2014-01-10 04:06:03 - The UK Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape - a new market research report on companiesandmarkets.com
In terms of card volume, the UK card payments channel grew at a CAGR of 4.55% during the review period (2008â2012). The largest share of the channel was occupied by the debit card category with 43.8% in 2012, followed by the credit cards category with 27.9%. Over the forecast period, the prepaid cards category is expected to surpass credit cards in terms of card volume to occupy the second-largest share, after debit cards, with 35.5% in 2017.
Banks present competitive pricing strategies and offer attractive introductory interest rates to generate new subscriptions. Many banks extend 0% introductory interest rates on purchases and balance transfers for the first few months as well as competitive annual percentage rates (APRs) on credit cards. There
was a considerable increase in the prompt payment of credit card bills during the review period which caused a loss in interest income for many banks. Banks are considering charging an annual fee to compensate for such losses.
Click for report details: www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Market Research Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Company Profile Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Company-P ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.