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Switzerland Cards and Payments Opportunities and Risks Report 2020-2024: Government is Taking Additional Steps to Promote Electronic Payments Due to COVID-19 - ResearchAndMarkets.com

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The "Switzerland Cards and Payments - Opportunities and Risks to 2024" report has been added to ResearchAndMarkets.com's offering.

'Switzerland Cards and Payments - Opportunities and Risks to 2024' report provides detailed analysis of market trends in the Swiss cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2016-20e).

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 (2020e-24f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together the publisher's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Scope

  • Due to coronavirus, the government is taking additional steps to promote electronic payments. In June 2020 it introduced the QR-bill payment system to replace traditional invoice payment slips. The Swiss QR Code integrated in the bills contains all the necessary payment information, allowing recipients to simply scan the QR code to make payments via mobile banking apps or internet banking.

  • The majority of payment cards in the country feature contactless functionality. According to data published by the Swiss National Bank, over 90% of credit cards and over 80% of debit cards were contactless-enabled as of June 2020. Amid COVID-19, the contactless payment limit was temporarily increased from CHF40 ($41.33) to CHF80 ($82.66) effective from April 8, 2020.

  • Uptake of alternative payments among Swiss consumers is growing due to the availability of solutions such as Samsung Pay, Apple Pay, and PayPal. In April 2019, Google Pay was launched in Switzerland in collaboration with Cornercard, BonusCard, Swiss Bankers, Revolut, and boon. Meanwhile, Switzerland-based fintech Yapeal launched a mobile wallet in July 2020 in partnership with card-issuing platform Marqeta.

  • The wallet combines a mobile payment platform and banking services in one app. Through the wallet, users can receive an instant digital Visa debit card that can be connected to mobile payment apps such as Google Pay, Samsung Pay, and Apple Pay.

Key Topics Covered:

  1. Payment Instruments

  2. Card-based Payments

  3. E-commerce Payments

  4. Alternative Payments

  5. Payment Innovations

  6. Payments Infrastructure & Regulation

  7. Appendix

Companies Mentioned

  • PostFinance

  • UBS

  • Credit Suisse

  • Migros Bank

  • Corner Card

  • Samsung Pay

  • PayPal

  • Twint

  • Apple Pay

  • Yapeal

  • Google Pay

  • Masterpass

  • Visa

  • Mastercard

  • American Express

  • Diners Club

For more information about this report visit https://www.researchandmarkets.com/r/udwatt

View source version on businesswire.com: https://www.businesswire.com/news/home/20201020005652/en/

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