Luxembourgs Cards and Payments Industry: Emerging Opportunities, Trends, Size

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Luxembourgs Cards and Payments Industry Emerging
Opportunities, Trends, Size
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Synopsis

• ? Like other EU countries, Luxembourg's economy
  was damaged by the 2009 global economic crisis.
  Following strong economic growth from 2004
  onwards, Luxembourg's economic growth contracted
  by 5.6 in 2009, but recovered gradually from
  2010 onwards.
• ? Economic turmoil in the global financial
  markets and lower demand during the peak of the
  recession prompted the government to inject
  capital into the financial services sector and
  implement stimulus measures to boost the economy.
• ? A favorable tax regime coupled with
  bank-privacy legislation enabled the financial
  services sector, especially the banking and
  insurance sectors, to become the growth leader.
• ? Consequently, Luxembourg's cards and payments
  industry thrived during the review period
  (2009-2013), which is anticipated to continue
  over the forecast period (2014-2018).
• Access The Full Report On http//www.bigmarketres
  earch.com/luxembourgs-cards-and-payments-industry-
  emerging-opportunities-trends-size-drivers-strateg
  ies-products-and-competitive-landscape-market
•  

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Scope
Scope This report provides a comprehensive
analysis of Luxembourg's cards and payments
industry. ? It provides current values for
Luxembourg's cards and payments industry for
2013, and forecast figures for 2018. ? It details
the different economic, infrastructural and
business drivers affecting Luxembourg's 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 Luxembourg's cards and payments
industry.  
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Summary
Summary The report provides top-level market
analysis, information and insights into
Luxembourg's cards and payments industry,
including   ? Current and forecast values for
each category of Luxembourg's cards and payments
industry, including debit cards, credit cards and
prepaid cards ? Comprehensive analysis of the
industry's market attractiveness and future
growth areas ? Analysis of various market drivers
and regulations governing Luxembourg's cards and
payments industry ? Detailed analysis of
marketing strategies adopted for selling debit,
credit and prepaid cards used by banks and other
institutions in the market ? Comprehensive
analysis of consumer attitudes and buying
preferences for cards ? The competitive landscape
of Luxembourg's cards and payments industry  
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Key Highlights
? In 2013, credit transfer was the preferred
payment instrument, having a substantial industry
share of 98.1, in terms of transaction value,
while payment cards accounted for just a 0.5
share. The use of cash is continuously decreasing
due to a growing preference for electronic
payment methods, resulting in cash's share being
halved during the review period, down from 1.5
in 2009 to 0.7 in 2013.   ? In terms of the
number of cards in circulation, Luxembourg's
payment cards (including debit and credit cards)
registered a positive growth during the review
period, recording a significant compound annual
growth rate (CAGR) of 23.14, increasing from
992,348 cards in 2009 to 2.3 million in 2013. In
terms of transaction value, payment cards valued
EUR10.2 billion (US13.5 billion) in 2013, after
registering a review-period CAGR of 10.60.
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Table of Contents
1 Key Facts and Top Events 2 Executive Summary 3
Payment Instruments 4 Market Attractiveness and
Future Prospects of Cards and Payments 5 Analysis
of Cards and Payments Industry Drivers 6 Emerging
Consumer Attitudes and Trends 7 Payment Cards 8
Debit Cards 9 Credit Cards 10 Commercial Cards 11
Regulations in the Cards and Payments Industry 12
Card Fraud Statistics 13 Card Issuers 14 Card
Schemes 15 Prepaid Cards 16 Appendix To Get More
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