Lockbox Services Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Lockbox Services category?

Are you looking for answers on Lockbox Services category?

  • What are the key trends in Lockbox Services category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Lockbox Services industry?
  • How is Lockbox Services industry performing?

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Report Coverage

  1. Market Analysis
  2. Lockbox Services: Drivers and Constraints
  3. Key Market Trends
  4. Cost Structure Analysis

Production Size

Global Production Size/ Capacity

$63 Billion

CAGR

1.5 %

Table of Contents

  1. Executive Summary
  2. Executive Summary
  3. Impact of COVID-19 on Lockbox Services
  1. Market Analysis
  2. Lockbox Services Market Overview
  3. Lockbox Services: Adoption Trends in the market
  4. Lockbox Services: Drivers and Constraints
  5. Porter’s Five Forces Analysis: Lockbox Services Industry
  1. Market Trends
  2. Key Market Trends
  3. Technological Development/Innovation Practices
  1. Cost Structure Analysis
  2. Average Fee schedule/Structure for Lockbox Services
  3. Major Cost Drivers for Lockbox Services
  1. Industry Best Practices
  2. Lockbox Service Deployment Model
  3. Contract Model and
  4. Pricing Model
  5. Enterprises and Organizations Conducive of Using Lockbox Services
  6. Lockbox Services - Key Performance Indicators
  7. Some of the Key KPI Components Followed to Measure Lockbox Services

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Lockbox Services Global Market Outlook:

North America Bank Lockbox Service Volume/Items Forecast (In Billion $) (2020 Estimate) - $63 billion

  • North America has the most mature lockbox service until today. The services started early here and has consistently matured in terms of expansion and technological improvements
  • Advance in technology in most European and APAC countries have made them jump from cash/cheque payments to EFTs and Card modes of payment
  • Some developing countries are still using traditional cheque pickups/drop and clear method. This is widely due to lack of service capability by service providers and unawareness among the users

Porter's Analysis on Lockbox Services

Supplier Power

  • The supplier here would be the banks/non-bank institutions, providing the lockbox service
  • Determining the lockbox fees (monthly, maintenance, per transaction) remains in the hands of the supplier
  • The decision to waiver/provide a discount on fees remains with the supplier
  • With businesses switching to faster and cheaper modes of payment, the bargaining power of the lockbox service providers is low

Barriers to New Entrants

  • The barriers for new entrants is high in the market, as it is unlikely for a new entrant to succeed against the current major players who have a large customer base in the market
  • Heads-up cost for setting up lockbox services around a country or continent is higher when compared to setting up other modes of payments. So, new entrants have a lot to think about investing in a system that has a very minimal annual growth rate and is becoming widely unpopular

Intensity of Rivalry

  • Intensity of rivalry is medium in North American regions, as they are the only region with mature lockbox service providers

  • Only a small number of banks and non- banking institutes offer lockbox services in Europe, APAC, and LAMEA countries. So, the intensity of rivalry ranges from medium to low in these regions

  • SMEs and other industries with smaller inward transfers, take advantage of Card, EFTs and mobile payment systems, over cheque payments

Threat of Substitutes

  • The threat of substitutes is expected to be high in the market in the near future, as the world is moving towards a cashless economy model
  • There are a number of alternate payment modes, such as mobile wallets, fund transfer through bank websites and with echecks and eLockbox models, ready to replace traditional lockbox services

Buyer Power

  • Buyers look for best deals on the services and subscribe for the company, which gives the best deals (smaller fees and better service capability)
  • The bargaining power is high, as the buyer can easily switch to other suppliers or faster electronic transfers, if they feel the cost of lockboxes is high
  • Buyers can ask for detailed remittance statement on cheques received and processed from the supplier, at any time and the supplier must oblige

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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Complimentary 12-month access to Beroe LiVE

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COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)