Opportunities and Risks of Cards and Payments in Ireland to 2025: Domestic and Overseas Merchants Enter the Irish E-Commerce Space to Benefit from Market Growth

DUBLIN, March 09, 2022–(BUSINESS WIRE)–The “Irish Cards and Payments – Opportunities and Risks to 2025” report has been added to from ResearchAndMarkets.com offer.

The report provides a detailed analysis of market trends in the Irish cards and payments industry. It provides values ​​and volumes for a number of key industry performance indicators including cards, cash, transfers, direct debits and checks over the reporting period (2017-21e).

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 base period and the forecast period (2021st -25f). It also offers information on the country’s competitive landscape, including transmitter and system market shares.

The report brings together the publisher’s research, modeling and analytical expertise to enable banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in the regulatory structure.

This report provides high-level market analysis, insights and insights into the Irish Cards and Payments industry, including –

  • Current and forecast values ​​for each market in the Irish cards and payments industry, including debit and credit cards

  • Detailed information on payment instruments, including cards, cash, transfers, direct debits and checks. It also includes an overview of the main alternative payment instruments in the country.

  • E-commerce market analysis.

  • Analysis of the various market drivers and regulations governing the Irish cards and payments industry.

  • Detailed analysis of the strategies adopted by banks and other institutions to market debit and credit cards.

  • Comprehensive analysis of consumer attitudes and purchasing preferences for cards

  • The Competitive Landscape of the Irish Cards and Payments Industry

Report scope

  • Digital-only banks are driving competition in banking, helping to drive debit card ownership. In November 2020, German mobile-only bank N26 launched the N26 Smart Account across Europe, including Ireland. N26 Smart is a premium account that comes with a Mastercard debit card and offers benefits such as dedicated phone support and up to five free ATM withdrawals per month. Revolut also operates in the country, with a user base of over 1.3 million as of May 2021.

  • Awareness and usage of contactless payment cards is high in Ireland, with the number of contactless payment cards growing from 5.2 million in 2017 to 6.9 million in 2021 at a CAGR of 7.3%. This figure is expected to reach 7.9 million by 2025. Amid the COVID-19 outbreak, contactless payments are growing at a rapid pace. According to BPFI, daily contactless payment volumes increased to 2.1 million per day in December 2020, surpassing the previous peak of 2.01 million in September 2020, while daily values ​​increased to 36.5 million. euros ($44.6 million) over the same period.

  • Both domestic and overseas merchants are entering the Irish e-commerce space to benefit from market growth. In September 2021, Danish retailer Flying Tiger launched its online shopping platform in Ireland. In May 2021, Dunnes Stores launched its new payment app, allowing Dunnes customers to shop online, check their rewards points, receive offers and store digital versions of vouchers. Meanwhile, fashion retailer Penneys will launch its online shopping platform in 2022.

Main topics covered:

Companies cited

  • BAI

  • A position

  • Bank of Ireland

  • Bankinter

  • permanent TSB

  • Bank of Ulster

  • Visa

  • MasterCard

  • PayPal

  • Google Pay

  • Pay Apple

  • Amazon payment

  • paysafecard

  • Click to pay

For more information on this report, visit https://www.researchandmarkets.com/r/y3d8hz

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20220309005594/en/


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