Denmarks Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

Published: Apr, 2014 | Pages: 90 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
The report provides top-level market analysis, information and insights on Denmark's cards and payments industry, including:
Current and forecast values for each category of Denmark's cards and payments industry, including debit cards, credit cards and prepaid cards
Comprehensive analysis of the industry's market attractiveness and future growth areas
Analysis of various market drivers and regulations governing Denmark's cards and payments industry
Detailed analysis of the marketing strategies adopted for selling debit, credit and prepaid cards used by banks and other institutions in the market
Comprehensive analysis of consumer attitudes and buying preferences for cards
The competitive landscape of Denmark's cards and payments industry

Summary
The card payments channel recorded healthy growth in value and volume terms during the review period. In terms of the number of cards in circulation, the channel increased from 11.7 million cards in 2009 to 13.5 million in 2013, at a review-period CAGR of 3.68%. The debit cards category dominated the channel with the highest channel share of 49.6% in 2013. It also registered the highest review-period CAGR of 5.02%.
In terms of transaction value, the card payments channel posted a review-period CAGR of 6.03%, increasing from DKK347.1 billion (US$64.7 billion) in 2009 to DKK438.7 billion (US$77.7 billion) in 2013. The channel is expected to post a forecast-period CAGR of 3.42%, increasing from DKK459.2 billion (US$82.5 billion) in 2014 to DKK525.4 billion (US$97.1 billion) in 2018.
Mobile payments (m-payments) registered an exponential review-period CAGR of 125.43% and electronic commerce (e-commerce) posted a review-period CAGR of 17.94%. M-commerce and e-commerce are expected to post respective forecast-period CAGRs of 36.32% and 17.39%.
Outbound travel spending among the retail and corporate segments increased during the review period, at a CAGR of 4.73%, and is anticipated to increase further over the forecast period at a CAGR of 4.39%, fuelling the growth of travel cards.
Scope
This report provides a comprehensive analysis of Denmark's cards and payments industry.
It provides current values for Denmark's cards and payments industry for 2013, and forecast figures for 2018.
It details the different economic, infrastructural and business drivers affecting Denmark's cards and payments industry.
It outlines the current regulatory framework in the industry.
It details the marketing strategies used by various banks and other institutions.
It profiles the major banks in Denmark's cards and payments industry.
Reason To Buy
Make strategic business decisions using top-level historic and forecast market data related to Denmark's cards and payments industry and each market within it.
Understand the key market trends and growth opportunities within Denmark's cards and payments industry.
Assess the competitive dynamics in Denmark's cards and payments industry.
Gain insights in to the marketing strategies used for selling various card types in Denmark.
Gain insights into key regulations governing Denmark's cards and payments industry.
Key Highlights
In terms of the number of cards in circulation, the Danish card payments channel posted a review-period CAGR of 3.68%, increasing from 11.7 million cards in 2009 to 13.5 million in 2013. It is expected to post a forecast-period CAGR of 2.16%, to reach 15.1 million cards in 2018.
In terms of transaction value, the card payments channel posted a review-period CAGR of 6.03%, increasing from DKK347.1 billion (US$64.7 billion) in 2009 to DKK438.7 billion (US$77.7 billion) in 2013. The channel is expected to post a forecast-period CAGR of 3.42%, increasing from DKK459.2 billion (US$82.5 billion) in 2014 to DKK525.4 billion (US$97.1 billion) in 2018.
The card payments channel was dominated by the debit cards category, which accounted for a 49.6% share in 2013. The second-largest share was held by the prepaid cards category with 37.3%, followed by the credit cards category with 13.2%.
Owing to low associated costs such as issue fees, maintenance fees and transaction fees, debit cards emerged as a popular means of payment. In terms of the number of cards in circulation, the category recorded a review-period CAGR of 5.02% and is anticipated to register a forecast-period CAGR of 1.93% to reach 7.4 million cards in 2018.
Owing to high associated costs and frugal consumer spending, the credit cards category declined during the review period at a CAGR of -2.29%. However, with the Danish economy anticipated to recover and disposable income expected to increase, the category is anticipated to register a forecast-period CAGR of 1.58%, to reach 1.9 million cards by 2018.

