The Cards and Payments Industry in Czech Republic: Emerging trends and opportunities to 2020

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Published: December 31, 2016 Report Code: VR1100MR-ST

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GlobalData’s "The Cards and Payments Industry in Czech Republic: Emerging trends and opportunities to 2020", report provides detailed analysis of market trends in the Czech Republic's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cheques, cash, payment cards and direct debit 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, transaction values and volumes during the review period and over the forecast period (2016-2020). It also offers information on the country's competitive landscape, including the 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 details of regulatory policy and recent changes in the regulatory structure.

The report provides top-level market analysis, information and insights into the Czech Republic's cards and payments industry, including –
– Current and forecast values for each market in the Czech Republic's cards and payments industry, including debit, credit and charge cards.
– Detailed insights into payment instruments including credit transfers, cheques, cash, direct debit 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 Czech Republic's cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Scope

– Contactless payments are gaining prominence in the Czech Republic, with all major banks – Česká spořitelna (CSAS), Československá obchodní banka (CSOB), Komerční banka, MONETA Money Bank, and Raiffeisen Bank – offering contactless debit/credit cards. Overall, the number of cards with contactless functionality reached 10.9 million in 2016. Komerční banka launched a contactless debit card in collaboration with Visa in February 2014. The card enables consumers to pay without inserting the card or entering a PIN at point-of-sale (POS) terminals for payments of up to $19.45 (CZK500). In November 2015, the bank announced the installation of 6,000 contactless-capable POS terminals across the Czech Republic. In December 2016, Ingenico partnered with Dallmayr – a vending machine operator – to introduce contactless functionality in 50 coffee vending machines across the city of Prague.

– Alternative payments are gradually gaining prominence in the country, with the availability of a number of popular payment solutions including Paysafecard, PayPal, and MasterPass. Mastercard launched its digital wallet MasterPass in the Czech Republic in November 2014. In December 2015, Mastercard extended its MasterPass payment platform to FreshDirect, an online fresh food supplier. In November 2016, Mastercard collaborated with Shell Czech Republic to enable customers to pay using the MasterPass QR code feature at Shell fuel stations. Similarly, in August 2016 CSOB – a Bulgarian commercial bank, collaborated with SIA – an electronic payments provider – to launch the NaNákupy mobile wallet, allowing users to make NFC payments.

– To provide card holders with enhanced security measures, banks and card issuers are implementing biometrics authentication. In February 2016, VoiceKey – an integrated voice biometrics authentication feature – was launched by Worldcore. The solution can be used by consumers to access their bank accounts and authenticate payments. Consumers register a voice sample, and VoiceKey can then analyze a voice-password by 100 parameters to eliminate the chance of fraudulent access.

Reasons to Buy

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

– Understand the key market trends and growth opportunities in the Czech Republic's cards and payments industry.

– Assess the competitive dynamics in the Czech Republic's cards and payments industry.

– Gain insights into marketing strategies used for various card types in Czech Republic.

– Gain insights into key regulations governing the Czech Republic's cards and payments industry.

CSAS
CSOB
Komerční banka
MONETA Money Bank
Raiffeisen Bank
Visa
Mastercard
Diners Club

Table of Contents

Table of Contents

1. EXECUTIVE SUMMARY 2

1.1. Market overview 2

1.2. Key facts 3

1.3. Top five industry events 4

2. PAYMENT INSTRUMENTS 10

2.1. Current payment environment 10

3. E-COMMERCE AND ALTERNATIVE PAYMENTS 12

3.1. E-commerce market analysis 12

3.2. Alternative payment solutions 13

3.2.1. PayPal 13

3.2.2. MasterPass 13

3.2.3. Paysafecard 13

3.2.4. NaNákupy 13

3.2.5. Visa Wallet 14

3.2.6. O2 direct carrier billing 14

4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY 15

4.1. Regulatory framework 15

4.1.1. SEPA cards framework 15

4.1.2. Guidelines and requirements of the Payment Services Directive 15

4.1.3. Interchange fee regulation 16

4.2. Anti-money laundering 16

4.3. Foreign direct investment (FDI) regulations 16

5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS 17

6. PAYMENT CARDS 19

7. DEBIT CARDS 21

7.1. Debit cards market analysis 21

7.2. Competition in the debit card market 23

7.3. Debit cards comparison 24

8. PAY-LATER CARDS 25

8.1. Pay-later cards market analysis 25

8.2. Competition in the pay-later cards market 27

8.3. Pay-later cards comparison 29

9. PREPAID CARDS 30

10. APPENDIX 31

11.1. Abbreviations and acronyms 31

11.2. Supplementary data 32

11.3. Definitions 43

11.4. Methodology 45

11.5. Bibliography 47

11.6. Further reading 47

Table

List of Tables

Table 1: Czech Republic: key facts, 2016 3

Table 2: Czech Republic: regional benchmarking of payment cards, 2016 3

Table 3: Czech Republic: mode of entry of foreign banks 16

Table 4: Czech Republic: debit card comparison and key features, 2016 24

Table 5: Czech republic: gold credit card comparison and key features, 2016 29

Table 6: Czech Republic: premium credit card comparison and key features, 2016 29

