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Payments in Poland 2017

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Payments in Poland 2017 Payments in Poland, 2017 Selected pages from the original report by Inteliace Research October 2017 Version: 17.c Table of contents Executive Summary 3. Retail landscape (merchants) and payment methods Slide 23: Brick&mortar (b&m) vs. online retail landscape, 2015-2017 1. Payments in Poland and in Europe Slide 24: Key payments methods available in B&M and in online retail, 2017 Slide 1: Consumer markets in Europe, 2016 Slide 25: Survey on payment methods in 72 large online stores, Oct. 2017 Slide 2: Total payments in Poland, structure by type, 2012-2016 Slide 26: Online merchants & payment methods– case (1/3): Allegro Slide 3: Total payments: Europe vs. Poland, structure by type, 2016 Slide 27: Online merchants & payment methods– case (2/3): RTVEuroAGD Slide 4: Card payment volumes in Europe & in Poland (1/2), 2014-2016 Slide 28: Online merchants & payment methods– case (3/3): empik.com Slide 5: Card payment volumes in Europe & in Poland (2/2), 2016 Slide 29: Key players in specialized mobile payments (parking, public /municipal transportation, regional railways), 2017 2. Payments and payment infrastructure in Poland Slide 30: Use of payment cards as tickets in public transport Slide 6: Card payments in Poland, 2012-2017F Slide 31: Block chain technology & bitcoin in Poland: Exchanges, bitcoin Slide 7: POS infrastructure evolution in Poland, 2012-2017F acquirers, merchants, 2017 2017 Poland, in Payments Slide 8: Cards/terminals in Poland by functionality, 2Q2015-2Q2017 Slide 9: ATM networks in Poland, 2012-2017H1 Slide 10: ATM cash withdrawals in Poland, 2012-2017F 4. Key players by segment Slide 11: Cash in circulation and interest rates in Poland, 2012-2017H1 Slide 32: Mobile payment schemes (1/2): BLIK Slide 12: Cards issued in Poland, 2012-2017H1, split by type & brand, Slide 33: Mobile payment schemes (2/2): PeoPay 2017Q1 Slide 34: Digital wallets (1/3): MasterPass Slide 13: Top payment card issuers in Poland, H1 2017 Slide 35: Digital wallets (2/3): VISA Checkout Slide 14: Automated Clearing House (ACH) systems in Poland; Transaction Slide 36: Digital wallets (3/3): Android Pay volumes: ELIXIR, Express ELIXIR, SORBNET2, BlueCash, BLIK, 2012- Slide 37: Payment aggregators (1/3): PayU 2016 Slide 38: Payment aggregators (2/3): Przelewy 24 Slide 15: Evolution of mobile payments in Poland – Global pays Slide 39: Payment aggregators (3/3): Dotpay/eCard Slide 16: Overview of mobile payments in Poland by origin of funds, 2017 Slide 40: Digital wallet with hybrid funding: PayPal Slide 17: Key players in payment applications/wallets in Poland, 2017 Slide 41: Payment gate for ACH-based pay-by-links: Paybynet Slide 18: Poland - retail payment services landscape, 2017 Slide 19: HCE-NFC users evolution, key banks in HCE NFC, 2015-2017Q2 Appendix: Directory of firms mentioned in the report Slide 20: PSD2 and its implementation in Poland Slide 21: PSD2 and its expected impact in Poland by stakeholder type Slide 22: Total payments in Poland, forecast for 2022 2 Inteliace Research The explosive growth in card payments in Poland is expected to decelerate in 2017 Card payments in Poland vs. Europe, 2014-2016 420 Norway 2.1 400 Total annual card 380 Most advanced markets xx payments volume, 2016, in billion 360 Denmark 340 Sweden Advanced 1.9 320 3.2 300 cardannual Average Finland paymentspercapita, 2016 280 1.5 2017 Poland, in Payments UK 260 16.4 240 Netherlands Estonia 3.9 220 0.3 0.1 200 Developed France Luxembourg Ireland 180 11.0 Belgium 160 0.8 1.7 140 1.5 Poland 2017F 0.2 Switzerland Poland 2016 120 Portugal 1.0 Latvia Poland 2015 100 Spain 3.8 Slovenia 80 0.2 3.2 0.2 3.5 Fast growing 0.6 0.4 0.7 2.6 60 0.3 Lithuania CEE markets Austria 4.1 0.5 40 2.6 Early stage Early Slovakia Germany* Hungary Czech Rep. 20 Croatia Italy 0.4 Romania 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 Average annual growth in number of card payments (CAGR), 2014–2016, in % * Local payment scheme existing and using alternative solutions e.g. Direct Debit Source: ECB, SNB, NB, Eurostat, NBP, Inteliace Research 3 Inteliace Research While the value of ATM withdrawals keeps increasing, the number of transactions is heading lower ATM withdrawals*: Value CAGR (%) in PLN billion 2012-2017F 382 +6 362 6 +10 Total 306 325 6 291 300 5 Foreign 4 4 5 transactions +6 • The value of cash 357 376 287 295 301 320 withdrawals continues to Domestic transactions increase, however, at a 2017 Poland, in Payments decelerating rate. • At the same time, the 2012 2013 2014 2015 2016 2017F volume of cash transactions has been falling. ATM withdrawals*: Volume in billion transactions • The average value of a single cash