The UK Cards and Payments Industry - New Report Published


Recently published research from Timetric, "The UK Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape", is now available at Fast Market Research


[UKPRwire, Tue Nov 19 2013] In terms of card volume, the UK card payments channel grew at a CAGR of 4.55% during the review period (2008-2012). The largest share of the channel was occupied by the debit card category with 43.8% in 2012, followed by the credit cards category with 27.9%. Over the forecast period, the prepaid cards category is expected to surpass credit cards in terms of card volume to occupy the second-largest share, after debit cards, with 35.5% in 2017. Banks present competitive pricing strategies and offer attractive introductory interest rates to generate new subscriptions. Many banks extend 0% introductory interest rates on purchases and balance transfers for the first few months as well as competitive annual percentage rates (APRs) on credit cards. There was a considerable increase in the prompt payment of credit card bills during the review period which caused a loss in interest income for many banks. Banks are considering charging an annual fee to compensate for such losses.

Full Report Details at
- http://www.fastmr.com/prod/724297_the_uk_cards_and_payments_industry_emerging.aspx?afid=303

Scope

* This report provides a comprehensive analysis of the UK cards and payments industry.
* It provides current values for the UK cards and payments industry for 2012 and forecast figures for 2017.
* It details the different macroeconomic, infrastructural, consumer and business drivers affecting the UK cards and payments industry.
* It outlines the current regulatory framework in the industry.
* It details the marketing strategies used by various bankers and other institutions.
* It profiles the major banks in the UK cards and payments industry.

Reasons to Get this Report

* Make strategic business decisions using historic and forecast market data related to the UK cards and payments industry and each market within it.
* Understand the key market trends and growth opportunities within the UK cards and payments industry.
* Assess the competitive dynamics in the UK cards and payments industry.
* Gain insights into the marketing strategies used for selling various types of cards in the UK.
* Gain insights into key regulations governing the UK cards and payments industry.

About Fast Market Research

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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.

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