In 2023, the issuance of credit cards is expected to remain almost flat, with no significant increase. Growth rates for the number and value of transactions are also expected to decelerate compared to the previous year. The value of transactions, particularly for personal credit cards, is anticipated to decline as Colombians become more cautious. Household consumption is expected to barely grow in 2023, with an increase of only 0.2%, according to Banco de La República. This will mainly affect th...
Euromonitor International's Credit Card Transactions in Colombia report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Credit Card Transactions, Personal Credit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Credit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Credit Cards in Colombia
Euromonitor International
November 2023
List Of Contents And Tables
CREDIT CARDS IN COLOMBIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Credit card use and household consumption
Banks compete with credit card perks and incentives
BanColombia maintains is lead in 2023
PROSPECTS AND OPPORTUNITIES
High interest rates and consumer caution impact credit card growth
Buy Now Pay Later: the convenient alternative for Colombian shoppers
Digitalisation drives expansion of virtual cards
CATEGORY DATA
Table 1 Credit Cards: Number of Cards in Circulation 2018-2023
Table 2 Credit Cards Transactions 2018-2023
Table 3 Credit Cards in Circulation: % Growth 2018-2023