Janine Kaiser’s Post

⬇ Today, we’ll dive into the #Payments ecosystem in #Austria, from our white paper  "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳 Despite the strong cash culture, Austria is shifting towards a more digital-friendly payment environment. Contactless payments have seen substantial growth, now accounting for over 75% of all cashless transactions. The country has also a high bank account penetration rate of 98.2%, with 1.81 cards per capita, primarily dominated by debit cards. 🌐 Alternative payment methods: Digital wallets are fast becoming a preferred method for online transactions, making up about 25% of all online transactions. PayPal remains the top choice for Austrian consumers, while other players include Amazon Pay, Apple Pay, WebMoney, Seqr, Skrill, and Google Pay. Local solutions such as Raiffeisen Bank International AG ’s ELBA-pay, Erste Group’s George and Electronic Payment Standard (EPS) are also popular. 🏦 Banks: The Austrian banking system is well-organized, with banks grouped into industry associations based on their specific focus. The largest Austrian banks in terms of total assets in 2024 are Erste Group (245,7 billion €), Raiffeisen Bank International AG (152,2 billion €), UniCredit Bank Austria AG (101,66 billion €), BAWAG Group (45,66 billion €), and Raiffeisenlandesbank Oberösterreich AG (37,2 billion €). Other important banks include Oberbank, Steiermärkische Bank und Sparkasse, and HYPO NOE Landesbank für Niederösterreich und Wien AG. 📶 Payment processing & gateways: Key local players include DIMOCO Payments (founded in 2000, offering over 100 payment methods) hobex AG Payment Systems, and Paysafe. PAYONE, popular in Austria and Germany, facilitates various payment methods like Visa, Mastercard, and PayPal. Unzer serves over 70,000 merchants across Europe and recently expanded its POS solutions in Austria. Other notable regional providers include Concardis GmbH jetzt Nexi, Netcetera , Qenta Inc., Worldline and Global Payments Inc. ⚙️Infrastructure providers: PSA Payment Services Austria GmbH is a transaction service provider and has been the competence center for cashless payment in Austria for many years. The company focuses on transaction processing and helping banks ensure smooth payment operations for their customers. 🌟Austria is also home to our prestigious members Funanga AG and DIMOCO Payments. Key Takeway💡: “In Austria, the payments landscape is balanced between cash and digital methods, with a strong preference for cash among different age groups. However, there is a trend towards…” Want to read the full “Expert Opinion” from Deloitte professional Thomas John on the Austrian payment landscape? Download the report here: https://lnkd.in/dVYy5rTP

⬇ Today, we’ll dive into the #Payments ecosystem in #Austria, from our white paper  "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳 Despite the strong cash culture, Austria is shifting towards a more digital-friendly payment environment. Contactless payments have seen substantial growth, now accounting for over 75% of all cashless transactions. The country has also a high bank account penetration rate of 98.2%, with 1.81 cards per capita, primarily dominated by debit cards. 🌐 Alternative payment methods: Digital wallets are fast becoming a preferred method for online transactions, making up about 25% of all online transactions. PayPal remains the top choice for Austrian consumers, while other players include Amazon Pay, Apple Pay, WebMoney, Seqr, Skrill, and Google Pay. Local solutions such as Raiffeisen Bank International AG ’s ELBA-pay, Erste Group’s George and Electronic Payment Standard (EPS) are also popular. 🏦 Banks: The Austrian banking system is well-organized, with banks grouped into industry associations based on their specific focus. The largest Austrian banks in terms of total assets in 2024 are Erste Group (245,7 billion €), Raiffeisen Bank International AG (152,2 billion €), UniCredit Bank Austria AG (101,66 billion €), BAWAG Group (45,66 billion €), and Raiffeisenlandesbank Oberösterreich AG (37,2 billion €). Other important banks include Oberbank, Steiermärkische Bank und Sparkasse, and HYPO NOE Landesbank für Niederösterreich und Wien AG. 