Table of Contents
- Overview
- Executive Summary
- Introduction
- Market context
- Competitor and product overview
- Forecasting the payment card market in France
- Table of Contents
- Table of figures
- Table of tables
- Introduction
- What is this report about?
- Scope of the report
- Structure of report
- Market Context
- Introduction
- Country overview
- Demographics
- Economy
- GDP
- Inflation
- Distribution of income (GINI Coefficient)
- Segmentation of liquid assets
- Unemployment
- Market size
- Payment cards in the context of consumer payments
- Payment card statistics
- Penetration of cards
- Number of cards in issue
- Number of transactions
- Value of transactions
- Card acceptance
- ATM statistics
- POS statistics
- Regulatory environment
- Structure of French retail banking
- Commercial banks
- Mutual and co-operative banks
- Municipal credit banks (Caisses de Crédit municipal)
- There are only 20 municipal credit banks in France
- The French banking structure is more complex than it seems
- The hybrid structure means that the differentiation between
commercial and mutual banks is blurring
- Finance houses are important players in the retail financial market
- Other players in the retail banking market
- Creation of a postal bank
- Regulation of French retail banking
- Regulatory bodies
- Banque de France
- Commission Bancaire
- The Credit Institutions and Investments Firms Committee (CECEI)
- The Banking and Financial Regulatory Committee (CRBF)
- Banking associations
- Groupement des Cartes Bancaires (CB)
- AssociationFrançaise des Etablissements de Crédit et des
Entreprises d' Investissements (AFECEI)
- Association Française des Sociétés Financières (ASF)
- Fédération Bancaire Française (FBF)
- Other noteworthy associations
- Association Française des Banques (AFB)
- Conseil National du Crédit et du Titre (advisory bodies)
- Comité Consultatif
- Credit bureaus
- Regulatory issues in the market
- European Consumer Credit Directive (CCD)
- Despite being well intentioned, there are key problems with the
directive
- Key issues
- SEPA
- After missing the original deadline, banks have agreed a new SEPA
start date
- The French SEPA Committee is overseeing the migration to the
European framework
- EMV and fraud
- France: aligning with the international standard
- EMV migration in France
- The EMV migration in France is another success story
- Competitor and Product overview
- Introduction
- Card scheme market shares
- Pay now
- Number of cards in issue
- Value of transactions
- Credit cards
- Number of cards in issue
- Value of transactions
- Deferred debit and charge cards
- Number of cards
- Value of transactions
- Card issuer market shares
- Pay now card issuer market shares
- Credit card issuer market shares
- Deferred debit and charge card issuer market shares
- Competitor developments
- There has been consolidation in the domestic market over the past five
years
- 2002 - Sofinco acquires part of the Finaref cards portfolio
- 2003 - Crédit Lyonnais and Crédit Agricole form a megamerger
- 2004 - Banque Accord acquires Egg France
- Merger and acquisition activity has been moderate more recently
- Several domestic players have began to expand abroad
- Société Générale looks outside of France for further expansion
- BNP Paribas is another example of a bank expanding in Central and
Eastern Europe
- Alliances and partnerships
- CB announced it is to allow co-branding alliances and partnerships
- Foreign players enter into co-branded partnerships in France
- There are a number of alliances and partnerships among consumer
credit companies
- Product analysis
- Loyalty programs
- Caisses d' Epargne has a partnership with S' Miles
- Crédit Agricole offers ' Le Bonus Gold MasterCard'
- Cetelem offers prepaid cards as an incentive for using credit cards
- Oney offers cashback with its Carte Verte
- Product innovation
- Contactless technology trials are starting to take place
- Banque Populaire launches debit card for women
- Carte Bleue launches prepaid cards
- Cetelem offers prepaid cards as an incentive for using credit cards
- Forecasting the Payment Card Market in France
- Introduction
- Forecasting the pay now card market
- Forecasting the credit card market
- Forecasting the charge and deferred debit card market
- Conclusions
- The French payment card market is sophisticated and is poised for future
growth
- Currently the pay later market is dominated by deferred debit and
private label cards
- However, new legislation and introduction of SEPA Framework are
opening new opportunities for credit card issuers
- Contactless payments are starting to make their mark
- APPENDIX
- Supplementary data
- Market context
- Forecasting the payment card market in France
- Definitions
- AAGR
- Affinity card
- CAGR
- Co-branded card
- Credit card
