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Market Research Report

Switzerland Cards and Payments - Opportunities and Risks to 2024

Published by GlobalData Product code 963020
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Switzerland Cards and Payments - Opportunities and Risks to 2024
Published: October 1, 2020 Content info:
Description

GlobalData's 'Switzerland Cards and Payments - Opportunities and Risks to 2024' report provides detailed analysis of market trends in the Swiss 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 (2016-20e).

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 (2020e-24f). 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.

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

  • Current and forecast values for each market in the Swiss 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 Swiss cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope

  • Due to coronavirus, the government is taking additional steps to promote electronic payments. In June 2020 it introduced the QR-bill payment system to replace traditional invoice payment slips. The Swiss QR Code integrated in the bills contains all the necessary payment information, allowing recipients to simply scan the QR code to make payments via mobile banking apps or internet banking.
  • The majority of payment cards in the country feature contactless functionality. According to data published by the Swiss National Bank, over 90% of credit cards and over 80% of debit cards were contactless-enabled as of June 2020. Amid COVID-19, the contactless payment limit was temporarily increased from CHF40 ($41.33) to CHF80 ($82.66) effective from April 8, 2020.
  • Uptake of alternative payments among Swiss consumers is growing due to the availability of solutions such as Samsung Pay, Apple Pay, and PayPal. In April 2019, Google Pay was launched in Switzerland in collaboration with Cornercard, BonusCard, Swiss Bankers, Revolut, and boon. Meanwhile, Switzerland-based fintech Yapeal launched a mobile wallet in July 2020 in partnership with card-issuing platform Marqeta.
  • The wallet combines a mobile payment platform and banking services in one app. Through the wallet, users can receive an instant digital Visa debit card that can be connected to mobile payment apps such as Google Pay, Samsung Pay, and Apple Pay.

Reasons to Buy

  • Make strategic business decisions, using top-level historic and forecast market data, related to the Swiss cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Swiss cards and payments industry.
  • Assess the competitive dynamics in the Swiss cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Switzerland.
  • Gain insights into key regulations governing the Swiss cards and payments industry.
Table of Contents
Product Code: GDFS0444CI

Table of Contents

Table of Contents

  • Payment Instruments
  • Card-based Payments
  • E-commerce Payments
  • Alternative Payments
  • Payment Innovations
  • Payments Infrastructure & Regulation

Appendix

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