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The emergence of COVID-19 in France and the subsequent lockdown measures introduced in March in an attempt to control the spread of the virus had a profound negative impact on financial cards and payments in 2020, in terms of the number of cards in circulation, and overall transaction value as price-sensitive consumers hard hit by rising unemployment levels (particularly those in service industries such as tourism and foodservice) and decreasing disposable incomes reduced overall spending. Follo...
Euromonitor International's Financial Cards and Payments in France report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
Get a detailed picture of the Financial Cards and Payments market; Pinpoint growth sectors and identify factors driving change; Understand the competitive environment, the market's major players and leading brands; Use five-year forecasts to assess how the market is predicted to develop.TABLE OF CONTENTS
List OF CONTENTS AND TABLES
EXECUTIVE SUMMARY
COVID-19 impact on consumer payments
COVID-19 country impact
Limit on spending through contactless smart cards raised in response to pandemic while government comes to aid of businesses and employees suffering as a result of lockdown
Limited innovation from banks during pandemic but mobile m-commerce and online payments through financial cards increase
Mastercard and Visa make great efforts to gain share from dominant operator Groupement des Cartes Bancaires through strategic partnerships
What next for consumer payments?
MARKET INDICATORS
Table 1 Number of POS Terminals: Units 2015-2020 Table 2 Number of ATMs: Units 2015-2020 Table 3 Value Lost to Fraud 2015-2020 Table 4 Card Expenditure by Location 2020 Table 5 Financial Cards in Circulation by Type: % Number of Cards 2015-2020 Table 6 Domestic versus Foreign Spend 2020MARKET DATA
Table 7 Financial Cards by Category: Number of Cards in Circulation 2015-2020 Table 8 Financial Cards by Category: Number of Accounts 2015-2020 Table 9 Financial Cards Transactions by Category: Value 2015-2020 Table 10 Financial Cards by Category: Number of Transactions 2015-2020 Table 11 Consumer Payments by Category: Value 2015-2020 Table 12 Consumer Payments by Category: Number of Transactions 2015-2020 Table 13 M-Commerce by Category: Value 2015-2020 Table 14 M-Commerce by Category: % Value Growth 2015-2020 Table 15 Financial Cards: Number of Cards by Issuer 2015-2019 Table 16 Financial Cards: Number of Cards by Operator 2015-2019 Table 17 Financial Cards: Card Payment Transactions Value by Operator 2015-2019 Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019 Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025 Table 20 Forecast Financial Cards by Category: Number of Accounts 2020-2025 Table 21 Forecast Financial Cards Transactions by Category: Value 2020-2025 Table 22 Forecast Financial Cards by Category: Number of Transactions 2020-2025 Table 23 Forecast Consumer Payments by Category: Value 2020-2025 Table 24 Forecast Consumer Payments by Category: Number of Transactions 2020-2025 Table 25 Forecast M-Commerce by Category: Value 2020-2025 Table 26 Forecast M-Commerce by Category: % Value Growth 2020-2025DEFINITIONS
DISCLAIMER
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
SOURCES
Summary 1 Research SourcesKEY DATA FINDINGS
2020 IMPACT
Initial panic buying and concerns over coming into contact with virus support usage of debit cards over cash but average spend per transaction set to continue to decline over 2020
Contactless smart cards gain notable share following advice from World Health Organization, resulting in limit on payment amount made using this technology being raised in 2020
Share gain for issuers with online subsidiaries, while Mastercard and Visa also gain marginal ground despite Cartes Bancaires remaining as dominant operator in 2019
RECOVERY AND OPPORTUNITIES
Personal debit cards set to continue to decline in circulation but number of transactions set to surpass pre-pandemic levels as consumers make more frequent smaller payments
Strengthening security in terms of both physical and online payments will be area of focus for many players
Online issuers with competitive features likely to attract increasing number of consumers
CATEGORY DATA
Table 27 Debit Cards: Number of Cards in Circulation 2015-2020 Table 28 Debit Cards Transactions 2015-2020 Table 29 Debit Cards in Circulation: % Growth 2015-2020 Table 30 Debit Cards Transactions: % Growth 2015-2020 Table 31 Debit Cards: Number of Cards by Issuer 2015-2019 Table 32 Debit Cards: Number of Cards by Operator 2015-2019 Table 33 Debit Cards Payment Transaction Value by Issuer 2015-2019 Table 34 Debit Cards Payment Transaction Value by Operator 2015-2019 Table 35 Forecast Debit Cards: Number of Cards in Circulation 2020-2025 Table 36 Forecast Debit Cards Transactions 2020-2025 Table 37 Forecast Debit Cards in Circulation: % Growth 2020-2025 Table 38 Forecast Debit Cards Transactions: % Growth 2020-2025KEY DATA FINDINGS
