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Emerging Opportunities in Portugal's Cards and Payments Industry to 2017: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
M2 - Mon Jul 08, 9:51AM CDT
Research and Markets (http://www.researchandmarkets.com/research/h58w8d/emerging) has announced the addition of the "Emerging Opportunities in Portugal's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape" report to their offering. The Portuguese financial system has been dramatically affected by the sovereign debt crisis. In order to stabilize the country's economy, Portugal adopted austerity measures such as huge spending cuts, tax rises and a freeze on pensions. The total cards and payments industry exhibited nominal growth during the review period (2008-2012) with a CAGR of 0.28% and is expected to record a CAGR of 1.91% during the forecast period. Card volume grew from 20.8 million in 2008 to 21 million in 2012 while total cards in circulation are expected to grow from 21.6 million in 2013 to 23.3 million in 2017. In terms of payment channels, credit transfers held the highest market share of 78.5% in 2012, followed by check payments with the s