Payments Landscape in Portugal Market Key Players – Millennium bcp, Novo Banco, and Banco BPI Analysis & Forecast 2017 to 2021
Wiseguyreports.Com add “Payments Landscape in Portugal: Opportunities and Risks to 2021” To Its Research Database.
Pune, India – April 9, 2018 /MarketersMedia/ —
Payments Landscape in Portugal
“Payments Landscape in Portugal: Opportunities and Risks to 2021”, report provides detailed analysis of market trends in Portuguese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, direct debit, payment cards, and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2017-21f). It also offers information on the country’s competitive landscape, including the market shares of issuers and schemes.
Request a Sample Report @ https://www.wiseguyreports.com/sample-request/2989126-payments-landscape-in-portugal-opportunities-and-risks-to-2021
Key Player cove in report:
Multibanco
Caixa Geral de Depositos
Millennium bcp
Novo Banco
Banco BPI
Santander Totta
WiZink
Visa
Mastercard
American Express
Major Highlight of the report:
To promote electronic payments and reduce dependence on cash, in August 2017 the Portuguese government restricted the amount of cash per transaction to €3,000 ($3,599.60) for residents, while for non-residents the limit is €10,000 ($11,998.60).
The government has also mandated personal income tax payments over €1,000 ($1,199.90) to be made via bank transfer, cheque, or direct debit. Failure to do so incurs a fine of between €180-4,500 ($216-5,399) per transaction.
The government is fostering the growth of digital channels within the banking industry. In July 2017, the central bank issued regulations enabling institutions with headquarters or branches in Portugal to allow customers to open accounts exclusively through digital channels, in a move to remain in line with European peers.
Previously, bank accounts could only be opened at bank branches in the physical presence of the applicant.
Consequently several banks such as Novo Banco, Millennium bcp, and Santander now allow consumers to open bank accounts through digital channels.
Rising unemployment has forced consumers to default on payments, resulting in high debt during the review period.
Amid increasing debt and decreasing profitability, banks were forced to shut down their operations, which eventually triggered mergers and acquisitions in the banking sector.
Banco do Brasil shut down its retail business in Portugal in September 2017, and transferred its existing accounts to Banco CTT.
Previously, in November 2016 Barclays sold Portugal’s Barclaycard consumer payments business to WiZink Bank. Likewise, Banco Santander Totta acquired Banco Banif in December 2015.
Continued….
For Detailed Reading Please visit @ https://www.wiseguyreports.com/reports/2989126-payments-landscape-in-portugal-opportunities-and-risks-to-2021
About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.
Contact Us:
NORAH TRENT
Partner Relations & Marketing Manager
sales@wiseguyreports.com
www.wiseguyreports.com
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
Contact Info:
Name: Norah Trent
Email: sales@wiseguyreports.com
Organization: WISEGUY RESEARCH CONSULTANTS PVT LTD
Address: WISEGUY RESEARCH CONSULTANTS PVT LTD Office No. 528, Amanora Chambers Pune
Phone: +91 841 198 5042
For more information, please visit http://www.wiseguyreports.com
Source: MarketersMedia
Release ID: 326737
Copyright © 1999-2013 SproutNews.com
