European Payment Cards - Synopsis

EUROPEAN PAYMENT
CARDS YEARBOOK
2002-03 EDITION

SYNOPSIS

Synopsis Contents
Introduction to Yearbook
Volume 1: Pan-European Analysis Contents
Volume 1: Charts, Tables and Diagrams
Volume 2: Country Reports Contents

European Payment Cards - Synopsis

Introduction
Europe is one of the worlds largest card payment markets. At the end of 2001 there
were more than 500 million internationally badged payment cards in issue across the
region. Europes cardholders used their cards to make purchases and cash
withdrawals with a value of 1.8 trillion euros during 2001. The market continues to
expand, with growth rates for card numbers and card use in the low to mid-teens.
As well as being one of the largest, Europe is on many measures the most complex,
diverse and innovative card payments region in the world:
It combines the developed markets of western Europe with the emerging markets
of central & eastern Europe.
It combines large credit card markets such as the UK with large debit card markets
such as France and Germany.
It houses a variety of domestic interbank organisations, POS and ATM networks
alongside the international schemes.
It is experiencing structural change as the euro and economic integration encourage
cross-border issuing, acquiring and processing.
It is home to most of the major chip card projects, with EMV implementation and a
variety of internet and mobile payment projects underway.
The Yearbook is divided into two volumes:
Volume One - Pan-European Perspective
Volume One examines the market from a pan-European perspective. It is made up of
seven sections:
Section 1 sets the payment card market in context by outlining the main features of
banking in Europe.
Section 2 contrasts the levels of card issuance and use across different countries and
regions within Europe.
Section 3 highlights key themes and trends across the European market:

the dominance of debit cards

prospects for revolving credit
prospects for cross-border card issuance and use in Europe
EMV implementation
pricing and regulation

European Payment Cards - Synopsis

Section 4 looks at the position of the international schemes, Europay and Visa. It
examines:

card numbers and card use in Europe compared with other regions
the position of the international schemes across Europe as a whole
the role and position of the schemes in individual European markets, and
the position of the schemes in central & eastern Europe

Section 5 provides an overview of the domestic interbank payment organisations such

as Banksys in Belgium, PBS in Denmark and Interpay in the Netherlands which play
a central role in the delivery of card payments in most European markets.
Section 6 reviews developments in merchant acquisition and contains comprehensive
POS and ATM acceptance statistics for Europe.
Section 7 examines the new products and delivery channels created by developments
in technology:
secure internet payments
mobile payments
electronic purses
An appendix to Volume One considers sources and statistics. It highlights important
differences in the structure, boundaries and products of Europay and Visa.
Volume Two - Country Profiles
Volume Two profiles the card markets of Europe, country by country. The country
profiles include information and data on:

key statistics
the banking sector
market infrastructure
market size and dynamics
the position of the international schemes
new products and delivery channels

Acknowledgments
The report draws on statistics and information both from the international schemes
and domestic sources. ECR thanks all those individuals and organisations who have
kindly supplied information and statistics.

European Payment Cards - Volume 1: Pan-European Analysis

Contents

Introduction
European Market Highlights
1.

Overview of European Banking

1.1
1.2

Banking in Western Europe

Banking in Central & Eastern Europe

2.

Regional Patterns

2.1
2.2
2.3
2.4

Western Europe vs Central & Eastern Europe

Within Western Europe
Within Central & Eastern Europe
Continental Overview

3.

Themes and Trends

3.1
3.2
3.3
3.4
3.5

Continuing Dominance of Debit

Prospects for Revolving Credit Cards
Scope for Multi-Country Card Operators
EMV Implementation
Pricing and Regulation

4.

International Schemes: Europay and Visa

4.1
4.2
4.3
4.4
4.5

Europe Compared with Other Regions

Pan-European Analysis
Western Europe
Central & Eastern Europe
Regional Summary 1997-2001

European Payment Cards - Volume 1: Pan-European Analysis

5.

Domestic Interbank Organisations

5.1
5.2
5.3

Overview
Functions
Pressure for Change

6.

Acquisition and Acceptance

6.1
6.2
6.3
6.4

Merchant Acquisition
POS / Merchant Statistics
ATM Analysis
Cash Acquisition / ATM Statistics

7.

