Netherlands Cards and Payments - Opportunities and Risks to 2028

The analyst's 'Netherlands Cards and Payments: Opportunities and Risks to 2028' report provides detailed analysis of market trends in the Netherlands' 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 (2019-23e).

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 (2024-28). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together the analyst’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.

GlobalData’s 'Netherlands Cards and Payments: Opportunities and Risks to 2028' report provides top-level market analysis, information and insights into the Netherlands' cards and payments industry, including :

• Current and forecast values for each market in the Netherlands' cards and payments industry, including debit, credit, and charge cards.
• Detailed insights into payment instruments including cards, credit transfers, direct debits, cash, 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 the Netherlands' cards and payments industry.
• Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope

• In 2020, European Payments Initiative (EPI), an instant payment scheme, was launched by 16 banks and financial services with the aim of creating a unified payment solution in Europe for consumers and merchants with mobile wallets. EPI finally announced the brand name of this solution, wero, in September 2023. In October 2023, EPI completed the acquisition of Dutch payment scheme iDEAL, which will be rebranded as wero and replace iDEAL from 2025. wero will be available through EPI-member bank apps and as a standalone mobile app. Initially, EPI will support person-to-person and consumer-to-business payments, then online and POS payments. EPI plans to commercially launch wero in mid-2024 in Belgium, France, and Germany, followed by the Netherlands and other European countries.
• Dutch banks are progressively switching from Maestro and V PAY to Mastercard- and Visa-branded debit cards. Since July 2023, Mastercard and Visa have no longer issued Maestro and V PAY cards. According to the Dutch Payments Association, more than 30 million Dutch debit cards bearing Maestro or V PAY branding will be gradually replaced by the end of 2028, and all Dutch payment cards will bear the Visa Debit or Mastercard Debit brand. Meanwhile, consumers with a valid V PAY or Maestro debit card can continue to make payments and withdraw cash anywhere in Europe.
• The growing number of fintech companies and digital-only banks will drive competition in the banking space, thus helping boost debit card holding. In January 2022, Revolut launched its banking services in the country. It offers Standard, Plus, Premium, Metal, and Ultra accounts, as well as a Mastercard debit card in the country. Furthermore, in December 2023, the Dutch Payments Association (DPA) endorsed Revolut as its newest member. This allows Revolut to participate in collective Dutch payment transaction facilities such as the Switching Service, as well as debit card acceptance agreements.

Reasons to Buy

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