Cover Image
Market Research Report
Product code 
1037458

Financial Cards and Payments in Norway

Published: | Euromonitor International | 63 Pages | Delivery time: 1-2 business days

Price

Back to Top
Financial Cards and Payments in Norway
Published: November 9, 2021
Euromonitor International
Content info: 63 Pages
Delivery time: 1-2 business days
  • ALL
  • Description
  • Table of Contents
Description

As no strict lockdown was implemented in Norway during the COVID-19 pandemic, although card payment transactions saw a negative impact in 2020, the decline was minimal, especially in terms of value transactions. The main factors hampering growth in this year were the reduction of travel expenses, both business and private, consumers' reluctance to leave the house for fear of infection, and concern about spending in an uncertain economic environment. A rebound to growth is expected in card paymen...

Euromonitor International's Financial Cards and Payments in Norway report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Financial Cards and Payments market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market's major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: FCNO

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

  • Financial cards and payments in 2021: The big picture
  • 2021 key trends
  • Economic impact of pandemic limited due to government support
  • Competition for payment cards from alternative payment methods
  • New entrants not seen in financial cards, but in competing product types
  • What next for financial cards and payments?

MARKET INDICATORS

  • Table 1 Number of POS Terminals: Units 2016-2021
  • Table 2 Number of ATMs: Units 2016-2021
  • Table 3 Value Lost to Fraud 2016-2021
  • Table 4 Card Expenditure by Location 2021
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
  • Table 6 Domestic versus Foreign Spend 2021

MARKET DATA

  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2016-2021
  • Table 8 Financial Cards by Category: Number of Accounts 2016-2021
  • Table 9 Financial Cards Transactions by Category: Value 2016-2021
  • Table 10 Financial Cards by Category: Number of Transactions 2016-2021
  • Table 11 Consumer Payments by Category: Value 2016-2021
  • Table 12 Consumer Payments by Category: Number of Transactions 2016-2021
  • Table 13 M-Commerce by Category: Value 2016-2021
  • Table 14 M-Commerce by Category: % Value Growth 2016-2021
  • Table 15 Financial Cards: Number of Cards by Issuer 2016-2020
  • Table 16 Financial Cards: Number of Cards by Operator 2016-2020
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2021-2026
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2021-2026
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2021-2026
  • Table 23 Forecast Consumer Payments by Category: Value 2021-2026
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
  • Table 25 Forecast M-Commerce by Category: Value 2021-2026
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2021-2026

DISCLAIMER

SOURCES

    • Summary 1 Research Sources

DEBIT CARDS IN NORWAY

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Decline of cash boosts debit card transaction value
  • Contactless payments become part of daily life
  • Wide acceptance of debit cards continues to underpin a strong performance

PROSPECTS AND OPPORTUNITIES

  • Competition from mobile payments despite slower processing speed
  • Credit cards also expected to hamper growth for debit cards
  • Debit card set to remain the leading payment method despite challenges

CATEGORY DATA

  • Table 27 Debit Cards: Number of Cards in Circulation 2016-2021
  • Table 28 Debit Cards Transactions 2016-2021
  • Table 29 Debit Cards in Circulation: % Growth 2016-2021
  • Table 30 Debit Cards Transactions: % Growth 2016-2021
  • Table 31 Debit Cards: Number of Cards by Issuer 2016-2020
  • Table 32 Debit Cards: Number of Cards by Operator 2016-2020
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 34 Debit Cards Payment Transaction Value by Operator 2016-2020
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
  • Table 36 Forecast Debit Cards Transactions 2021-2026
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2021-2026
  • Table 38 Forecast Debit Cards Transactions: % Growth 2021-2026

CREDIT CARDS IN NORWAY

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Credit cards rebounds to growth, although transactions remain lower than in 2019
  • The growth of online shopping contributes to the recovery of credit cards
  • Slower rebound for commercial credit cards

PROSPECTS AND OPPORTUNITIES

  • Growth set to continue due to advantages over other cards
  • However, competition from mobile payments set to hamper growth
  • Alternative payment methods offer different benefits

CATEGORY DATA

  • Table 39 Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 40 Credit Cards Transactions 2016-2021
  • Table 41 Credit Cards in Circulation: % Growth 2016-2021
  • Table 42 Credit Cards Transactions: % Growth 2016-2021
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 44 Commercial Credit Cards Transactions 2016-2021
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2016-2021
  • Table 46 Commercial Credit Cards Transactions: % Growth 2016-2021
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 48 Personal Credit Cards Transactions 2016-2021
  • Table 49 Personal Credit Cards in Circulation: % Growth 2016-2021
  • Table 50 Personal Credit Cards Transactions: % Growth 2016-2021
  • Table 51 Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 52 Credit Cards: Number of Cards by Operator 2016-2020
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 54 Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2016-2020
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2016-2020
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 64 Forecast Credit Cards Transactions 2021-2026
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2021-2026
  • Table 66 Forecast Credit Cards Transactions: % Growth 2021-2026
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 68 Forecast Commercial Credit Cards Transactions 2021-2026
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 72 Forecast Personal Credit Cards Transactions 2021-2026
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2021-2026

