Emerging Trends Of The Cards and Payments Industry in Norway 2020
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Summary • Detailed insights into payment instruments including credit transfers, direct debits, cash transactions, checks and payment cards. It also, includes an overview of the country's key alternative payment instruments. • E-commerce market analysis and payment types. • Analysis of various market drivers and regulations governing the Norwegian cards and payments industry. • Detailed analysis of strategies adopted by banks and other institutions to market debit and pay later cards.
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Reasons to Buy
• Understand the key market trends and growth opportunities in the Norwegian cards and payments industry. • Assess the competitive dynamics in the Norwegian cards and payments industry. • Gain insights into marketing strategies used for various card types in Norway. • Gain insights into key regulations governing the Norwegian cards and payments industry.
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Key Highlights • The uptake of alternative payments among Norwegian consumers is gaining traction due to the emergence of a number of payment options. Seqr was launched in January 2013, and was followed by MeaWallet in October 2014. In October 2015, SpareBank 1 acquired mCash. At the time of its acquisition, mCash had 100,000 users and 600 stores accepting the mCash service. To increase the uptake of its mobile payments, Danske Bank launched MobilePay in September 2015. • To minimize cash handling costs, banks in Norway are slowly adapting their branches into cashless locations. In 2014, 64 branches of DNB Bank were made cashless. Similarly, Nordea Bank stopped cash handling services at all of its branches in October 2015. This initiative is anticipated to accelerate the shift towards electronic payments. Contact: debora@reportstack.com Reportstack Market Research
Companies Mentioned
BankAxept DNB Bank Nordea Bank Norge Danske Bank Handelsbanken SpareBank 1 SEB EnterCard Santander Eika Elavon Swedbank Bambora MasterCard Visa Diners Club American Express
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Contact : Debora White Email: debora@reportstack.com Ph:+1-888-789-6604 http://www.reportstack.com
Contact: debora@reportstack.com Reportstack Market Research