The Cards and Payments Industry in Luxembourg: Emerging Trends and Opportunities to 2020

GlobalData’s 'The Cards and Payments Industry in Luxembourg: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in Luxembourg's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, cash transactions and payment cards during the review period (2011–2015).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, as well as transaction values and volumes during the review period and over the forecast period (2016–2020). 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.

Scope

• This report provides a comprehensive analysis of Luxembourg's cards and payments industry.

• It provides current values for Luxembourg's cards and payments industry for 2015 and forecast figures to 2020.

• It details the different demographic, economic, infrastructural and business drivers affecting Luxembourg's cards and payments industry.

• It outlines the current regulatory framework in the industry.

• It details marketing strategies used by various banks and other institutions.

Key Highlights

• The uptake of alternative payments among consumers in Luxembourg is gradually increasing due to growing availability. Digicash, a mobile payment (m-payment) solution, was introduced in 2012, and expanded in 2015 to offer a person-to-person (P2P) payment service. In April 2016, global payment solution provider PayPal expanded its P2P payment service, Xoom, to Luxembourg. While in July 2016, the Swedish m-payment mobile application, Seqr, was introduced as a competitor. The increased choice for consumers is likely to intensify competition in Luxembourg’s alternative payments market.

• Contactless technology is gaining traction in Luxembourg, with banks and payment companies introducing new solutions to gain market share. Retailers are installing contactless POS terminals to benefit from this trend; according to Visa Europe, there were 7,000 POS terminals with contactless functionality in Luxembourg as of September 2016. All major banks are now offering contactless payment cards.

• To adhere to the Single Euro Payment Area (SEPA) regulations, banks in Luxembourg abandoned the Bancomat debit card scheme at the end of 2011, and all debit cards were replaced by V PAY debit cards from 2012.

Reasons to buy

• Make strategic business decisions using top-level historic and forecast market data, related to Luxembourg's cards and payments industry and each market within it.

• Understand the key market trends and growth opportunities in Luxembourg's cards and payments industry.

• Assess the competitive dynamics in Luxembourg's cards and payments industry.

• Gain insights into marketing strategies used for various card types in Luxembourg.

• Gain insights into key regulations governing Luxembourg's cards and payments industry.

Companies mentioned

BCEE

BGL BNP Paribas

BIL

BL

Visa

MasterCard

Table of Contents

1 DEFINITIONS AND METHODOLOGY

1.1 Definitions

1.2 Methodology

2 KEY FACTS AND HIGHLIGHTS

3 EXECUTIVE SUMMARY

4 PAYMENT INSTRUMENTS

5 E-COMMERCE AND ALTERNATIVE PAYMENTS

5.1 E-Commerce Market and Payment Methods

5.2 Alternative Payment Solutions

5.2.1 Digicash

5.2.2 Cashcloud wallet

5.2.3 Yapital

5.2.4 PayPal

5.2.5 Seqr

5.2.6 Paysafecard

6 REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY

6.1 Regulatory Framework

6.1.1 SEPA cards framework

6.2 Anti-Money Laundering (AML)

6.3 Foreign Direct Investment (FDI) Regulations

7 ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS

8 PAYMENT CARDS

9 DEBIT CARDS

9.1 Debit Cards Market Analysis

9.2 Debit Card Scheme and Issuer Shares

9.3 Debit Cards Comparison

10 PAY LATER CARDS

10.1 Pay Later Cards Market Analysis

10.2 Pay Later Cards Scheme and Issuer Shares

10.3 Pay Later Cards Comparison

11 APPENDIX

11.1 Tables

11.2 Contact GlobalData

11.3 About GlobalData

11.4 GlobalData’s Services

11.5 Disclaimer

List of Tables

Table 1: Key Definitions

Table 2: Annual Average Exchange Rate

Table 3: Luxembourg – Key Facts, 2015

Table 4: Regional Benchmarking of Luxembourg’s Payment Cards, 2015

Table 5: Luxembourg – Mode of Entry of Foreign Banks

Table 6: Luxembourg – Debit Cards Comparison and Key Features, 2016

Table 7: Luxembourg – Gold Credit Cards Comparison and Key Features, 2016

Table 8: Luxembourg – Premium Credit Cards Comparison and Key Features, 2016

Table 9: Luxembourg – Payment Instrument Transaction Values (EUR Billion), 2011–2015

