The Cards and Payments Industry in Romania: Emerging Trends and Opportunities to 2021

  • ID: 4142867
  • Report
  • Region: Romania
  • 52 pages
  • GlobalData
1 of 4

FEATURED COMPANIES

  • American Express
  • Bancpost
  • BRD
  • Cetelem
  • Diners Club
  • Mastercard
  • MORE
The Cards and Payments Industry in Romania: Emerging Trends and Opportunities to 2021

Summary:

The "The Cards and Payments Industry in Romania: Emerging Trends and Opportunities to 2021" report provides top-level market analysis, information and insights into the Romanian cards and payments industry, including:

- Current and forecast values for each market in the Romanian cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including credit transfers, direct debits, cash transactions, checks and payment cards. 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 Romanian cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- The competitive landscape in the Romanian cards and payments industry.

This report provides detailed analysis of market trends in the Romanian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, check payments, payment cards and cash transactions during the review period (2012-2016).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2017-2021). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together The research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

To reduce society’s dependence on cash and restrict tax evasion, the National Bank of Romania (NBR) introduced a US$1248.2 (RON5,000) per day cap on cash transactions for individuals, and US$2,496.5 (RON10,000) per day cap for companies in March 2015. The limit placed on cash transactions encouraged the use of electronic payments.

Alternative payments are slowly emerging in Romania with banks, PSPs and telecom companies launching new solutions. Vodafone launched its person-to-person (P2P) solution, M-pesa in March 2014. Similarly, Seamless launched Seqr in partnership with Garanti Bank in 2013. To expand its market presence, it partnered with Raiffeisen Bank to provide banks customer with its m-payment solution in June 2016.

The eurozone crisis had a profound effect on the Romanian banking sector, and led to a period of consolidation. In April 2015, Banca Transilvania’s (BT) acquired the Romanian unit of Volksbanken AG. In 2013, UniCredit Tiriac Bank acquired Royal Bank of Scotland Romania’s retail portfolio and Raiffeisen Romania acquired Citibank Romania’s retail portfolio. This is likely to lead to concentration in both the card-issuing and merchant-acquiring businesses.

Scope:

- This report provides a comprehensive analysis of the Romanian cards and payments industry.
- It provides current values for the Romanian cards and payments industry for 2016, and forecast figures to 2021.
- It details the different demographic, economic, infrastructural and business drivers affecting the Romanian cards and payments industry.
- It outlines the current regulatory framework in the industry.
- It details marketing strategies used by various banks and other institutions.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Romanian cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Romanian cards and payments industry.
- Assess the competitive dynamics in the Romanian cards and payments industry.
- Gain insights into marketing strategies used for various card types in Romania.
- Gain insights into key regulations governing the Romanian cards and payments industry.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • American Express
  • Bancpost
  • BRD
  • Cetelem
  • Diners Club
  • Mastercard
  • MORE
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. Seqr
3.2.2. Netopia mobilPay
3.2.3. M-Pesa
3.2.4. MasterPass
3.2.5. PayPal
3.2.6. Paysafecard
3.2.7. Romcard
4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY
4.1. Regulatory framework
4.1.1. SEPA implementation
4.1.2. Implementation of the payment services directive (PSD)
4.1.3. Interchange fee regulation
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 cards market analysis
7.2. Competition in the debit cards market
7.3. Debit cards comparison
8. PAY LATER CARDS
8.1. Pay later cards market analysis
8.2. Competition in the pay later cards market
8.3. Pay later cards comparison
9. PREPAID CARDS
10. APPENDIX
10.1. Abbreviations and acronyms
10.2. Supplementary data
10.3. Definitions
10.4. Common payment card features
10.5. Methodology
10.6. Bibliography
10.7. Further reading

