Slovakia Cards and Payments: Opportunities and Risks to 2023

2020-03-18
Price :
Published : Mar-2020
No. of Pages : 52

Slovakia Cards and Payments: Opportunities and Risks to 2023

Summary

GlobalData’s ‘Slovakia Cards and Payments: Opportunities and Risks to 2023’ report provides detailed analysis of market trends in the Slovakian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, 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.

GlobalData’s ‘Slovakia Cards and Payments: Opportunities and Risks to 2023’ report provides top-level market analysis, information and insights into the Slovakian cards and payments industry, including –
– Current and forecast values for each market in the Slovakian cards and payments industry, including debit, credit, and charge cards.
– Detailed insights into payment instruments including credit transfers, direct debits, cheques, cash, and cards. 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 Slovakian cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope

– The proliferation of digital-only banks is driving competition in the banking space, which helps to boost debit card holding. 365.bank, a Slovakia-based digital-only bank, was launched in the country in November 2018, after the completion of a pilot phase for six months. The bank offers a free account which comes with a Mastercard contactless debit card. Furthermore, it was the first bank in Slovakia to launch the payments service through wearable devices such as Fitbit Pay and Garmin Pay, in June 2019. – In September 2019, Strong Customer Authentication (SCA) was enforced by the European Commission to increase payment security. The rule mandates all payment service providers (PSPs) to adopt a procedure to verify customer identity while making online card payments. PSPs can use any method including SMS, passwords, PIN numbers, biometric data/fingerprints, tokens, or control questions to authenticate payments. Furthermore, another regulation was passed in September 2019 that requires customers to enter the PIN for contactless payments by credit card, if they pay an amount less than or equal to €20 ($22.91) for five times in a row or if the total value of multiple transactions worth €20 ($22.91) exceeds €150 ($171.83). – The Slovak government and central bank are taking several initiatives to bring more of the population under the purview of a formal banking system. One such initiative is the introduction of law on basic bank accounts, which came into effect in January 2016. All the Slovak banks are mandated to offer free basic bank accounts to individuals whose monthly income is less than €400 ($458.2). However, this limit was revised in January 2019, with the minimum wage being changed to €520 ($595.7). Now, individuals can opt for a basic bank account if their income is less than 1.1 times of the monthly minimum wage, €572 ($655.3), and 15 times of the annual minimum wage, €7,800 ($8,935.3).

Reasons to Buy

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

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

How Customers Purchase Term Assurance 2019

How Customers Purchase Term Assurance 2019 Summary This report examines the attitudes, behaviors, and preferences of customers who purchased a term assurance policy in the last 12 months. It explores distribution and the purchasing journey, policy purchase triggers, the financial concerns of customers, perceptions around activity trackers, and brand selection. It also sizes the term assurance market using data from the Association of British Insurers. The attitudes, preferences, and behaviors of customers purchasing term assurance in the past 12 months differed depending on whether the policy purchased was linked to a mortgage or not. This affects factors including whether they purchased independently or with advice, what triggered them to purchase a policy, their top financial concerns......
$3250

Personal Capital: Tech Innovator Profile

Personal Capital: Tech Innovator Profile Summary Personal Capital provides online financial tools and financial advisory services that help individuals track, manage, and holistically view their finances in a single dashboard. This report provides insight into Personal Capital, including an overview of the company and its product offering, information on its key partnerships, and biographies of its top management. Scope - Personal Capital uses proprietary algorithms to analyze its users' data, and allows them to view and manage their personal finances in real-time through its comprehensive dashboard. - Personal Capital won awards at Investopedia's 2019 Robo-Advisor Awards in the Best Overall Robo-Advisor, Best for Goal Tracking, Best for Socially Responsible Investors, and Best for So......
$350

FinTrack: April 2020

FinTrack: April 2020 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 - Google is giving its debit card a second wind - One......
$1295

Australian Consumer Credit 2019: Review, Forecasts, and Future Opportunities

Australian Consumer Credit 2019: Review, Forecasts, and Future Opportunities Summary The Australian consumer credit market has been characterized by continued weakness as consumers prioritize mortgage debt over consumer debt. The growth of the Australian mortgage market combined with high debt servicing costs has displaced the consumer credit market as a less competitive form of finance. Balances outstanding for both personal loans and credit cards are not expected to grow until 2021, with COVID-19 expected to significantly disrupt the economy and change buying habits. This report provides information and insight on the Australian consumer credit market. It includes details of the overall personal loans and credit card market; a look at the Australian macroeconomic scene; the competitiv......
$5250

