Portugal Cards and Payments - Opportunities and Risks to 2026

Abstract

GlobalData's 'Portugal Cards and Payments - Opportunities and Risks to 2026' report provides detailed analysis of market trends in the Portuguese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfer, direct debits, and cheques during the review-period (2018-22e).

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 (2022e-26f). It also offers information on the country's competitive landscape, including 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 detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into the Portuguese cards and payments industry, including -

• Current and forecast values for each market in the Portuguese cards and payments industry, including debit and credit cards
• Detailed insights into payment instruments including cash, cards, credit transfer, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
• Ecommerce market analysis.
• Analysis of various market drivers and regulations governing the Portuguese cards and payments industry.
• Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• The competitive landscape of the Portuguese cards and payments industry.

Scope

• To promote uptake and usage of electronic payments, in 2020 the central bank announced the National Strategy for Retail Payments 2020-2022. As part of the strategy, the central bank started migrating all payment cards and POS terminals to contactless. The central bank also mandated merchants to accept at least one electronic method of payment. In addition, it promoted instant payments by allowing fund transfers using mobile phone numbers, email addresses, civil identification numbers, and tax identification numbers instead of bank account numbers.
• The rising adoption of contactless payments in transportation is supporting the growth of card payments. For instance, in September 2022, Mastercard partnered with rail operator Fertagus and payment company Finaro to launch Tap & Ride, enabling customers to make contactless payment for a rail ticket to Lisbon. Similarly, in January 2023, Mastercard partnered with Trevo Evora's road transport network Viva Wallet, and Ubirider to launch contactless payment on public road transport. Payment can be made using a card, a smartphone, or a smartwatch.
• The emergence of digital-only banks will push up electronic payments in the country. UK-based Revolut launched its banking services in Portugal in December 2021. The bank offers Mastercard-branded virtual and physical debit cards. Moreover, digital-only bank Nickel began offering its services in Portugal in August 2022. A complimentary Mastercard Nickel Classic debit card is provided by the bank. Similar to this, digital bank Moey! introduced its eco-friendly debit card in June 2022. It is constructed of eco-friendly materials and inks.

Reasons to Buy

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