Netherlands Cards and Payments - Opportunities and Risks to 2025

Netherlands Cards and Payments - Opportunities and Risks to 2025

  • March 2022 •
  • 89 pages •
  • Report ID: 6026619 •
  • Format: PDF
Netherlands Cards and Payments - Opportunities and Risks to 2025

Summary
’Netherlands Cards and Payments - Opportunities and Risks to 2025’ report provides detailed analysis of market trends in the Netherlands’ cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, cash, 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 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 detailed regulatory policies and recent changes in regulatory structure.

The report provides top-level market analysis, information and insights into the Netherlands’ cards and payments industry, including -
- Current and forecast values for each market in the Netherlands’ cards and payments industry, including debit, credit, and charge cards.
- Detailed insights into payment instruments including cards, credit transfers, cash, 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 Netherlands’ cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope
- Mobile wallet adoption and usage are low in the Netherlands compared to regional peers such as the UK, Spain, and Ireland. However, usage is gradually on the rise - supported by banks extending their support to mobile wallet solutions such as Apple Pay and Google Pay. In December 2020, ING extended Apple Pay support to its credit card holders. Meanwhile, PayPal launched a QR code payment service in May 2020. The COVID-19 pandemic also provided a much-needed push for mobile payments. According to the Dutch Payments Association, the number of mobile contactless payments increased from 116 million in 2019 to 516 million in 2020. By the end of December 2021, 25% of all contactless payments were made via smartphones and wearables, up from 15% at the end of December 2020.
- In October 2021, public transport operator Transdev Netherlands collaborated with electronic ticketing technology solutions provider Enghouse Telexis to launch contactless EMV payments on Transdev’s public transport network. This enables commuters to make contactless payments using debit cards, credit cards, and mobile wallet solutions. Initially the payment system was enabled in the Gooi & Vechtstreek region and is gradually being expanded to other regions across the country. The adoption of contactless payment cards for transport payments will further support payment card market growth.
- Buy now pay later is an emerging trend globally. The service is gradually gaining traction in the Netherlands, particularly among Generation Z consumers, many of whom do not have a credit card. The country’s buy now pay later market is crowded; AfterPay, Klarna, Billink, SprayPay, Sezzle, and Scalapay all have a presence in the market. AfterPay is the preferred buy now pay later tool for online purchases. It is supported by over 5,000 online merchants including Ziengs, Scapino, Blokker, and Omoda. Klarna offers both immediate and pay later options for ecommerce purchases, allowing users to pay for a product within 30 days of delivery or in three interest-free installments. Klarna also supports in-store payments. Meanwhile, in January 2022, Santander launched its buy now pay later offering Zinia in the Netherlands. The solution enables users to purchase products online and in-store via interest-free installments.

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