Luxembourg Cards and Payments - Opportunities and Risks to 2025

The publisher's ‘Luxembourg Cards and Payments - Opportunities and Risks to 2025' report provides detailed analysis of market trends in Luxembourg's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, cash, direct debits, and cheques during the review-period (2017-21e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2021e-25f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together the publisher's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

The report provide top-level market analysis, information, and insights into Luxembourg's cards and payments industry, including:

• Current and forecast values for each market in Luxembourg's cards and payments industry, including debit, and credit cards.
• Detailed insights into payment instruments including cards, credit transfers, cash, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
• Ecommerce market analysis.
• Analysis of various market drivers and regulations governing Luxembourg'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 Luxembourg's cards and payments industry.

Scope

• In November 2017, Banque centrale du Luxembourg introduced SEPA instant credit transfers in the country. In September 2020, Banque Internationale à Luxembourg (BIL) launched SEPA Instant Credit Transfer services for its customers in Luxembourg, enabling instant fund transfers between bank accounts within 10 seconds. As of April 2021, there are five participants in the SEPA Instant Credit Transfer system in Luxembourg, which is available 24 hours a day, seven days a week, 365 days a year.
• The COVID-19 pandemic has boosted online spending, with wary consumers staying home and using online channels to purchase goods. In March 2020, the government introduced online grocery sales platform corona.letzshop.lu, an extension to the national ecommerce platform. To benefit from the growing ecommerce market, telecom operator Orange launched its ecommerce website in Luxembourg in December 2021.
• The advent of digital-only banks in Luxembourg is likely to further accelerate the shift towards electronic payments. In January 2022, UK-based digital-only bank Revolut launched in the country. It offers Standard, Plus, Premium, and Metal accounts, which include a debit card. Similarly, Germany-based digital-only bank N26 launched in Luxembourg in December 2016, enabling users to open an account digitally and receive a Mastercard-branded debit card. In June 2020, N26 launched Business Metal - a premium account for businesses.

Reasons to Buy

• Make strategic business decisions, using top-level historic and forecast market data, related to Luxembourg's cards and payments industry and each market within it.
• Understand the key market trends and growth opportunities in Luxembourg's cards and payments industry.
• Assess the competitive dynamics in the Luxembourg's cards and payments industry.
• Gain insights into marketing strategies used for various card types in Luxembourg.
• Gain insights into key regulations governing Luxembourg's cards and payments industry.