 1 Executive Summary
2 Alysis of Market Environment, Key Trends and Drivers
2.1 Payment Infrastructure and Emerging Technologies
2.1.1 Rising internet penetration
2.1.2 Rising mobile penetration and m-payments
2.1.3 Adoption of EMV infrastructure
2.1.4 Point of sale (POS) termils
2.2 Business Drivers
2.2.1 Growth in retail industry
2.2.2 Growth in e-commerce
2.3 Economic Drivers
2.3.1 GDP growth
2.3.2 Rising GDP per capita
2.3.3 Inflation
3 Cards and Payments Industry Share Alysis
3.1 Industry Overview
3.1.1 Cash
3.1.2 Check payments
3.1.3 Card transactions
3.1.4 Credit transfer
3.1.5 Direct debit
4 Regulatory Framework and Card Fraud Statistics
4.1 Regulatory Framework
4.1.1 Oversight
4.1.2 New rules for calculating regular and surcharge fees on physical trades
4.1.3 Fee rules for use of payment cards in non-physical trades
4.1.4 SEPA cards framework
4.1.5 Anti-Money Laundering (AML) and Combating the Fincing of Terrorism (CFL)
4.1.6 Foreign direct investment (FDI) regulations
4.2 Card Fraud Statistics
4.2.1 Card-not-present fraud
4.2.2 Lost or stolen card fraud
4.2.3 Card ID theft
4.2.4 Counterfeit card fraud
5 Emerging Consumer Attitudes and Trends
5.1 Industry Segmentation and Targeting
5.1.1 Retail segment
5.1.2 Corporate segment
5.2 Travel and Tourism Spending
5.2.1 Outbound tourist trips
5.2.2 Outbound tourist spending
5.3 Retail Card Spending
5.3.1 Alysis by product categories
5.3.2 Alysis by retail channels
6 Alysis of Card Payments and Growth Prospects
6.1 Channel Share Alysis by Card Category
6.2 Size and Forecast of the Card Payments Channel
6.2.1 Alysis by number of cards in circulation
6.2.2 Alysis by transaction value
7 Alysis of Credit Card Payments and Growth Prospects
7.1 Overall Category Size and Forecast
7.1.1 Alysis by number of cards in circulation
7.1.2 Alysis by transaction value
7.1.3 Alysis by transaction volume
7.2 Transaction Share Alysis by Channel
7.2.1 Alysis by transaction value
7.2.2 Alysis by transaction volume
7.3 Persol Credit Cards Segment Size and Forecast
7.3.1 Alysis by number of cards in circulation
7.3.2 Alysis by transaction value
7.3.3 Alysis by transaction volume
7.4 Commercial Credit Cards Segment Size and Forecast
7.4.1 Alysis by number of cards in circulation
7.4.2 Alysis by transaction value
7.4.3 Alysis by transaction volume
7.5 Competitive Landscape
7.5.1 Scheme share alysis
7.5.2 Issuer share alysis
8 Alysis of Debit Card Payments and Growth Prospects
8.1 Overall Category Size and Forecast
8.1.1 Alysis by number of cards in circulation
8.1.2 Alysis by transaction value
8.1.3 Alysis by transaction volume
8.2 Transaction Share Alysis by Channel
8.2.1 Alysis by transaction value
8.2.2 Alysis by transaction volume
8.3 Competitive Landscape
8.3.1 Scheme share alysis
8.3.2 Issuer share alysis
9 Alysis of Prepaid Card Payments and Growth Prospects
9.1 Overall Category Size and Forecast
9.1.1 Alysis by number of cards in circulation
9.1.2 Alysis by transaction value
9.2 Open-Loop Prepaid Cards Segment Size and Forecast
9.2.1 Alysis by number of cards in circulation
9.2.2 Alysis by transaction value
9.3 Closed-Loop Prepaid Cards Segment Size and Forecast
9.3.1 Alysis by number of cards in circulation
9.3.2 Alysis by transaction value
10 Merchant Acquiring
10.1 Merchant Acquirers in Denmark
11 Company Profiles of Card Issuers
11.1 Danske Bank
11.1.1 Key fincials
11.1.2 Card portfolio
11.1.3 Strategies
11.2 Sydbank
11.2.1 Key fincials
11.2.2 Card portfolio
11.2.3 Strategies
11.3 Nordea Bank
11.3.1 Key fincials
11.3.2 Card portfolio
11.3.3 Strategies
11.4 Vestjysk Bank
11.4.1 Key fincials
11.4.2 Card portfolio
11.4.3 Strategies
11.5 Spar Nord Bank
11.5.1 Key fincials
11.5.2 Card portfolio
11.5.3 Strategies
12 Appendix
12.1 Methodology
12.2 Contact Timetric
12.3 About Timetric
12.4 Timetric's Services
12.5 Definitions
12.6 Disclaimer


List of Tables
Table 1: Danish Payment Channels (DKK Billion), 2009-2013
