Summary

GlobalData’s 'Netherlands Cards and Payments - Opportunities and Risks to 2024' 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 (2016-20e).

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 (2020e-24f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData’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.

This 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 and credit cards.
- Detailed insights into payment instruments including cards, credit transfers, cash, direct debits, 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 Netherlands' cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

- According to the Dutch Payments Association, 3.04 billion contactless transactions valued at €51.3bn ($57.6bn) were made in 2019 - up from 2.25 billion transactions valued at €33.0bn ($37.0bn) in 2018. By December 2019, nearly 10% of all contactless payments were made with smartphones and wearables (with built-in NFC chips). The COVID-19 pandemic will have boosted the preference for contactless payments even further.
- The proliferation of digital-only banks has helped drive competition in the banking space, thus boosting debit card holding. Launched in 2015, digital-only bank bunq offers bank accounts for individuals and businesses. All accounts include a Mastercard debit card. Meanwhile, Germany-based N26 launched in the Netherlands in December 2016; as of November 2020 it had 200,000 customers. Individuals receive a Mastercard debit card upon opening a bank account with N26.
- Buy now pay later services are gradually gaining prominence in the Netherlands. Payment solutions provider Klarna offers both immediate and pay-later options for ecommerce purchases, allowing users to pay for a product within 14 or 30 days of delivery. In July 2019, Klarna extended its pay-later service to in-store merchants. AfterPay also offers buy now pay later options. Consumers are required to select AfterPay at checkout and make payments within 14 days of receiving goods. Users can pay via iDEAL or direct bank transfer. As of September 2020, AfterPay serves 4 million consumers in the Netherlands.

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.