DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/r3lt8z/emerging) has announced the addition of the "Emerging Opportunities in the UK Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape" report to their offering.
The UK cards and payments industry grew at a CAGR of 4.11% during the review period. The largest share of the industry was occupied by the debit card category with a 45.2% share in 2012, followed by the prepaid card category which claimed 26.1% of the overall industry in 2012.
This trend is expected to continue during the forecast period. In 2017 the prepaid card category is projected to occupy 37.7% of the overall industry. The credit card category share is expected to decline from 27.6% in 2012 to 21.8% in 2017 at a CAGR of -0.53%.
The emergence of contactless payments is expected to increase the scope of card based payments in the UK. Contactless cards were first issued in the UK in 2007 and, as of 2012, there were nearly 23 million cards in circulation. Top banks that have rolled out contactless payments include Barclays, Lloyds, Bank of America (MBNA), HSBC and RBS.
The emergence of contactless payments has encouraged customers to opt for card based payments, as such transactions are secure and can be processed much faster compared to traditional card based transactions.
Key Topics Covered:
1 Executive Summary
2 Market Attractiveness and Future Prospects of Cards and Payments Industry
3 Analysis of UK Cards and Payments Industry Drivers
4 Emerging Consumer Attitudes and Trends
5 Competitive Landscape and Industry Dynamics
6 Strategies Adopted by Key Players
7 Size and Growth Potential of Payment Card Industry
8 Company Profiles, Product, and Marketing Strategies
- Barclays Bank
- Lloyds Banking Group
- Marks & Spencer
- Royal Bank of Scotland Group
- Santander UK plc
For more information visit http://www.researchandmarkets.com/research/r3lt8z/emerging