France is the worlds most visited country and the third-largest in terms of income generated from tourism, according to Central Intelligence Agency (CIA), with around 80 million foreign tourists visit France on an annual basis. The economy underwent a slowdown in 20082009, with a prolonged impact on the overall financial services industry.
The economy showed signs of recovery and emerged from the slowdown to record GDP growth of 0.15% in 2013. Forecast-period economic growth is expected to result in more investments in the cards and payments industry.
In terms of number of cards in circulation, the card payments channel as a whole grew at a compound annual growth rate (CAGR) of 3.20% during the review period (20092013), primarily driven by the prepaid and debit card categories. The credit and charge card categories registered a decline during the review period. The slow growth was primarily the result of the financial and European debt crises.
During the review period, prepaid cards registered the highest growth, at a CAGR of 6.84% and debit cards posted a CAGR of 5.95%. The industry is expected to post a forecast-period (20142018) CAGR of 3.83%, driven primarily by the debit cards category which is expected to post a CAGR of 5.13%. The prepaid cards category is projected to post a forecast-period CAGR of 3.99%, while credit cards are expected to register a CAGR of -1.21%. The charge cards category declined at a review-period CAGR of -5.85% and is expected to register a forecast-period CAGR of 2.71%.
Browse More Reports related to Banking at: http://www.researchmoz.us/banking-market-reports-159.html
Reasons To Buy:-
- Make strategic business decisions using top-level historic and forecast market data related to Frances cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities within Frances cards and payments industry.
- Assess the competitive dynamics in Frances cards and payments industry.
- Gain insights in to the marketing strategies used for selling various card types in France.
- Gain insights into key regulations governing Frances cards and payments industry.
ResearchMoz ( http://www.researchmoz.us/ ) is the one stop online destination to find and buy market research reports. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. We provide the market context, competitor insight and future trends needed for strategic planning.
For More Information Kindly Contact:
Toll Free: 866-997-4948