Category: Banking & Financial Services
Banking & Financial Services market research reports by Euromonitor International
-
Pre-Paid Cards in the United Arab Emirates
Pre-Paid Cards in the United Arab Emirates Pre-paid cards in the United Arab Emirates is experiencing a surge in innovation and growth, driven by evolving consumer preferences, technological advances, and the increasing popularity of digital payments. Mobile reloading options, such as bank transfers ... Read More
-
Debit Cards in the United Arab Emirates
Debit Cards in the United Arab Emirates Contactless payments are becoming increasingly popular in the United Arab Emirates, driven by the convenience and safety they offer. Banks are accelerating the adoption of contactless payment technology, embedding NFC (Near Field Communication) chips into debi ... Read More
-
Credit Cards in the United Arab Emirates
Credit Cards in the United Arab Emirates The credit cards category in the United Arab Emirates is set to experience strong growth by all measures in 2023, fuelled by a combination of favourable economic conditions, evolving consumer preferences, and the adoption of new technologies. The continued gr ... Read More
-
Consumer Lending in the United Arab Emirates
Consumer Lending in the United Arab Emirates Despite rising inflation, increasing mortgage rates and interest rates, consumer lending in the United Arab Emirates remains buoyant in 2023. The local economy’s recovery and expansion are influencing the momentum of consumer lending, but geopolitical ten ... Read More
-
Consumer Credit in the United Arab Emirates
Consumer Credit in the United Arab Emirates Banks in the United Arab Emirates continue to offer attractive card lending offers in 2023. With many credit cards now having appealing credit limits depending on the salary range and credit score of consumers, many banks are offering to convert available ... Read More
-
Store Cards in South Korea
Store Cards in South Korea Store cards in South Korea is experiencing a trend of stagnant growth. Despite the enduring appeal of store cards and their unique set of benefits, the growth rates in both 2022 and 2023 feature stabilisation rather than substantial expansion. Hyundai Department Store domi ... Read More
-
Credit Cards in South Korea
Credit Cards in South Korea In 2022, the relaxation of pandemic-related restrictions, including the easing of social distancing rules, heralded a significant shift in local consumers’ behaviour. With a newfound freedom to venture outdoors, a growing number of individuals opted to spend their time in ... Read More
-
Pre-Paid Cards in South Korea
Pre-Paid Cards in South Korea In 2022, South Korea witnessed growth in both the issuance and usage of pre-paid cards in line with greater mobility outside of the home. Shinhan Card, in particular, played a role in driving this growth, reporting a remarkable increase in the retail selling price (RSP) ... Read More
-
Consumer Credit in South Korea
Consumer Credit in South Korea One of the most significant global issues concerning consumer credit is BNPL (Buy Now Pay Later) services, which enable consumers without sufficient funds to make an immediate purchase, locally known as “thin filers”, to obtain goods and pay at a later date. Globally, ... Read More
-
Debit Cards in South Korea
Debit Cards in South Korea In 2023, the number of debit cards in circulation in South Korea continues to gradually decline following a steady upward trend over 2019-2021. The decline is primarily underpinned by two fundamental factors; namely the declining teenage population and the surging prominen ... Read More
-
Financial Cards and Payments in South Korea
Financial Cards and Payments in South Korea The landscape of card transactions in South Korea is undergoing a remarkable transformation marked by a gradual decline in cash usage. This paradigm shift is primarily driven by the widespread adoption of mobile financial services, a trend that has gained ... Read More
-
Consumer Lending in South Korea
Consumer Lending in South Korea Gross consumer lending’s growth is continuing to outperform outstanding balance, driven by card lending, as local consumers spend more with the reopening of society and cross-border travel. However, outstanding balance on card lending (encompassing card purchases and ... Read More
-
Pre-Paid Cards in Thailand
