openPR Logo
Press release

Payments Landscape in Norway: Opportunities and Risks to 2022- Norges Bank, DNB Bank, Danske Bank, Nordea Bank Norge, Skandinaviska Enskilda Banken (SEB), Svenska Handelsbanken

02-14-2019 10:09 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsWeb

Payments Landscape in Norway

Payments Landscape in Norway

"Payments Landscape in Norway: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Norwegian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, cash, payment cards, and cheques during the review-period (2014-18e).

Major Key Players:

Norges Bank, DNB Bank, Danske Bank, Nordea Bank Norge, Skandinaviska Enskilda Banken (SEB), Svenska Handelsbanken, BankAxept, Visa, MasterCard, American Express

Get sample copy of the Report: www.reportsweb.com/inquiry&RW00012265604/sample

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 (2018-22f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

This report provides top-level market analysis, information and insights into the Norwegian cards and payments industry, including-

-Current and forecast values for each market in the Norwegian cards and payments industry, including debit, credit, and charge cards.
-Detailed insights into payment instruments including credit transfers, direct debit, cheques, cash, and payment cards. It also, includes an overview of the country's key alternative payment instruments.
-E-commerce market analysis and payment methods.
-Analysis of various market drivers and regulations governing the Norwegian cards and payments industry.
-Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Enquire about Discount on Report Purchase: www.reportsweb.com/buy&RW00012265604/buy/2750

Scope

-With the growing preference among Norwegians for digital banking, more digital banks are making their way to Norway. Malta-based mobile-only bank Ferratum Bank launched its operations in the country in 2016. Individuals can open a bank account within the app just by providing their mobile number, email, and Norwegian passport details. The bank offers a contactless Mastercard debit card which can be used for cash withdrawals and in-store payments. Previously, another digital bank called Mono Bank was launched in November 2015. In 2018, it revealed plans to offer credit cards. In addition to a physical card, card holders receive a virtual credit card which is stored within the app.
-DNB launched the country’s first mobile peer-to-peer (P2P) payment solution, Vipps, in May 2015. Payments can be made to the recipient’s mobile number without the need for bank account details. Users need to link together their mobile number, debit card, bank account, and national identity number to use the service. Initially launched as a P2P solution, the app now allows users to make online, in-store, and in-app payments. To ensure a comprehensive single mobile wallet was available to Norwegian consumers, DNB entered into agreements with various service providers to ensure the widespread application of Vipps. In February 2017, 106 Norwegian banks joined Vipps.
-Contactless technology in Norway is in the developmental stage. According to the central bank, 22 million contactless payments were made at physical merchants in 2017, which is less than 2% of the total card payment transaction volume. However, with banks and scheme providers increasingly pushing for this technology, the number of contactless cards is expected to reach 8.2 million by 2022. The country’s major debit card scheme BankAxept rolled out its contactless cards in June 2017. By the end of February 2018, banks had issued around 2 million contactless BankAxept cards. In July 2018 Handelsbanken partnered with BankAxept and payment service provider EVRY to offer contactless payments via wearable devices.

Get More Details of the Report : www.reportsweb.com/inquiry&RW00012265604/discount

Reasons to buy

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

About us:

ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

Contact us:
Phone : +1-646-491-9876
E-Mail : sales@reportsweb.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Payments Landscape in Norway: Opportunities and Risks to 2022- Norges Bank, DNB Bank, Danske Bank, Nordea Bank Norge, Skandinaviska Enskilda Banken (SEB), Svenska Handelsbanken here

