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Luxembourg Cards and Payments Market Report-Key Players Analysis, Growth Factors, Industry Opportunities and Outlook 2023

Luxembourg Cards and Payments Market Report analysis 2021-2027 presents a complete assessment of the market and comprises future trends, current growth factors, attentive opinions, facts, historical information, and forecasts. This Luxembourg Cards and Payments Market is defined with its related details such as product types, business overview, sales, manufacturers, applications, and other specifications. It provides a systematic approach to the current and prospective scenario of the global regions. Detailed information of the Luxembourg Cards and Payments Market Report growth rate, technological innovations, and key strategies implemented by the main leading industry players.

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Top Company Profile Analysis in this Report

SBanque et Caisse d’Epargne de l’Etat

BNP Paribas

BIL

Banque de Luxembourg

Apple Pay

PayPal

Visa

Mastercard

American Express

Luxembourg Cards and Payments Market Report provides detailed analysis of market trends in the Luxembourg’s cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, cheques, and direct debits during the review-period (2015-19e).

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 (2019e-23f). It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.

The report brings together RNR 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 and recent changes in regulatory structure.

Luxembourg Cards and Payments Market Report provides top-level market analysis, information and insights into the Luxembourg’s cards and payments industry, including –
– Current and forecast values for each market in the Luxembourg’s cards and payments industry, including debit and credit cards.
– Detailed insights into payment instruments including cash, cards, credit transfers, cheques, and direct debits. 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 the Luxembourg’s cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit and credit.

Scope of this Report-
– With the growing preference for contactless payments, banks are introducing various contactless payment tools. In January 2020, BIL launched its support for Apple Pay, allowing its credit and debit card holders to make contactless payments using their mobile devices. BCEE made Apple Pay available for its customers in November 2019. In March 2019, major banks BIL, BCEE, Raiffeisen Bank, and BNP Paribas launched their support for contactless payments via Garmin and Fitbit wearable devices. Customers holding credit cards from any of these four banks can make contactless payments via any compatible Garmin or Fitbit wearable device.
– The government is pushing e-commerce adoption among SMEs through several initiatives, including the Luxembourg Internet Days event conducted in November 2019. Previously, the Ministry of the Economy launched national e-commerce marketplace letzshop.lu in September 2017, enabling Luxembourg’s merchants to sell their goods online. Meanwhile, physical retailers are increasingly introducing online stores in Luxembourg. In February 2019, IKEA launched its online store in the country, while COS, Weekday, Monki, and Arket – fashion brands owned by H&M Group – launched their respective online stores in the country in May 2020.
– To benefit from the growing preference for alternative payments, banks and payment service providers are launching new payment solutions. In May 2019, Apple launched its digital wallet solution Apple Pay in Luxembourg. The solution enables users to make in-store, online, and in-app payments. Users can add cards to the wallet by scanning them with their phone’s camera or by entering the details manually. Digicash is another popular mobile payment service in Luxembourg. The solution allows users to make in-store, online, and in-app payments as well as fund transfers using their mobile phone. It is offered by the country’s five major banks: BNP Paribas, BCEE, BIL, ING Bank, and POST Luxembourg

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

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Table of Contents
Card-based Payments
E-commerce Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix

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