Category: Banking & Financial Services
Banking & Financial Services market research reports by Euromonitor International
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Financial Cards and Payments in France
Financial Cards and Payments in France Financial cards continues its progress in 2023, however, with mixed results. Global inflation continues to create an uncertain economic climate and an increasing price-sensitivity around sales of fast-moving consumer goods (FMCGs), leading to widespread discoun ... Read More
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Financial Cards and Payments in Mexico
Financial Cards and Payments in Mexico Financial cards and payments in Mexico in 2023 has been marked by growth, and adaptation to consumer needs. Post-pandemic economic recovery has been playing a pivotal role in boosting card usage and transaction volumes and values. This recovery, coupled with in ... Read More
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Financial Cards and Payments in Morocco
Financial Cards and Payments in Morocco Morocco’s commitment and investments in financial inclusion are paying off, with the nation having recorded double-digit growth in account ownership since 2017; this makes Morocco one of only four countries worldwide to achieve this. According to the latest Wo ... Read More
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Consumer Credit in Sweden
Consumer Credit in Sweden Consumer credit suffered during the first year of the COVID-19 pandemic, when economic uncertainty saw the postponement of larger purchases. While gross lending surpassed pre-pandemic levels in 2022, consumers remained cautious, amid much uncertainty about the future. Auto ... Read More
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Consumer Credit in the Philippines
Consumer Credit in the Philippines Towards the end of the review period consumer loans has shown continuous current value growth. In 2023, current value growth is being driven by credit cards and various personal lending options, particularly salary-based general purpose loans. Meanwhile, the perfor ... Read More
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Charge Cards in Sweden
Charge Cards in Sweden Charge cards are increasingly viewed as a niche product in Sweden, accounting for just 1% of all transactions in 2023, and therefore recorded further decline in the year. In a development which started before the COVID-19 crisis, fewer and fewer people are attracted to persona ... Read More
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Consumer Credit in Chile
Consumer Credit in Chile Historically, when a consumer applied for a bank loan, the commitment was typically honoured until the debt was fully repaid because the process of making a change was costly and time-consuming. In 2020, Chile introduced the Financial Portability Law (Portabilidad Financiera ... Read More
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Store Cards in France
Store Cards in France From many years, there has been a decline in the number of store cards in France, along with a lowering of the average spend. The economic context and inflationary pressures are notable factors here, along with the fact that French consumers typically try to limit their numbers ... Read More
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Consumer Credit in Colombia
Consumer Credit in Colombia In the early months of 2023, a challenging macroeconomic climate, coupled with low consumer confidence, high interest rates to curb demand and soaring inflation, as well as political uncertainty, resulted in a marked deceleration in the issuance of new loans across all cr ... Read More
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Consumer Lending in Israel
Consumer Lending in Israel In 2023, the Bank of Israel implemented a significant benchmark interest rate hike. This resulted in a sharp increase in mortgage payments, impacting individuals who hold mortgages and loans. The aggressive interest rate hikes have escalated mortgage and loan holding costs ... Read More
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Consumer Lending in the United Kingdom
Consumer Lending in the United Kingdom In comparison with Eurozone countries, the UK economy has continued to be impacted by high inflation and the soaring cost of living in 2023. While rising electricity and gas prices drove inflation in 2022, they have been gradually decreasing in 2023, and what i ... Read More
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Consumer Lending in Egypt
Consumer Lending in Egypt Consumer credit and lending have experienced substantial growth in the past year. In March 2023, the Central Bank of Egypt reported a significant increase in consumer credit. The rise is attributed to an increase in both local and foreign currency liquidity, shifts in consu ... Read More
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Consumer Lending in the Philippines
Consumer Lending in the Philippines At the beginning of 2023, the industry anticipated a surge in consumer lending demand as Filipinos resumed spending as the country emerged out of the Coronavirus (COVID-19) pandemic. A substantial share of consumers also resorted to loans to manage their expenses. ... Read More
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Consumer Lending in Indonesia
Consumer Lending in Indonesia The consumer lending category has experienced another strong performance in Indonesia in 2023. Gross lending has shown further positive growth during the year, along similar lines to 2022. Improving economic conditions as a result of people's increased mobility since th ... Read More
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Consumer Lending in Taiwan
Consumer Lending in Taiwan In 2023, the total credit amount in Taiwan surged over the previous year. This figure has doubled since pre-pandemic levels at the end of 2019. Taiwan's financial landscape boasts a multitude of institutions holding significant liquid funds. Taiwanese consumers are increas ... Read More
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Financial Cards and Payments in Sweden
Financial Cards and Payments in Sweden The two pandemic years boosted the use of financial cards in Sweden. While the use of cash in the country was already exceptionally low by global standards at the start of the review period, its role diminished further during the pandemic due to consumer hygien ... Read More
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Financial Cards and Payments in Israel
Financial Cards and Payments in Israel In 2023, Israel is experiencing a notable surge in the use of digital wallets, largely driven by the rising number of providers and the inherent convenience they offer. The entry of major players like Apple Pay in late 2021 significantly boosted the adoption of ... Read More
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Consumer Lending in France
Consumer Lending in France Consumer lending is facing challenges in 2023, arising from the current socioeconomic environment. Indeed, as society began to recover from the impacts of the pandemic era, new factors came to play, from soaring global interest rates to the ongoing Russia-Ukraine war, whic ... Read More
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Consumer Credit in Vietnam
Consumer Credit in Vietnam The biggest story in consumer lending in 2023 is the issuing of the new Circular by the State Bank of Vietnam, to promote consumer lending for daily needs. To encourage banks to increase their lending activities, including consumer lending, the State Bank issued Circular N ... Read More
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Consumer Credit in France
Consumer Credit in France Consumer credit is facing challenges in 2023, due to the uncertainty of the overall economic context. Negative influencing factors include high inflation, geopolitical unrest concerning the ongoing Russia-Ukraine war, and, in light of this situation, a degree of consumer ca ... Read More
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Consumer Credit in Argentina
Consumer Credit in Argentina While the Buy Now, Pay Later mechanism is still in its early stages in the country, new companies are emerging with innovative models, such as GOcuotas. Despite being relatively small, GOcuotas is experiencing remarkable growth, boasting an annual rate of 500%. Presently ... Read More
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Store Cards in Morocco
Store Cards in Morocco The popularity of store cards was already in decline during the review period. Among the main reasons for this is that many local consumers struggle to see the advantages that these cards offer or, alternatively, they understand the advantages but do not believe that these are ... Read More
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Pre-Paid Cards in Romania
Pre-Paid Cards in Romania Pre-paid cards are experiencing significant growth in 2023, encompassing a surge in the number of cards in circulation, the volume of transactions, and their overall value. This surge is primarily attributed to the remarkable growth potential observed in open-loop cards, cr ... Read More
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Credit Cards in Peru
Credit Cards in Peru The landscape of credit cards in 2023 exhibits a dynamic where growth, while still apparent, has tapered in comparison to preceding years. This slowdown is a result of heightened prudence exercised by users, stemming from their concern over the stagnant economic growth. The evol ... Read More
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Charge Cards in Mexico
Charge Cards in Mexico Charge cards, which is predominantly represented by American Express, is expected to experience a remarkable resurgence in 2023. In this year charge cards is expected to rebound to around the pre-pandemic levels of usage and card issuance. This rising trend is evident across b ... Read More
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