2020 IMPACT
Saving habits of the French during times of crisis negatively impact usage of credit cards, with the pandemic and lockdown resulting in declines across the category
Distrust amongst local consumers towards credit cards restricts further potential to attract new users
Mastercard and Visa continue to gain ground through partnerships with major retailers but Groupement des Cartes Bancaires remains dominate operator
RECOVERY AND OPPORTUNITIES
Slow recovery predicted for credit cards but transaction value unlikely to reach pre-pandemic levels by the end of the forecast period
Greater switch away from revolving credit may emerge over forecast period
Disruptive online-only players could offer further competition over the forecast period
CATEGORY DATA
Table 39 Credit Cards: Number of Cards in Circulation 2015-2020 Table 40 Credit Cards Transactions 2015-2020 Table 41 Credit Cards in Circulation: % Growth 2015-2020 Table 42 Credit Cards Transactions: % Growth 2015-2020 Table 43 Personal Credit Cards: Number of Cards in Circulation 2015-2020 Table 44 Personal Credit Cards Transactions 2015-2020 Table 45 Personal Credit Cards in Circulation: % Growth 2015-2020 Table 46 Personal Credit Cards Transactions: % Growth 2015-2020 Table 47 Credit Cards: Number of Cards by Issuer 2015-2019 Table 48 Credit Cards: Number of Cards by Operator 2015-2019 Table 49 Credit Cards Payment Transaction Value by Issuer 2015-2019 Table 50 Credit Cards Payment Transaction Value by Operator 2015-2019 Table 51 Personal Credit Cards: Number of Cards by Issuer 2015-2019 Table 52 Personal Credit Cards: Number of Cards by Operator 2015-2019 Table 53 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019 Table 54 Personal Credit Cards Payment Transaction Value by Operator 2015-2019 Table 55 Forecast Credit Cards: Number of Cards in Circulation 2020-2025 Table 56 Forecast Credit Cards Transactions 2020-2025 Table 57 Forecast Credit Cards in Circulation: % Growth 2020-2025 Table 58 Forecast Credit Cards Transactions: % Growth 2020-2025 Table 59 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025 Table 60 Forecast Personal Credit Cards Transactions 2020-2025 Table 61 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025 Table 62 Forecast Personal Credit Cards Transactions: % Growth 2020-2025KEY DATA FINDINGS
2020 IMPACT
Commercial charge cards hit hardest by pandemic and restricted travel linked to business activity
Personal charge cards sees ongoing usage in 2020 but average spend per transaction declines
Groupement des Cartes Bancaires remains dominant operator of charge cards in France but competitors are gaining acceptance amongst rising number of merchants
RECOVERY AND OPPORTUNITIES
Despite positive outlook, commercial charge cards unlikely to recover to pre-pandemic levels in terms of value due to short-term reluctance to travel for business
Recovery for personal charge cards but average spend per transaction set to continue declining over forecast period
Players offering commercial charge cards linked to travel likely to struggle into 2021
CATEGORY DATA
Table 63 Charge Cards: Number of Cards in Circulation 2015-2020 Table 64 Charge Cards Transactions 2015-2020 Table 65 Charge Cards in Circulation: % Growth 2015-2020 Table 66 Charge Cards Transactions: % Growth 2015-2020 Table 67 Commercial Charge Cards: Number of Cards in Circulation 2015-2020 Table 68 Commercial Charge Cards Transactions 2015-2020 Table 69 Commercial Charge Cards in Circulation: % Growth 2015-2020 Table 70 Commercial Charge Cards Transactions: % Growth 2015-2020 Table 71 Personal Charge Cards: Number of Cards in Circulation 2015-2020 Table 72 Personal Charge Cards Transactions 2015-2020 Table 73 Personal Charge Cards in Circulation: % Growth 2015-2020 Table 74 Personal Charge Cards Transactions: % Growth 2015-2020 Table 75 Charge Cards: Number of Cards by Issuer 2015-2019 Table 76 Charge Cards: Number of Cards by Operator 2015-2019 Table 77 Charge Cards Payment Transaction Value by Issuer 2015-2019 Table 78 Charge Cards Payment Transaction Value by Operator 2015-2019 Table 79 Commercial Charge Cards: Number of Cards by Issuer 2015-2019 Table 80 Commercial Charge Cards: Number of Cards by Operator 2015-2019 Table 81 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019 Table 82 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019 Table 83 Personal Charge Cards: Number of Cards by Issuer 2015-2019 Table 84 Personal Charge Cards: Number of Cards by Operator 2015-2019 Table 85 Personal Charge Cards Transaction Value by Issuer 