📶 Payment processing & gateways: Key local players include DIMOCO Payments (founded in 2000, offering over 100 payment methods) hobex AG Payment Systems, and Paysafe. PAYONE, popular in Austria and Germany, facilitates various payment methods like Visa, Mastercard, and PayPal. Unzer serves over 70,000 merchants across Europe and recently expanded its POS solutions in Austria. Other notable regional providers include Concardis GmbH jetzt Nexi, Netcetera , Qenta Inc., Worldline and Global Payments Inc. ⚙️Infrastructure providers: PSA Payment Services Austria GmbH is a transaction service provider and has been the competence center for cashless payment in Austria for many years. The company focuses on transaction processing and helping banks ensure smooth payment operations for their customers. 🌟Austria is also home to our prestigious members Funanga AG and DIMOCO Payments. Key Takeway💡: “In Austria, the payments landscape is balanced between cash and digital methods, with a strong preference for cash among different age groups. However, there is a trend towards…” Want to read the full “Expert Opinion” from Deloitte professional Thomas John on the Austrian payment landscape? Download the report here: https://lnkd.in/dVYy5rTP

“#Sweden is at the forefront of the cashless revolution, with cash transactions rapidly declining as the nation has fully embraced digital payment solutions. Sweden boasts a thriving fintech scene with companies driving #payments innovation at both the domestic and pan-European level, including many that are taking advantage of the growing maturity of Europe’s open banking infrastructure.” 🇸🇪 This is the key takeaway from Lena Hackelöer, CEO of our member Brite Payments, regarding the Swedish payments ecosystem, as featured in our whitepaper, “Key Players in the EU Payments Landscape 2024 ": https://lnkd.in/dVYy5rTP 💳 Sweden is widely regarded as a pioneer in the transition towards a cashless society. According to the central bank, Sveriges riksbank, the proportion of Swedes using cash fell from 39% in 2010 to just 9% by 2020. By 2023, 46% of consumers reported never using cash, the highest rate among the Nordic countries. 📲 Contactless debit cards dominate POS payments with an 86% market share, though mobile payments like Swish are rapidly gaining traction. Klarna and our member Trustly, both Swedish fintech giants, figure among the top players and are undoubtedly reshaping how consumers pay. International mobile and e-wallet payment solutions such as Apple Pay, Google Pay, Amazon Pay, Samsung Pay, and PayPal also play a role in Sweden. ⌚ Wearables are also very common payment methods. They include US players such as Garmin Pay and Fitbit (now part of Google) Pay, as well as the Swedish startup Fidesmo Pay. 🌐 Open banking in Sweden is set to disrupt traditional financial models, led by companies such as Tink and Finshark. Brite Payments stands out as a leading instant payments fintech, leveraging open banking to enable real-time A2A payments between consumers and merchants. 🏦 The Swedish banking sector, recognized for its stability, continues to evolve. Major banks include SEB, Swedbank, and Handelsbanken. Additionally, foreign banks represent around 20% of all banks, with Nordea from Finland and Danske Bank from Denmark ranking as the fourth and fifth largest in the country. 📶 On the processing front, Zettle by PayPal, Bambora, and Smart Refill AB are all internationally known companies founded in Sweden. Zettle was acquired by PayPal in 2018, while Bambora is part of Worldline (since 2020), the renowned global acquirer. Download the full report here: https://lnkd.in/dVYy5rTP

“#Sweden is at the forefront of the cashless revolution, with cash transactions rapidly declining as the nation has fully embraced digital payment solutions. Sweden boasts a thriving fintech scene with companies driving #payments innovation at both the domestic and pan-European level, including many that are taking advantage of the growing maturity of Europe’s open banking infrastructure.” 🇸🇪 This is the key takeaway from Lena Hackelöer, CEO of our member Brite Payments, regarding the Swedish payments ecosystem, as featured in our whitepaper, “Key Players in the EU Payments Landscape 2024 ": https://lnkd.in/dVYy5rTP 💳 Sweden is widely regarded as a pioneer in the transition towards a cashless society. According to the central bank, Sveriges riksbank, the proportion of Swedes using cash fell from 39% in 2010 to just 9% by 2020. By 2023, 46% of consumers reported never using cash, the highest rate among the Nordic countries. 