Payments Landscape in the Netherlands: The Dutch Nation Embraces Digital Mode of Payments

Published on : Dec 14, 2018

Albany, New York, December 14, 2018: Digital banks forayed into the Netherlands during the review period (2014-2018) as in 2016 Pocopay introduced its mobile banking service which provides current account and Mastercard-branded contactless debit card. With the view to lessen the costs and risks of cash handling, ING, ABN AMRO, Rabobank and Geldservice Nederland teamed up to initiate a joint ATM network. This network, will assist customers with accessibility of ATM irrespective of the bank that services the ATM. These apprehensions are according to the report titled, “Payments Landscape in the Netherlands: Opportunities and Risks to 2022,” which has been latterly added to the repository of Market Research Hub (MRH). Further, payments landscape in the Netherlands is set to be powered by e-commerce market.

The Dutch e-commerce market is invigorated by bank transfers as it is the most sought after online payment method. The most preferred bank transferred service is iDEAL which is outperforming face-to-face and physical payments. Moreover, the Netherlands is gradually shifting to card payments and other digital payment methods as selected petrol stations, shops, railway stations and government services refrain from accepting cash.

Though credit transfer is the most used method for non-point-of-sale payments, direct debits have gained traction. Dutch Central Bank’s recent figures from the first quarter of 2016 states that over 335 million direct debit transactions were carried out in the same quarter.

Payments Landscape in the Netherlands: Report Content

The report does a coherent analysis on the payments landscape in Netherlands providing thorough analysis of market trends in the Dutch cards and payments industry. The report gives nuggets of information incorporating cash, cards, direct debit, credit transfer and check. Further, the report does the assessment of different card markets in the industry, number of cards in circulation, transaction values and volumes. The report sheds light on Spain’s competitive landscape, along with the market shares of issuers and schemes.

The report provides an exhaustive analysis to let card issuers and banks to know segment dynamics and competitive advantage. The report also includes regulatory policies and changes in the regulatory structure.

The report provides insights on the e-commerce market along with drivers and opportunities of Spanish cards and payments industry. Furthermore, the report furnishes an exhaustive analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Payments Landscape in the Netherlands: Research Methodology

A thorough research methodology has been adopted with respect to providing a research approach of secondary and primary research. The assimilation in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts.

The secondary research incorporates company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with authentic report, a panel of expert delineates the data collected from different sources.

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