New Products and Delivery Channels

7.1
7.2
7.3

Secure Internet Payments

Mobile Payments
Electronic Purse

Appendix 1: Notes on Sources and Statistics

ii

European Payment Cards - Volume 1: Pan-European Analysis

Charts, Diagrams and Tables

1. Overview of European Banking

1.1.1
1.1.2
1.1.3
1.1.4

Chart (map)
Table
Table
Table

1.2.1
1.2.2
1.2.3
1.2.4
1.2.5

Chart (map)
Table
Table
Table
Table

Western Europe
Largest Western European Banks by Country
Largest European Banks by Total Assets End 2001
Recent Mergers & Acquisitions in European Banking
Examples of Cross-Border Banks, Alliances &
Shareholdings in Europe
Central & Eastern Europe
Largest Eastern European Banks by Country
Foreign Banks in Eastern Europe By Country
Foreign Banks in Eastern Europe By Bank
Foreign Banks in the Baltic States By Country
Foreign Banks in the Baltic States By Bank

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European Payment Cards - Volume 1: Pan-European Analysis

2. Regional Patterns
2.1.1
2.1.2

Chart
Chart

Overview
Cards per Capita End 2001
Transactions per Capita 2001

2.2.1
2.2.2
2.2.3
2.2.4

Chart
Chart
Chart
Chart

Within Western Europe

Cards per Capita End 2001
Transactions per Capita 2001
Card Payments per Capita EU vs Nordic Region
Card Payments per Capita Nordic Region Breakdown

2.3.1
2.3.2
2.3.3
2.3.4
2.3.5
2.3.6
2.3.7
2.3.8

Chart
Chart
Chart
Chart
Chart
Chart
Chart
Chart

Within Central & Eastern Europe

Cards per Capita End 2001
Transactions per Capita 2001
Pre-Accession Markets - Cards per Capita End 2001
Pre-Accession Markets - Transactions per Capita 2001
Baltic States - Cards per Capita End 2001
Baltic States - Transactions per Capita 2001
Baltic States - Cards per Capita End 2001 (Domestic Statistics)
Baltic States - Card Payments per Capita 2001

Table

Continental Overview
Cards, Transactions and Volume - 2001

2.4.1

iv

European Payment Cards - Volume 1: Pan-European Analysis

3. Themes and Trends

3.1.1
3.1.2

Chart
Chart

3.1.3
3.1.4

Table
Table

The Dominance of Debit

Europay and Visa - Debit/Credit Split End 2001
Number of Cross-border eurocheques Issued Abroad
1989-2001
Europay Cross-border Transactions by Type 1997-2001
Number of Cheque Transactions 1995-99

3.2.1

Table

Prospects for Revolving Credit Cards

Outstanding Consumer Credit 1999-2001

3.3.1
3.3.2
3.3.3

Table
Table
Table

Scope for Multi-Country Card Operators

Cetelem Business Alliances with European Banks
Diners Club European Franchises
American Express - Relationships with Banks in Europe

Chart
Table
Table
Table

EMV Implementation
Fraud Losses on CB Cards 1989-2000
EMV Key Developments
EMV Migration European Overview
EMV Migration Overview by Country

3.4.1
3.4.2
3.4.3
3.4.4

European Payment Cards - Volume 1: Pan-European Analysis

4. International Schemes: Europay and Visa

Table
Table
Table

Europe Compared with Other Regions

MasterCard - Europe vs Other Regions - 2001
Maestro - Europe vs Other Regions - 2001
Visas EU Region in a Global Context - 2001

Table
Table
Table
Table
Table

Pan-European Analysis
Europay and Visa EU Compared 1997-2001
Europay Key Statistics 1997-2001
Visa Key Statistics 1997-2001
Visa Card Use at POS 2001
Europay and Visa EU Acceptance Locations 1997-2001

4.3.1
4.3.2

Table
Table

Country Comparisons
Overview of Scheme Role & Market Position by Country
Cards Issued by Scheme End 2001

4.4.1
4.4.2

Table
Table

Eastern Europe
Europay and Visa Compared 1999-2001
Cards Issued by Scheme - End 2001

4.5.1
4.5.2
4.5.3
4.5.4
4.5.5
4.5.6
4.5.7
4.5.8
4.5.9

Table
Table
Table
Table
Table
Table
Table
Table
Table

Regional Summary 1996-2000

Internationally-badged Payment Cards - 1997-2001
Europay-badged Payment Cards - 1997-2001
Visa-badged Payment Cards - 1997-2001
International Card Volume - 1997-2001
Europay Card Volume - 1997-2001
Visa Card Volume - 1997-2001
International Card Transactions - 1997-2001
Europay Card Transactions - 1997-2001
Visa Card Transactions - 1997-2001

