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Slovakia Cards and Payments - Opportunities and Risks to 2025

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    Report

  • 60 Pages
  • July 2022
  • Region: Slovakia
  • GlobalData
  • ID: 5651089
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The publisher's ‘Slovakia Cards and Payments - Opportunities and Risks to 2025' report provides detailed analysis of market trends in the Slovakia's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, 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.

TThe 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 the Slovakia's cards and payments industry, including:
  • Current and forecast values for each market in the Slovakia's cards and payments industry, including debit, credit and charge cards.
  • Detailed insights into payment instruments including cash, cards, credit transfers, 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 the Slovakia's 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 of the Slovakia's cards and payments industry.

Scope

  • Slovakia does not have an instant payment system. However, in January 2022, the National Bank of Slovakia (NBS) launched SEPA Instant Credit transfers in the country via three major banks: Slovenská sporitelna, VUB banka, and Tatra banka (which is part of Raiffeisen Bank). The scheme is available 24 hours a day, seven days a week, 365 days a year and allows individuals and businesses to make payments in less than 10 seconds.
  • Slovakia's ecommerce transaction value recorded healthy growth of 14.1% in 2021e. To benefit from the growing ecommerce market, international players are launching online platforms in the country. In June 2021, Germany-based online fashion retailer Zalando launched its ecommerce platform in Slovakia to boost its ecommerce business. The rise in ecommerce will drive electronic payments, as bank transfers and payment cards are the preferred method of payment for ecommerce purchases.
  • Digital-only banks are helping to boost financial inclusion in the country. 365.bank is a mobile-only bank based in Slovakia that launched in November 2018. The bank offers a free account with a virtual Mastercard debit card. Since its inception, 365.bank had attracted over 50,000 customers as of December 2020, recording year-on-year growth of 84% compared to 2019. Meanwhile, in March 2021, UK-based digital-only bank Revolut launched in the country; it offers Standard, Plus, Premium, and Metal accounts along with Mastercard debit cards. Similarly, N26 offers a variety of accounts along with Mastercard debit cards.

Reasons to Buy

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

Table of Contents

  • Market Overview
  • Payment Instruments
  • Card-Based Payments
  • Ecommerce Payments
  • Alternative Payments
  • Payment Innovations
  • Payment Infrastructure and Regulation
  • Appendix

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Slovenska sporitelna
  • Raiffeisen Bank
  • VUB banka
  • CSOB
  • UniCredit Bank
  • OTP Banka
  • Visa
  • Mastercard
  • Apple Pay
  • Google Pay
  • Masterpass
  • PayPal