News-ID: 1587805 • Views: 325

More Releases from ReportsWeb

Virtualized Multi-tenant Data Center Market Growth Set to Surge Significantly du …
Global Virtualized Multi-tenant Data Center Market 2019 by Company Regions Type and Application Forecast to 2024 This report mainly studies Virtualized Multi-tenant Data Center (VMDC) market.A multi-tenant data center (MTDC), also known as a colocation data center, is a facility where organizations can rent space to host their data. MTDCs provide the space and networking equipment to connect an organization to service providers at a minimal cost.? The Asia-Pacific will occupy for
Internet Messaging Platform Market Set for Rapid Growth During 2019 - 2024 | Syc …
Global Internet Messaging Platform Market 2019 by Company Regions Type and Application Forecast to 2024 An Internet messaging platform is any system on the Internet that exchanges messages for the purpose of human communications. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any
Proximity Mobile Payment Market Trends Analysis, Demand, Future Scenario and Gro …
Global Proximity Mobile Payment Market 2019 by Company Regions Type and Application Forecast to 2024 Mobile payment generally refers to payment services operated under financial regulation and performed from or via a mobile device. This report studies the Proximity Mobile Payment. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an
Online Betting Market Growth Prospects, Demand, Future Scenario and Key Vendors: …
Global Online Betting Market 2019 by Company Regions Type and Application Forecast to 2024 Online Betting is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning money or material goods. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The

All 5 Releases


More Releases for Norwegian

Record drill runs with innovative downhole tool on the Norwegian Continental She …
(Bergen / Wallingford 8th Jan, 2019) Several runs on the NCS has proven that the APS SureDrill-AVD™ (Active Vibration Damper) significantly improves drilling efficiency and extends bit life. By autonomously adapting to changing downhole Bottom Hole Assembly (BHA) motion in real time, the AVD tool reduces drilling dysfunctions, ultimately leading to faster, more efficient drilling. A major Norwegian sector operator and service company employed the AVD tool to drill a
Tourism Case Study: Norwegian Air Market 2018| Norwegian Air, British Airxays, I …
Albany, NY, 16th October : Recent research and the current scenario as well as future market potential of "Tourism Case Study: Norwegian Air - Analysis of the low cost carriers expansion and what can be learnt from it" globally. GlobalDatas "Tourism Case Study: Norwegian Air", discusses the low cost carrier's expansion and offers an insight into the key reasons behind the success of the company. Get PDF for more Professional and Technical
Good year for Norwegian collections despite overall decline
ReportsWorldwide has announced the addition of a new report title Good year for Norwegian collections despite overall decline to its growing collection of premium market research reports. Introduction Norwegian authors' society TONO described last year's performance as good, although it failed to repeat the record-breaking royalty collections of 2015. Highlights TONO described last year's performance as good due to the fact that new licensing agreements and back payments overly inflated collections in 2015, making
Incbio awarded Biodiesel plant contract for a Norwegian client
“Incbio (www.incbio.com), a leading company in design, build and start-up of biodiesel plants with state of the art ultrasonic reactor technology has been awarded a contract to supply a turnkey transesterification unit for N3Pharma AS, a leading Norwegian pharmaceutical and nutraceutical company. Designed to transesterify a total capacity of 10,000MT/year of fish oil with ethanol (ethylation), the plant will be fully built with food grade materials and components, and include
Kamstrup Selected for Norwegian Smart Metering Deployment
In a close race of leading system providers, Ringeriks-Kraft has chosen the wireless smart metering system from Kamstrup for 22,000 metering points. Ringeriks-Kraft will be the first distribution company in Norway to implement a smart metering system since the Norwegian Water Resources and Energy Directorate (NVE) issued the directive about countrywide implementation of smart meters before January 1, 2017. The meter installation will take place in 2012-2013. Project manager, Morten Sjaamo,
Norwegian Crown Couple to visit CWC Ghana Summit
FOR IMMEDIATE RELEASE: (1 April 2011, Friday) Norwegian Crown Couple, Crown Prince Haakon and Crown Princess Mette-Marit will be travelling to Ghana in mid-April. The Couple’s visit to Ghana will be accompanied by Norwegian Minister of Environment and Development, Mr Erik Solheim. During their official visit to Ghana, the Royal Couple will attend The CWC Group’s Ghana Summit, 12 – 14 April. Minister of Environment and Development, Mr Solheim, is expected