Table 10: Luxembourg – Payment Instrument Transaction Values (US$ Billion), 2011–2015

Table 11: Luxembourg – Payment Instrument Transaction Volumes (Million), 2011–2015

Table 12: Luxembourg – Number of Payment Cards in Circulation by Type (Thousand), 2011–2020

Table 13: Luxembourg – Volume of Payment Card Transactions by Type (Million), 2011–2020

Table 14: Luxembourg – Value of Payment Card Transactions by Type (EUR Billion), 2011–2020

Table 15: Luxembourg – Value of Payment Card Transactions by Type (US$ Billion), 2011–2020

Table 16: Luxembourg – Number of Debit Cards in Circulation (Thousand), 2011–2020

Table 17: Luxembourg – Debit Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 18: Luxembourg – Debit Card Total and Average Transaction Values by Channel, 2011–2020

Table 19: Luxembourg – Debit Card Total and Average Transaction Values by Channel, 2011–2020

Table 20: Luxembourg – Number of Debit Cards in Circulation by Scheme (Thousand), 2011–2015

Table 21: Luxembourg – Debit Card Transaction Values by Scheme (EUR Billion), 2011–2015

Table 22: Luxembourg – Debit Card Transaction Values by Scheme (US$ Billion), 2011–2015

Table 23: Luxembourg – Debit Card Transaction Values by Issuer (EUR Million), 2011–2015

Table 24: Luxembourg – Debit Card Transaction Values by Issuer (US$ Million), 2011–2015

Table 25: Luxembourg – Number of Pay Later Cards in Circulation (Thousand), 2011–2020

Table 26: Luxembourg – Pay Later Card Transaction Volumes and Frequency by Channel, 2011–2020

Table 27: Luxembourg – Pay Later Card Total and Average Transaction Values by Channel, 2011–2020

Table 28: Luxembourg – Pay Later Card Total and Average Transaction Values by Channel, 2011–2020

Table 29: Luxembourg – Number of Pay Later Cards in Circulation by Scheme (Thousand), 2011–2015

Table 30: Luxembourg – Pay Later Card Transaction Values by Scheme (EUR Billion), 2011–2015

Table 31: Luxembourg – Pay Later Card Transaction Values by Scheme (US$ Billion), 2011–2015

Table 32: Luxembourg – Pay Later Card Transaction Values by Issuer (EUR Billion), 2011–2015

Table 33: Luxembourg – Pay Later Card Transaction Values by Issuer (US$ Billion), 2011–2015

Table 34: Luxembourg – Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011–2020

Table 35: Luxembourg – Personal and Commercial Pay Later Card Transaction Values (EUR Billion), 2011–2020

Table 36: Luxembourg – Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011–2020

Table 37: Luxembourg – Number of Commercial Pay Later Cards in Circulation (Thousand), 2011–2020

Table 38: Luxembourg – Commercial Pay Later Card Transaction Volumes (Million), 2011–2020

Table 39: Luxembourg – Commercial Pay Later Card Transaction Values (EUR Million), 2011–2020

Table 40: Luxembourg – Commercial Pay Later Card Transaction Values (US$ Million), 2011–2020

List of Figures

Figure 1: Luxembourg – Payment Instrument Shares by Transaction Value (%), 2011 vs 2015

Figure 2: Luxembourg – Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015

Figure 3: Luxembourg – E-Commerce Value, 2011–2020

Figure 4: Luxembourg – Population

Figure 5: Luxembourg – Economic Indicators

Figure 6: Luxembourg – ATMs and POS Terminals

Figure 7: Luxembourg – Household Consumption

Figure 8: Luxembourg – Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 2011–2020

Figure 9: Luxembourg – Debit Card Penetration and Turnover Per Card

Figure 10: Luxembourg – Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015

Figure 11: Luxembourg – Pay Later Cards Penetration and Turnover Per Card

Figure 12: Luxembourg – Pay Later Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015

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