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MarketResearchReports.com: Germany's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape, New Report Launched

Market Research Reports, Inc. has announced the addition of “Germany’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” research report to their offering.

 
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Lewes, DE -- (SBWIRE) -- 12/27/2013 -- Market Research Reports, Inc. has announced the addition of “Germany’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” research report to their offering.

Despite economic slowdown, the German card payments industry registered growth during the review period (2008–2012). The card payments channel recorded a review-period compound annual growth rate (CAGR) of 3.56%, to reach 247.6 million cards in circulation in 2012 and a value of EUR519.8 billion (US$668.2 billion). Changing lifestyle demographics, an increase in the popularity of online shopping and a rise in disposable income per capita supported the growth of the volume of cards in circulation.

For more information visit: http://www.marketresearchreports.com/timetric/germany%E2%80%99s-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategies

Key initiatives are being taken by the Central Bank of Germany (Deutsche Bundesbank) to facilitate cashless transactions, including the adoption of the secure single euro payments area (SEPA) system, the implementation of Europay, MasterCard and Visa (EMV) technology and development of e-payment systems. The introduction of SEPA systems across Europe will harmonize all European retail payment systems. Germany plans to completely migrate to EMV technology by February 1, 2016. EMV-based cards and point of sale (POS) terminals will facilitate the expansion of the contactless payment system and NFC technology in the retail sector. Der Deutsche Sparkassen- und Giroverband (DSGV or the German Saving Bank Association) is enabling contactless technology across all bank savings cards in 2014. Additionally, Visa Europe launched its payWave enabled credit and debit cards alongside six German banks to provide a contactless payment service in 2012. Another important development in the German contactless payment system was the launch of the Touch & Travel mobile ticketing service by Deutsche Bahn in 2011. The service allows users to touch in and out at stations via ‘Touchpoints’, through the use of a near field communication (NFC) enable card or via a 2D barcode on a smartphone.

The report provides top-level market analysis, information and insights on Germany’s cards and payments industry, including:
- Current and forecast values for each category of Germany’s cards and payments industry including debit cards, credit cards, prepaid cards and charge cards.
- Comprehensive analysis of the industry’s market attractiveness and future growth areas.
- Analysis of various market drivers and regulations governing Germany’s cards and payments industry.
- Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by various bankers and other institutions in the market.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- Competitive landscape of Germany’s cards and payments industry.

Find all Banking and Finance reports under a single page at: http://www.marketresearchreports.com/banking-finance

Key Highlights:
- The German cards and payments industry appears lucrative due to the adoption of SEPA and e-SEPA systems, which will motivate consumers to adopt to cashless transactions. The advent of EMV, NFC, mobile payments, mobile wallets and contactless payment systems will fuel industry growth.
- The card payments channel recorded a review-period compound annual growth rate (CAGR) of 3.56%, to reach 247.6 million cards in circulation in 2012 and a value of EUR519.8 billion (US$668.2 billion). Changing lifestyle demographics, an increase in the popularity of online shopping and a rise in disposable income per capita supported the growth of the volume of cards in circulation.
- Key initiatives are being taken by the Central Bank of Germany (Deutsche Bundesbank) to facilitate cashless transactions, including the adoption of the secure single euro payments area (SEPA) system, the implementation of Europay, MasterCard and Visa (EMV) technology and development of e-payment systems. The introduction of SEPA systems across Europe will harmonize all European retail payment systems. Germany plans to completely migrate to EMV technology by February 1, 2016.
- Germany recorded an e-commerce and m-commerce boom during the review period. In comparison with 2011, online retail sales grew by 24.8% in 2012. Consumer card expenditure at online retailers accounted for the highest CAGR of 22.28% in 2012. The implementation of advanced security measures such as the integrity guard, virtual credit cards, virtual keyboards and dynamic passwords increased consumer confidence.

Spanning over 99 pages, 55 tables and 68 figures, “Germany’s Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report provides a comprehensive analysis of Germany’s cards and payments industry.

In addition to covering The Analysis of Industry Environment, Key Trends and Drivers, Cards and Payments Industry Share Analysis, Regulatory Framework and Card Fraud Statistics, Emerging Consumer Attitudes and Trends, Analysis of Card Payments Channel and Growth Prospects, Analysis of Credit Card Payments and Growth Prospects, Analysis of Debit Card Payments and Growth Prospects, Analysis of Charge Card Payments and Growth Prospects, Analysis of Prepaid Card Payments and Growth Prospects, Merchant Acquiring, Company Profiles of Card Issuers, Appendix. The report covering 10 companies- Commerzbank AG, Landesbank Baden-Wuerttemberg, Comdirect Bank, Deutsche Postbank AG, Barclaycard, B+S Card Service, MasterCard, Visa, American Express, ConCardis

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