Czech GDP is expected to record robust growth over the forecast period. Improved economic indicators, including GDP, rising per capita income and low inflation rates, are expected to support consumer confidence and increase spending, resulting in an increased scope of card-based transactions. This will be further supported by the rising online and mobile penetration, the emergence of EMV-enabled cards, and near field communication (NFC) technology. A number of innovations are taking place in the field of contactless payments and are being adopted by customers at a rapid rate.
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The Czech Republic Cards and Payments channel registered positive growth during the review period (2013-2018). The debit cards category held the highest share with 48% of cards in circulation in 2013. The debit cards category is expected to maintain the highest share of total payments, posting a CAGR of 1.5% over the forecast period. The prepaid cards category had the second-largest share with 25%, followed by credit cards with 12%.
In terms of a number of cards in circulation, the Czech Republic Cards and Payments channels increased at a CAGR of 5.5%. and is anticipated to post a forecast-period CAGR of 2.5%. In terms of the number of cards in circulation, the debit card category is expected to post a forecast-period CAGR of 1.5%. The prepaid card category had the second-highest share of 35%. The category is expected to post a forecast-period CAGR of 5%. The credit card category occupied the third-highest share of 14%.
Contactless technology has advanced and increased in popularity since its implementation in the Czech Republic, primarily due to improved convenience, speed and security. Large and small merchants contribute to the growth by offering contactless payment facilities to customers. Over the forecast period, the number of contactless payments is expected to record a high CAGR of 27%.
List of Companies mentioned in Czech Republic Cards and Payments report are:
- Ceska sporitelna
- Erste Bank
- ČSOB
- KBC Bank
- Komerční banka
- Societe Generale Group
- MONETA Money Bank
- Raiffeisen Bank
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Table of Content:
- Definitions
- Research Methodology
- Research Process
- Market Sizing
- Competitor Analysis
- Market Forecasting
- Quality Control Process
- Executive Summary
- Industry Benchmarking
- Market Attractiveness
- Industry Enablers
- Emerging Payment Technologies
- Growing E-commerce Market
- E-commerce Mix by Payment Method
- EMV Migration
- Contactless Cards
- Regulatory Framework
- Key Industry Events
- Merchant Acquiring Business Overview
- Business Overview & Key Operators
- Regulatory Framework
- Technological Changes
- Market Segmentation
- Cards for Students
- Cards for Travelers
- Cards for High-income Customers
- Cards for Frequent Shoppers
- Market Sizing
- Debit Cards Market Overview
- Scheme Providers
- Key Issuers
- Pay Later Cards Market Overview
- Scheme Providers
- Key Issuers
- Payment Terminals Market
- Payment Instruments Market
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