![\"Card](\"https:\/\/inteligensa.com\/wp-content\/uploads\/2015\/10\/id796.jpg\")
According to a new study from RBR, “Payment Cards Issuing and Acquiring Europe 2014” Central and eastern Europe accounted for two-thirds of new cards across the region between 2008 and 2012, with the number of cards in Russia alone doubling to 240 million.<\/p>\n
Debit cards make up the largest proportion of the European card base, but growth was also spurred by a massive increase in the number of prepaid products, particularly in Russia and Italy.<\/p>\n
According to the RBR study, the desire to migrate some of the huge volume of low-value cash payments to cards has also led to the issuance of contactless cards, although the implementation of contactless technology varies widely between countries.<\/p>\n
In the U.K., which already has the largest number of such cards, a plan by Transport for London to extend contactless acceptance from buses to trains in 2014 will provide a significant boost to contactless transaction volumes.<\/p>\n
Other countries with large contactless card bases include Poland and Turkey, while a number of markets \u2014 in both CEE and Western Europe \u2014 have no such cards at all or are in the early stages of issuance, according to RBR.<\/p>\n
In terms of card acceptance, Western Europe has a more developed infrastructure and accounts for by far the highest proportion of terminals in the region. Recent growth in CEE has been very strong (17 percent increase in number of terminals in 2012 vs. 7 percent in western Europe), boosted in some markets by recent legislation encouraging card payments in order to reduce non-declared income among merchants.<\/p>\n
In Western Europe, growth in the acquiring sector tends to be driven by increasing acceptance levels among small merchants, as declining fees mean that it is less costly to accept low-value card payments.<\/p>\n
Through a combination of innovation and regulation, banks and governments are succeeding \u2014 albeit slowly in some cases \u2014 in changing customer habits. In light of this, it seems clear that the European cards market will continue to grow, even in the face of newer payment methods for several years to come, RBR said.","protected":false},"excerpt":{"rendered":"
Competition among banks to gain new customers and campaigns to replace low-value cash transactions with card payments have driven significant increases in card issuance and […]<\/p>\n","protected":false},"author":5,"featured_media":371,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria"],"acf":[],"yoast_head":"\n