Emerging Opportunities In France's Cards And Payments Industry: Market Size, Trends And Drivers, Strategies, Products And Competitive Landscape: New Research Report Available At Fast Market Research

New Financial Services market report from Timetric: "Emerging Opportunities in France's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape"

by Bill Thompson

(WireNews+Co) - Boston, MA - 25 February 2013

France has the fifth-largest economy in the world by nominal figures and is the ninth largest by purchase power parity. It also has the second-largest economy in Europe by nominal figures. With at least 75 million foreign tourists per year, France is also the most visited country and maintains the third-largest income in the world from tourism.

The cards industry as a whole grew marginally at a CAGR of 0.06% during the review period, primarily driven by the prepaid and debit card categories. The slow growth in the cards industry was mainly due to global economic crises as well as the Eurozone debt crises that impacted the growth of major industries across Europe. During the review period, prepaid cards occupied the largest share in the overall cards and payments industry and recorded a CAGR of 23.43%. Debit cards grew at a CAGR of 0.47% in the same period.

The overall card industry is expected to grow at a CAGR of 1.72% over the forecast period, driven primarily by the prepaid cards category, which is expected to grow at a CAGR of 12.67%. The credit cards category is also expected to grow, with a CAGR of 1.16% during the forecast period, while debit cards are expected to exhibit positive growth at a CAGR of 0.92%. The charge cards segment is expected to grow at a CAGR of 0.75% over the forecast period.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/540942_emerging_opportunities_in_frances_cards_and.aspx?afid=201) (http://www.fastmr.com/prod/540942_emerging_opportunities_in_frances_cards_and.aspx?afid=201)

Key Highlights

- The cards industry as a whole grew marginally at a CAGR of 0.06% during the review period, primarily driven by the prepaid and debit card categories.
- During the review period, prepaid cards occupied the largest share in the overall cards and payments industry and recorded a CAGR of 23.43%. Debit cards grew at a CAGR of 0.47% in the same period.
- The credit cards category is also expected to grow, with a CAGR of 1.16% during the forecast period, while debit cards are expected to exhibit positive growth at a CAGR of 0.92%, followed by charge cards, which are expected to grow at a CAGR of 0.75% over the forecast period.
- As banking customers become more sophisticated, banks need to differentiate their product offerings meaning that card customization will gain more attention. Other services include internet banking or serving niche segments such as students or high-end, affluent customers.
- The growing market for online trade in France is one of the primary factors responsible for the expansion of the country's cards and payments industry. E-commerce sales during the review period increased from EUR20 billion in 2008 to EUR45.2 billion in 2012.

Scope

- This report provides a comprehensive analysis of France's cards and payments industry
- It provides current values for France's cards and payments industry for 2012 and forecast figures for 2017
- It details the different macroeconomic, infrastructural, consumer and business drivers affecting France's cards and payments industry
- It outlines the current regulatory framework in the industry

Companies Mentioned in this Report: BNP Paribas, Credit Agricole, Societe Generale

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