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Luxembourgs Cards and Payments Industry: Emerging Opportunit

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 Read more details at: http://www.bigmarketresearch.com/luxembourgs-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape-market

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Luxembourgs Cards and Payments Industry: Emerging Opportunit

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

  2. 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.bigmarketresearch.com/luxembourgs-cards-and-payments-industry-emerging-opportunities-trends-size-drivers-strategies-products-and-competitive-landscape-market

  3. 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.

  4. 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

  5. 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 (US$13.5 billion) in 2013, after registering a review-period CAGR of 10.60%.

  6. 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 Details Enquire @ http://www.bigmarketresearch.com/report-enquiry/178726

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