Netherlands Cards and Payments Market Share and industry report by 2022

Posted by miky santhosh on May 15th, 2018

Netherlands cards and payments market Overview

The Netherlands cards and paymentsmarket rapid growth and the increasing competition in the cards and payments market of the Netherlands has forced the cards issuers and banks to offer attractive products for the retaining of consumers. The increasing applications of secured payment portals has boosted the confidence of the public in the use of payment cards and has positively impacted the development of the market. The rise of the online retail and travel sector have also augmented the growth of this market in the country.

The Netherlands cards and payments market was dominated by the prepaid cards segment, closely followed by the segment of debit cards. The smallest share of the market was held by the charge cards segment. The number of debit cards in circulation if expected to further increase during the forecast period whereas the charge cards segment is projected to grow at the highest CAGR during the forecast period. The implementation of the EMV standards, and the growth of the e-commerce and m-commerce segments are the major factors contributing to the growth of the market.

To know more read: https://www.marketdataforecast.com/market-reports/Netherlands-Cards-and-Payments-Market-6930/