PROSPECTS AND OPPORTUNITIES
Charge cards will benefit as a result of the withdrawal of credit cards
With the withdrawal of traditional credit cards from the Dutch market, as most credit cards will be converted to charge cards, a strong increase in the number of charge cards, as well as transactions, is expected. Indeed, many consumers who previously relied on credit cards are likely to conintue to use charge cards in a similar way.
Charge cards likely to remain a niche due to developments in other areas
Inclusive and regardless of the prospects seen for charge cards, such cards are likely to remain a niche due to developments in other areas of financial cards and payments. In the Netherlands, iDEAL is the dominant online payment method, favoured by consumers and merchants alike for its convenience, security, and low transaction costs.
High costs of charge cards put negative pressure on growth prospects
Charge cards in the Netherlands often come with annual fees ranging from EUR20 to EUR60. These costs can be a deterrent for consumers, particularly when compared to debit cards, which generally do not have such fees.
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Overview:
Understand the latest market trends and future growth opportunities for the Charge Card Transactions industry in Netherlands with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Charge Card Transactions industry in Netherlands, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Charge Card Transactions in Netherlands report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Charge Card Transactions in Netherlands?
- What are the major trends key to understanding Charge Card Transactions in Netherlands?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Charge Cards in the Netherlands - Category analysis
Charge Cards in the Netherlands - Company Profile
KEY DATA FINDINGS
Charge cards are a relatively niche payment method
Increased incentives for card users drives potential for growth
ICS-issued cards can make use of Apple Pay – will this extend to charge cards?
Charge cards will benefit as a result of the withdrawal of credit cards
Charge cards likely to remain a niche due to developments in other areas
High costs of charge cards put negative pressure on growth prospects
Credit Cards in the Netherlands - Category analysis
Credit Cards in the Netherlands - Company Profile
KEY DATA FINDINGS
Credit cards face extinction due to withdrawal of the “Gespreid Betalen Faciliteit” in 2024
Credit card withdrawal shows broader concern with consumer credit, especially revolving credit
Growth of credit cards was boosted for a time by e-commerce and the return of international travel
Credit cards will become extinct over the forecast period
Debit Cards in the Netherlands - Category analysis
Debit Cards in the Netherlands - Company Profile
KEY DATA FINDINGS
Continued increase in use of debit cards, although cash remains popular
Public transport payment developments help to boost debit card growth
Banks switch to Mastercard and Visa debit, away from Maestro and V Pay
Direct debit cards will be further boosted by e-commerce use over the forecast period
Demand for commercial debit cards expected to grow
Popularity of digital wallets will also boost debit card growth
Pre-Paid Cards in the Netherlands - Category analysis
Pre-Paid Cards in the Netherlands - Company Profile
KEY DATA FINDINGS
Pre-paid transport card OV-chipkaart faces competition from new OV Pay system
Gift cards remain popular, for both personal and professional use
Open loop pre-paid cards see limited growth
OV Pay to become the primary payment method for public transport
Open loop pre-paid cards to become obsolete category
Gift cards to see continued growth due to flexibility, convenience and online options
Financial Cards and Payments in the Netherlands - Industry Overview
Financial cards and payments in 2024: The big picture
2024 key trends
Payments in public transport become more streamlined
Competitive landscape
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Charge Card Transactions
- Commercial Charge Card Transactions
- Personal Charge Card Transactions
Charge Card Transactions
A charge card (sometimes referred to as a Travel and Entertainment card) shares the “pay later” component with credit cards. However, charge card balances normally have to be paid off monthly and do not attract interest charges. Charge cards typically possess high (or even no) pre-set spending limits and may carry a high annual fee. Payments are tracked based on the country of residence / account issuance and include outbound spend while excluding inbound spend.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Charge Card Transactions research and analysis database.
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