Payments Landscape in Poland: Growth, Executive Summary Opportunities and Risks

Posted by deevika on February 27th, 2019

Market Research Hub (MRH) has actively included a new research study titled Payments Landscape in Poland: Opportunities and Risks to 2022 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until forecast period limit; 2022. In addition, a deep analysis of the competitive landscape, including prime market players is also enclosed in this report.

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Payments Landscape in Poland: Opportunities and Risks to 2022

Summary

GlobalDatas "Payments Landscape in Poland: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Polish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, cash, cards, and cheques during the review-period (2014-18e).

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 (2018e-22f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalDatas 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.

This report provides top-level market analysis, information and insights into the Polish cards and payments industry, including - 
- Current and forecast values for each market in the Polish cards and payments industry, including debit, credit, and charge cards.
- Detailed insights into payment instruments including credit transfers, cheques, direct debits, cash, and cards. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Polish cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope

- To foster the adoption of POS terminals among smaller merchants, in January 2018 the Cashless Poland Foundation launched the Cashless Payment Support Program in collaboration with Mastercard, Visa and the Polish Bank Association. As part of the program participating merchants were offered a free POS terminal and fee waiver on payment services for the first 12 months, which was later extended until August 2021. During the first four months of the project, 25,000 POS terminals were installed in 4,000 towns. Furthermore, in August 2018, the Cashless Poland Foundation partnered with KIR (the Polish automated clearing house) to enable contactless payments at public sector institutions.

- To further push the use of contactless payments, the Polish central bank passed a new regulation in May 2018 increasing the contactless payment limit. Effective from Q2 2019, consumers can make contactless payments of up to PLN100 (.71) without needing to enter their PIN. The current limit for contactless payments in Poland is limited to PLN50 (.36). Contactless usage is anticipated to grow further, with major Polish cities now enabling contactless card payments for public transport. In March 2018, an open ticket payment system was implemented in the public transportation vehicles of Wrocaw. The system was launched by Mennica Polska in partnership with First Data, enabling commuters to make payments using their Visa and Mastercard contactless cards. Similar systems were also introduced in smaller cities such as Jaworzno, Rybnik, wiebodzice and d.

 

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