📲 Contactless debit cards dominate POS payments with an 86% market share, though mobile payments like Swish are rapidly gaining traction. Klarna and our member Trustly, both Swedish fintech giants, figure among the top players and are undoubtedly reshaping how consumers pay. International mobile and e-wallet payment solutions such as Apple Pay, Google Pay, Amazon Pay, Samsung Pay, and PayPal also play a role in Sweden. ⌚ Wearables are also very common payment methods. They include US players such as Garmin Pay and Fitbit (now part of Google) Pay, as well as the Swedish startup Fidesmo Pay. 🌐 Open banking in Sweden is set to disrupt traditional financial models, led by companies such as Tink and Finshark. Brite Payments stands out as a leading instant payments fintech, leveraging open banking to enable real-time A2A payments between consumers and merchants. 🏦 The Swedish banking sector, recognized for its stability, continues to evolve. Major banks include SEB, Swedbank, and Handelsbanken. Additionally, foreign banks represent around 20% of all banks, with Nordea from Finland and Danske Bank from Denmark ranking as the fourth and fifth largest in the country. 📶 On the processing front, Zettle by PayPal, Bambora, and Smart Refill AB are all internationally known companies founded in Sweden. Zettle was acquired by PayPal in 2018, while Bambora is part of Worldline (since 2020), the renowned global acquirer. Download the full report here: https://lnkd.in/dVYy5rTP

⬇️ Today, let’s talk about the #Payments ecosystem in #Spain from our latest white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳  STMP (Sistema de Tarjetas y Medios de Pago) is the core payment system in Spain which resulted from the merger of Servired, 4B and Euro6000. STMP oversees the Spanish card payments ecosystem ensuring the correct flow of transactions. Majors schemes include Visa, Mastercard and American Express.   🌐 Similarly to other European countries, Spain has multiple alternative payment methods. International e-wallet providers such as PayPal, Apple Pay, Samsung Pay, and Google Pay are present in the market. Private banking reports state that Apple Pay is the leading entity among mobile wallets with over three-quarters of the market by volume. Worth noting that the most popular local payment solution is the mobile payment solution Bizum. Aside from those well-known players many BNPL and cross-border payment solutions can be found such as Klarna, Oney and Scalapay, SeQura Aplazame, Ria Money Transfer, Small World Financial Services, and Monty Global Payments S.A.U.   🏦 The Spanish banking sector is quite concentrated with the four largest banks capturing over 70% of the market. There are 189 Credit institutions out of which 74 EEA branches and 4 non-EEA branches. The three largest banks of the country are Santander, CaixaBank, and Banco Bilbao Vizcaya Argentaria (BBVA). Other banks can be found in the Spanish market such as Banco Sabadell, which recently partnered with the ATM network NCR Atleos to increase access to cash in the market. Some other players are Bankinter, ABANCA. In the Neobank segment, notable names include EVO Banco, Openbank, Revolut, N26 and bunq. 📶 In Spain, there are many different companies offering payment processing and gateway services. Some of the most popular solutions are the ones offered by commercial banks. Launched by Santander Group, PagoNxt (a Santander company) is a global payments platform that brings together all its payment solutions under one umbrella. Comercia Global Payments is the result of a joint venture between CaixaBank and Global Payments Inc. and recently acquired UniversalPay, the EVO Payments, Inc. solution. Redsys España is also one of the largest payment service providers in the Spanish market. Other PSPs include Cecabank, Minsait, Nexi Group, MONEI, PaynoPain, CommerceGate, PAYMATICO, Sipay, PayRetailers, SumUp, and WPS. Key Takeaway💡 : “Spain remains a country with a high degree of innovation and where the payment industry thrives. This year the players in the Spanish payments’ ecosystem have mostly developed solutions on the A2A and instant payments fields. Furthermore, the country is playing an active role in the development of the digital euro with multiple banks deploying pilots for the development of the currency.” Carolina B. | Senior Manager – Monitor Deloitte Spain 

