Category: Banking & Financial Services
Banking & Financial Services market research reports by Euromonitor International
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Credit Cards in Japan
Credit Cards in Japan Credit card remains the leading method of cashless payment in Japan, accounting for the majority of transaction volumes and value. Although rising from a lower base than personal credit cards, commercial credit cards is set to see stronger growth in transaction values in 2024, ... Read More
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Charge Cards in Australia
Charge Cards in Australia Charge cards in Australia is experiencing a strong 2024, with growth in both the number and value of transactions made using commercial and personal charge cards. Charge cards target more affluent individuals or corporations, so spend per transaction tends to be higher. It ... Read More
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Debit Cards in Australia
Debit Cards in Australia The number of personal debit cards in Australia continues to increase in 2024, with this being one of the premier payment methods for local consumers since the use of cash started to decline during the pandemic. Euromonitor International’s Passport data shows that over 95% o ... Read More
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Financial Cards and Payments in Australia
Financial Cards and Payments in Australia The payments landscape in Australia has not witnessed many significant shifts in 2024, with key consumer trends from the previous year continuing. The majority of consumers are still making their payments using debit cards, although value growth via this pay ... Read More
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Credit Cards in Australia
Credit Cards in Australia The number of personal credit cards in circulation in Australia was on a downward trend at the beginning of the review period as consumers reduced their use of credit for purchases and elected to use Buy Now Pay Later (BNPL) services when wanting to make a delayed payment o ... Read More
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Pre-Paid Cards in Australia
Pre-Paid Cards in Australia Many consumers use closed loop pre-paid cards in Australia to access public transportation, such as Myki in Victoria and Go Card in Queensland. For many commuters, using these cards is the only way to access transportation with the rollout of debit card payments being inc ... Read More
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Store Cards in Australia
Store Cards in Australia The number of store cards in Australia continues to decline in 2024, while the category’s value growth is marginal, with the number of transactions remaining below pre-pandemic levels. This performance is reflective of its lost appeal in the current dynamic payment landscape ... Read More
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Consumer Credit in China
Consumer Credit in China The National Financing Regulatory Administration in China announced a series of measures in 2024 to mitigate market risk and limit the growth of non-performing loans. The new rules mandate that financial service providers need to have minimum registered capital of CNY1.0 bil ... Read More
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Financial Cards and Payments in China
Financial Cards and Payments in China In 2024, the Chinese economy has continued to be characterised by economic slowdown and a deflationary spiral. Many consumers have been holding off on discretionary spending and investment, as they expect the prices of goods and services to fall in the future. B ... Read More
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Credit Cards in China
Credit Cards in China Credit cards in China is expected to continue to experience contraction in 2024 in terms of both cards in circulation and volume and current value transactions. The reduction in the number of cards in circulation is mainly affected by ongoing government efforts to clean up “sle ... Read More
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Debit Cards in China
Debit Cards in China Debit card remains the dominant form of card payment in China, set to account for about 69% of card payment transaction value in 2024. Moreover, the number of debit cards in circulation increased by around 340 million in 2023, reflecting a 4% increase, while a further 124 millio ... Read More
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Pre-Paid Cards in China
Pre-Paid Cards in China Pre-paid cards in China is expected to see slight growth in 2024 in terms of cards in circulation and volume and current value transactions. This momentum will mainly be supported by the continued rebound of closed loop pre-paid cards by all measures, as travel and commuting ... Read More
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Consumer Credit in Hong Kong, China
Consumer Credit in Hong Kong, China Despite a sluggish economic outlook, Hong Kong residents have exhibited a robust appetite for borrowing. Following the relaxation of COVID-19 restrictions, there was a surge in pent-up demand for travel, dining, and entertainment. This led to increased spending, o ... Read More
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Pre-Paid Cards in Singapore
Pre-Paid Cards in Singapore In 2024, pre-paid cards in Singapore is expected to continue to see gradual growth. Open loop pre-paid cards is set to gain traction due to the broader acceptance and enhanced functionality of such cards across multiple payment scenarios. These cards are increasingly bein ... Read More
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Debit Cards in Singapore
Debit Cards in Singapore Debit cards is set to see solid growth in transaction values in Singapore in current value terms in 2024, along with an even stronger increase in transaction volumes. Debit cards are increasingly being used for low to medium value transactions, such as transportation, dining ... Read More
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Charge Cards in Singapore
Charge Cards in Singapore Credit cards and debit cards continue to dominate the card payments landscape in Singapore, with charge cards lagging far behind in terms of volume and current value transactions, and set to see only low growth in 2024. The primary reason for this is the limited merchant ac ... Read More
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Monetary Intermediation in Italy: ISIC 651
Monetary Intermediation in Italy: ISIC 651 PPI Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Monetary Intermediation: ISIC 651 market at a national level. It provides the ... Read More
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Financial Cards and Payments in Singapore
Financial Cards and Payments in Singapore Card payment transactions in Singapore are expected to grow significantly in current value and volume terms in 2024. Singapore’s transition toward a cashless society has continued to accelerate in 2024, underpinned by economic growth and strong consumer spen ... Read More
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Insurance and Pension Funding in Italy: ISIC 66
Insurance and Pension Funding in Italy: ISIC 66 PPI Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Insurance and Pension Funding: ISIC 66 market at a national level. It pr ... Read More
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Credit Cards in Singapore
Credit Cards in Singapore The strong recovery of Singapore’s tourism industry in 2024 is set to have a significant positive impact on credit card transaction volumes and current value transactions. International visitor arrivals are projected to reach 15-16 million in 2024, with tourism receipts est ... Read More
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Pre-Paid Cards in Hong Kong, China
Pre-Paid Cards in Hong Kong, China Pre-paid cards in Hong Kong continues to be mainly driven by the open loop format, with number of transactions, number of cards issued, and value transactions of the latter all continuing to rise in 2024. This is in contrast to the niche of closed loop pre-paid car ... Read More
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Monetary Intermediation in Germany: ISIC 651
Monetary Intermediation in Germany: ISIC 651 PPI Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Monetary Intermediation: ISIC 651 market at a national level. It provides t ... Read More
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Financial Cards and Payments in Hong Kong, China
Financial Cards and Payments in Hong Kong, China The financial cards and payments landscape in Hong Kong is mature, yet debit cards still lag behind credit cards in terms of number of transactions and overall value, despite the higher number of debit cards in circulation. Credit cards dominates valu ... Read More
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Charge Cards in Hong Kong, China
Charge Cards in Hong Kong, China High net worth individuals (HNWIs) in Hong Kong plan to spend an average of HKD870,000 (approximately USD111,000) for travelling, according to a study by Standard Chartered Bank. Many of these high-spending individuals tend to prioritise the quality of their travel e ... Read More
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Credit Cards in Hong Kong, China
Credit Cards in Hong Kong, China Since existing credit cards can already meet consumption needs, demand among Hong Kong’s citizens for new credit cards remains sluggish. However, growing credit card balances indicate that consumers are actively using their existing credit cards, and financial instit ... Read More
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