The Cards and Payments Industry in Lithuania: Emerging Trends and Opportunities to 2019

Timetric's 'Cards and Payments Industry in Lithuania: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into the Lithuanian cards and payments industry, including:

* Current and forecast values for each market in the industry, including debit and credit cards.
* Detailed insights into payment instruments, including credit transfers, cash transactions, payment cards, direct debits and checks. It also includes an overview of the country's key alternative payment instruments.
* E-commerce market analysis.
* Analysis of various market drivers and regulations governing Lithuania's cards and payments industry.
* Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
* Comprehensive analysis of consumer attitudes and buying preferences for cards.
* The competitive landscape of the Lithuanian cards and payments industry.

Report Highlights

Full Report Details at
- http://www.fastmr.com/prod/1152273_the_cards_payments_industry.aspx?afid=301

* Lithuania became an EU member on January 1, 2015. Its accession means Lithuania is required to adopt the Single Euro Payments Area (SEPA) framework, and other regulations that apply to all member states, such as the capping of interchange fees for credit and debit cards at 0.3% and 0.2% respectively. SEPA requirements came into effect in Lithuania from January 2016, which is anticipated to have a major impact on profitability in Lithuania's payment cards market over the forecast period (2015-2019). With interchange fee revenues reduced, issuers are likely to cut card offerings and consumer benefits, and look at new ways to generate revenue.
* To protect consumers from financial burden, Lietuvos Bankas, the central bank of Lithuania, amended the responsible lending regulations (RLR) in November 2015. According to the new guidelines, the maximum monthly credit repayment amount cannot be more than 40% of the borrower's monthly income, and the maximum maturity of credit cannot exceed 30 years. The regulation was introduced following a survey conducted by the central bank of Lithuania in January 2016, according to which 75% of families with an income below US$388.8 (EUR350) were indebted to credit issuers, and 71.8% of indebted families were unable to save in the last half-quarter of 2015. The RLR regulation requires card issuers to assess borrowers' credit repayment capabilities before issuing credit cards. These responsible lending practices are expected to positively affect the credit card market over the forecast period.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- The Cards and Payments Industry in Germany: Emerging Trends and Opportunities to 2019
- The Cards and Payments Industry in the UK: Emerging Trends and Opportunities to 2019
- The Cards and Payments Industry in Australia: Emerging Trends and Opportunities to 2019
- The Cards and Payments Industry in Canada: Emerging Trends and Opportunities to 2019
- The Cards and Payments Industry in Turkey: Emerging Trends and Opportunities to 2019