Luxembourg 2017/2018

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  • Regular price £185.00


Payment Organization

SIX Payment Services S.A. (formerly CETREL). 

Domestic Card Brand

None 

Market Structure

The banks in Luxembourg opted for V PAY as debit card brand. 

SIX Payment Services S.A. manages the Bancomat POS and ATM infrastructure, acts as acquirer, and offers card processing and issuer services to issuers in Luxembourg and in Europe. 

Card use at the POS in Luxembourg is high. Because of Luxembourg’s location and financial services-based economy, visitors make a high proportion of transactions. 

In 2007, PayPal became an e-money institution licensed by CSSF of Luxembourg, but now owns a bank licence. 

Notable Market Trends

Rollout of contactless cards and POS terminals; 

Card-less payments (Mybank, DIGICASH); card-less ATMs; 

Omni-channel, Open Banking, Open API, immediate payments 

Statistical Key Figures for 2016 provided in this profile:

UPDATED: tables with card business data 2012-2016; growth rates: Y-o-Y, CAGR

Population, Cards per Capita, Card Value per Capita

Debit Cards, Credit/Delayed Debit Cards, Total Cards

Card payments by number and by value, ATV per card, payments per card/year

ATMs, POS terminals, ATMs/POS terminals per 1 million capita

ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month

POS payments by number/by value, ATV per POS payment, TXs per POS/month

Internet Use, e-payment mix, B2C e-Commerce by value and growth rate

Issued Card brands by individual major issuer bank

Accepted card brands by individual major acquirer

Drill down into the debit card use and credit cards use details

Product information

Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 

Version

1.0.0 last updated 2nd December 2017