List of Tables
Table 1: Romania, Key Facts, 2016
Table 2: Romania, Regional Benchmarking of Payment Cards, 2016
Table 3: Romania, Modes of Entry for Foreign Banks
Table 4: Romania, Debit Cards Comparison and Key Features, 2016
Table 5: Romania, Gold Credit Cards Comparison and Key Features, 2016
Table 6: Romania, Premium Credit Cards Comparison and Key Features, 2016
Table 7: Romania, Payment Instrument Transaction Values (RON Billion), 2012-2016
Table 8: Romania, Payment Instrument Transaction Values (US$ Billion), 2012-2016
Table 9: Romania, Payment Instrument Transaction Volumes (Million), 2012-2016
Table 10: Romania, Payment Cards in Circulation by Type (Million), 2012-2021
Table 11: Romania, Volume of Payment Card Transactions (Million), 2012-2021
Table 12: Romania, Value of Payment Card Transactions (RON Billion), 2012-2021
Table 13: Romania, Value of Payment Card Transactions (US$ Billion), 2012-2021
Table 14: Romania, Debit Cards in Circulation (Million), 2012-2021
Table 15: Romania, Debit Card Transaction Volumes, 2012-2021
Table 16: Romania, Debit Card Transaction Values (RON), 2012-2021
Table 17: Romania, Debit Card Transaction Values (US$), 2012-2021
Table 18: Romania, Debit Cards in Circulation by Scheme (Million), 2012-2016
Table 19: Romania, Debit Card Transaction Values by Scheme (RON Billion), 2012-2016
Table 20: Romania, Debit Card Transaction Values by Scheme (US$ Billion), 2012-2016
Table 21: Romania, Debit Card Transaction Values by Issuer (RON Billion), 2012-2016
Table 22: Romania, Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016
Table 23: Romania, Pay Later Cards in Circulation (Million), 2012-2021
Table 24: Romania, Pay Later Card Transaction Volumes, 2012-2021
Table 25: Romania, Pay Later Card Transaction Values (RON), 2012-2021
Table 26: Romania, Pay Later Card Transaction Values (US$), 2012-2021
Table 27: Romania, Pay Later Cards in Circulation by Scheme (Thousand), 2012-2016
Table 28: Romania, Pay Later Card Transaction Values by Scheme (RON Billion), 2012-2016
Table 29: Romania, Pay Later Card Transaction Values by Scheme (US$ Billion), 2012-2016
Table 30: Romania, Pay Later Card Transaction Values by Issuer (RON Million), 2012-2016
Table 31: Romania, Pay Later Card Transaction Values by Issuer (US$ Million), 2012-2016
Table 32: Romania, Credit Cards in Circulation (Million), 2012-2021
Table 33: Romania, Credit Card Transaction Volumes, 2012-2021
Table 34: Romania, Credit Card Transaction Values (RON), 2012-2021
Table 35: Romania, Credit Card Transaction Values (US$), 2012-2021
Table 36: Romania, Credit Cards in Circulation by Scheme (Million), 2012-2016
Table 37: Romania, Credit Card Transaction Values by Scheme (RON Billion), 2012-2016
Table 38: Romania, Credit Card Transaction Values by Scheme (US$ Billion), 2012-2016
Table 39: Romania, Charge Cards in Circulation (Thousand), 2012-2021
Table 40: Romania, Charge Card Transaction Volumes, 2012-2021
Table 41: Romania, Charge Card Transaction Values (RON), 2012-2021
Table 42: Romania, Charge Card Transaction Values (US$), 2012-2021
Table 43: Romania, Prepaid Cards in Circulation (Thousand), 2012-2021
Table 44: Romania, Prepaid Card Transaction Values (RON Million), 2012-2021
Table 45: Romania, Prepaid Card Transaction Values (US$ Million), 2012-2021
Table 46: Definitions of Commonly Used Terms
Table 47: Common Features of Payment Cards
Table 48: Annual Average Exchange Rate (RON-US$), 2012-2021

List of Figures
Figure 1: Romania, Payment Instrument Shares by Transaction Value (%), 2012 vs 2016
Figure 2: Romania, Payment Instrument Shares by Transaction Volume (%), 2012 vs 2016
Figure 3: Romania, E-Commerce Value
Figure 4: Romania, Population and Economic Indicators
Figure 5: Romania, ATMs, POS Terminals and Household Consumption
Figure 6: Romania, Payment Cards Transaction Value and Cards in Circulation (%), 2012-2021
Figure 7: Romania, Debit Card Penetration and Turnover per Card, 2016
Figure 8: Romania, Debit Cards Scheme and Issuer Transaction Value Share (%), 2016
Figure 9: Romania, Pay Later Card Penetration and Turnover Per Card, 2016
Figure 10: Romania, Pay Later Cards Scheme and Issuer Transaction Value Share (%), 2016
Figure 11: Romania, Prepaid Cards in Circulation and Transaction Value, 2012-2021
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Banca Transilvana
  • BRD
  • Raiffeisen Bank
  • BCR
  • ING Bank
  • CEC bank
  • Bancpost
  • Unicredit Bank
  • OTP Bank
  • RBS Romania
  • Credit Europe Bank
  • Cetelem
  • American Express
  • Diners Club
  • Visa
  • Mastercard
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll