The Cards and Payments Industry in Slovenia: Emerging trends and opportunities to 2020

  • ID: 3753455
  • Report
  • Region: Slovenia
  • 53 pages
  • GlobalData
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FEATURED COMPANIES

  • Abanka Vipa
  • American Express
  • Diners Club
  • Intesa Sanpaolo Bank
  • Karanta
  • Mastercard
  • MORE
The Cards and Payments Industry in Slovenia: Emerging trends and opportunities to 2020

Summary

Cash remains the predominant payment instrument, accounting for 54.4% of overall transaction volume in 2016. However, with banks and the government strongly focusing on financial inclusion, the payment card market is gradually gaining prominence in the country. Payment cards accounted for 18.9% of overall cards and payments transaction volume in 2016 - up from 15.9% in 2012.

Financial inclusion remains a priority for the Slovenian government, which plays a key role in promoting financial literacy in the country. The Ministry of Education, Science and Sport provides financial education for primary school children, through which it educates students about income, expenditure, different forms of money, and their functionalities. The Bank Association of Slovenia - a body comprising major banks and leasing companies in the country - constantly works towards creating consumer awareness of financial services by organizing workshops and seminars.

High banking penetration and rising competition among Slovenian banks is posing a challenge for banks in terms of customer retention. To retain existing customers and attract new ones, banks are focusing on providing improved service, attractive reward programs, and financial incentives. Traditionally banks have offered current accounts with basic features such as a cheque book and debit card. However, current accounts are now evolving into a multi-purpose package offering a number of other financial benefits. As the combined cost of obtaining these services individually is often higher, many customers opt for bundles, enabling banks to cross-sell products and increase transaction volumes.

Contactless payments are expected to gain traction in Slovenia. NLB became the first bank in the country to offer contactless payments in November 2014. NLB’s Mastercard contactless card also offers installment facilities, and can be used to make payments at more than 7,475 terminals in Slovenia. Most recently, in March 2016 the bank partnered with prepaid card solutions provider Prepaid Financial Services to launch a prepaid contactless program offering a contactless prepaid Mastercard card and mobile sticker.

The report "The Cards and Payments Industry in Slovenia: Emerging trends and opportunities to 2020" provides top-level market analysis, information and insights into the Slovenian cards and payments industry.

In particular, this report enables the following analysis:
  • Current and forecast values for each market in the Slovenian cards and payments industry, including debit, credit and charge cards.
  • Detailed insights into payment instruments including credit transfers, cash, direct debit, payment cards and cheques. It also, includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis.
  • Analysis of various market drivers and regulations governing the Slovenian cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
Companies mentioned in this report: NLB, Nova KBM, Intesa Sanpaolo Bank, SKB, Abanka Vipa, Visa, Mastercard, Karanta, American Express, Diners Club.

Scope
  • Contactless payments are slowly gaining traction in Slovenia, as banks are increasingly offering contactless payment options to consumers. Most recently, in March 2016 NLB partnered with prepaid card solutions provider Prepaid Financial Services to launch a contactless prepaid Mastercard card and mobile sticker. NLB was the first bank in Slovenia to offer contactless payments, launching the technology in November 2014. Nova KBM started offering Visa and Mastercard contactless payment cards to its customers from February 2015. These cards can be used to make contactless payments without entering a PIN if the transaction is less than $15.78 (€15).
  • Contactless payments are also entering the country’s transport sector. For instance, the Urbana mobile app was launched in April 2016, and can be used to top up the Urbana card - a prepaid card for electronic ticketing. The app can also be used to make contactless payments for Ljubljanski potniski promet (LPP) bus rides and check bus schedules, the card’s balance, and its validity. The app is available to customers of all mobile operators and works on Android mobile phones with NFC connectivity. City bus operator LPP offers the Urbana card at LPP ticket offices and Ljubljana bus station. The card can be used for an unlimited number of rides on all city bus routes, and also as a membership card for the Ljubljana City Library.
  • International scheme providers such as Visa and Mastercard dominate the country’s payment card market. In a bid to benefit from the lucrativeness of the market, Chinese scheme provider UnionPay International signed an agreement with Intesa Sanpaolo Bank in January 2016. The agreement allows Chinese tourists visiting Slovenia to withdraw cash from ATMs in the country using UnionPay cards. The agreement also allows consumers to use UnionPay cards at local merchants, particularly shopping malls and supermarkets.
Reasons to buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the Slovenian cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Slovenian cards and payments industry.
  • Assess the competitive dynamics in the Slovenian cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Slovenia.
  • Gain insights into key regulations governing the Slovenian cards and payments industry.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abanka Vipa
  • American Express
  • Diners Club
  • Intesa Sanpaolo Bank
  • Karanta
  • Mastercard
  • MORE
1. EXECUTIVE SUMMARY
1.1. Market overview
1.2. Key facts
1.3. Top five industry events
2. PAYMENT INSTRUMENTS
2.1. Current payment environment
3. E-COMMERCE AND ALTERNATIVE PAYMENTS
3.1. E-commerce market analysis
3.2. Alternative payment solutions
3.2.1. PayPal
3.2.2. Intesa Sanpaolo Bank - QL and Wave2Pay
3.2.3. Skrill Digital Wallet
3.2.4. Moneta
3.2.5. Fondy
4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY
4.1. Regulatory framework
4.1.1. SEPA cards framework
4.2. Anti-money laundering
4.3. Foreign direct investment (FDI) regulations
5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS
6. PAYMENT CARDS
7. DEBIT CARDS
7.1. Debit card market analysis
7.2. Competition in the debit card market
7.3. Debit card comparison
8. PAY-LATER CARDS
8.1. Pay-later card market analysis
8.2. Competition in the pay-later card market
8.3. Pay-later card comparison
9. PREPAID CARDS
11. APPENDIX
11.1. Abbreviations and acronyms
11.2. Supplementary data
11.3. Definitions
11.4. Methodology
11.5. Bibliography
11.6. Further reading

