Category: Banking & Financial Services
Banking & Financial Services market research reports by Euromonitor International
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Pre-Paid Cards in Israel
Pre-Paid Cards in Israel In 2023, closed loop pre-paid cards witnessed a decline in transaction value and volume, consistent with a continuing trend as consumers increasingly shift towards payment apps. Despite some consumers still having significant value loaded onto their Rav Kav pre-paid cards, t ... Read More
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Consumer Credit in Hungary
Consumer Credit in Hungary As inflation continues to rise, an increasing number of households find themselves in a financially precarious situation at the end of the month or salary payment periods. The impact of inflation bites into monthly budgets, leading to higher expenses for essential goods an ... Read More
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Pre-Paid Cards in Egypt
Pre-Paid Cards in Egypt Amid a concerted government focus on financial inclusion and extensive banking initiatives tailored to citizens of all age groups, the category of pre-paid cards remains on a robust growth trajectory within the Egyptian financial market. The successful proliferation of pre-pa ... Read More
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Pre-Paid Cards in Japan
Pre-Paid Cards in Japan In the review period, pre-paid cards showed progression to online (mobile, smart watch, etc...) payment, especially within transportation pre-paid cards such as Suica and PASMO cards. More people opted to use smartphone app versions of pre-paid cards rather than physical card ... Read More
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Consumer Credit in Malaysia
Consumer Credit in Malaysia In 2021 and 2022, many local consumers used personal loans when faced with unplanned expenses or a personal financial emergency. Malaysian banks were very active in offering personal loans to individuals, providing flexible repayments and offering longer repayment terms w ... Read More
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Store Cards in Peru
Store Cards in Peru The utilisation of store cards is on a notable decline, largely due to a transition where most stores have opted to partner with major operators in the market, like Visa or Mastercard. As a result, prominent department stores have ceased issuing standalone store cards and instead ... Read More
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Consumer Credit in Saudi Arabia
Consumer Credit in Saudi Arabia Other personal lending continues to be an area of interest in Saudi Arabia, as this category primarily constitutes personal loans taken for medical purposes and travelling. This has been particularly prominent since the end of pandemic restrictions heralded the reviva ... Read More
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Debit Cards in Indonesia
Debit Cards in Indonesia In 2023, the debit cards category has again experienced positive growth in both volume and value transactions, as it did in the previous year. The increase in people’s mobility following the lifting of restrictions imposed to limit the spread of COVID-19 has been the main re ... Read More
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Credit Cards in Morocco
Credit Cards in Morocco Morocco is a country heavily reliant on cash, with consumers historically favouring debit cards to any other types of financial cards; standard credit cards continue to suffer from a negative perception among locals for several reasons. The demand for credit cards remains rel ... Read More
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Charge Cards in Argentina
Charge Cards in Argentina Charge cards represent a diminishing segment within the payment industry, primarily due to their inability to provide financing options. Consumers increasingly favour credit cards over charge cards when making purchases, further contributing to the decline of this segment. ... Read More
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Pre-Paid Cards in Peru
Pre-Paid Cards in Peru The use of pre-paid cards has shown consistent growth over the last two years, particularly experiencing a notable surge in 2022 as pandemic-related restrictions were lifted and activities returned to a semblance of normalcy. However, in 2023, this growth has moderated, mainly ... Read More
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Charge Cards in Egypt
Charge Cards in Egypt Despite the evolving financial landscape, charge cards retain their status as an unpopular category in Egypt. The demand for charge cards remains stagnant, with no anticipated improvements in terms of popularity, transaction volumes, or market share expected over the forecast p ... Read More
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Debit Cards in Israel
Debit Cards in Israel In 2023, Israel experienced a notable surge in debit card usage as more individuals opted to pay with credit cards instead of cash. The number of debit cards in circulation increased remarkably. Furthermore, the volume of transactions using debit cards witnessed an increase in ... Read More
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Store Cards in Denmark
Store Cards in Denmark Store cards continue to lose popularity in Denmark, with the number of cards in circulation expected to fall slightly, with total transaction value falling significant. This is in spite of rising inflation. Store cards have not kept up with technology innovations and this is l ... Read More
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Debit Cards in Hungary
Debit Cards in Hungary With the merger of Takarékbank and MKB Bank, a new financial service provider was formed, MBH Bank. MBH Bank leads in the personal and commercial segments, including current accounts and debit cards, and is especially dominant in smaller towns and villages where Takarékbank wa ... Read More
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Consumer Lending in Morocco
Consumer Lending in Morocco While Morocco saw dynamic demand for consumer lending immediately post-pandemic as retailers and foodservice outlets reopened their doors to consumers, from September 2022 the market has been impacted by soaring prices impacting purchasing power across households. This tr ... Read More
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Consumer Lending in Peru
Consumer Lending in Peru Consumer lending has sustained notable growth in 2023, albeit at a more tempered pace compared to the robust expansions witnessed in the preceding years. This growth encompasses both the outstanding balance and gross lending, surpassing pre-pandemic levels experienced in 202 ... Read More
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Consumer Lending in Nigeria
Consumer Lending in Nigeria Gross consumer lending is expected to register growth in 2023, but with inflation continuing to be very high, it will not go far in terms of consumer spending. A new government has implemented some difficult decisions in order to stabilise the economy, including ending a ... Read More
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Financial Cards and Payments in Argentina
Financial Cards and Payments in Argentina The credit card business has become less lucrative for banks, primarily serving as a means to entice customers to deposit their salaries into banking institutions. The prevalent monthly inflation in Argentina has soared to alarming levels. Banks face the obl ... Read More
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Consumer Credit in Norway
Consumer Credit in Norway Consumer credit is enjoying a more prosperous year in 2023 than was expected, as the Norwegian economy remains resilient in the face of high inflation. The rate of inflation has reduced slightly in 2023, but it is still much higher than the 2% target. Interest rates have be ... Read More
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Consumer Credit in Morocco
Consumer Credit in Morocco Morocco’s latest unemployment data exhibits a rise to almost 13% in the first three months of 2023, from just over 12% over the same period last year, as the farming sector shrunk due to the worst drought in decades, directly affecting the sector’s demand for workers. Unem ... Read More
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Credit Cards in Greece
Credit Cards in Greece In 2023, credit cards are experiencing growth in terms of the number of cards, volume, and value of transactions. After a prolonged period of recovery from the Greek financial crisis of the previous decade, credit cards have found a stable position in the Greek market, albeit ... Read More
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Charge Cards in Hong Kong, China
Charge Cards in Hong Kong, China There has been a decline in the number of high net worth individuals (HNWI) in Hong Kong since 2020. In response, charge card operators such as American Express and Diners Club are determined to customise their latest offers to better cater for this shrinking client ... Read More
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Consumer Credit in Canada
Consumer Credit in Canada In 2023 the Bank of Canada has tweaked its prime interest rate several times. The impact on the housing market has been a rise in household mortgage debt. Consumers with variable rate mortgages or on the cusp of renewals have been struck especially hard. Euromonitor Interna ... Read More
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Consumer Credit in Turkey
Consumer Credit in Turkey The year 2023 witnessed a decline in the number of consumers obtaining personal consumer credit. As Inflation and the cost of living remained high, consumers relied on cash withdrawals from credit cards when they needed small sums of money. This shift in consumer behaviour ... Read More
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