Market Research Report
Payments in the Netherlands 2017: What Consumers Want
|Published by||GlobalData||Product code||588422|
|Published||Content info||45 Pages
|Payments in the Netherlands 2017: What Consumers Want|
|Published: December 1, 2017||Content info: 45 Pages||
"Payments in the Netherlands 2017: What Consumers Want", report examines the consumer payments market in the Netherlands, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market.
The Dutch payment cards market is mature, with a high penetration rate of 1.9 payment cards per inhabitant. The market is dominated by debit cards, as consumers perceive them to be more secure, cost-effective, and consumer-friendly. Pay-later card payments are not popular due to a cultural aversion towards debt. Dutch consumers are very comfortable using debit cards - accounting for 90% of the overall transaction value in 2017 - and online payment channels (especially local brand iDEAL, backed by wide acceptance and a convenient user experience). Growth in the payment cards market is supported by well-developed infrastructure, with one POS terminal per 34 individuals. Growth in the e-commerce market is attributed to high internet and smartphone penetration. In spite of a high level of consumer comfort with established payment instruments, recent developments in mobile proximity payments and contactless technology by the likes of ING, Rabobank, and ABN Amro will see these payment options gain traction among Dutch consumers.
It provides in-depth analysis of the following -
Analyzes consumer attitudes to financial services by lifestage.
Analyzes the major payment card types in terms of both card holding and usage.
Identifies the major competitors in card issuing and how their position in the market has changed over the last five years.
Considers consumer attitudes towards P2P tools, mobile payment tools, and contactless cards, and how companies in the Netherlands are deploying these tools to meet customer needs.
Explores the online payment market in the Netherlands by merchant type and payment tool, as well as providing a five-year forecast for the development of the market.