TransUnion Completes Acquisition of Verisk Financial Services
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An extensive analysis of the cards, payments and consumer banking industry in Switzerland, with intelligent commentary backed by the latest data.
Hitherto perceived as a cash-friendly market, the pandemic accelerated uptake of both mobile proximity and P2P payments, with the user base of payments app Twint (owned by Worldline and the largest banks) now extending to half of all adults in the country.
The market for credit cards in Switzerland is exceptionally competitive, with spending driven primarily by the country's high level of income. With the purchase of SIX, Worldline has become the dominant acquirer.
How the Swiss payments environment has evolved with the rise of contactless, cashless modes and mobile payments.
How credit and debit cards are used, with profitability indicators.
E-commerce payment trends in the light of BNPL and card innovations.
Mobile proximity payments data and commentary on app-based solutions.
The credit card profitability mechanism in Europe's most penetrated market.
Network market shares and interchange tracking; the place of the Swiss debit network
How credit/debit cards market shares have been changing in Switzerland.
The merchant acquiring landscape, including MSCs and processor relationships/shares.
Notable laws and regulations, key statutory authorities and credit bureaux.
TABLE OF CONTENTS
Fintech and mobile payments
Credit card profitability
Appendices: Switzerland Payments Data Tables
Appendix I: Demographic and economic indicators
Data table 1: Demographic and economic indicators: 2016-21. Estimates and forecasts to 2025.
Data table 2: Ownership of key consumer devices: 2016-21. Estimates and forecasts to 2025.
Data table 3: Internet usage by population: 2016-21. Estimates and forecasts to 2025.
Appendix II: Payments environment
Data table 4: Access points: 2016-21. Estimates and forecasts to 2023.
Data table 5: B2C e-commerce payment methods: 2016-21. Estimates and forecasts to 2023.
Appendix III: Cards market
Data table 6: Total cards payment metrics: 2016-21. Estimates and forecasts to 2025.
Data table 7: Contactless cards metrics: 2016-21. Estimates and forecasts to 2025.
Data table 8: Credit card numbers: 2016-21. Estimates and forecasts to 2025.
Data table 9: Total credit cards metrics: 2016-21. Estimates and forecasts to 2025.
Data table 10: Credit cards profitability indicators: 2016-21. Estimates and forecasts to 2025.
Data table 11: Debit cards numbers: 2016-21. Estimates and forecasts to 2025.
Data table 12: Debit cards metrics: 2016-21. Estimates and forecasts to 2025.
Appendix IV: Mobile payments
Data table 13: Mobile proximity payment metrics: 2017-20. Estimates and forecasts to 2025.
Appendix V: Profit pool
Data table 14: Switzerland market profit pool: 2016-21. Estimates and forecasts to 2025 including credit card numbers, billed volumes, outstandings, interest incomes, net interest revenues, merchant revenues, card fee revenues, other non-interest incomes, total revenues, net credit losses, operating expenses, total expenses, pre-tax profits, merchant service charges, rollover rates, APR, net credit losses to outstandings, operating costs to revenues, ROA (pre-tax profits to outstandings).
Appendix VI: The networks
Data table 15: Networks' credit card market shares: 2016-21. Estimates and forecasts to 2023.
Data table 16: Credit card interchange fees by network: 2016-21. Estimates and forecasts to 2023.
Data table 17: Networks' debit card market shares: 2016-21. Estimates and forecasts to 2023.
Data table 18: Debit card interchange fees by network: 2016-21. Estimates and forecasts to 2023.
Appendix VII: Key retail banks and issuers
Data table 19: Key credit card issuers market shares by credit card numbers: 2018-21. Estimates and forecasts to 2023.
Data table 20: Key issuers market shares in credit card outstandings: 2018-21. Estimates and forecasts to 2023.
Data table 21: Key debit card issuers market shares by debit card numbers: 2018-21. Estimates and forecasts to 2023.
Appendix VIII: Acquiring and processing
Data table 22: Merchant acquirer credit card market share: Estimates for 2022.
Data table 23: Credit card merchant service charges: 2016-21. Estimates and forecasts to 2025.
Data table 24: Merchant acquirer debit card market share: Estimates for 2022.
Data table 25: Debit card merchant service charges: 2016-21. Estimates and forecasts to 2025.
Data table 26: Credit card issuer/issuing processor relationships
Data table 27: Credit card acquirer/acquiring processor relationships
Data table 28: Credit card issuing processor market shares by card numbers: Estimates for 2022.
Data table 29: Credit card acquiring processor market shares by the number of POS transactions: Estimates for 2022.
Cash use has traditionally been popular in Switzerland, but there has been a shift in recent years.
Switzerland has a well-developed and competitive cards market with both debit and credit cards widely used.
Swiss B2C e-commerce sales doubled from 2015 to 2021, with the average annual growth rate during that period coming to 12.4 percent.
Fintech and mobile
The most relevant change in the Swiss mobile payments market in recent years was the merger of Paymit and Twint.
Credit Card Profitability
Swiss consumers have high disposable incomes, and the cards market has low credit losses.
Four international schemes – Visa, Mastercard, American Express and Diners Club – compete in the credit cards market.
Banks in Switzerland exist under a variety of organisational and operational structures, including big banks, government-owned cantonal banks, private banks, regional banks and savings banks.
With ownership models influenced by international M&As in recent years, the Swiss acquiring market is highly concentrated. Worldline has a dominant position.
The Distributed Ledger Technology (DLT) Act, which came into force in 2021, creates a legal framework for cryptocurrencies, blockchain and the trading of digital assets.
Bank for International Settlements
Cembra Money Bank
Federal Statistical Office
Informationsstelle für Konsumkredit
International Monetary Fund
International Telecommunication Union
SIX Interbank Clearing
Swiss Competition Commission
Swiss Financial Market Supervisory Authority
Swiss Interbank Clearing
Swiss National Bank
Swiss Payment Association
Zentralstelle für Kreditinformation
Reports include detailed market and competitor intelligence on payments cards, e-money, acquiring, retail banking, and consumer credit in Europe. Analysts use primary and secondary source data and conduct in-depth interviews with senior industry executives and finance experts.
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