- Deferred debit and charge card
- EMV
- EPC
- ePurse
- Merchant Service Charge
- Pay now cards
- POS terminal
- Private label cards
- Methodology
- Cards and Payments Database
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: GDP per capita for selected European countries, 2006
- Table 2: GINI Coefficient for selected European countries
- Table 3: Segmentation of liquid assets in France in 2006
- Table 4: Main players under each pillar, 2006
- Table 5: Examples of finance houses, 2003
- Table 6: Annual fees in the deferred debit card market, 2008
- Table 7: Fees and APRs applicable to revolving credit cards in France,
2008
- Table 8: Datamonitor' s forecast for the pay now card market, 2006-11f
- Table 9: Datamonitor' s forecast for the credit card market, 2006-11f
- Table 10: Datamonitor' s forecast for the deferred debit and charge
card market, 2006-11f
- Table 11: Population numbers and demographic splits in France and
other major European countries, 2006
- Table 12: Population over 20 in France and other major European
countries, 2006
- Table 13: GDP at current rates across European countries, 2006
- Table 14: Real GDP growth rates based on constant rates to 2000,
2002-06
- Table 15: Inflation in selected European countries, 2002-06
- Table 16: Penetration level of cards in selected European countries,
2006
- Table 17: The total number of ATM terminals and the number of people
per ATM, 2002-06
- Table 18: The total number of POS terminals and the number of people
per terminal, 2002-06
- Table 19: Value of transactions made by consumers segmented by payment
type, 2002-06
- Table 20: Fraud losses in France, 2002-06
- Table 21: Pay now card forecast forecasts indexed to 2006
- Table 22: Credit card forecast forecasts indexed to 2006
- Table 23: Deferred debit and charge card market forecasts indexed to
2006
- Table 24: Current relevant Datamonitor publications, 2007
- Table 25: Future relevant Datamonitor publications, 2008
- List of Figures
- Figure 1: Country overview, 2006
- Figure 2: France has the second highest population in Europe, 2006
- Figure 3: France has one of the lowest proportions of population over
the age of 20 in Europe, 2006
- Figure 4: France has the third highest GDP in Europe, 2006
- Figure 5: France has enjoyed a period of positive economic growth from
2002 to 2006
- Figure 6: The French economy is dominated by the services sector,
while the agriculture sector accounts for 2.0% of economic output, 2006
- Figure 7: French inflation has been kept at or below 2% per annum in
recent years, 2002-06
- Figure 8: In France direct debits and cheques are preferred methods of
payment after cash but pay later cards are also popular, 2002-06
- Figure 9: France has the lowest penetration level of cards in Europe,
2006
- Figure 10: Charge and deferred debit cards dominate the French market,
2002-06
- Figure 11: Charge and deferred debit and charge cards account for the
largest share of total general purpose card transactions, 2002-06
- Figure 12: Charge and deferred debit cards were most commonly used
cards in 2006
- Figure 13: Deferred debit and charge cards account for the largest
share of transaction values, 2002-06
- Figure 14: Average transaction values are highest on credit cards,
2002-06
- Figure 15: The growth in ATM terminals slowed down in 2006
- Figure 16: The total number of POS terminals has risen steadily,
2002-06
- Figure 17: The three pillars of the French banking structure, 2008
- Figure 18: Regulatory overview of France, 2008
- Figure 19: Total fraud losses have fallen since 2003 but picked up in
2006
- Figure 20: Visa holds the leading position in the pay now market,
2002-06
- Figure 21: Visa accounts for 78.7% of total pay now card spend, 2002-06
- Figure 22: Visa had the largest number of credit cards in issue in 2006
- Figure 23: Visa accounts for the majority of transaction values,
2002-06
- Figure 24: MasterCard accounts for nearly a half of total charge and
deferred debit cards in issue, 2002-06
- Figure 25: MasterCard in the largest deferred debit and charge card
scheme in terms of transaction values, 2002-06
- Figure 26: Crédit Mutuel/CIC is the leading pay now card issuer, 2006
- Figure 27: Crédit Agricole is the leading issuer of credit cards in
France, 2006
- Figure 28: Crédit Agricole is the leading issuer of deferred debit and
charge cards, 2006
- Figure 29: Main merger and acquisition activities in the French
market, 2002-2007
- Figure 30: Growth in the number of transactions forecasted to drive
the pay now market forward, 2006-11f
- Figure 31: Card usage of credit cards is predicted to be primary
driver in the market, 2006-11f
- Figure 32: Card usage of deferred debit and charge cards is predicted
to be primary driver of growth in the market, 2006-11f
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