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Synopsis
Timetric’s 'The Cards and Payments Industry in the UK: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in the UK cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits, payment cards and cash transactions during the review period (2010–2014).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015–2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together Timetric’s 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, recent changes in regulatory structure, card fraud statistics and profiles of card issuers operating in the country.

Summary
Timetric’s 'The Cards and Payments Industry in the UK: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into the UK cards and payments industry, including:

- Current and forecast values for each market in the UK cards and payments industry, including debit card, credit and charge cards. It also includes detailed analysis of the prepaid card market.

- Detailed insights into payment instruments including credit transfers, cash transactions, checks, direct debits and payment cards. It also, includes an overview of the country's key alternative payment instruments.

- E-commerce market analysis and online payment types.

- Analysis of various market drivers and regulations governing the UK cards and payments industry.

- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

- Comprehensive analysis of consumer attitudes and buying preferences for cards.

- The competitive landscape of the UK cards and payments industry.

Scope
- This report provides a comprehensive analysis of the UK cards and payments industry.

- It provides current values for the UK cards and payments industry for 2014, and forecast figures to 2019.

- It details the different demographic, economic, infrastructural and business drivers affecting the UK cards and payments industry.

- It outlines the current regulatory framework in the industry.

- It details marketing strategies used by various banks and other institutions.

- It profiles major banks in the UK cards and payments industry.

Reasons To Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the UK cards and payments industry and each market within it.

- Understand the key market trends and growth opportunities in the UK cards and payments industry.

- Assess the competitive dynamics in the UK cards and payments industry.

- Gain insights into marketing strategies used for various card types in the UK.

- Gain insights into key regulations governing the UK cards and payments industry.

Key Highlights
- The UK government implemented the EU rule on the interchange fee cap effective from December 9, 2015. Under these new rules, the interchange fee for credit and debit cards are capped at 0.3% and 0.2%, respectively. The regulation is anticipated to have a major impact on profitability of the UK's payment cards market. With a reduction in revenue, issuers are likely to cut card offerings and benefits for consumers, and instead look at new ways to generate revenue. One way could be to increase fees levied on debit and credit cards. Alternatively, high-street banks might put an end to free current accounts. The cap on interchange fees is expected to reduce card issuers' revenue from consumer cards, but not commercial cards. Therefore, card issuers are likely to compensate for some of the lost revenue by issuing more commercial charge cards and credit cards.

- The emergence of digital only banks is likely to accelerate a shift towards electronic payments in the UK. Atom Bank, which was granted a banking license by the Bank of England in June 2015, may become the country's first digital only bank, allowing consumers to conduct banking transactions entirely online and via mobile phones. Other digital-only banks, such as the German-based Fidor Bank, Tandem Bank and Starling Bank, are also making their debut into the market.

- The UK payment cards market has seen the uptake of contactless technology from 2013 onwards. According to the UK Cards Association, the number of contactless card transactions increased from 1.7 million in 2010 to 319.2 million in 2014. In September 2015 alone, 103.2 million contactless transactions were made, including 89.7 million debit cards and 13.5 million credit and charge cards. One of the key drivers of contactless payments has been its use in London's public transport system. In 2014, there were 17 million contactless payments in bus journeys and 14 million in rail trips. To drive growth in contactless payments, the UK Cards Association increased the spending limit on contactless transactions from the existing US$31.5 (GBP20) to US$47.9 (GBP30) in September 2015. This move is anticipated to further propel contactless transactions in the UK.

