The Cards and Payments Industry in France: Emerging Trends and Opportunities to 2019

Published: Feb, 2016 | Pages: 73 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
Timetric's 'The Cards and Payments Industry in France: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in France's 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).

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). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together Timetric'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, recent changes in regulatory structure, card fraud statistics and profiles of card issuers operating in the country.
Summary
Timetric's 'The Cards and Payments Industry in France: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into France's cards and payments industry, including:

Current and forecast values for each market in France's cards and payments industry, including debit card, credit and charge cards. It also includes detailed analysis of the prepaid card market.

Detailed insights into payment instruments including credit transfers, cash transactions, checks, direct debits and payment cards. It also, includes an overview of the country's key alternative payment instruments.

E-commerce market analysis and online payment types.

Analysis of various market drivers and regulations governing France's 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 France's cards and payments industry.
Scope
This report provides a comprehensive analysis of France's cards and payments industry.

It provides current values for France's cards and payments industry for 2014, and forecast figures to 2019.

It details the different demographic, economic, infrastructural and business drivers affecting France's 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 France's cards and payments industry.
Reasons To Buy
Make strategic business decisions, using top-level historic and forecast market data, related to France's cards and payments industry and each market within it.

Understand the key market trends and growth opportunities in France's cards and payments industry.

Assess the competitive dynamics in France's cards and payments industry.

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

Gain insights into key regulations governing France's cards and payments industry.
Key Highlights
The French payment cards market has seen the uptake of contactless technology. According to the French Association of Contactless Mobile (AFSCM), the number of contactless transactions increased rapidly to reach 21.9 million as of September 2015, registering a staggering rise of 218%, over September 2014. In this regards, banks and telecom operators are launching contactless m-payment services. One of the latest being Credit Mutuel-CIC app introduced by Credit Mutuel in partnership with m-payment solution provider, Airtag in November 2015. Similarly, BNP Paribas expanded its KIX contactless payments service in April 2014, allowing its customers to make contactless payments for purchases of up to US$333.2 (EUR300) with a monthly ceiling of US$1,666.1 (EUR1,500). However, users must enter their PIN for payments over US$22.2 (EUR20). These moves are anticipated to further increase contactless transactions in France.

To increase the uptake of mobile POS (mPOS) among small merchants, solution providers are offering terminals at lower costs. According to a 2014 study by Visa Europe, there were 730,000 small and medium enterprises (SMEs) in the country equipped with smartphones but are not accepting card payments. Therefore, POS terminal manufacturers are introducing low-cost terminals to increase merchant adoption. For example, iZettle launched a card reader exclusively for small merchants in May 2015, allowing them to accept mobile payments (m-payments) by simply connecting the reader to a smartphone. Similarly, Payleven and SumUp offer low-cost card readers for small merchants. The introduction of low-cost solutions is anticipated to encourage merchants to accept card-based payments, further driving payment card transaction volumes and values.

Despite the availability of secure online payment solutions; Verified by Visa and MasterCard Secure Code, online card fraud grew during the review period (2010-2014). Card-not-present fraud accounted for 63.4%, the highest share of the total fraud registered in 2014. To curb this, banks in France are experimenting with new a technology called 'motion code' solution, under which the three-digit security (CVV) code on the back of the card is replaced with a mini-screen which displays a code that changes automatically at regular intervals. The project was undertaken by BCPE and BNP Paribas in partnership with Oberthur Technologies, and is presently under pilot. The two banks are planning to roll out the solution over the course of 2016. This additional security is anticipated to reduce the probability of card being used for fraudulent transactions online.

