Rapid Digitalization Leads to the Expansion of Estonia Cards and Payments Industry : Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit In order to boost digitalization, the Estonian government introduced ‘e-Citizenship’ under which foreign nationals could easily conduct online business in Estonia and the European Union. Trends such as rising adoption of contactless technology are driving growth in the Estonian cards and payments industry. Ken Research announced its latest publication on, “The Cards and Payments Industry in Estonia: Emerging Trends and Opportunities to 2020”, provides a detailed analysis of the market trends in the cards and payments industry of Estonia. The report examines the key performance indicators such as check payments, credit transfers, cash transactions, payment cards and direct debits made during 2010-2014, for analyzing major trends in the industry. It provides both review (2010-2014) and forecast (2015-2019) data regarding several sub-sectors of the industry. Additionally, the publication also includes profiles of the various issuers in the industry, offering insights into the trends and activities that impact the competitive advantage of the industry participants. The cards and payments industry in Estonia is projected to grow rapidly over the next five years. The government’s initiatives towards digitalization, rising adoption of contactless technology and increased alternative payment methods are the key reasons for reform in the Estonian cards and payments industry. With regard to digitalization, the Estonian government is continually working towards increasing the broadband access in the nation. By 2020, it is projected that more than 60% of all internet connection in the country would be high-speed broadband of 100mbps. Such a move will ensure that a large proportion of Estonian population would be able to enjoy the benefits of an Internet-enabled lifestyle. Furthermore, the Estonian cards and payments industry is also growing driven by rising adoption of contactless technology in the country. Leading banks such as Swedbank, LHV Bank and SEB have already announced plans of launching contactless technology in order to increase the uptake of contactless payments. For instance, Swedbank and SEB both plan to launch contactless cards by the end of 2016 and 2017 respectively. Also, to further propel the growth of contactless technology, the government has also launched its ‘e-Residency’ initiative under which foreign nationals can conduct online business in Estonia along with accessing government services electronically. Additionally, alternative payments methods have also become popular with the availability of options like Fortumo, WoraPay and Taxify. All these businesses have launched their dedicated online platforms and apps that their customers can access and make payments electronically. Some of the significant factors governing the global cards and payments industry during this period include: Demographic drivers Infrastructure drivers Regulatory measures (domestic and international) which impact both price realization and consumer experience Change in consumer preferences in terms of payment methods Key Topics Covered in the Report: Detailed analysis of Estonia’s cards and payments industry E-commerce market analysis Detailed insights into various payment instruments Comprehensive analysis of consumer attitudes and buying preferences Detailed analysis of competitive landscape of the Estonian cards and payments industry. Current and forecast values for each market in the industry, including credit and debit cards. Analysis of the regulatory framework and its impact To know more on coverage, click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/cards-payments-industry-estonia/13948-93.html Related Reports: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/cards-payments-industry-us-emerging-trends-2019/3456-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/cards-payments-industry-saudi-arabia/7336-93.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Estonia cards and payments industry, Estonia cards and payments industry Future Outlook, Estonia cards and payments industry Market Research Report, Estonia cards and payments industry Market Size, Estonia cards and payments industry Market trends, Estonia E-commerce market analysis