Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Emerging Opportunities in Germany's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape  Join our daily free Newsletter

MENAFN Press - 18/12/2012

No. of Ratings : 0
Add to Mixx!


(MENAFN Press) Germany has the world's fourth-largest economy and presents numerous challenges for international entrants into the cards and payments industry.

Consumers continue to give cash based payments precedence over card based payments.

Total card spend declined at an average rate of 0.3% from 2005 to 2009 according to figures collected by the Bank for International Settlements (BIS). Barclaycard has operated in the market for 20 years and has over one million credit cards in circulation.

Germany has been depicted as cash intensive and unwilling to adopt payment cards on a grander scale by statistics from the BIS and European Central Bank, but there is positive speculation regarding opportunities which could emerge in Germany in the coming years.

Germany has an advanced saving level and low level of debt. The household savings rate was around 10% at the end of 2008, compared to 0.5% for the US and 8% for the EU as a whole.

This higher than average saving rate has meant a different approach to payments in the country, as cash takes precedence over electronic payments.

In retail sales there has been a slow but steady decline in the percentage of cash payments over the review period (2008“2012), a decline that has been offset by the absolute increase in transaction volume.

Debit cards in particular have become increasingly popular owing to a greater adoption rate and technical improvements.

The German card industry is ripe for growth with a highly developed payments infrastructure and, compared to other economies, a relatively low level of card usage.

Payments at POS are around 60% in cash, while 30% are paid by debit card and the remaining 10% is split fairly evenly between credit cards and merchant cards.

Key highlights of this title

·The Germany's cards and payments industry grew substantially in volume and value during the review period. In terms of transaction volume, the card payment industry grew at a CAGR of 5.55% from 4.4 billion transactions in 2008 to 5.4 billion in 2012.

·Key initiatives are being taken by the Central Bank of Germany (Deutsche Bundesbank) to facilitate cashless transactions, including the adoption of the secure SEPA system, the implementation of EMV technology and development of e-payment systems.

·Germany plans to completely migrate to EMV technology by February 1, 2016. EMV based cards and POS terminals will facilitate the expansion of the contactless payment system and NFC technology in the retail sector.

·Another important development in the German contactless payment system is the launch of the Touch & Travel mobile ticketing service by Germany's rail transport company, Deutsche Bahn, in 2011.

·The future of ELV is uncertain because of a debate in Germany about the deactivation of magnetic stripe based cards and upcoming changes to the European direct debit system.


·This report provides a comprehensive analysis of the Germany's cards and payments industry.

·It provides current value for the Germany's cards and payments market for the year 2012 and forecast figure for the year 2017.

·It details the different macroeconomic, infrastructural, consumer and business drivers affecting the Germany's cards and payments industry.

·It outlines current regulatory framework in the industry.

·It details the marketing strategies used by various bankers and other institutions.

·It profiles the major banks in the Germany's cards and payments market.

Reasons to Purchase

·Make strategic business decisions using top-level historic and forecast market data related to the Germany's cards and payments market and each market within it.

·Understand the key market trends and growth opportunities within the Germany's cards and payments market.

·Assess the competitive dynamics in the Germany's cards and payments market.

·Gain insights in to the marketing strategies used for selling various types of cards in the Germany's market.

·Gain insights into key regulations governing the Germany's cards and payment market.

If you are interested in purchasing this research, please click on the following link:


About Emerging Opportunities in Germany's Cards and Payments Industry
Emerging Opportunities in Germany's Cards and Payments IndustryIf you are interested in purchasing this research, please click on the following link:http://www.menafn.com/research/research_rp_details.asp?rp_id=5911


  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad al-issa.al-issa called on applicants ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Here?s your chance to share screen space with SRK ,Khaleej Times
(MENAFN - Khaleej Times) Groupon india has joined hands with srk?s red chillies entertainment to give fans a chance to feature with the superstar in his upcoming film ?happy new year?. if you ...

Apr 23 2014Saudi- Noha Al-Sharif — an expert in Islamic sculpture ,Arab News
(MENAFN - Arab News) Saudi sculptress noha al-sharif is known for her islamic inspired sculptures that reflect both religion and lifestyle. the concept of modern art attracted her to this medium ...

Apr 23 2014Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014Kowait- New hospital to be ready by 2014 end ,Arab Times
(MENAFN - Arab Times) Kuwait city jan 14 (kuna): director of the 'mega projects 3' group at kuwait oil company (koc) yaqoub dashti said on tuesday that the new ahmadi hospital would be ready to ...

Apr 23 2014Seven tied for the lead in chess championships ,Khaleej Times
(MENAFN - Khaleej Times) Former champion sukandar grabs lead of asian continental women?s chess. former asian women’s champion wgm irene sukandar of indonesia (left) beat wim ni shiqun ...

Apr 23 2014Saudi- ASUS showcases product series at Aramco Week ,Arab News
(MENAFN - Arab News) Asus described as the world's renowned consumer notebook vendor and producer of the 'world's best-selling motherboards" recently participated in aramco week and showcased a ...

Apr 23 2014Saudi- Five to die for 2003 attacks ,Arab News
(MENAFN - Arab News) A special criminal court on sunday convicted five people of terror related charges and sentenced them to death. thirty-seven others were sentenced to varying prison terms for ...

Apr 23 2014Qatar's Ezdan Holding buys 20 percent stake in Widam Food ,MENAFN
(MENAFN) Qatar-based Ezdan Holding Group said that it acquired a 20.16 percent stake in Widam Food Co. in a bid to promote investments and diversify its portfolio, The Peninsula Qatar ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help