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Consumer Payments Country Snapshot: Norway 2016

Consumer Payments Country Snapshot: Norway 2016

  • October 2016
  • 38 pages
  • ID: 4221580
In this report:
As with pay-now cards, average spend per transaction is expected to fall year on year over the same period, but at a much quicker rate - a CAGR of -##% is forecast.
Spend per transaction also declined over the same period and is expected to continue falling, with a CAGR of -##.##% over the forecast period.


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The card reigns supreme in Norway (NO), with only 6.0 percent of the population using cash on a daily basis and most possessing a minimum of two payment cards. And although the sector is one of the most mature in the world, farther growth is expected for both pay-now and pay-later cards.

Main highlights

- Nearly half of all credit card balances are revolved each month. Income from balance-related interest and fees make the industry profitable, as does the low churn rate.

- Online shopping is well established in Norway (NO), and the NOK112bn spent in 2015 is set to double over the next five years.

- The rollout of contactless and NFC-enabled payment terminals has been slow in Norway, but consumers are interested in the technology - they just don't know where it can be used.


Verdict Financial's "Consumer Payments Country Snapshot: Norway 2016" report examines the consumer payments market in Norway (NO), considering payment cards, online payments, P2P payments, and newer payment technologies including mobile wallets and contactless. This industry report also examines the regulations in force in the sector that players must comply with, and how these have changed in new years.

- Examines consumer attitudes to financial services by life stage.

- Examines the main payment card types in terms of both card holding and usage

- Determines the main competitors in card issuing and how their position in the industry has changed over the final five years

- Considers consumer attitudes towards prepaid cards, P2P tools, mobile payment tools, and contactless cards, and how firms in Norway (NO) are deploying these tools to meet customer needs

- Explores the online payment market in Norway (NO) by merchant type and payment tool, as well as providing a 5-year forecast for the development of the market.

- Considers the regulations affecting the payments market and how they are likely to affect both incumbents and disruptors.

Great reasons to purchase

- Comprehend the top facts and figures in the consumer payments market in Norway (NO).

- Learn what forecasts drive consumer behavior at the macro level and plan your strategy accordingly.

- Find out what products the main competitors are launching in the sector.

- Discover consumer sentiment towards different payment tools in the Norwegian market and use this knowledge to inform product design.

- Learn about the main regulatory requirements affecting Norwegian payments players and any new or imminent changes to those requirements.

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