The Cards and Payments Industry in France: Emerging Trends and Opportunities to 2020 is a new market research publication announced by Reportstack. This report provides top-level market analysis, information and insights into France's cards and payments industry, including:Current and forecast values for each market in France's cards and payments industry, including debit card, credit and charge cards. It also includes detailed analysis of the prepaid card market.Detailed insights into payment instruments including credit transfers, cash transactions, checks, direct debits and payment cards. It also, includes an overview of the country's key alternative payment instruments.E-commerce market analysis and online payment types.Analysis of various market drivers and regulations governing France's cards and payments industry.Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.Comprehensive analysis of consumer attitudes and buying preferences for cards.The competitive landscape of France's cards and payments industry.
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ScopeIt provides current values for France's cards and payments industry for 2015, and forecast figures to 2020.It details the different demographic, economic, infrastructural and business drivers affecting France'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.It profiles major banks in France's cards and payments industry.
• This report provides a comprehensive analysis of France's cards and payments industry.
Reasons to BuyUnderstand the key market trends and growth opportunities in France's cards and payments industry.Assess the competitive dynamics in France's cards and payments industry.Gain insights into marketing strategies used for various card types in France.Gain insights into key regulations governing France's cards and payments industry.
• Make strategic business decisions, using top-level historic and forecast market data, related to France's cards and payments industry and each market within it.
Key HighlightsDespite the availability of secure online payment solutions Verified by Visa and MasterCard Secure Code, online card fraud grew during the review period (2011–2015). Card-not-present fraud accounted for 66.0%, the highest share of the total fraud registered in 2015. To curb this, banks in France are experimenting with new a technology called ‘motion code’ solution, under which the three-digit security (CVV) code on the back of the card is replaced with a mini-screen which displays a code that changes automatically at regular intervals. The project was undertaken by BPCE and BNP Paribas in partnership with Oberthur Technologies, and is presently under pilot. The two banks are planning to roll out the solution over the course of 2016. This additional security is anticipated to reduce the probability of cards being used for fraudulent transactions online.
• The French payment cards market has seen the uptake of contactless technology. According to the French Association of Contactless Mobile (AFSCM), the number of contactless transactions increased rapidly to reach 40.0 million in March 2016 – an increase of 17.3% over February 2016. The contactless card payments registered a staggering year-on-year growth of 171% in March 2016. In this regard, banks and telecom operators are launching contactless mobile payment (m-payment) services. One of the latest of these is the Crédit Mutuel-CIC app introduced by Crédit Mutuel in partnership with the m-payment solution provider Airtag in November 2015. Similarly, BNP Paribas expanded its KIX contactless payments service in April 2014, allowing its customers to make contactless payments for purchases of up to US$333.2 (EUR300) with a monthly ceiling of US$1,666.1 (EUR1,500). However, users must enter their PIN for payments over US$22.2 (EUR20). These moves are anticipated to further increase contactless transactions in France.
BPCE Group BNP Paribas Crédit Agricole Credit Mutuel-CIC Group La Banque Postale Cartes Bancaires American Express Visa MasterCard
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