Payments Landscape in Switzerland: Opportunities and Risks to 2023

2019-07-19
Price :
Published : Jul-2019
No. of Pages : 52

Payments Landscape in Switzerland: Opportunities and Risks to 2023

Summary

GlobalData’s “Payments Landscape in Switzerland: Opportunities and Risks to 2023”, report provides detailed analysis of market trends in the Swiss cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, cash, and cheques during the review-period (2015-19e).

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 (2019e-23f). 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.

This report provides top-level market analysis, information and insights into the Swiss cards and payments industry, including –
– Current and forecast values for each market in the Swiss cards and payments industry, including debit, credit, and charge cards.
– Detailed insights into payment instruments including cards, credit transfers, cheques, cash, and direct debits. It also, includes an overview of the country’s key alternative payment instruments.
– E-commerce market analysis.
– Analysis of various market drivers and regulations governing the Swiss cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope

– To enhance the efficiency of payment processing and invoicing, all current Swiss payment slips will be replaced with the QR-bill system by mid-2020. QR-bill shows a QR code with a Swiss cross as the identifying feature, and it contains digital payment information. Using QR-bill, customers can make cashless payments using their TWINT wallet or via e-banking. The announcement was initially made in April 2017 by PaymentStandards.CH. However, the issuance of QR invoices was postponed from January 2019 to June 30, 2020. From mid-2020, billers will be able to send out their first QR-bill invoices, which will be fully compliant with regulatory requirements.
– The advent of mobile-only banks is likely to accelerate the shift towards electronic payments. In March 2019, Swiss bank Hypothekarbank Lenzburg partnered with fintech startup neon to launch a mobile-only bank bearing the latter’s name. neon allows users to open an account digitally via video identification within a few minutes. Account holders are offered a Mastercard-branded debit card. Previously, in February 2018 Bank Cler launched the mobile-only banking app Zak. Upon opening a Zak account, consumers are offered a Maestro card and a credit card free of charge.
РUptake of alternative payments among Swiss consumers is growing due to the availability of solutions such as Samsung Pay, Apple Pay, and PayPal. Google Pay was launched in Switzerland in collaboration with Corn̬rcard, BonusCard, Swiss Bankers Prepaid Services, Revolut, and boon. by Wirecard in April 2019. Two years previously, Samsung Pay was launched in Switzerland. The service allows owners of Samsung mobile phones to make in-store and online purchases. In Switzerland, Samsung Pay supports Visa, American Express, and Mastercard credit and prepaid cards issued by BonusCard, Corn̬rcard, Swiss Bankers Prepaid Services, and Swisscard.

Reasons to buy

– Make strategic business decisions, using top-level historic and forecast market data, related to the Swiss cards and payments industry and each market within it.
– Understand the key market trends and growth opportunities in the Swiss cards and payments industry.
– Assess the competitive dynamics in the Swiss cards and payments industry.
– Gain insights into marketing strategies used for various card types in Switzerland.
– Gain insights into key regulations governing the Swiss cards and payments industry.

Filed in: Banking & Finance
Publisher : GlobalData
More Reports
Title Price Buy Now

FinTrack: October 2019

FinTrack: October 2019 Summary Every month, FinTrack showcases the latest innovations from financial services providers around the world. Each innovation is assessed and rated on key criteria, providing you with valuable insight. The provision of financial services is constantly evolving, with new technology having a particularly significant impact. Innovations such as digital delivery, AI, biometrics, and robo-advice are enabling providers around the world to offer new and improved services to customers that will improve the way they manage their finances. The growing availability of these technologies is also making it easier than ever for new entrants to develop their own propositions and challenge the established providers. Scope - Samsung Pay launches international P2P transfers ......
$1295

Competitor Profile: Square

Competitor Profile: Square Summary Square is a US-based payment services provider that was launched in 2009. It enables businesses to accept payments through methods including debit and credit cards issued by all major scheme providers, as well as NFC-based solutions such as Google Pay and Apple Pay. For offline payments, Square offers an array of traditional and mobile point-of-sale (mPOS) solutions for payment acceptance via magnetic stripe, chip, and NFC cards. It also enables online payments through Square Checkout and e-commerce application programming interfaces (APIs). Square's point-of-sale (POS) solutions are used by a number of prominent brands such as Apple, Amazon, Best Buy, Staples, Target, and Walgreens. Square also offers fund transfers to both consumers and businesses t......
$350

