Portuguese Cards and Payments Industry Offers Payments Landscape in Portugal by Opportunities & Risks to 2021

An up-to-date research report has been disclosed by Market Research Hub highlighting the title "Payments Landscape in Portugal with Opportunities and Risks to 2021", report provides detailed analysis of market trends in Portuguese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cash, payment cards, and cheques during the review-period (2013-2017). 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 (2017-2021).

Get a Free Sample Report @ https://www.marketresearchhub.com/enquiry.php?type=S&repid=1555653

The report also offers information on the country's competitive landscape, including the market shares of issuers and schemes. The report brings together Market Research Hub research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

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

Scope:
- To promote electronic payments and reduce dependence on cash, in August 2017 the Portuguese government restricted the amount of cash per transaction to 3,000 ($3,599.60) for residents, while for non-residents the limit is 10,000 ($11,998.60). The government has also mandated personal income tax payments over 1,000 ($1,199.90) to be made via bank transfer, cheque, or direct debit. Failure to do so incurs a fine of between 180-4,500 ($216-5,399) per transaction.

- The government is fostering the growth of digital channels within the banking industry. In July 2017, the central bank issued regulations enabling institutions with headquarters or branches in Portugal to allow customers to open accounts exclusively through digital channels, in a move to remain in line with European peers. Previously, bank accounts could only be opened at bank branches in the physical presence of the applicant. Consequently several banks such as Novo Banco, Millennium bcp, and Santander now allow consumers to open bank accounts through digital channels.

- Rising unemployment has forced consumers to default on payments, resulting in high debt during the review period. Amid increasing debt and decreasing profitability, banks were forced to shut down their operations, which eventually triggered mergers and acquisitions in the banking sector. Banco do Brasil shut down its retail business in Portugal in September 2017, and transferred its existing accounts to Banco CTT. Previously, in November 2016 Barclays sold Portugal’s Barclaycard consumer payments business to WiZink Bank. Likewise, Banco Santander Totta acquired Banco Banif in December 2015.

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

Browse full report with detailed TOC @ https://www.marketresearchhub.com/report/payments-landscape-in-portugal-opportunities-and-risks-to-2021-report.html

Table of Content:
Executive Summary
Card-based Payments
E-commerce Payments
Alternative Payments
Payments Infrastructure & Regulation
Appendix
……..continue (TOC + List of Tables and Figures)

Make an enquiry for this report @ https://www.marketresearchhub.com/enquiry.php?type=enquiry&repid=1555653

About Market Research Hub:
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of banking research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients and customers.

Contact Us
90 State Street,
Albany, NY 12207,
United States
Toll Free: 800-998-4852 (US-Canada)
Email: press@marketresearchhub.com
Website: https://www.marketresearchhub.com/
Read Industry News at - https://www.industrynewsanalysis.com/

This release was published on openPR.