"The Cards and Payments Industry in Norway: Emerging Trends and Opportunities to 2020" Published

From: Fast Market Research, Inc.
Published: Tue Jul 19 2016


Timetric's 'The Cards and Payments Industry in Norway: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Norwegian cards and payments industry, including:

* Current and forecast values for each market in the Norwegian cards and payments industry, including debit and pay later cards.
* 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.
* Comprehensive analysis of consumer attitudes and buying preferences for cards.
* The competitive landscape in the Norwegian cards and payments industry.

Full Report Details at
- http://www.fastmr.com/prod/1198573_the_cards_payments_industry.aspx?afid=301

Report Highlights

* Contactless technology in Norway is very much in a developmental stage, with only DNB Bank, Danske Bank and Handelsbanken offering contactless cards. To increase uptake, banks are attempting to differentiate their products by introducing new features. In 2016, Danske Bank rolled out its MasterCard-branded contactless cards featuring integrated fingerprint sensors in association with the Norway-based fingerprint authentication technology provider Zwipe. It is the world's first fingerprint-activated contactless card, combining biometric authentication with contactless technology. In June 2016, the domestic debit network BankAxept partnered with the Canadian debit network Interac to accelerate the rollout of near field communication (NFC) mobile payment solutions.
* 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. The bank partnered with 100 retail outlets in Norway in October 2015. In 2016, it partnered with Rema 1000 - a supermarket chain - allowing users to use service stores in Norway.
* 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.

Report Scope

* This report provides a comprehensive analysis of the Norwegian cards and payments industry.

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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)

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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