Ireland, 2019: Payments Landscape Opportunities & Risks to 2022 - Values & Volumes for Cash, Cards, Credit Transfers, Direct Debits, and Cheques - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 22, 2019--The “Payments Landscape in Ireland: Opportunities and Risks to 2022” report has been added to ResearchAndMarkets.com’s offering.
This report provides top-level market analysis, information and insights into the Irish cards and payments industry, including:
Payments Landscape in Ireland: Opportunities and Risks to 2022 provides detailed analysis of market trends in the Irish 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 (2014-18e).
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 (2018e-22f). 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.
Irish consumer uptake of alternative payments is gaining traction with the launch of new payment solutions including Apple Pay, Google Pay, and Seqr. Apple Pay was launched in Ireland in March 2017. The mobile payment solution enables users to conduct in-store, in-app, and online payments; it is supported by Allied Irish Banks (AIB), boon, KBC (Mastercard credit and debit cards), N26, and Ulster Bank. In July 2016, Sweden-based company Seamless launched its mobile payment solution Seqr. This was followed by the launch of Google Pay in December 2016.
In addition to traditional banks, digital banks are also offering banking products including current accounts and debit cards. Germany-based mobile-only bank N26 offers free bank accounts for both individual and business customers, along with a debit card. Revolut also offers free accounts in Ireland, while UK-based, mobile-only Starling Bank plans to enter the Irish market and offer low-cost digital current accounts to consumers.
To capitalize on the growing popularity of digital banking, in September 2017 KBC Bank introduced a mobile app that enables individuals to open bank accounts within five minutes. Customers also receive an instant digital debit card and 5 ($6) credit in their account - and in August 2018, AIB upgraded its mobile banking app to enable individuals to instantly open a digital personal current account. Once registration is complete, customers are offered a digital debit card for immediate use.
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Related Topics:Bank Cards
KEYWORD: EUROPE IRELAND
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 02/22/2019 11:14 AM/DISC: 02/22/2019 11:14 AM