Table Of Contents

The Cards and Payments Industry in the UK: Emerging Trends and Opportunities to 2019
Table of Contents
1 Definitions and Methodology
1.1 Definitions
1.2 Methodology
2 Key Facts and Events
3 Executive Summary
4 Payment Instruments
4.1 Current Payment Environment
5 E-Commerce
5.1 E-Commerce Market Analysis
6 Alternative Payments
6.1 Alternative Payment Instruments
6.1.1 Apple Pay
6.1.2 Samsung Pay
6.1.3 bPay
6.1.4 PayPal
6.1.5 Skrill
6.1.6 Visa V.me
6.1.7 MasterPass
6.1.8 Ukash
6.1.9 Paym
6.1.10 Pingit
6.1.11 Zapper
6.1.12 Zapp
6.1.13 Starbucks mobile wallet
7 Regulations in the Cards and Payments Industry
7.1 Regulatory Framework
7.1.1 Status of implementation of payment services directive (PSD) in the UK
7.1.2 Interchange fee regulation
7.1.3 Single European payment area (SEPA) implementation in the UK
7.1.4 Best practice guidelines set by the UK payment cards association
7.2 Anti-Money Laundering (AML)
7.3 Foreign Direct Investment (FDI) Regulations
8 Analysis of Cards and Payments Industry Drivers
8.1 Demographic Drivers
8.2 Economic Drivers
8.3 Infrastructure Drivers
8.4 Business Drivers
9 Market Segmentation and New Product Launches
9.1 Market Segmentation and Targeting
9.1.1 Consumer cards
9.1.2 Commercial cards
9.2 New Product Launches
10 Payment Cards
10.1 Payment Cards Analysis
10.1.1 Volume and value of payment card transactions by type
10.1.2 Personal vs commercial cards
10.1.3 Contactless payments
11 Debit Cards
11.1 Debit Card Market Analysis
11.1.1 Debit card transaction volumes and values by channel
11.1.2 Debit card scheme and issuer shares in terms of transaction value
11.1.3 Debit cards comparison
12 Credit Cards
12.1 Credit Card Market Analysis
12.1.1 Credit card transaction volumes and values by channel
12.1.2 Credit card scheme and issuer shares in terms of transaction value
12.1.3 Credit cards comparison
13 Charge Cards
13.1 Charge Card Market Analysis
13.1.1 Charge card transaction volumes and values by channel
13.1.2 Charge card scheme shares in terms of transaction value
13.1.3 Charge cards comparison
14 Commercial Cards
14.1 Commercial Card Market Analysis
14.1.1 Commercial cards comparison
15 Card Fraud Statistics
15.1 Card Fraud Analysis
16 Card Issuers
16.1 Lloyds Bank
16.2 Barclays Bank
16.3 The Royal Bank of Scotland
16.4 HSBC
16.5 Santander UK
16.6 American Express
17 Prepaid Cards
17.1 Prepaid Card Market Analysis
17.1.1 Prepaid cards comparison
18 Merchant Acquiring
18.1 Merchant Acquiring Market Analysis
19 Appendix
19.1 Tables
19.2 Contact Timetric
19.3 About Timetric
19.4 Timetric's Services
19.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: The UK - Key Facts, 2014
Table 4: Regional Benchmarking of the UK Payment Cards, 2014
Table 5: The UK - Mode of Entry of Foreign Banks
Table 6: Cards for High-Income Consumers, 2015
Table 7: Cards for Travelers, 2015
Table 8: Cards for Students and Young Population, 2015
Table 9: Cashback Credit Cards, 2015
Table 10: Shopping Reward Point Credit Cards, 2015
Table 11: Balance Transfer Credit Cards, 2015
Table 12: Commercial Cards Comparison and Key Features, 2015
Table 13: The UK - New Product Launches
Table 14: The UK - Contactless Payments, 2010-2015
Table 15: The UK - Contactless Payments, 2010-2015
Table 16: The UK - Debit Cards Comparison and Key Features, 2015
Table 17: The UK - Gold Credit Cards Comparison and Key Features, 2015
Table 18: The UK - Premium Credit Cards Comparison and Key Features, 2015
Table 19: The UK - Charge Cards Comparison and Key Features, 2015
Table 20: The UK - Commercial Cards Comparison and Key Features, 2015
Table 21: The UK - Prepaid Cards Comparison and Key Features, 2015
Table 22: The UK - Payment Instrument Transaction Values (GBP Billion), 2010-2014
Table 23: The UK - Payment Instrument Transaction Values (US$ Billion), 2010-2014
Table 24: The UK - Payment Instrument Transaction Volumes (Billion), 2010-2014
Table 25: The UK - Number of Payment Cards in Circulation by Type (Million), 2010-2019
Table 26: The UK - Volume of Payment Card Transactions by Type (Billion), 2010-2019
Table 27: The UK - Value of Payment Card Transactions by Type (GBP Billion), 2010-2019
Table 28: The UK - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019
Table 29: The UK - Personal and Commercial Card Transaction Volumes (Million), 2010-2019
Table 30: The UK - Personal and Commercial Card Transaction Values (GBP Billion), 2010-2019
Table 31: The UK - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019
Table 32: The UK - Number of Debit Cards in Circulation (Million), 2010-2019
Table 33: The UK - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 34: The UK - Debit Card Total and Average Transaction Values by Channel, 2010-2019
Table 35: The UK - Debit Card Total and Average Transaction Values by Channel, 2010-2019
Table 36: The UK - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014
Table 37: The UK - Debit Card Transaction Values by Scheme (GBP Billion), 2010-2014
Table 38: The UK - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table 39: The UK - Debit Card Transaction Values by Issuer (GBP Billion), 2010-2014
Table 40: The UK - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014
Table 41: The UK - Number of Credit Cards in Circulation (Million), 2010-2019
Table 42: The UK - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 43: The UK - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table 44: The UK - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table 45: The UK - Number of Credit Cards in Circulation by Scheme (Million), 2010-2014
Table 46: The UK - Credit Card Transaction Values by Scheme (GBP Billion), 2010-2014
Table 47: The UK - Credit Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table 48: The UK - Pay Later Card Transaction Values by Issuer (GBP Billion), 2010-2014
Table 49: The UK - Pay Later Card Transaction Values by Issuer (US$ Billion), 2010-2014
Table 50: The UK - Credit Card Balances Outstanding by Issuer (GBP Billion), 2010-2014
Table 51: The UK - Credit Card Balances Outstanding by Issuer (US$ Billion), 2010-2014
Table 52: The UK - Number of Charge Cards in Circulation (Million), 2010-2019
Table 53: The UK - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 54: The UK - Charge Card Total and Average Transaction Values by Channel, 2010-2019
Table 55: The UK - Charge Card Total and Average Transaction Values by Channel, 2010-2019
Table 56: The UK - Number of Charge Cards in Circulation by Scheme (Thousand), 2010-2014
Table 57: The UK - Charge Card Transaction Values by Scheme (GBP Billion), 2010-2014
Table 58: The UK - Charge Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table 59: The UK - Number of Commercial Cards in Circulation (Million), 2010-2019
Table 60: The UK - Commercial Card Transaction Values (GBP Billion), 2010-2019
Table 61: The UK - Commercial Card Transaction Values (US$ Billion), 2010-2019
Table 62: The UK - Card Fraud (GBP Million), 2010-2014
Table 63: The UK - Card Fraud (US$ Million), 2010-2014
Table 64: The UK - Number of Prepaid Cards in Circulation (Million), 2010-2019
Table 65: The UK - Prepaid Card Transaction Values (GBP Billion), 2010-2019
Table 66: The UK - Prepaid Card Transaction Values (US$ Billion), 2010-2019
Table 67: The UK - Merchant Acquiring Transaction Volumes by Channel (Billion), 2010-2019
Table 68: The UK - Merchant Acquiring Transaction Values (GBP Billion), 2010-2019
Table 69: The UK - Merchant Acquiring Transaction Values (US$ Billion), 2010-2019
Table 70: The UK - Acquirers' Transaction Volumes (Million), 2010-2014
Table 71: The UK - Acquirers' Transaction Values (GBP Billion), 2010-2014
Table 72: The UK - Acquirers' Transaction Values (US$ Billion), 2010-2014
Table 73: The UK - Retail Outlets and Merchant Accounts (Thousand), 2010-2019