Prudential: Enterprise Tech Ecosystem Series

Prudential: Enterprise Tech Ecosystem Series Summary Prudential is a financial services group that offers long-term savings and protection products. Through its subsidiaries, the group provides retirement benefits and insurance coverage for various risks such as illness, death, and critical life events. It also provides investment solutions across various asset classes, including equities, multi-asset, ?xed income, infrastructure, and alternatives. The group offers its products and services through independent agents, regional and independent broker-dealers, wirehouses, and banks. Its operations span across Asia, the US, and Africa. Prudential's US-based business constitutes revenue from Jackson, a retirement solutions provider. The company's Asian segment comprises revenue from insuran......
$1295

Colombia: PESTLE Insights – Macroeconomic Outlook Report

Colombia: PESTLE Insights - Macroeconomic Outlook Report Summary Financial intermediation, real estate and business activities contributed 22.65% to the country's gross value added (GVA) in 2019, followed by mining, manufacturing and utilities (22.20%) and other services (19.65%). In nominal terms, the three sectors grew by 5.22%, 5.37% and 11.49%, respectively, in 2019, as per MarketLine. Bogota, Valle Del Cauca, and Antioquia are among the best performing provinces of Colombia. They contributed 49.7% of GDP and comprised 37.63% of Colombia's population in 2018. Scope - Colombia ranked 58th out of 160 nations in the World Bank's logistics performance index (LPI) in 2018 - The COLCAP index exhibited a declining trend over the last year. As of May 12, 2020, the COLCAP index stood at 1,......
$500

South Korea: PESTLE Insights – Macroeconomic Outlook Report

South Korea: PESTLE Insights - Macroeconomic Outlook Report Summary Mining, manufacturing and utilities contributed 33.5% to the gross value added (GVA) in 2019, followed by financial intermediation, real estate and business activities (19.3%), and wholesale, retail and hotels (11%). In 2018, Seoul, Gyeonggi-do, and Gyeongsangnam-do contributed 52.8% to the country's GDP and were home to 50.6% of the South Korea's population Scope - According to the World Bank's logistics performance index (LPI), transport and logistic infrastructure in South Korea deteriorated over the last two years with a decline in its ranking from 24th in 2016 to 25th out of 160 countries in 2018 - The overall KOSPI composite index exhibits a sharp decline in March 2020 as COVID-19 affected South Korean economic ......
$500

Dacadoo: Tech Innovator Profile

Dacadoo: Tech Innovator Profile Summary Dacadoo is a provider of digital health and wellbeing solutions that help individuals track, manage, and benchmark their fitness levels. This report provides insight into dacadoo, including an overview of the company and its product offering, information on its key partnerships, and biographies of its top management. Scope - dacadoo has raised total funding of $72.53m from investors including Samsung Venture Investment and Rakuten Capital. - The company was named one of Europe's top 100 digital pioneers by the Financial Times, Google, and leading European policymakers. Reasons to Buy - Gain insights into dacadoo's business operations. - Learn about its funding and partnerships. - Discover the company's technology focus.......
$350

Insurance in Turkey: Coronavirus (COVID-19) Sector Impact

Insurance in Turkey: Coronavirus (COVID-19) Sector Impact Summary GlobalData's 'Insurance in Turkey: Coronavirus (COVID-19) Sector Impact' report provides a snapshot of the impact on the Turkish insurance industry in light of the COVID-19 outbreak. This report provides brief review of the key trends and evolving developments that shape the impact of the COVID-19 outbreak in the Turkish insurance industry. It provides the impact of COVID-19 on the Turkish economy, the key business lines impacted by the virus outbreak and the revised market sizing estimates against pre-COVID-19 forecast period (2018-2022) across business segments of Life and General insurance. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on segm......
$1995

Retail Savings & Investments in UAE: Coronavirus (COVID-19) Sector Impact

Retail Savings & Investments in UAE: Coronavirus (COVID-19) Sector Impact Summary The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with key markets across the world losing 20-50% of their value for the year to date. Many economists and institutions have cut their forecasts, with consensus global GDP growth currently at 2.6% for 2020 and many experts predicting the potential onset of reces......
$1495
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