France Cards and Payments Market Analysis by Payment Instruments (Volume), 2023 (%)
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France Cards and Payments Market Segments
Debit cards led the card-based payments segment in 2023
The key segments in the France cards and payments market are card-based payments, merchant acquiring, e-commerce payments, in-store payments, buy now pay later, and mobile payments among others.
Card-Based Payments: The French payment card market is mature, with every consumer holding at least one payment card due to strong financial inclusion in the country. French consumers are familiar with electronic payment methods. The French government and banks have worked to increase banking penetration and provide value-added services and discounts on card payments. This has helped limit consumers’ dependency on cash.
France Card-Based Payments Market Analysis, 2023 (%)
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France Cards and Payments Market - Competitive Landscape
A few of the leading players in the France cards and payments market are:
- Credit Agricole
- Societe Generale Group
- Groupe BPCE
- BNP Paribas
- La Banque Postale
- Google Pay
France Cards and Payments Market Analysis by Players, 2023
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France Cards and Payments Market – Latest Developments
- In May 2023, retail company Auchan partnered with a payment service provider, Trigo, to launch a cashier-free store. Customers need to enter the store by tapping their payment cards at the EasyOut tap kiosks.
- In October 2023, Germany-based fashion retailer Takko launched its online website in France.
Segments Covered in the Report
France Cards and Payments Instruments Outlook (Value, $ Billion, 2019-2028)
- Cards
- Credit Transfers
- Direct Debits
- Cash
- Check
France Cards and Payments Market Segments Outlook (Value, $ Billion, 2019-2028)
- Card-Based Payments
- E-commerce Payments
- In-Store Payments
- Buy Now Pay Later
- Mobile Payments
- P2P Payments
- Bill Payments
- Alternative Payments
Scope
- Provides the current and forecast values for each market in France’s cards and payments industry, including debit, credit, and charge cards.
- Provides a detailed insights into payment instruments including cash, cards, direct debits, credit transfer, and cheques. It also includes an overview of the country’s key alternative payment instruments.
- Provides an E-commerce market analysis.
- Provides an Analysis of various market drivers and regulations governing France’s cards and payments industry.
- Provides a detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
- Provides a comprehensive analysis of consumer attitudes and buying preferences for cards.
- Provides the competitive landscape of France’s cards and payments industry.
Reasons to Buy
- Make strategic business decisions, using top-level historical and forecast market data, related to the Finnish cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Finnish cards and payments industry.
- Assess the competitive dynamics in the Finnish cards and payments industry.
- Gain insights into marketing strategies used for various card types in France.
- Gain insights into key regulations governing the Finnish cards and payments industry.
BNP Paribas
Credit Agricole
Societe Generale Group
La Banque Postale
Carrefour Banque
BNP Paribas
HSBC
Cartes Bancaires
Visa
American Express
Mastercard
Table of Contents
Frequently asked questions
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What was the annual value of card transactions in the France cards and payments market in 2023?
The annual value of card transactions in the France cards and payments market was $857.59 billion in 2023.
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What will the France cards market growth rate be during the forecast period?
The French annual cards market value is expected to grow at a CAGR of more than 5% during 2024-2028.
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Which was the leading payment instrument in the France cards and payments market in 2023?
Cards was the leading payment instrument in terms of transaction volume in the France cards and payments market in 2023.
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Which are the leading players in the France cards and payments market?
A few of the leading players in the France cards and payments market are Credit Agricole, Societe Generale Group, Groupe BPCE, BNP Paribas, La Banque Postale, and Google Pay among others.
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