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  • United Kingdom: Credit card profits grew strongly between 2010 and 2014 as issuers cleaned up their portfolios in the wake of the global financial crisis; however, Lafferty expects sluggish growth in volume and more transactional behaviour among cardholders to constrain growth in the forecast years.
  • Kenya: It is likely that Kenyans will continue their preference for mobile money over debit cards over the next several years. Lafferty forecasts that, by 2018, the annual value of mobile payments will reach $47.7 billion, while total debit card billed volume will amount to $14.6 billion.
  • Poland: Poland is one of the leading markets globally for contactless payments. In 2015, over half of all POS transactions in the country were contactless. The popularity of contactless payments suggests great potential for the adoption of mobile payments. A range of mobile contactless payment solutions have been launched by banks, networks and mobile operators.
  • Slovakia: Merchant acquiring in Slovakia has traditionally been carried out by the leading issuing banks, but this is set to change with Global Payments entering the market through a joint venture.



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Established in 1981 by the company founder and executive chairman, Michael Lafferty, Lafferty Group has continued to be the leading global specialist provider of industry research and thought leadership for the retail banking and consumer financial services industry for over three decades.

With particular specialisations in the fields of retail banking, cards and payments and mobile financial services, the group's comprehensive services include Senior Management Councils, Benchmarking Research, Thought Leadership Reports, Conferences, Management Roundtables and Webinars as well as Intelligence and Advisory Services.

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Lafferty Global Research Databases
Lafferty Global Research databases are an online resource providing critical market and competitor intelligence on payment cards, e-money, acquiring/processing, retail banking and consumer lending. Covering over 70 countries, Lafferty Global Research databases provide clients with the information they need to make informed decisions in those markets where they already have a presence, as well as enabling them to make an accurate assessment prior to entering (or leaving) a market.

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Lafferty Group report on exciting new industry developments, especially in the areas of retail banking, cards and payments, innovation in banking, e-money and e-commerce. With the knowledge we provide, our readers can be proactive instead of reactive.

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The Lafferty News Service provides the weekly Retail Banking Intelligence and the weekly Cards, Payments & Mobile Intelligence newsletters as well as the monthly Merchant Services Intelligence and Digital Banking Intelligence.

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With the launch of the Retail Banking Academy in 2012, Lafferty Group made a major commitment to professional education for the banking industry. The Academy operates worldwide and is the only educational and professional body in the world dedicated exclusively to offering postgraduate professional education in the retail banking and cards and payments fields.