Payments Landscape in Austria Market Trends in Payment Industry, Value and Segmentation, Opportunities risks to 2022

A newly compiled business intelligent report, titled “Payments Landscape in Austria”: Opportunities and Risks to 2022 has been publicized to the vast archive of Market Research Hub (MRH) online repository. The study revolves around the analysis of Payments Landscape in Austria, covering key industry developments and market opportunity map during the mentioned forecast period. This report further conveys quantitative & qualitative analysis on the concerned market, providing a 360 view on current and future market prospects. As the report proceeds, information regarding the prominent trends as well as opportunities in the key geographical segments have also been explained, thus enabling companies to be able to make region-specific strategies for gaining competitive lead.

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Payments Landscape in Austria: Opportunities and Risks to 2022

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

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

The report brings together GlobalDatas 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.

The report provides top-level market analysis, information and insights into Austrian cards and payments industry, including -
- Current and forecast values for each market in the Austrian cards and payments industry, including debit, credit, and charge cards.
- Detailed insights into payment instruments including cash, cards, credit transfers, direct debit, 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 Austrian cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope
- Contactless payments are gaining popularity in Austria, and are mainly used for low-value retail purchases - particularly for values below 25 ($28.64). In 2018, the number of payment cards that support contactless was estimated at 11.8 million, which was up significantly from 6.4 million in 2014. To capitalize on the growing use of contactless technology in Austria, in October 2018 JCB International partnered with the Austrian credit card issuer Card Complete Service Bank to offer JCB contactless cards that can be used at more than 10,000 merchants. Similarly, other international schemes such as Visa and Mastercard offer contactless technology via payWave and PayPass in Austria. Most recently, in January 2019, Mastercard, in collaboration with ERSTE Bank and Sparkassen, announced the launch of a new Mastercard debit card with contactless functionality in April 2019.
- The introduction of digital-only banks are also supporting the adoption of electronic payments in the country. For instance, Bunq mobile-only bank was launched in Austria in March 2017. Targeting the growing base of digital-savvy consumers, the bank enables users to open an account, make payments and order a Mastercard-branded debit card. In August 2013, BNP Paribas launched a mobile-only bank, Hello Bank!, in Austria, which enables customers to open an account, get a payment card and make investments. It serves nearly 85,000 customers in the country. Similarly, in January 2015, the mobile-only bank N26 was launched in Austria, offering an online bank account, a Mastercard-branded debit card and several other benefits.
- To promote instant payments in the country, a mobile payment platform called Zoin, developed by PSA Payment Services Austria, was launched in September 2017. This allows users to send money using a mobile number directly from their bank account, and transfer it to the recipients bank account without the need of an IBAN number. The solution is supported by major banks, including Bank Austria, Austrian Anadi Bank, Oberbank, Volksbank, BAWAG PSK and Raiffeisen Bank.

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

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Table of Contents
Market Overview
Executive Summary
Card-based Payments
E-commerce Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix

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