Finland Cards and Payments – Opportunities and Risks to 2023

GlobalData’s 'Finland Cards and Payments – Opportunities and Risks to 2023' report provides detailed analysis of market trends in the Finland’s cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, cash, credit transfers, and cheques during the review-period (2015-19e).

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 (2019e-23f). 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 Finland's cards and payments industry, including –

– Current and forecast values for each market in the Finland’s cards and payments industry, including debit and credit cards.

– Detailed insights into payment instruments including cards, cash, credit transfers, and cheques. 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 Finland’s cards and payments industry.

– Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

– The Finnish government is taking initiatives to curb high interest rates on unsecured credit in the country. Consequently, the Finnish Parliament introduced a cap on interest rates charged on unsecured credit (including credit cards) at 20% per annum in September 2019. While this move is likely to encourage consumer spending, and reduce their debt obligations, card issuers are likely to cut down on credit card reward benefits, with an increase to the annual or monthly fee to compensate for the income loss.

– QR code-based payments are gradually making their way into the Finnish payments landscape. For instance, in June 2019, Pivo, a mobile wallet offered by OP Bank with five other mobile wallets, collaborated with the Chinese payment solution provider, Alipay, to introduce QR code payments in Finland, enabling Chinese travelers to make payments.

– Contactless payments are growing at a rapid pace in Finland, which is one of the reasons for an increase in the card payment market. To increase popularity of contactless payments, the maximum limit of contactless payments without a PIN was increased from €25 ($28.6) to €50 ($57.3) in April 2019.

Reasons to buy

– Make strategic business decisions, using top-level historic and forecast market data, related to the Finland’s cards and payments industry and each market within it.

– Understand the key market trends and growth opportunities in the Finland’s cards and payments industry.

– Assess the competitive dynamics in the Finland’s cards and payments industry.

– Gain insights into marketing strategies used for various card types in Finland.

– Gain insights into key regulations governing the Finland’s cards and payments industry.

Companies mentioned

Bank of Finland

Nordea Bank

OP Bank

Danske Bank

Aktia Bank

Visa

Mastercard

Apple Pay

Google Pay

PayPal

Masterpass

MobilePay

Table of Contents

Table of Contents

Card-based Payments

E-commerce Payments

Alternative Payments

Payment Innovations

Payments Infrastructure & Regulation

Appendix

    Pricing

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