Poland Cards and Payments - Opportunities and Risks to 2025

Poland Cards and Payments - Opportunities and Risks to 2025

  • July 2021 •
  • 88 pages •
  • Report ID: 5935287 •
  • Format: PDF
Poland Cards and Payments - Opportunities and Risks to 2025

Summary
’Poland Cards and Payments - Opportunities and Risks to 2025’ report provides detailed analysis of market trends in the Polish 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 (2017-21e).

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 (2021e-25f). It also offers information on the country’s competitive landscape, including the 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 details of regulatory policy and recent changes in the regulatory structure.

This report provides top-level market analysis, information and insights into the Polish cards and payments industry, including -
- Current and forecast values for each market in the Polish cards and payments industry, including debit, credit and charge 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.
- Ecommerce market analysis.
- Analysis of various market drivers and regulations governing the Polish cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Scope
- In July 2020, a consortium of 16 European banks launched the European Payments Initiative (EPI) in a bid to create a unified payment solution for consumers and merchants across Europe. EPI aims to provide end-to-end solutions that cover all use cases. It plans to offer a unified card and digital wallet that can be used for P2P payments, instant payments, in-store and online payments, as well as cash withdrawals across Europe. Poland became the first non-euro country to join the initiative when PKO Bank Polski joined EPI on November 30, 2020 following a formal decision by EPI’s board of directors. The other European banks are BBVA, BNP Paribas, Groupe BPCE, CaixaBank, Commerzbank, Credit Agricole, Credit Mutuel, Deutsche Bank, Deutcher Sparkassen- und Giroverband, DZ BANK Group, ING Bank, KBC Group, La Banque Postale, Banco Santander, Société Générale, and UniCredit. EPI is is expected to become fully operational in 2022.
- Amid the COVID-19 pandemic, Polish consumers are increasingly using contactless cards. According to a report published by Narodowy Bank Polski (NBP) - the country’s central bank - as of Q4 2020, contactless card payment transaction volume made up 94.9% of all card payment volume in Poland, which was up from 91.1% in Q1 2020. In terms of transaction value, contactless payments accounted for a 90.1% share in Q4 2020, up from 84.1% in Q1 2020. Meanwhile, the average value of contactless payment increased from PLN55.10 ($14.75) to PLN61.50 ($16.46) during the same period, supported by the increased contactless payment limit. All major banks now allow contactless payments of up to PLN100 ($26.77) without the need for a PIN.
- International acquirers Nets and Nexi merged into a single entity effective from July 1, 2021 after obtaining all necessary regulatory approvals. The new entity will have a presence in 25 countries, including a strengthened presence in Central and Eastern Europe. In February 2019, Nets partnered with domestic online payment solutions provider Przelewy24 to strengthen its presence in Poland.

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