Contactless Cards Become Increasingly Popular in the Czech Republic, Says Timetric in Its New Report Now Available at MarketPublishers.com

19 May 2016 • by Natalie Aster

LONDON – In the Czech Republic, there were more than 8.68 million cards with contactless functionality as of 2015, while the total number of cards amounted to 11.6 million.

The number of contactless transactions surpassed the 369 million mark in the same year in the country. They held a 48.5 percent share in total payment card transactions.

Contactless cards are offered by all major banks, while banks and payment companies have focuses on attempts to increase acceptance of such cards.

With the rise in the e-commerce market in the Czech Republic, an uptake of alternative payment has started to rise, too.

Small and middle-sized enterprises enjoy growing attention from banks. The latter ones offer those enterprises business cards with a range of pricing benefits and value-added services.

New research report “The Cards and Payments Industry in the Czech Republic: Emerging Trends and Opportunities to 2020” drawn up by Timetric offers a comprehensive analysis of the cards and payments market in the Czech Republic. The study contains valuable information on key facts and events related to the marketplace.

It focuses on payment instruments and insightfully examines the e-commerce market. The report covers alternative payment instruments. The research study explores the regulatory framework and regulations related to foreign direct investments.

It throws light on forces driving this market and delves deep into all market segments’ performance. Information on marketing strategies used by market segments can be also found in the research report. Future projections are available in the study, too.

Report Highlights:

  • insightful overview of the marketplace;
  • discussion of forces driving it;
  • current and forecast values;
  • examination of the e-commerce marketplace;
  • details on regulatory framework;
  • coverage of consumer attitudes as well as buying preferences;
  • future outlook;
  • data on market segments;
  • and more.

More new research studies by the publisher can be found at Timetric page.

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Natalie Aster
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