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Contactless, Mobile, Online and Prepaid in the UK
Datamonitor, June 2010, Pages: 58
With alternatives to cash payments finally beginning to gain traction amongst consumers, the UK market is poised for rapid developments in the contactless, mobile, online and prepaid card spaces. This report provides a snapshot of how these emerging sectors stand in 2010, including market shares, consumer attitudes, and new product innovations.
Scope
- In-depth analysis of the opportunity in contactless, mobile, online and prepaid payments in the UK.
- Outlines the latest developments within these markets, including prepaid market share data and other key product innovations.
- Real world insight into consumer attitudes and behaviour in online payments based on The Financial Services Consumer Insight Survey.
- Highlights the strategies of key market players and examines how these are likely to develop in the future.
Highlights of this title
While contactless payments are gaining a higher profile, actual consumer usage remains very low. As of March 2010 there were 9 million contactless payment cards and 24,500 contactless POS terminals in circulation, however this accounts for less than 6% of all cards, and 2% of POS terminals.
Mobile payments remain in an early stage of development with no key player yet emerging. Mobile network operators however are now beginning to enter the payments space, via prepaid and credit cards, in an attempt to gain an early foothold in the market. Growth in the near term will stem from m-commerce and P2P payments.
Prepaid continues to be a high growth sector in the UK and is now beginning to gain visibility with a mass market audience. Traditionally appealing to non-standard consumers, prepaid corporate incentive and travel cards are likely to prove major avenues for growth in the coming years.
Key reasons to purchase this title
- Learn how the market is taking shape within the contactless, mobile, online and prepaid space, and what this means for your company.
- Analyse the case for where you should be investing and the potential risks and rewards of each of these rapidly evolving markets.
- Understand why these developments are so critical to the future of payments, and avoid being left behind by the competition.
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