ELV Market Outlook 2021: Big Things are Happening with ELV, Giropay

Latest published market study on ELV - Competitor Market provides an overview of the current market dynamics in the ELV - Competitor space, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the players that are in coverage of the study are ELV, Giropay.

Get ready to identify the pros and cons of regulatory framework, local reforms and its impact on the Industry. Know how Leaders in ELV - Competitor are keeping themselves one step forward with our latest survey analysis

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Summary

ELV is an electronic direct debit system in Germany. Launched in the 1980s by a group of merchants, it accounted for 5.8% of the country’s non-cash transaction volume in 2019.

It is a popular payment solution in Germany for both in-store and online payments and is an alternative payment option for customers who do not like using credit cards online to pay for products or services.

In-store ELV payments are carried out at POS terminals using debit cards. The customer’s bank card details (including card number and expiry date) are captured by the POS terminal, and a collection authorization mandate is generated. This mandate needs to be signed by the customer, allowing merchants to collect funds from the customer’s bank account in the form of a direct debit. The system avoids the intervention of any card scheme networks for payment processing, thus allowing merchants to accept payments at lower costs.

ELV can also be used as a payment option by e-retailers. Payments are not authorized by issuing banks and merchants have to bear the risk of defaults.

ELV payments are accepted by most banks in Germany, as well as by a number of payment service providers including Worldpay from FIS, Adyen, Computop, ALTAPAY, Novalnet, Dalenys, emerchantpay, and Nuvei.

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The report provides information and insights into ELV including -
- Detailed insight into its business
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance highlights

Scope
- ELV is one of the most popular retail payment instruments in Germany launched in 1980s.
- To adopt a new framework promoting standardization and defining interfaces, the ELV Forum was formed in 2009.
- To align with the Single Euro Payments Area (SEPA) framework, the traditional ELV direct debit was migrated to SEPA ELV Direct Debit in January 2016.
- ELV Forum adopted the latest EuroELV version 4.3 specification in February 2021, which support ELV payments via contactless cards.

Reasons to Buy
- Gain insights into ELV's business operations and key events.
- Gain insights into its product portfolio.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

For deep analysis of ELV - Competitor Market Size, Competition Analysis is provided which includes Revenue (M USD) by Players (2019-2021E) & Market Share (%) by Players (2019-2021E) complimented with concentration rate.

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Actual Numbers & In-Depth Analysis of ELV - Competitor Market Size Estimation and Trends Available in Full Version of the Report.

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