Impact of COVID-19 on the card and payment industry in France, 2020

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“Coronavirus (COVID-19) Sectoral impact: overview of payments – France” report has been added to ResearchAndMarkets.com’s “Data-reactid =” 19 “> The report” Coronavirus (COVID-19) Sector Impact: Payments Snapshot – France “has been added to ResearchAndMarkets.com’s offer.

This report focuses on the impact of the coronavirus epidemic on the economy and the card and payment industry in France.

Based on proprietary data sets, this snapshot provides a detailed comparison between the pre-COVID-19 forecast and the revised forecast of total transactions by payment card, debit and credit card and payment card in value and volume. It also provides information on the measures taken by the government to combat coronaviruses.

Fears over the impact of COVID-19 have already severely hampered the global economy, with key markets around the world losing 20 to 50% of their value since the start of the year. Many economists and institutions have revised downward, with consensus global GDP growth currently 2.6% for 2020 and many experts predicting the potential for recessionary environments.

A similar trend is also expected in France, as the country’s economic growth is expected to decline in the first quarter of 2020 and slow further if this disease is not brought under control as soon as possible. This decline will have a negative impact on all sectors, including banking and payments.

  • France’s GDP has been revised downwards for 2020 due to the economic disruption caused by the coronavirus epidemic. There has been a sharp increase in flight cancellations, hotel reservations and major cultural and sporting events, including the International Tourism Fair and the Paris Book Fair.
  • According to the French government, 2.2 million Chinese visitors spent a total of $ 4.4 billion in 2019, and all reservations made by Chinese visitors for 2020 have been canceled since mid-February.
  • The drop in overall consumer spending precipitated by the epidemic and the freeze in France will be partially offset by an increase in online payments.
  • Make strategic decisions using revised high-level forecast data on the French payments industry.
  • Understand the main trends, challenges and opportunities in the French card and payment sector.
  • Receive a complete overview of the payment market in France.
  • COVID-19 update
  • Impact assessment
  • Total payment card market compared to pre-COVID-19 forecasts
  • Debit card payment market vs pre-COVID-19 forecast
  • Credit card and payment card market versus pre-COVID-19 forecast
  • https://www.researchandmarkets.com/r/hq0vji “data-reactid =” 41 “> For more information on this report, visit https://www.researchandmarkets.com/r/hq0vji

    See the source version on businesswire.com: https://www.businesswire.com/news/home/20200414005806/en/“Data-reactid =” 42 “>See the source version on businesswire.com: https://www.businesswire.com/news/home/20200414005806/en/

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    Laura Wood, senior press director
    [email protected]

    For E.S.T business hours, call 1-917-300-0470
    For the United States and Canada, call toll free 1-800-526-8630
    For GMT office hours, call + 353-1-416-8900

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