Pre-Paid Cards in Thailand Pre-paid cards are largely used for commuting and travelling in Thailand, with a considerable amount of closed loop pre-paid card usage accounted for by electronic ticketing on the Thai capital’s public transportation systems BTS and MRT. During the COVID-19 pandemic, comm ... Read More
-
Debit Cards in the Philippines
Debit Cards in the Philippines Debit cards in the Philippines have largely been known and treated as ATM cards only. Prior to the outbreak of Coronavirus (COVID-19), the use of debit cards was primarily for making cash withdrawals. This was because most people were either unaware that they could use ... Read More
-
Financial Cards and Payments in Thailand
Financial Cards and Payments in Thailand In 2023, the Thai economy is witnessing an economic recovery following the harsh impact of the pandemic and consumer confidence is on the rise. Private consumption is gathering momentum aided by the government program “Shop Dee Mee Kuen” (Shopping and Payback ... Read More
-
Financial Cards and Payments in Malaysia
Financial Cards and Payments in Malaysia Financial cards and payments in Malaysia in 2023 exhibited significant continuation with 2022 in terms of the direction of travel in the post-Coronavirus (COVID-19) period. The strong moves towards a cashless society in Malaysia, pushed by the government and ... Read More
-
Financial Cards and Payments in Saudi Arabia
Financial Cards and Payments in Saudi Arabia Saudi Arabia has taken significant steps to transform itself into a cashless society – starting even before the event of the COVID-19 pandemic, which triggered digital evolution in industries globally. In this regard, the Kingdom of Saudi Arabia (KSA) has ... Read More
-
Pre-Paid Cards in Italy
Pre-Paid Cards in Italy Pre-paid cards continued to be one of the most popular types of financial card in Italy, particularly in the case of young adults or those without a bank account. However, as with other financial cards, the rise of contactless payments expanded usage of pre-paid cards to a wi ... Read More
-
Charge Cards in Thailand
Charge Cards in Thailand During the COVID-19 pandemic, the charge card category declined significantly due to restrictions on all activities such as traveling, dining and entertainment, which impacted normal patterns of expenditure. In the post-pandemic era, consumers have returned to routine spendi ... Read More
-
Debit Cards in Saudi Arabia
Debit Cards in Saudi Arabia Debit cards continue to make up a large portion of all financial cards in Saudi Arabia. Indeed, debit cards are even more prevalent than credit cards in the KSA, owing to a number of factors, such as wide acceptance and convenience of use, as well as an absence of charges ... Read More
-
Credit Cards in Malaysia
Credit Cards in Malaysia The resumption of daily routines as the country emerges out of the Coronavirus (COVID-19) crisis has sparked spending on both personal and commercial credit cards. In 2023, the number of commercial credit cards in circulation is rebounding, following declines caused by the e ... Read More
-
Pre-Paid Cards in the Philippines
Pre-Paid Cards in the Philippines The Coronavirus (COVID-19) pandemic led to a series of government aid initiatives distributed through pre-paid cards. This contributed to rising awareness among consumers about these financial products and their convenience, especially for lower-income Filipinos. Th ... Read More
-
Store Cards in Thailand
Store Cards in Thailand At the beginning of 2023, the Thai government launched the Shop Dee Mee Khuen (Shop and Pay tax deductions program) allowing a personal income tax deduction of up to THB40,000. This programme covers a variety of goods and services such as fuel, food and beverages, products so ... Read More
-
Financial Cards and Payments in Italy
Financial Cards and Payments in Italy Financial cards and payments performed well in Italy in 2023, both in terms of the number of cards in circulation and the value of transactions. Growth was underpinned by the growing trend towards cashless payments, even for smaller amounts, thanks to the develo ... Read More
-
Debit Cards in Thailand
Debit Cards in Thailand The adoption of digital payments in Thailand is growing, backed by the central bank policy to shift towards a less cash-reliant society which is free of charge transactions. The banking industry has launched cardless withdrawals to bring greater convenience to customers. Paym ... Read More
Research Assistance