List of Figures
Figure 1: The UK - Payment Instrument Shares by Transaction Value (%), 2010 and 2014
Figure 2: The UK - Payment Instrument Shares by Transaction Volume (%), 2010 and 2014
Figure 3: The UK - E-Commerce Value (US$ Billion) and Payment Types (%)
Figure 4: The UK - Total Population and Structure, 2010-2019
Figure 5: The UK - Economic Indicators, 2010-2019
Figure 6: The UK - Number of ATMs, POS Terminals and Branch Banking Composition, 2010-2019
Figure 7: The UK - Retail Sales and Household Final Consumption Expenditure Per Capita, 2010-2014
Figure 8: The UK - Cards and Payments Industry Segmentation by Card Type, 2015
Figure 9: The UK - Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 2010-2019
Figure 10: The UK - Volume and Value of Payment Card Transactions by Type (%), 2010-2019
Figure 11: The UK - Personal and Commercial Card, Transaction Volumes and Values (%), 2010-2019
Figure 12: The UK - Contactless Cards in Circulation, Transaction Values and Volumes, 2010-2015
Figure 13: The UK - Contactless Transactions: Debit Vs Credit Vs Charge Cards, September 2015
Figure 14: The UK - Total Vs Contactless Terminals (%), 2014 and 2015
Figure 15: The UK - Breakdown of Contactless Transactions (%), April 2015
Figure 16: The UK - Values and Volumes of Contactless Debit, Credit and Charge Card Transactions, 2010-2015
Figure 17: The UK - Growth in Debit Card Transaction Values and Number of Debit Cards in Circulation, 2010-2019
Figure 18: The UK - Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014
Figure 19: The UK - Pay Now, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019
Figure 20: The UK - Debit Card Transaction Volumes and Values by Channel, 2010-2019
Figure 21: The UK - Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2014
Figure 22: The UK - Growth in Credit Card Transaction Values and Number of Credit Cards in Circulation, 2010-2019
Figure 23: The UK - Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014
Figure 24: The UK - Pay Later, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019
Figure 25: The UK - Credit Card Transaction Volumes and Values by Channel, 2010-2019
Figure 26: The UK - Credit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2014
Figure 27: The UK - Growth in Charge Card Transaction Values and Number of Charge Cards in Circulation, 2010-2019
Figure 28: The UK - Charge Card Transaction Volumes and Values by Channel, 2010-2019
Figure 29: The UK - Charge Card Scheme Shares in Terms of Transaction Value (%), 2014
Figure 30: The UK - Number of Commercial Cards in Circulation and Transaction Value, 2010-2019
Figure 31: The UK - Shares of Various Types of Card Fraud in Terms of Transaction Value (%), 2010 and 2014
Figure 32: The UK - Number of Prepaid Cards in Circulation and Transaction Value, 2010-2019
Figure 33: The UK - Merchant Acquiring Transaction Volume and Value, 2010-2019
Figure 34: The UK - Acquirers' Market Share in Terms of Transaction Volume and Value (%), 2014
Figure 35: The UK - Number of Retail Outlets and Total Merchant Accounts (Thousand), 2010-2019

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