2015-2019 Table 86 Personal Charge Cards Transaction Value by Operator 2015-2019 Table 87 Forecast Charge Cards: Number of Cards in Circulation 2020-2025 Table 88 Forecast Charge Cards Transactions 2020-2025 Table 89 Forecast Charge Cards in Circulation: % Growth 2020-2025 Table 90 Forecast Charge Cards Transactions: % Growth 2020-2025 Table 91 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025 Table 92 Forecast Commercial Charge Cards Transactions 2020-2025 Table 93 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025 Table 94 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025 Table 95 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025 Table 96 Forecast Personal Charge Cards Transactions 2020-2025 Table 97 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025 Table 98 Forecast Personal Charge Cards Transactions: % Growth 2020-2025KEY DATA FINDINGS
2020 IMPACT
Significant decline noted for pre-paid cards during lockdown but open loop had already been losing popularity prior to pandemic
Dominant closed loop influences overall category performance in 2020
Making notable gains in 2019, Edenred, like many other issuers, is likely to be impacted by pandemic with reduced demand for gift and meal vouchers
RECOVERY AND OPPORTUNITIES
Recovery predicted for pre-paid cards, driven by closed loop but average spend per transaction will remain lower than pre-pandemic
Despite increasing adoption by merchants and tech-savvy consumers, digital payment solutions for transport and meal vouchers will lag due to preference for physical cards
While gift cards is likely to see slow recovery, demand for open loop pre-paid cards is predicted to further decline
CATEGORY DATA
Table 99 Pre-paid Cards: Number of Cards in Circulation 2015-2020 Table 100 Pre-paid Cards Transactions 2015-2020 Table 101 Pre-paid Cards in Circulation: % Growth 2015-2020 Table 102 Pre-paid Cards Transactions: % Growth 2015-2020 Table 103 Closed Loop Pre-paid Cards Transactions 2015-2020 Table 104 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020 Table 105 Open Loop Pre-paid Cards Transactions 2015-2020 Table 106 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020 Table 107 Pre-paid Cards: Number of Cards by Issuer 2015-2019 Table 108 Pre-paid Cards: Number of Cards by Operator 2015-2019 Table 109 Pre-paid Cards Transaction Value by Issuer 2015-2019 Table 110 Pre-paid Cards Transaction Value by Operator 2015-2019 Table 111 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019 Table 112 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019 Table 113 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019 Table 114 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019 Table 115 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019 Table 116 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019 Table 117 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019 Table 118 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019 Table 119 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025 Table 120 Forecast Pre-paid Cards Transactions 2020-2025 Table 121 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025 Table 122 Forecast Pre-paid Cards Transactions: % Growth 2020-2025 Table 123 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025 Table 124 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025 Table 125 Forecast Open Loop Pre-paid Cards Transactions 2020-2025 Table 126 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025KEY DATA FINDINGS
2020 IMPACT
Waning interest in store cards prior to emergence of pandemic due to increasing preference for co-branded credit cards
Lockdown reduces opportunity to use store cards in non-essential retailers, exacerbating decline of the category in 2020
Fairly consolidated competitive landscape with share gains for Credit Agricole prior to emergence of pandemic
RECOVERY AND OPPORTUNITIES
Ongoing declines for store cards as the French display greater levels of selectiveness in terms of payment options
Greater focus on shifting consumers' attention towards co-branded credit cards
Potential to further explore possibilities of store cards linked to digital wallets
CATEGORY DATA
Table 127 Store Cards: Number of Cards in Circulation 2015-2020 Table 128 Store Cards Transactions 2015-2020 Table 129 Store Cards in Circulation: % Growth 2015-2020 Table 130 Store Cards Transactions: % Growth 2015-2020 Table 131 Store Cards: Number of Cards by Issuer 2015-2019 Table 132 Store Cards: Payment Transaction Value by Issuer 2015-2019 Table 133 Forecast Store Cards: Number of Cards in Circulation 2020-2025 Table 134 Forecast Store Cards Transactions 2020-2025 Table 135 Forecast Store Cards in Circulation: % Growth 2020-2025 Table 136 Forecast Store Cards Transactions: % Growth 2020-2025