Growth of New Intracountry Debit Networks
Likely to Gain Momentum in Countries
Around the World
December 2013
National Debit Networks: When Global Goes Local
As consumers increasingly turn to electronic payments, especially debit
c...
National Debit Networks: When Global Goes Local
Debit card usage has continued to grow globally, and debit card networks
h...
Ron Mazursky
Director
Debit Advisory Service
Mercator Advisory Group
“A prime example of a recent national debit network ...
Highlights of the full report
• An overview of global debit card trends
• A history and listing of national debit network...
Figure 2: Timeline of the Creation of Select National
Debit Networks Around the World
Denmark:
Dankort
1983
Canada:
Int...
About the Full Report
This report contains 25 pages and 9 exhibits.
Companies mentioned in this report include:
MasterCard...
About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory
services firm excl...
of 8

National Debit Networks: When Global Goes Local

As consumers increasingly turn to electronic payments, especially debit cards, for everyday purchases, the importance of the networks that carry these transactions increases. While cross-border transactions are largely carried by MasterCard and Visa, the majority of these transactions occur intracountry. New competition is heating up between the national debit networks created by local banks and the international payment networks such as MasterCard and Visa. Mercator Advisory Group’s latest report, National Debit Networks: When Global Goes Local, provides an understanding of national debit networks, the rationale for their creation, and the threats and benefits they pose to the existing global payment networks.
Published on: Mar 3, 2016
Published in: Economy & Finance      Business      
Source: www.slideshare.net


Transcripts - National Debit Networks: When Global Goes Local

  • 1. Growth of New Intracountry Debit Networks Likely to Gain Momentum in Countries Around the World December 2013
  • 2. National Debit Networks: When Global Goes Local As consumers increasingly turn to electronic payments, especially debit cards, for everyday purchases, the importance of the networks that carry these transactions increases. While cross-border transactions are largely carried by MasterCard and Visa, the majority of these transactions occur intracountry. New competition is heating up between the national debit networks created by local banks and the international payment networks such as MasterCard and Visa. Mercator Advisory Group’s latest report, National Debit Networks: When Global Goes Local, provides an understanding of national debit networks, the rationale for their creation, and the threats and benefits they pose to the existing global payment networks. 2013 Mercator Advisory Group
  • 3. National Debit Networks: When Global Goes Local Debit card usage has continued to grow globally, and debit card networks have taken hold in both developed and developing markets. Intracountry debit networks have been created to reduce costs, allow for better customized product development, offer more controls for local banks, and protect customer data. Over 20 national debit networks are in existence, the majority located in Europe. Recently, some national debit networks claim their networks can be used for better financial inclusion of underserved customers. A new national debit network has been created in India, and others are being considered in Europe, Asia, Africa, and Latin America. Growing interest in new national and regional networks might cause long-lasting changes to the payments landscape. 2013 Mercator Advisory Group
  • 4. Ron Mazursky Director Debit Advisory Service Mercator Advisory Group “A prime example of a recent national debit network that differs from some earlier national debit networks along the lines of financial inclusion is RuPay in India. At the heart of this difference is the combination of a large underserved population with a need for financial inclusion and a governmental need for cost-effective electronic benefits disbursement. This could be indicative of future developing markets and the needs a national debit network can serve” 2013 Mercator Advisory Group
  • 5. Highlights of the full report • An overview of global debit card trends • A history and listing of national debit networks • Comparison of network operating models • Three case studies of national debit networks, in Canada, France, and India • Expanding the scope of network participation • The ongoing role of international acceptance of national debit cards 2013 Mercator Advisory Group
  • 6. Figure 2: Timeline of the Creation of Select National Debit Networks Around the World Denmark: Dankort 1983 Canada: Interac Singapore: NETS 1984 1985 Germany: Girocard Norway: BankAxept 1989 1991 2002 France: Carte Bancaire Bulgaria: BORICA Source: Mercator Advisory Group 2013 Mercator Advisory Group China: China Union Pay 2007 India: RuPay 2012
  • 7. About the Full Report This report contains 25 pages and 9 exhibits. Companies mentioned in this report include: MasterCard, Visa, Discover, Pulse, Diners Club International, Interac, Cartes Bancaires, RuPay, Dankort, NETS, Borica, China UnionPay, BankAxept, Girocard, Electronic Payment Services (EPS), Zolotaya Korona, Multicaixa, EFTPOS, Bancontact, PostFinance CardDirect, MBCARD, Shetab Banking System, DinaCard, Euro6000, Sistema 4B, ServiRed, The Benefit Company, Interswitch, Anthemis Group Members of Mercator Advisory Group’s International Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits. For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700, send e-mail to info@mercatoradvisorygroup.com. For free industry news, opinions, research, company information and more visit us at www.PaymentsJournal.com. Follow us on Twitter @ http://twitter.com/MercatorAdvisor. 2013 Mercator Advisory Group
  • 8. About Mercator Advisory Group Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com. 2013 Mercator Advisory Group

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