Table 7: Czech Republic: charge cards comparison and key features, 2016 29

Table 8: Czech Republic: payment instrument transaction values (CZKbn), 2012-16e 32

Table 9: Czech Republic: payment instrument transaction values ($bn), 2012-16e 32

Table 10: Czech Republic: payment instrument transaction volumes (millions), 2012-16e 32

Table 11: Czech Republic: payment cards in circulation by type (millions), 2012-20f 32

Table 12: Czech Republic: volume of payment card transactions (millions), 2012-20f 33

Table 13: Czech Republic: value of payment card transactions (CZKbn), 2012-20f 33

Table 14: Czech Republic: value of payment card transactions ($bn), 2012-20f 33

Table 15: Czech Republic: debit cards in circulation (millions), 2012-20f 33

Table 16: Czech Republic: debit card transaction volumes, 2012-20f 34

Table 17: Czech Republic: debit card transaction values (CZK), 2012-20f 34

Table 18: Czech Republic: debit card transaction values ($), 2012-20f 34

Table 19: Czech Republic: debit cards in circulation by scheme (000s), 2012-16e 35

Table 20: Czech Republic: debit card transaction values by scheme (CZKm), 2012-16e 35

Table 21: Czech Republic: debit card transaction values by scheme ($m), 2012-16e 35

Table 22: Czech Republic: debit card transaction values by issuer (CZKbn), 2012-16e 35

Table 23: Czech Republic: debit card transaction values by issuer ($bn), 2012-16e 36

Table 24: Czech Republic: pay-later cards in circulation (millions), 2012-20f 36

Table 25: Czech Republic: pay-later card transaction volumes, 2012-20f 36

Table 26: Czech Republic: pay-later card transaction values (CZK), 2012-20f 36

Table 27: Czech Republic: pay-later card transaction values ($), 2012-20f 37

Table 28: Czech Republic: pay-later cards in circulation by scheme (000s), 2012-16e 37

Table 29: Czech Republic: pay-later card transaction values by scheme (CZKbn), 2012-16 37

Table 30: Czech Republic: pay-later card transaction values by scheme ($m), 2012-16e 37

Table 31: Czech Republic: pay-later card transaction values by issuer (CZKbn), 2012-16e 38

Table 32: Czech Republic: pay-later card transaction values by issuer ($m), 2012-16e 38

Table 33: Czech Republic: credit cards in circulation (millions), 2012-20f 38

Table 34: Czech Republic: credit card transaction volumes, 2012-20f 38

Table 35: Czech Republic: credit card transaction values (CZK), 2012-20f 39

Table 36: Czech Republic: credit card transaction values ($), 2012-20f 39

Table 37: Czech Republic: credit cards in circulation by scheme (000s), 2012-16e 39

Table 38: Czech Republic: credit card transaction values by scheme (CZKm), 2012-16e 40

Table 39: Czech Republic: credit card transaction values by scheme ($m), 2012-16e 40

Table 40: Czech Republic: charge cards in circulation (000s), 2012-20f 40

Table 41: Czech Republic: charge card transaction volumes, 2012-20f 40

Table 42: Czech Republic: charge card transaction values (CZK), 2012-20f 41

Table 43: Czech Republic: charge card transaction values ($), 2012-20f 41

Table 44: Czech Republic: charge cards in circulation by scheme (000s), 2012-16e 41

Table 45: Czech Republic: charge card transaction values by scheme (CZKm), 2012-16e 41

Table 46: Czech Republic: charge card transaction values by scheme ($m), 2012-16e 42

Table 47: Czech Republic: prepaid cards in circulation (000s), 2012-20f 42

Table 48: Czech Republic: prepaid card transaction values (CZKm), 2012-20f 42

Table 49: Czech Republic: prepaid card transaction values ($m), 2012-20f 42

Table 50: Key definitions 43

Figures

List of Figures

Figure 1: Czech Republic: payment instrument shares by transaction value (%), 2012 vs 2016 10

Figure 2: Czech Republic: payment instrument shares by transaction volume (%), 2012 vs 2016 11

Figure 3: Czech Republic: e-commerce value, 2012-20f 12

Figure 4: Czech Republic: population and economic indicators 17

Figure 5: Czech Republic: ATMs, POS terminals, and household consumption 18

Figure 6: Czech Republic: payment cards transaction value and cards in circulation, 2012-20f 19

Figure 7: Czech Republic: debit card penetration and turnover per card 21

Figure 8: Czech Republic: debit card scheme and issuer transaction value share, 2016 23

Figure 9: Czech Republic: pay-later card penetration and turnover per card 25

Figure 10: Czech Republic: pay-later card scheme and issuer transaction value share, 2016 27

Figure 11: Czech Republic: prepaid cards in circulation and transaction value, 2012-20f 30

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