ReportsWeb- Payments Landscape in France-Opportunities and Ris | Página 3

Payments Landscape in France-Opportunities and Risks to 2021 -The introduction of maintenance fees on savings and current accounts by major banks is anticipated to increase competition in the French debit card market. With profit margins shrinking and interest rates low, banks have made moves to introduce account fees. BNP Paribas introduced a 2.50 ($2.60) basic account fee in November 2015. BNP Paribas, Société Générale, and Caisse d'Epargne Île-de-France introduced current account fees of 15-30 ($15.80-31.60), and La Banque Postale raised account fees from 4.20 ($4.40) to 6.20 ($6.50). -To drive the adoption of contactless cards, the government increased the limit on contactless transactions from 20 ($21) to 30 ($31.60) effective from October 2017. Contactless payments, first introduced in France in 2012, have met with widespread acceptance among French consumers. According to Observatoire de la Sécurité des Moyens de Paiement, a national body intended to exchange information related to the security of cashless payments, a total of 628.5 million contactless payments were made in France in 2016, accounting for 6.5bn ($6.8bn). The average transaction value for contactless payments was 12.50 ($13.20) in 2016. The increased contactless transaction limit is expected to further increase average transaction value for contactless transactions during the forecast period. Inquire for Report@ http://www.reportsweb.com/inquiry&RW00011254647/buying Reasons to buy: -Make strategic business decisions, using top-level historic and forecast market data, related to the French cards and payments industry and each market within it. -Understand the key market trends and growth opportunities in the French cards and payments industry. -Assess the competitive dynamics in the French cards and payments industry. -Gain insights into marketing strategies used for various card types in France. -Gain insights into key regulations governing the French cards and payments industry. Contact Us : [phone] | E-Mail : [email protected]