PROSPECTS AND OPPORTUNITIES
Outlook for debit cards remains bright
Debit cards looks set to see volume and current value transactions rise at healthy rates throughout the forecast period, while circulation numbers are predicted to grow at a more modest but still robust pace. The category will remain a key beneficiary of migration away from cash and the increasing embrace of card-based and digital payment solutions in Italy, as these products are easily accessible, convenient and enjoy high levels of public trust in terms of security.
Debit card usage will underpin further adoption of contactless and digital payments
Because they are more widely used than other types of financial cards, debit cards will continue to play a central role in driving the adoption and evolution of contactless and digital payments in Italy over the forecast period. Investment in the modernisation of ticketing systems across the country’s public transport networks will remain highly influential in encouraging more consumers to use debit cards for contactless payments and strengthening public confidence in the security of this method.
Debit card services aimed at travellers likely to have strong growth potential
Given Italy’s global appeal as a travel destination and the fact that it still lags somewhat behind many other markets when it comes to the adoption of card-based and digital payments, inbound tourism should remain an important driver of growth in volume and current value transactions within debit cards over the forecast period. Accordingly, issuers and network operators will continue working to make it easier and less costly for visiting tourists to use debit cards in the country.
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Overview:
Understand the latest market trends and future growth opportunities for the Debit Card Transactions industry in Italy 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 Debit Card Transactions industry in Italy, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Debit Card Transactions in Italy 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 Debit Card Transactions in Italy?
- What are the major trends key to understanding Debit Card Transactions in Italy?
- 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 Italy - Category analysis
Charge Cards in Italy - Company Profile
KEY DATA FINDINGS
Italian consumers and businesses still favour charge cards over credit cards
Charge cards increasingly used for contactless transactions
Digital payments via charge cards continue to rise
Healthy growth in transactions and circulation numbers projected for charge cards
Leading issuers expected to increase investment in digitalisation strategies
Expansion of POS infrastructure will continue to boost contactless transactions
Credit Cards in Italy - Category analysis
Credit Cards in Italy - Company Profile
KEY DATA FINDINGS
Growth in transactions remains robust even as card numbers continue to decline
Commercial credit cards outperforms the personal category in volume growth terms
Innovative payment solutions help to boost credit card usage
Use of personal credit cards will continue rising despite falling circulation numbers
Digitalisation trend set to gain momentum
Commercial category will remain a focal point for investment among issuers
Debit Cards in Italy - Category analysis
Debit Cards in Italy - Company Profile
KEY DATA FINDINGS
Growth in use of debit cards remains robust despite slowdown
Digital payments via debit cards continue to increase strongly
Issuers and operators work to improve sustainability and inclusivity credentials
Outlook for debit cards remains bright
Debit card usage will underpin further adoption of contactless and digital payments
Debit card services aimed at travellers likely to have strong growth potential
Pre-Paid Cards in Italy - Category analysis
Pre-Paid Cards in Italy - Company Profile
KEY DATA FINDINGS
Open loop category continues to dominate pre-paid cards
Modernisation of public transport fare systems reduces need for closed loop cards
Competitive strategies increasingly shaped by inclusivity and sustainability concerns
Fortunes of open loop and closed loop categories will continue to diverge
Digitalisation trend will remain highly visible in open loop pre-paid cards
Issuers expected to intensify efforts to reduce their environmental footprint
Store Cards in Italy - Category analysis
Store Cards in Italy - Company Profile
KEY DATA FINDINGS
Use of store cards in Italy is in long-term decline
Average spend per store card transaction continues to shrink
Carrefour and Esselunga remain the leading issuers
Outlook for store cards remains poor
Development of more flexible products and services could help to boost usage levels
Digitalisation likely to be a key area for investment
Financial Cards and Payments in Italy - Industry Overview
Financial cards and payments in 2024: The big picture
Contactless payments via cards, digital wallets and wearables increasingly favoured
Digitalisation remains a focal point for investment and innovation
Competitive landscape
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Debit Card Transactions
- Commercial Debit Card Transactions
- Personal Debit Card Transactions
Debit Card Transactions
Debit cards merge the functionality of both an ATM card and direct payment from a bank account (a check substitute in some markets). A debit card allows the cardholder to receive cash and monitor account activity at an ATM machine, as well as pay for goods and services via a point-of-sale terminal. A debit card payment transaction involves the automatic withdrawal of funds from the cardholder’s demand deposit bank account (checking or giro). Since the funds are removed from a bank account, no interest is charged on payments. 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
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This report originates from Passport, our Debit Card Transactions research and analysis database.
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