 Table of Contents
1 Definitions and Methodology
1.1 Definitions
1.2 Methodology
2 Key Facts and Events
3 Executive Summary
4 Payment Instruments
4.1 Current Payment Environment
5 E-Commerce
5.1 E-Commerce Market Analysis
6 Alternative Payments
6.1 Alternative Payment Instruments
6.1.1 Paylib
6.1.2 Hype
6.1.3 SlimPay
6.1.4 Starbucks mobile wallet
6.1.5 MasterPass
6.1.6 Visa Checkout
6.1.7 Seqr
7 Regulations in the Cards and Payments Industry
7.1 Regulatory Framework
7.1.1 SEPA cards framework
7.1.2 Interchange fee regulation
7.1.3 Regulation on cash transactions
7.2 Anti-Money Laundering (AML)
7.3 Foreign Direct Investment (FDI) Regulations
8 Analysis of Cards and Payments Industry Drivers
8.1 Demographic Drivers
8.2 Economic Drivers
8.3 Infrastructure Drivers
8.4 Business Drivers
9 Market Segmentation
9.1 Market Segmentation and Targeting
9.1.1 Consumer cards
9.1.2 Commercial cards
10 Payment Cards
10.1 Payment Cards Analysis
10.1.1 Volume and value of payment card transactions by type
10.1.2 Personal vs commercial cards
11 Debit Cards
11.1 Debit Card Market Analysis
11.1.1 Debit card transaction volumes and values by channel
11.1.2 Debit card scheme and issuer shares in terms of transaction value
11.1.3 Debit cards comparison
12 Credit Cards
12.1 Credit Card Market Analysis
12.1.1 Credit card transaction volumes and values by channel
12.1.2 Credit card scheme and issuer shares in terms of transaction value
12.1.3 Credit cards comparison
13 Charge Cards
13.1 Charge Card Market Analysis
13.1.1 Charge card transaction volumes and values by channel
13.1.2 Charge card scheme shares in terms of transaction value
13.1.3 Charge cards comparison
14 Commercial Cards
14.1 Commercial Card Market Analysis
14.1.1 Commercial cards comparison
15 Card Fraud Statistics
15.1 Card Fraud Analysis
16 Card Issuers
16.1 BPCE Group
16.2 BNP Paribas
16.3 Credit Agricole
16.4 Credit Mutuel-CIC Group
16.5 La Banque Postale
17 Prepaid Cards
17.1 Prepaid Card Market Analysis
17.1.1 Prepaid cards comparison
18 Private Label Cards
18.1 Private Label Card Market Analysis
19 Merchant Acquiring
19.1 Merchant Acquiring Market Analysis
20 Appendix
20.1 Tables
20.2 Contact Timetric
20.3 About Timetric
20.4 Timetric's Services
20.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: France - Key Facts, 2014
Table 4: Regional Benchmarking of France Payment Cards, 2014
Table 5: France - Mode of Entry of Foreign Banks
Table 6: Cards for High-Income Consumers, 2016
Table 7: Cards for Travelers, 2016
Table 8: Cards for Online Shoppers, 2016
Table 9: Cards for Retail Shoppers, 2016
Table 10: Cards for Students and Young Population, 2016
Table 11: Commercial Cards Comparison and Key Features, 2016
Table 12: France - Debit Cards Comparison and Key Features, 2015
Table 13: France - Gold Credit Cards Comparison and Key Features, 2015
Table 14: France - Premium Credit Cards Comparison and Key Features, 2015
Table 15: France - Charge Cards Comparison and Key Features, 2015
Table 16: France - Commercial Cards Comparison and Key Features, 2015
Table 17: France - Prepaid Cards Comparison and Key Features, 2015
Table 18: France - Private Label Credit Cards Comparison and Key Features, 2016
Table 19: France - Payment Instrument Transaction Values (EUR Billion), 2010-2014
Table 20: France - Payment Instrument Transaction Values (US$ Billion), 2010-2014
Table 21: France - Payment Instrument Transaction Volumes (Billion), 2010-2014
Table 22: France - Number of Payment Cards in Circulation by Type (Million), 2010-2019
Table 23: France - Volume of Payment Card Transactions by Type (Million), 2010-2019
Table 24: France - Value of Payment Card Transactions by Type (EUR Billion), 2010-2019
Table 25: France - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019
Table 26: France - Personal and Commercial Card Transaction Volumes (Million), 2010-2019
Table 27: France - Personal and Commercial Card Transaction Values (EUR Billion), 2010-2019
Table 28: France - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019
Table 29: France - Number of Debit Cards in Circulation (Million), 2010-2019
Table 30: France - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 31: France - Debit Card Total and Average Transaction Values by Channel, 2010-2019
Table 32: France - Debit Card Total and Average Transaction Values by Channel, 2010-2019
Table 33: France - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014
Table 34: France - Debit Card Transaction Values by Scheme (EUR Billion), 2010-2014
Table 35: France - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table 36: France - Debit Card Transaction Values by Issuer (EUR Billion), 2010-2014
Table 37: France - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014
Table 38: France - Number of Credit Cards in Circulation (Million), 2010-2019
Table 39: France - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 40: France - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table 41: France - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table 42: France - Number of Credit Cards in Circulation by Scheme (Million), 2010-2014
Table 43: France - Credit Card Transaction Values by Scheme (EUR Billion), 2010-2014
Table 44: France - Credit Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table 45: France - Pay Later Card Transaction Values by Issuer (EUR Billion), 2010-2014
Table 46: France - Pay Later Card Transaction Values by Issuer (US$ Billion), 2010-2014
Table 47: France - Credit Card Balances Outstanding by Issuer (EUR Billion), 2010-2014
Table 48: France - Credit Card Balances Outstanding by Issuer (US$ Billion), 2010-2014
Table 49: France - Number of Charge Cards in Circulation (Million), 2010-2019
Table 50: France - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 51: France - Charge Card Total and Average Transaction Values by Channel, 2010-2019
Table 52: France - Charge Card Total and Average Transaction Values by Channel, 2010-2019
Table 53: France - Number of Charge Cards in Circulation by Scheme (Million), 2010-2014
Table 54: France - Charge Card Transaction Values by Scheme (EUR Billion), 2010-2014
Table 55: France - Charge Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table 56: France - Number of Commercial Cards in Circulation (Million), 2010-2019
Table 57: France - Commercial Card Transaction Values (EUR Billion), 2010-2019
Table 58: France - Commercial Card Transaction Values (US$ Billion), 2010-2019
Table 59: France - Card Fraud (EUR Million), 2010-2014
Table 60: France - Card Fraud (US$ Million), 2010-2014
Table 61: France - Number of Prepaid Cards in Circulation (Million), 2010-2019
Table 62: France - Prepaid Card Transaction Values (EUR Million), 2010-2019
Table 63: France - Prepaid Card Transaction Values (US$ Million), 2010-2019
Table 64: France - Merchant Acquiring Transaction Volumes by Channel (Billion), 2010-2019
Table 65: France - Merchant Acquiring Transaction Values (EUR Billion), 2010-2019
Table 66: France - Merchant Acquiring Transaction Values (US$ Billion), 2010-2019
Table 67: France - Acquirers' Transaction Volumes (Billion), 2010-2014
Table 68: France - Acquirers' Transaction Values (EUR Billion), 2010-2014
Table 69: France - Acquirers' Transaction Values (US$ Billion), 2010-2014
Table 70: France - Retail Outlets and Merchant Accounts (Million), 2010-2019