Governance, Risk and Compliance – The Colombian Insurance Industry

Governance, Risk and Compliance - The Colombian Insurance Industry Summary GlobalData's 'Governance, Risk and Compliance - Colombian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Colombia. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal sy......
$950

Governance, Risk and Compliance – The Japanese Insurance Industry

Governance, Risk and Compliance - The Japanese Insurance Industry Summary GlobalData's 'Governance, Risk and Compliance - The Japanese Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Japan. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal sy......
$950

Competitor Profile: Pingit

Competitor Profile: Pingit Summary Pingit was the UK's first instant mobile payments app, introduced by Barclays in 2012. Initially launched as a peer-to-peer (P2P) payment service between individuals, it was extended for merchants, allowing them to accept payments for online and offline purchases. The service was initially only offered to Barclays account holders, before being extended to all UK residents with a UK-registered mobile number and UK bank account. The app can be downloaded from the Apple App Store or Google Play Store. The solution enables users to make real-time P2P transfers from their mobile phones using the recipient's mobile number. For Barclays customers, the app is directly linked to their Barclays current account; for non-Barclays customers, a Pingit account is cre......
$350

Enterprise Tech Ecosystem Series: Maybank

Enterprise Tech Ecosystem Series: Maybank Summary Maybank is a leading financial services provider that offers a range of personal banking, wholesale banking, investment banking, private banking, online banking, and insurance products and services. Its personal and wholesale banking product and service portfolio includes mortgage, car, and personal loans; debit and credit cards; savings, current, cash, and Islamic accounts; trade finance; custody and clearing services; personal accident plans; and share margin financing. It also provides wealth management and treasury services and takaful insurance products. This report provides insights into Maybank's digital transformation strategies, accelerator programs, and innovation centers. It also gives an overview of its technology initiatives......
$1295

Bermuda Insurance Industry: Key Trends and Opportunities to 2022

Bermuda Insurance Industry: Key Trends and Opportunities to 2022 Summary GlobalData's 'Bermuda Insurance Industry: Key Trends and Opportunities to 2022' report provides in-depth analysis, information and insights into the Bermudian insurance industry. GlobalData's 'Bermuda Insurance Industry: Key Trends and Opportunities to 2022' report provides a detailed outlook by product category for the Bermudian insurance industry. It provides values for key performance indicators such as written premium and investments during the review period (2013-2017) and forecast period (2017-2022). The report gives a comprehensive overview of theBermudian economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on s......
$995

Swaziland Insurance Industry: Key Trends and Opportunities to 2022

Swaziland Insurance Industry: Key Trends and Opportunities to 2022 Summary GlobalData's 'Swaziland Insurance Industry: Key Trends and Opportunities to 2022' report provides in-depth analysis, information and insights into the Swaziland insurance industry. GlobalData's 'Swaziland Insurance Industry: Key Trends and Opportunities to 2022' report provides a detailed outlook by product category for the Swaziland insurance industry. It provides values for key performance indicators such as written premium, investments, loss ratio, density and penetration during the review period (2013-2017) and forecast period (2017-2022). The report gives a comprehensive overview of the Swaziland economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, g......
$995

Enterprise Tech Ecosystem Series: ING Group

Enterprise Tech Ecosystem Series: ING Group Summary ING Group is a provider of retail and commercial banking services as well as other related financial solutions. The company provides deposit services, loans and mortgages, saving and investment products, derivatives and equities, credit and debit cards, asset and wealth management services, and financial planning solutions to individuals. It offers business loans, current accounts, trade and receivable financing, international banking, and other solutions to clients ranging from SMEs to large corporates. It also provides private banking and wealth and investment management services to high net worth individuals and families. Headquartered in the Netherlands, the group operates across Europe, the Americas, Asia, and Australia. This rep......
$1295

Denmark General Insurance: Key trends and Opportunities to 2023

Denmark General Insurance: Key trends and Opportunities to 2023 Summary GlobalData's 'Denmark General Insurance: Key Trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into the the Danish general insurance segment. GlobalData's 'Denmark General Insurance: Key Trends and Opportunities to 2023' report provides a detailed outlook by product category for the Danish general insurance segment. It provides values for key performance indicators such as written premium, loss ratio and general insurance penetration during the review period (2014-2018) and forecast period (2018-2023). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Danish economy and demographics, and provides detailed ......
$3999
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy