France Cards & Payments Sector Investigated by Timetric in New Market Research Study Available at MarketPublishers.com22 Feb 2016 • by Natalie Aster
LONDON – The payment cards market in France has witnessed the adoption of contactless technology. The number of contactless payments increased speedily to reach 21.9 million in 2015, recording an overwhelming increase of 218% over the same period last year. For that matter, banks and telecommunications carriers are launching contactless mobile payment services. Thus, the country’s banking group Credit Mutuel in cooperation with m-payment solution provider Airtag introduced its Credit Mutuel-CIC app in November 2015.
In spite of the availability of secure online payment solutions – Verified by Visa and MasterCard Secure Code, online card fraud surged over the period 2010–2014. Card-not-present (CNP) fraud captured the largest share (just under 63.5%) of the overall fraud registered as of 2014. To curb this, the French banks are testing a new technology termed ‘motion code’ solution, under which the 3-digit CVV security code located on the back of the card is substituted with a mini-screen displaying a code that automatically changes at fixed intervals. The two banks, BCPE Group and BNP Paribas, have chosen Oberthur Technologies' OT Motion Code solution to pilot cards with mini-screen security codes during 2016. This additional security is poised to reduce the likelihood of card being fraudulently used for transactions performed online.
New report “The Cards and Payments Industry in France” drawn up by Timetric offers an insightful analysis of key market trends in the national cards and payments industry. It gives access to volumes and values for a number of KPIs in the industry over 2010–2014. The report examines the various payment card marketplaces in the industry and provides granular information on the number of cards in use, and historical and forecast (to 2019) transaction values and volumes. The study limelights the nation’s competitive landscape, including issuers’ and schemes’ market shares. The research report also explores in detail regulatory policies, latest changes in regulatory structure, card fraud statistical data, along with offering detailed profiles of card issuers that are active across the country.
The Cards and Payments Industry in France: Emerging Trends and Opportunities to 2019
Published: February, 2016
Price: US$ 3,995.00
Key Report Themes:
- all-round assessment of the French cards and payments universe;
- present and forecast values for each market in the industry;
- identification and in-depth evaluation of the factors stimulating the market;
- coverage of the present-day regulatory framework;
- details about marketing strategies used;
- insights into the competitive scenario and top bank profiles;
- and more.
Other topical studies by this publisher can be found at Timetric page.