Table 2: Market Entry Strategies of Foreign Banks in Denmark
Table 3: Danish Card Fraud (DKK Million), 2009-2013
Table 4: Cards for Young Population in Denmark
Table 5: Denmark - Cards for Affluent Consumers, 2014
Table 6: Denmark - Purchase Cards, 2014
Table 7: Denmark - Travel Cards for Business Customers, 2014
Table 8: Danish Card Spending by Retail Product Category (DKK Million), 2008 and 2012
Table 9: Danish Card Spending by Retail Channel (DKK Million), 2008 and 2012
Table 10: Danish Card Payments Channel by Card Category (Million), 2009-2018
Table 11: Danish Card Payments Channel Size by Volume of Cards (Million), 2009-2018
Table 12: Danish Card Payments Channel Size by Transaction Value (DKK Billion), 2009-2018
Table 13: Danish Card Payments Channel Size by Transaction Value (US$ Billion), 2009-2018
Table 14: Danish Credit Cards Category Size by Volume of Cards (Million), 2009-2018
Table 15: Danish Credit Cards Category Size by Transaction Value (DKK Billion), 2009-2018
Table 16: Danish Credit Cards Category Size by Transaction Value (US$ Billion), 2009-2018
Table 17: Danish Credit Cards Category Size by Transaction Volume (Million), 2009-2018
Table 18: Danish Persol Credit Cards Segment Size by Volume of Cards (Million), 2009-2018
Table 19: Danish Persol Credit Cards Segment Size by Transaction Value (DKK Billion), 2009-2018
Table 20: Danish Persol Credit Cards Segment Size by Transaction Value (US$ Billion), 2009-2018
Table 21: Danish Persol Credit Cards Segment Size by Transaction Volume (Million), 2009-2018
Table 22: Danish Commercial Credit Cards Segment Size by Volume of Cards (Thousand), 2009-2018
Table 23: Danish Commercial Credit Cards Segment Size by Transaction Value (DKK Million), 2009-2018
Table 24: Danish Commercial Credit Cards Segment Size by Transaction Value (US$ Million), 2009-2018
Table 25: Danish Commercial Credit Cards Segment Size by Transaction Volume (Thousand), 2009-2018
Table 26: Danish Debit Cards Category Size by Volume of Cards (Million), 2009-2018
Table 27: Danish Debit Cards Category Size by Transaction Value (DKK Billion), 2009-2018
Table 28: Danish Debit Cards Category Size by Transaction Value (US$ Billion), 2009-2018
Table 29: Danish Debit Cards Category Size by Transaction Volume (Million), 2009-2018
Table 30: Danish Prepaid Cards Category Size by Volume of Cards (Million), 2009-2018
Table 31: Danish Prepaid Cards Category Size by Transaction Value (DKK Billion), 2009-2018
Table 32: Danish Prepaid Cards Category Size by Transaction Value (US$ Million), 2009-2018
Table 33: Danish Open-Loop Prepaid Cards Segment Size by Volume of Cards (Million), 2009-2018
Table 34: Danish Open-Loop Prepaid Cards Segment Size by Transaction Value (DKK Billion), 2009-2018
Table 35: Danish Open-Loop Prepaid Cards Segment Size by Transaction Value (US$ Million), 2009-2018
Table 36: Danish Closed-Loop Prepaid Cards Segment Size by Volume of Cards (Thousand), 2009-2018
Table 37: Danish Closed-Loop Prepaid Cards Segment Size by Transaction Value (DKK Million), 2009-2018
Table 38: Danish Closed-Loop Prepaid Cards Segment Size by Transaction Value (US$ Million), 2009-2018
Table 39: Danske Bank - Key Fincial Indicators (DKK Billion), Year Ending December, 2012-2013
Table 40: Danske Bank - Card Portfolio and Key Features
Table 41: Sydbank - Key Fincial Indicators (DKK Billion), Year Ending December, 2012-2013
Table 42: Sydbank - Card Portfolio and Key Features
Table 43: Nordea Bank - Key Fincial Indicators (EUR Billion), Year Ending December, 2012-2013
Table 44: Nordea Bank - Card Portfolio and Key Features
Table 45: Vestjysk Bank - Key Fincial Indicators (DKK Million), Year Ending December, 2012-2013
Table 46: Vestjysk Bank - Card Portfolio and Key Features
Table 47: Spar Nord Bank - Key Fincial Indicators (DKK Million), Year Ending December, 2012-2013
Table 48: Spar Nord Bank - Card Portfolio and Key Features
Table 49: Key Definitions