4.1.1
4.1.2
4.1.3
4.2.1
4.2.2
4.2.3
4.2.4
4.2.5

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European Payment Cards - Volume 1: Pan-European Analysis

5. Domestic Interbank Organisations

Chart (map)
Table
Table

Overview
Domestic Interbank Organisations by Country
Domestic Interbank Organisations by Country
Interbank Service Providers in CEE & Baltics

5.2.1
5.2.2

Table
Table

Functions
Examples of Domestic Brands in Europe
Comparing Interbank Organisations by Function

5.3.1
5.3.2
5.3.3

Table
Table
Table

Pressure for Change

Pressure for Change Drivers and Inhibitors
Case Study SSB in Italy
Case Study Telekurs in Switzerland

5.1.1
5.1.2
5.1.3

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European Payment Cards - Volume 1: Pan-European Analysis

6. Acquisition and Acceptance

Merchant Acquisition
Europay Central Acquiring
European Acquiring - Main Acquirers by Country

6.1.1
6.1.2

Table
Table

6.2.1

Table

6.2.2
6.2.3
6.2.4
6.2.5

Table
Chart
Table
Table

POS / Merchants Statistics

EC-MC and Visa Merchants by Country 2001 - Ranked
Alphabetically
EC-MC and Visa Merchants per Million Inhabitants - 2001
EC-MC and Visa Merchants per Million Inhabitants - 2001
Maestro and Electron Acceptance 2001 - Ranked Alphabetically
Card Scheme vs Domestic POS Statistics - 2001

Table

ATM Analysis
ATM Overview by Country

6.3.1
6.4.1

Table

6.4.2
6.4.3
6.4.4
6.4.5
6.4.6

Table
Chart
Table
Table
Table

Cash Acquisition / ATM Statistics

Europay and Visa ATMs by Country 2001 - Ranked
Alphabetically
EC-MC and Visa ATMs per Million Inhabitants - 2001
EC-MC and Visa ATMs per Million Inhabitants - 2001
Scheme vs Domestic ATM Statistics - 2001
Eufiserv Key Statistics 1996-2000
Eufiserv Cards, ATMs and Transactions by Country 2000

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European Payment Cards - Volume 1: Pan-European Analysis

7. New Products and Delivery Channels

Table
Table
Table

Secure Internet Payments

Secure Internet Payments Key Developments
Overview of MasterCard SPA and Visa 3-D Secure
Danish Internet Card Payments - 1999-H12002

7.2.1
7.2.2

Table
Table

Mobile Payments
Examples of European Mobile Payment Systems
Mobile Commerce Industry Groupings

7.3.1
7.3.2

Table
Table

7.3.3

Chart (map)

7.1.1
7.1.2
7.1.3

Electronic Purse
E-Purse Payments for Selected Markets 1998-2001
E-Purse vs Debit Card Payments for Selected Markets
2001
Electronic Purse Schemes and Pilots

ix

European Payment Cards - Volume 1: Pan-European Analysis

Appendix 1. Note on Sources and Statistics

A1.1
A1.2
A1.3
A1.4

Table
Table
Table
Table

Europay Countries Mapped on to Visas Regions

Distribution of Visas European Activity - 2001
Europay & Visa Product Breakdowns - 2001
Average $/ Exchange Rate 1999-2001

European Payment Cards - Volume 2: Country Profiles

Contents
Introduction

Pages

1.

Austria

AU 1-10

2.

Belgium

BE 1-12

3.

Croatia

CR 1-4

4.

Czech Republic

5.

Denmark

6.

Estonia

EST 1-4

7.

Finland

FI 1-14

8.

France

FR 1-14

9.

Germany

GE 1-16

10.

Greece

GR 1-8

11.

Hungary

HU 1-8

12.

Iceland

IC 1-6

13.

Ireland

IRL 1-6

14.

Italy

IT 1-12

15.

Latvia

16.

Lithuania

LITH 1-4

17.

Luxembourg

LUX 1-6

18.

Netherlands

NL 1-10

19.

Norway

NO 1-12

20.

Poland

21.

Portugal

PT 1-10

22.

Russia

RU 1-4

23.

Slovakia

SLK 1-4

24.

Slovenia

SLN 1-6

25.

Spain

SP 1-12

26.

Sweden

27.

Switzerland

28.

Turkey

29.

United Kingdom

CZR 1-6
DK 1-8

LAT 1-6

PL 1-6

SWE 1-12
SWITZ 1-12
TUR 1-10
UK 1-14