List of Tables
Table 1: Slovenia: key facts, 2016
Table 2: Slovenia: regional benchmarking of payment cards, 2016
Table 3: Slovenia: mode of entry of foreign banks
Table 4: Slovenia: debit card comparison and key features, 2016
Table 5: Slovenia: gold credit card comparison and key features, 2016
Table 6: Slovenia: payment instrument transaction values (€m), 2012-16e
Table 7: Slovenia: payment instrument transaction values ($m), 2012-16e
Table 8: Slovenia: payment instrument transaction volumes (millions), 2012-16e
Table 9: Slovenia: payment cards in circulation by type (000s), 2012-20f
Table 10: Slovenia: volume of payment card transactions (millions), 2012-20f
Table 11: Slovenia: value of payment card transactions (€bn), 2012-20f
Table 12: Slovenia: value of payment card transactions ($bn), 2012-20f
Table 13: Slovenia: debit cards in circulation (millions), 2012-20f
Table 14: Slovenia: debit card transaction volumes, 2012-20f
Table 15: Slovenia: debit card transaction values (€), 2012-20f
Table 16: Slovenia: debit card transaction values ($), 2012-20f
Table 17: Slovenia: debit cards in circulation by scheme (000s), 2012-16e
Table 18: Slovenia: debit card transaction values by scheme (€m), 2012-16e
Table 19: Slovenia: debit card transaction values by scheme ($m), 2012-16e
Table 20: Slovenia: debit card transaction values by issuer (€m), 2012-16e
Table 21: Slovenia: debit card transaction values by issuer ($m), 2012-16e
Table 22: Slovenia: pay-later cards in circulation (000s), 2012-20f
Table 23: Slovenia: pay-later card transaction volumes, 2012-20f
Table 24: Slovenia: pay-later card transaction values (€), 2012-20f
Table 25: Slovenia: pay-later card transaction values ($), 2012-20f
Table 26: Slovenia: pay-later cards in circulation by scheme (000s), 2012-16e
Table 27: Slovenia: pay-later card transaction values by scheme (€m), 2012-16e
Table 28: Slovenia: pay-later card transaction values by scheme ($m), 2012-16e
Table 29: Slovenia: pay-later card transaction values by issuer (€m), 2012-16e
Table 30: Slovenia: pay-later card transaction values by issuer ($m), 2012-16e
Table 31: Slovenia: credit cards in circulation (000s), 2012-20f
Table 32: Slovenia: credit card transaction volumes, 2012-20f
Table 33: Slovenia: credit card transaction values (€), 2012-20f
Table 34: Slovenia: credit card transaction values ($), 2012-20f
Table 35: Slovenia: credit cards in circulation by scheme (000s), 2012-16e
Table 36: Slovenia: credit card transaction values by scheme (€m), 2012-16e
Table 37: Slovenia: credit card transaction values by scheme ($m), 2012-16e
Table 38: Slovenia: charge cards in circulation (000s), 2012-20f
Table 39: Slovenia: charge card transaction volumes, 2012-20f
Table 40: Slovenia: charge card transaction values (€), 2012-20f
Table 41: Slovenia: charge card transaction values ($), 2012-20f
Table 42: Slovenia: charge cards in circulation by scheme (000s), 2012-16e
Table 43: Slovenia: charge card transaction values by scheme (€m), 2012-16e
Table 44: Slovenia: charge card transaction values by scheme ($m), 2012-16e
Table 45: Slovenia: prepaid cards in circulation (000s), 2012-20f
Table 46: Slovenia: prepaid card transaction values (€m), 2012-20f
Table 47: Slovenia: prepaid card transaction values ($m), 2012-20f
Table 48: Key definitions

List of Figures
Figure 1: Slovenia: payment instrument shares by transaction value (%), 2012 vs 2016
Figure 2: Slovenia: payment instrument shares by transaction volume (%), 2012 vs 2016
Figure 3: Slovenia: e-commerce market value, 2012-20f
Figure 4: Slovenia: population and economic indicators
Figure 5: Slovenia: ATMs, POS terminals and household consumption
Figure 6: Slovenia: payment card transaction value and cards in circulation, 2012-20f
Figure 7: Slovenia: debit card penetration and turnover per card
Figure 8: Slovenia: debit card scheme and issuer transaction value shares, 2016
Figure 9: Slovenia: pay-later card penetration and turnover per card
Figure 10: Slovenia: pay-later card scheme and issuer transaction value shares, 2016
Figure 11: Slovenia: prepaid cards in circulation (000s) and transaction value ($m), 2012-20f
Note: Product cover images may vary from those shown
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  • NLB
  • Nova KBM
  • Intesa Sanpaolo Bank
  • SKB
  • Abanka Vipa
  • Visa
  • Mastercard
  • Karanta
  • American Express
  • Diners Club
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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