⬇️ Today, let’s talk about the #Payments ecosystem in #Spain from our latest white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳  STMP (Sistema de Tarjetas y Medios de Pago) is the core payment system in Spain which resulted from the merger of Servired, 4B and Euro6000. STMP oversees the Spanish card payments ecosystem ensuring the correct flow of transactions. Majors schemes include Visa, Mastercard and American Express.   🌐 Similarly to other European countries, Spain has multiple alternative payment methods. International e-wallet providers such as PayPal, Apple Pay, Samsung Pay, and Google Pay are present in the market. Private banking reports state that Apple Pay is the leading entity among mobile wallets with over three-quarters of the market by volume. Worth noting that the most popular local payment solution is the mobile payment solution Bizum. Aside from those well-known players many BNPL and cross-border payment solutions can be found such as Klarna, Oney and Scalapay, SeQura Aplazame, Ria Money Transfer, Small World Financial Services, and Monty Global Payments S.A.U.   🏦 The Spanish banking sector is quite concentrated with the four largest banks capturing over 70% of the market. There are 189 Credit institutions out of which 74 EEA branches and 4 non-EEA branches. The three largest banks of the country are Santander, CaixaBank, and Banco Bilbao Vizcaya Argentaria (BBVA). Other banks can be found in the Spanish market such as Banco Sabadell, which recently partnered with the ATM network NCR Atleos to increase access to cash in the market. Some other players are Bankinter, ABANCA. In the Neobank segment, notable names include EVO Banco, Openbank, Revolut, N26 and bunq. 📶 In Spain, there are many different companies offering payment processing and gateway services. Some of the most popular solutions are the ones offered by commercial banks. Launched by Santander Group, PagoNxt (a Santander company) is a global payments platform that brings together all its payment solutions under one umbrella. Comercia Global Payments is the result of a joint venture between CaixaBank and Global Payments Inc. and recently acquired UniversalPay, the EVO Payments, Inc. solution. Redsys España is also one of the largest payment service providers in the Spanish market. Other PSPs include Cecabank, Minsait, Nexi Group, MONEI, PaynoPain, CommerceGate, PAYMATICO, Sipay, PayRetailers, SumUp, and WPS. Key Takeaway💡 : “Spain remains a country with a high degree of innovation and where the payment industry thrives. This year the players in the Spanish payments’ ecosystem have mostly developed solutions on the A2A and instant payments fields. Furthermore, the country is playing an active role in the development of the digital euro with multiple banks deploying pilots for the development of the currency.” Carolina B. | Senior Manager – Monitor Deloitte Spain 

🚀 Delve into the 2024 edition of "Key Players in the EU Payments Landscape" by Solvay Brussels School of Economics and Management and comprehensively analyze the payments industry across Europe: ◼ The report underscores staying informed and agile in the evolving payments landscape; ◼ Businesses should leverage insights to remain competitive and meet consumers' demands; 💾 Read the full report for a comprehensive understanding of EU payments and regional analyses, but here are the key takeaways: ⚪ Transformative Trends in EU Payments ▫ Digital Payments Surge: The shift from cash to digital payments is accelerating, driven by consumer demand for convenience and the growth of e-commerce. Mobile and contactless payments are mainly on the rise; ▫ Regulatory Evolution: The introduction of PSD3 and the Payment Services Regulation (PSR) aims to enhance consumer protection, streamline regulations, and foster open banking, further unifying the EU payments market and encouraging innovation; ▫ Fintech Disruption: Fintech companies are challenging traditional banks with innovative, cost-effective solutions, increasing competition and driving industry advancements; ⚪ Regional Breakdown and Key Players ▫ Benelux: This region is dominated by local players like Bancontact in Belgium and iDEAL in the Netherlands, and there has been a significant shift towards mobile payments and digital wallets; ▫ Germany and France: Rapid adoption of digital payment methods supported by robust regulatory frameworks