CHARGE CARDS IN NORWAY

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Charge cards continues to struggle in 2021 as other card options are preferred
  • Dynamism of e-commerce unable to boost charge card transactions
  • Home working hampers growth of commercial charge cards

PROSPECTS AND OPPORTUNITIES

  • Credit cards have more benefits, which will attract consumers
  • Continued working from home will hamper the return to growth
  • A small category with little chance of revival

CATEGORY DATA

  • Table 75 Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 76 Charge Cards Transactions 2016-2021
  • Table 77 Charge Cards in Circulation: % Growth 2016-2021
  • Table 78 Charge Cards Transactions: % Growth 2016-2021
  • Table 79 Commercial Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 80 Commercial Charge Cards Transactions 2016-2021
  • Table 81 Commercial Charge Cards in Circulation: % Growth 2016-2021
  • Table 82 Commercial Charge Cards Transactions: % Growth 2016-2021
  • Table 83 Personal Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 84 Personal Charge Cards Transactions 2016-2021
  • Table 85 Personal Charge Cards in Circulation: % Growth 2016-2021
  • Table 86 Personal Charge Cards Transactions: % Growth 2016-2021
  • Table 87 Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 88 Charge Cards: Number of Cards by Operator 2016-2020
  • Table 89 Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 90 Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 91 Commercial Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 92 Commercial Charge Cards: Number of Cards by Operator 2016-2020
  • Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 95 Personal Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 96 Personal Charge Cards: Number of Cards by Operator 2016-2020
  • Table 97 Personal Charge Cards Transaction Value by Issuer 2016-2020
  • Table 98 Personal Charge Cards Transaction Value by Operator 2016-2020
  • Table 99 Forecast Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 100 Forecast Charge Cards Transactions 2021-2026
  • Table 101 Forecast Charge Cards in Circulation: % Growth 2021-2026
  • Table 102 Forecast Charge Cards Transactions: % Growth 2021-2026
  • Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 104 Forecast Commercial Charge Cards Transactions 2021-2026
  • Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2021-2026
  • Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2021-2026
  • Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 108 Forecast Personal Charge Cards Transactions 2021-2026
  • Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2021-2026
  • Table 110 Forecast Personal Charge Cards Transactions: % Growth 2021-2026

PRE-PAID CARDS IN NORWAY

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Transportation pre-paid cards suffer from lack of mobility during the pandemic
  • The move by consumers to apps for transportation also prevents recovery
  • Withdrawal of open loop pre-paid cards players leads transactions to plummet

PROSPECTS AND OPPORTUNITIES

  • Declines for both open and closed loop pre-paid cards
  • Pre-paid gift cards heading further towards obsolescence
  • Limited scope of pre-paid cards set to undermine forecast period performance

CATEGORY DATA

  • Table 121 Pre-paid Cards: Number of Cards in Circulation 2016-2021
  • Table 122 Pre-paid Cards Transactions 2016-2021
  • Table 123 Pre-paid Cards in Circulation: % Growth 2016-2021
  • Table 124 Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 125 Closed Loop Pre-paid Cards Transactions 2016-2021
  • Table 126 Closed Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 127 Open Loop Pre-paid Cards Transactions 2016-2021
  • Table 128 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 129 Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 130 Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 131 Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 132 Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 133 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 134 Closed Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 135 Closed Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 136 Closed Loop Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 137 Open Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 138 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 139 Open Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 140 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 141 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
  • Table 142 Forecast Pre-paid Cards Transactions 2021-2026
  • Table 143 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
  • Table 144 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 145 Forecast Closed Loop Pre-paid Cards Transactions 2021-2026
  • Table 146 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 147 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
  • Table 148 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026

STORE CARDS IN NORWAY

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Continued decline due to COVID-19 and co-branded cards for individuals
  • Even businesses are moving to alternative methods of payment
  • Better benefits are after offered by co-branded credit cards

PROSPECTS AND OPPORTUNITIES

  • Continued although slowing decline as other payment methods are preferred
  • Mobile payments and credit cards likely to pose strong competition
  • The shift towards e-commerce unlikely to benefit store cards

CATEGORY DATA

  • Table 111 Store Cards: Number of Cards in Circulation 2016-2021
  • Table 112 Store Cards Transactions 2016-2021
  • Table 113 Store Cards in Circulation: % Growth 2016-2021
  • Table 114 Store Cards Transactions: % Growth 2016-2021
  • Table 115 Store Cards: Number of Cards by Issuer 2016-2020
  • Table 116 Store Cards: Payment Transaction Value by Issuer 2016-2020
  • Table 117 Forecast Store Cards: Number of Cards in Circulation 2021-2026
  • Table 118 Forecast Store Cards Transactions 2021-2026
  • Table 119 Forecast Store Cards in Circulation: % Growth 2021-2026
  • Table 120 Forecast Store Cards Transactions: % Growth 2021-2026