Research By Markets adds Market Research Report - Ireland Cards & Payments: Opportunities and Risks to 2023
For detailed information: https://www.researchbymarkets.com/report/ireland-cards-payments-opportunities-and-risks-to-2023-406736.html
Ireland Cards & Payments: Opportunities and Risks to 2023
‘Ireland Cards & Payments: Opportunities and Risks to 2023’ report provides detailed analysis of market trends in Ireland’s 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 market shares of issuers and schemes.
The report brings together 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 and recent changes in regulatory structure.
‘Ireland Cards & Payments: Opportunities and Risks to 2023’ report provides top-level market analysis, information and insights into Ireland’s cards and payments industry, including –
– Current and forecast values for each market in Ireland’s cards and payments industry, including debit and credit cards.
– Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. 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 Ireland’s cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
– In November 2018 the European Central Bank launched TARGET Instant Payment Settlement. The service was developed as an extension of TARGET 2, allowing individuals and businesses to transfer euro-denominated funds in real-time 24 hours a day, seven days a week, 365 days a year – irrespective of the working hours of their local bank. As per the European Central Bank, the price for each instant payment transaction is fixed at 0.002 ($0.002) until November 2020. No fee will be charged on the first 10 million transactions made before the end of 2019.
– In an attempt to capitalize on the growing preference for contactless payments, banks are launching wearables with contactless functionality. In June 2018, KBC Bank launched Garmin Pay, which allows the bank’s current account and credit card customers to pay for goods and services using their Garmin smartwatch. And in December 2018, Allied Irish Banks (AIB) launched Fitbit Pay. To encourage uptake of the service, Fitbit offered AIB customers 20% cashback on purchases above 150 ($171.83) via the AIB Everyday Rewards program as part of a promotional campaign.
– The Irish acquiring and processing market has seen a string of mergers and acquisitions. In April 2019, AIB Group formed a joint venture with US-based payments processor First Data to acquire Irish payment solutions provider Payzone for a consideration of 100m ($114.55m). This move will help the acquirers build one of the largest payment companies in Ireland, combining financial services technology with acquiring and processing. Payzone also processes toll gateway payments, mobile top-ups, parcel collection services, parking fees, and utility bills. In the previous month, EVO acquired Ireland-based payment gateway provider Way2Pay. Way2Pay offers payment gateway solutions to schools and clubs in Ireland and the UK.
Reasons to buy
– Make strategic business decisions, using top-level historic and forecast market data, related to Ireland’s cards and payments industry and each market within it.
– Understand the key market trends and growth opportunities in Ireland’s cards and payments industry.
– Assess the competitive dynamics in Ireland’s cards and payments industry.
– Gain insights into marketing strategies used for various card types in Ireland.
– Gain insights into key regulations governing Ireland’s cards and payments industry.
Allied Irish Banks
Bank of Ireland
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