and significant investments in payment infrastructure; ▫ Nordics: Leading in digitalization, the Nordics strongly prefer digital wallets and contactless payments, significantly reducing cash usage; ⚪ Major Industry Players ▫ Card Schemes: Visa, Mastercard, and American Express dominate, with competition from local schemes like Bancontact Payconiq Company and iDEAL; ▫ Alternative Payment Methods: PayPal, Apple Pay, and Google Wallet are widely used, and there is growing interest in Buy Now Pay Later (BNPL) services from companies like Klarna; ▫ Payment Processors: Adyen, Worldline, and Nexi Group are key players, offering comprehensive payment solutions and driving the adoption of instant payments across Europe; ⚪ Strategic Insights ▫ Regulatory Compliance: Companies must stay ahead of regulatory changes by enhancing security measures and adopting new standards for strong customer authentication and open banking; ▫ Innovation and Collaboration: Partnerships between traditional banks and fintech companies are crucial for developing new payment solutions and expanding market reach; ▫ Consumer-Centric Solutions: Focusing on user-friendly, secure, and efficient payment methods will be vital to gaining consumer trust and driving adoption. #Payments #Fintech #DigitalPayments #EURegulations #OpenBanking #Innovation #Ecommerce #ContactlessPayments #PSD3 #PSR #BNPL

⬇️ Today, let’s talk about the #Payments ecosystem in #Spain from our latest white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳  STMP (Sistema de Tarjetas y Medios de Pago) is the core payment system in Spain which resulted from the merger of Servired, 4B and Euro6000. STMP oversees the Spanish card payments ecosystem ensuring the correct flow of transactions. Majors schemes include Visa, Mastercard and American Express.   🌐 Similarly to other European countries, Spain has multiple alternative payment methods. International e-wallet providers such as PayPal, Apple Pay, Samsung Pay, and Google Pay are present in the market. Private banking reports state that Apple Pay is the leading entity among mobile wallets with over three-quarters of the market by volume. Worth noting that the most popular local payment solution is the mobile payment solution Bizum. Aside from those well-known players many BNPL and cross-border payment solutions can be found such as Klarna, Oney and Scalapay, SeQura Aplazame, Ria Money Transfer, Small World Financial Services, and Monty Global Payments S.A.U.   🏦 The Spanish banking sector is quite concentrated with the four largest banks capturing over 70% of the market. There are 189 Credit institutions out of which 74 EEA branches and 4 non-EEA branches. The three largest banks of the country are Santander, CaixaBank, and Banco Bilbao Vizcaya Argentaria (BBVA). Other banks can be found in the Spanish market such as Banco Sabadell, which recently partnered with the ATM network NCR Atleos to increase access to cash in the market. Some other players are Bankinter, ABANCA. In the Neobank segment, notable names include EVO Banco, Openbank, Revolut, N26 and bunq. 📶 In Spain, there are many different companies offering payment processing and gateway services. Some of the most popular solutions are the ones offered by commercial banks. Launched by Santander Group, PagoNxt (a Santander company) is a global payments platform that brings together all its payment solutions under one umbrella. Comercia Global Payments is the result of a joint venture between CaixaBank and Global Payments Inc. and recently acquired UniversalPay, the EVO Payments, Inc. solution. Redsys España is also one of the largest payment service providers in the Spanish market. Other PSPs include Cecabank, Minsait, Nexi Group, MONEI, PaynoPain, CommerceGate, PAYMATICO, Sipay, PayRetailers, SumUp, and WPS. Key Takeaway💡 : “Spain remains a country with a high degree of innovation and where the payment industry thrives. This year the players in the Spanish payments’ ecosystem have mostly developed solutions on the A2A and instant payments fields. Furthermore, the country is playing an active role in the development of the digital euro with multiple banks deploying pilots for the development of the currency.” Carolina B. | Senior Manager – Monitor Deloitte Spain