withdrawal is CAGR (%) 2012-2017F growing. Total 0.79 0.77 0.78 0.75 0.76 0.71 -2 0.01 0.01 Foreign 0.01 0.01 0.01 0.01 +9 transactions Number of cash 0.76 0.78 0.77 0.74 0.75 -2 transactions is likely Domestic 0.70 to fall in future transactions 2012 2013 2014 2015 2016 2017F Average transaction value(PLN) 379 379 391 432 474 540 * Card withdrawals with cards issued in Poland. Domestic and foreign transactions included Source: NBP, Inteliace Research 4 Inteliace Research Competition in retail payments in Poland has intensified. The race for merchant relationships is on Poland - retail payment services landscape, 2017 • PayPal Likely future positions Many • There is already a significant number of • PayU payment applications competing for clients in Poland. 2017 Poland, in Payments • The key battle that • mPay will decide the future shape of Poland`s Merchant-sponsored Specialized, sector- • SkyCash payment market will solutions oriented services • moBilet likely play out Few • iKasa • BLIK between ACH-based models (BLIK) and • MasterPass various digital wallets (payment cards-based Sources of money / banks / money of Sources • Android Pay models). • Visa Checkout* • Specialized and merchant/issuer • Multiple bank proprietary sponsored services Issuer-sponsored HCE solutions: PKO, BZ WBK, Eurobank, Getin etc. are likely to occupy solutions market niches. Single • PeoPay • Ukash • paysafecard Single Few Many Merchants * For the moment no merchants in Poland accept Visa Checkout. Source: Inteliace Research 5 Inteliace Research The first card-based billing systems in public transport have been tested in Poland. Major cities to follow Examples of adoption of payment cards in public transport services, 2016-2017 Town IT partner Overview Świebodzice MCX Systems • First payment card based, ticketless solution in Poland • Pilot started in Jan. 2016 • A single fare paid by tapping a contactless payment card on a reader • Rybnik Pilot started in 2017 MCX Systems 2017 Poland, in Payments • First implementation of check in / check out model • A fare paid by tapping a contactless payment card on a reader while getting on and off the bus in order to determine the amount due Jaworzno Mennica Polska • Pilot started in Jan. 2017 • In order to pay, client selects the desired ticket first and then taps the card – a solution to serve multiple types of tickets available Łódź Mennica Polska • Pilot started in Sept. 2017 in selected trams • check in / check out model Wrocław, Warszawa, Currently in the planning phase. Selection of system and tender upcoming other • So far, only smaller cities have tested/adopted ticketless card payments in public transport • However, the relatively low usage and high costs of the technology prevent adoption in smaller cities • A breakthrough could be a mass adoption of ticketless solution in one of major cities: Warszawa, Łódź or Wrocław Source: press, Inteliace Research 6 Inteliace Research Companies mentioned in the report Brand/banner Company name Type Blue Media Blue Media S.A. ACH KIR Krajowa Izba Rozliczeniowa S.A. ACH Elavon Elavon Financial Services acquiring eService eservice Sp. z o.o. acquiring IT Card IT Card CTP S.A. acquiring PayTel PayTel SA acquiring Pekao CK Centrum Kart S.A acquiring PEP CRE Polskie ePłatności S.A. acquiring Polcard First Data Polska S.A. acquiring SIX Pay SIX Payment Services (Europe) S.A. acquiring Dotpay Dotpay S.A. aggregator eCard eCard S.A. aggregator PayU PayU S.A. aggregator Przelewy24 PayPro SA, DialCom24 Sp. z o.o. aggregator tpay Krajowy Integrator Płatności S.A. aggregator Bitbe.co Ltd Bitbe.co Ltd BTC acquiring InPay InPay S.A. BTC acquiring 4coins.pl 12 M sp. z o.o. BTC exchange BitBay.net BitBay Sp. z o.o. BTC exchange bitcurex.com Digital Future LLC Sp. z O.O. BTC exchange bitfox.pl Bitfox sp. z o.o. BTC exchange bitmarket.pl Michau Enterprises Limited BTC exchange bitmarket24.pl BitMarket24 Sp. z o.o. BTC exchange Bitmaszyna.pl Androbayt Sp. z o.o. BTC exchange 2017 Poland, in Payments Bitstar bitstar sp. z o. o. BTC exchange btcduke.com BTCDuke sp. z o.o. BTC exchange Cryptoins.com Cryptoins.com Ltd BTC exchange dgtmarket.com Digital Market Sp. z o.o. BTC exchange flyingatom.com FlyingAtom Sp. z.o.o. BTC exchange nevbit.com Nevonet Sp. z o o BTC exchange simplecoin.pl Simple Coin s.r.o. BTC exchange PaySafeCard, Ukash Prepaid Services Company Ltd. cash vouchers BZ WBK Bank Zachodni WBK SA HCE-issuer bank eurobank Euro Bank S.A. HCE-issuer bank Getin bank Getin Noble Bank S.A. HCE-issuer bank Millennium HCE Bank Millennium SA HCE-issuer bank Pekao HCE Bank Polska Kasa Opieki SA HCE-issuer bank PKO HCE PKO Bank Polski SA HCE-issuer bank SGB HCE SGB-Bank S.A. HCE-issuer bank BLIK Polski Standard Płatności Sp.
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