🇮🇳 The Indian Payments Handbook 2024/2029 - by PwC & Global Fintech Fest #India’s digital payments landscape has seen remarkable growth over the past decade, becoming a global model for digital adoption. Digital payments industry in India covers a broad spectrum from banking for the unbanked catalysing financial inclusion to enhancing customer experience for faster, convenient and safer payment options. Previous editions of this report have highlighted evolving revenue streams, use cases for new payment instruments and evolving nature of existing payment methods. Meanwhile, this edition aims to analyse the new and existing payment instruments, expected growth and revenue streams in the next five years and evolving regulatory landscape of the industry, while analysing future opportunities for key stakeholders. Digital payments in India continue to surge, with a year-on-year (YoY) transactional volume growth of 42% in FY 2023–24, which is poised to grow by three times in FY 2028–29. This growth can be attributed to multiple factors including innovations by ecosystem participants, new business models and opportunities, changing technology and increasing customer awareness. UPI Chalega continues its remarkable growth trajectory with a YoY growth in transaction volume of 57%. In FY 2023–24, the total transaction volume was slightly over 131 billion and is expected to grow to 439 billion by FY 2028–29. UPI now accounts for over 80% of the overall retail digital payments in India and is expected to contribute to 91% by 2028-29. Credit cards have witnessed a formidable growth in FY 2023-24 with the industry adding more than 16 million credit cards, crossing the well-anticipated milestone of 100 million cards in force. With the addition of new cards, the industry has also seen 22% & 28% surge in transactional volume and value respectively. Debit cards have seen a dip in both transactions volume & value owing to the shift in preferences by cardholders. Credit cards are expected to reach 200 million by FY 2028- 29. The infrastructure for merchant acquiring, both online & offline, has been expanding not only in metros and tier 1 cities but also in tier 2, 3, and 4 cities. The YoY growth of #QRcodes is nearly 30%+ and 17%+ respectively in FY 2023–24. Innovations in this space, like soundbox, cross-sells to merchants and innovative activation strategies, have also promoted the use of digital payments by merchants. Also, efforts to promote via the Payments Infrastructure Development Fund (PIDF) have accelerated the growth of the payments infrastructure in the country. In addition to the consumer payments, this edition covers the use cases & future of business payments through digital channels, including cross-border transfers. Emergence of new FinTech players and their partnerships with well-established issuers may prove to be pivotal for business and commercial payments. #Payment #isapexchange #isapwallet www.isap.exchange iSAP Exchange FZCO

Payment Behaviours in Germany 🥨🇩🇪 (Deutsche Bundesbank Report Highlights) The report shows Germany in a payment transition, with cash 💶 holding its ground for small purchases while digital and mobile options rapidly expand, particularly online. Increased in-store terminal use and mobile payments showcase a shift driven by convenience, security, and changing consumer habits. 💶 Cash Usage and Accessibility Dominance: Cash remains used in 50% of transactions, though its share of expenditure has declined to 26%. Access Issues: Cash access is harder with fewer ATMs and bank counters, although cash is still accepted for 94% of in-store transactions. 💳 Card Payments In-Store and Online In-Store: Debit cards (37% of transactions, 49% of turnover) lead in-store, with mobile payments growing due to contactless technology. Online: Digital e-payments (PayPal, Klarna) dominate at 51% of transactions, followed by direct transfers (28%) and covering 44% of total expenditure online. 🛍️ Store Terminal Equipment Mobile card terminals in stores are expanding access to cashless payments, especially in restaurants and smaller outlets. 18% of consumers report instances where card or mobile payments were not accepted in stores. 📱 Digital and Mobile Payments Digital Wallets: Mobile payments, especially Apple Pay, are gaining ground. Younger and higher-income users are leading adoption. Online Banking: Widely used by 81% of internet users, with apps favored by younger users and websites preferred by older consumers. --- Cipango.eu #YouAreWhatYouShare