Category: Credit Cards
Credit Cards market research reports by Euromonitor International
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Consumer Credit in Germany
Borrowing in Germany was slow in 2024 due to persistently high interest rates, as a direct result of the European Central Bank's (ECB) monetary tightening policies. The ECB's strategy to control inflation led to increased borrowing costs, thereby having a considerable effect on both consumer and bus ... Read More
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Financial Cards and Payments in South Africa
Despite a steady increase in real GDP growth in 2024, South African households still faced financial challenges. This struggle was highlighted by persistently high unemployment rates, which remained above 30%, forcing over 20% of households to rely on social grants. The challenges were exacerbated b ... Read More
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Pre-Paid Cards in South Africa
Despite recording a positive performance in 2024, pre-paid cards in South Africa has been experiencing significant challenges. South African Post Office (SAPO) continued to struggle to meet the South African Social Security Agency (SASSA) expectations as delayed payments and ongoing issues within it ... Read More
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Store Cards in South Africa
In 2024, the demand for store cards in South Africa continued to rise as local consumers’ disposable income weakened due to the higher cost of living. However, such demand increasingly faced lower approval rates due to retailers adopting a more restrictive credit policy to reduce exposure to bad deb ... Read More
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Financial Cards and Payments in Western Europe
Paper payments were losing share to card and electronic direct/ACH transactions over the review period, which is expected to continue in the coming years, as the digitalisation of the industry continues to develop at a fast pace. This is also seeing m-commerce outperforming the overall market, with ... Read More
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Credit Cards in South Africa
In 2024, credit cards in South Africa continued to perform positively across all indicators. An increasing number of South African households have started relying on credit cards to meet month-end commitments, a scenario exacerbated by rising electricity and fuel prices having an accumulative effect ... Read More
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Charge Cards in South Africa
As local households grappled with challenging market conditions in 2024, the transaction value of charge cards in South Africa struggled to return to pre-pandemic levels. This situation was exacerbated by the national prime rate remaining above 11%, despite two consecutive cuts of 25 basis points in ... Read More
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Credit Cards in Morocco
Morocco is a country heavily reliant on cash, and those consumers who do want a financial card historically favour debit cards to any other type of financial cards. Credit cards therefore remains significantly underpenetrated, partly due to limited consumer awareness, but also continues to suffer fr ... Read More
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Financial Cards and Payments in Morocco
Consumer lending in Morocco is expected to maintain growth in both gross lending and the outstanding balance in 2024. Increases are anticipated for all types of lending, although card lending and durables lending are set to see the strongest increases. Key players seeking to remain relevant have bee ... Read More
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Pre-Paid Cards in Morocco
Although pre-paid cards is expected to see static current value transactions in 2024, it is expected to see a decline in the number of cards in circulation, and a decline in volume transactions, as consumers increasingly prefer debit card offerings, and their greater flexibility in transactions. The ... Read More
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Consumer Credit in Morocco
Consumer credit gross lending and the outstanding balance are set to continue to rise in Morocco in 2024. However, household credit continues to show significant disparities, with a positive correlation between income levels and debt rates in Morocco. The latest report from Bank Al-Maghrib reflects ... Read More
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Financial Cards and Payments in Latin America
Ongoing trends continued to be seen in 2024, with the use of cash declining and the digital transformation of financial cards and payments markets in the region a major theme in Latin America. However, the overall regional performance in 2024 was negatively impacted by the major declines seen across ... Read More
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Financial Cards and Payments in Middle East and Africa
While paper payments continue to lose share to card and electronic transactions in Middle East and Africa, driven by the ongoing digitalisation of the financial industry in the region, cash still remains the main personal payment method in a number of countries, especially the African nations. Never ... Read More
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Top Five Trends in Payments and Lending
Consumer and commercial payments continue to evolve towards financial cards and digital payments globally. Credit is once again gaining share of overall card payments, while BNPL is increasingly funding consumer payments. Mobile e-commerce is driving retail growth and digital payments, and fintech i ... Read More
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Credit Cards in the US
2024 had barely rung in when Capital One made an enormous splash. Capital One, an enormous credit card issuer in the US, announced in February 2024 that it intended to purchase US credit card network and banking services provider Discover Financial Services. The domestic and international implicatio ... Read More
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Financial Cards and Payments in the US
2024 was yet another big year for financial cards and payments in the US. Two major stories dominate the overall big picture for the US at the opening of 2025 – the continued fight against inflation, and the new Trump Administration taking the reins. Inflation has been a long-standing concern for se ... Read More
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Charge Cards in the US
As in credit cards, perhaps the biggest story in the charge cards landscape in the US in 2024 was Capital One’s announcement in February that it was planning to purchase Discover Financial Services. Discover is one of the few truly international networks that plays at major scale, and an acquisition ... Read More
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Pre-Paid Cards in the US
Cryptocurrency continues to be linked closely to both open loop as well as closed loop pre-paid cards in the US. On the purchasing side, cryptocurrency is linked to purchasing of both open and closed loop gift cards. Various sites and functions exist which allow consumers who hold cryptocurrency to ... Read More
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Store Cards in the US
Competition remains one of the biggest concerns for store cards, both currently, and in the years ahead. Traditional credit cards continue to see growth in the US, and have progressively pushed further and further into what was traditionally store cards territory. This is especially true in the case ... Read More
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Store Cards in Denmark
In 2024, store cards in Denmark recorded further decline, continuing a long-term trend that sets the category apart from the overall card market. While the total number of cards in circulation, transaction volumes and values are all rising, store cards is following a different trajectory. All key in ... Read More
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Consumer Credit in the Czech Republic
Consumer credit in the Czech Republic saw current value growth in total gross lending slow in 2024, while growth in the overall outstanding balance was only marginally stronger than in 2023. This was mainly due to reduced demand in card lending, the single largest category in gross lending terms by ... Read More
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Pre-Paid Cards in Denmark
Pre-paid cards in Denmark posted a strong performance in 2024, with a record number of cards driving transaction volumes and values to new highs. This trend aligns with broader developments in the Danish payments landscape, which is characterised by a high level of digitalisation and one of the lowe ... Read More
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Financial Cards and Payments in Asia Pacific
The use of cash continues to lose out to electronic direct/ACH and card payments in the Asia Pacific region, although paper transactions still remain important in some countries. Digital wallets continue gaining in popularity due to their convenience, with payments using them also being increasingly ... Read More
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Financial Cards and Payments in Denmark
Following a period of significant disruptions, 2024 emerged as the most stable year for financial cards and payments in Denmark in a long time. The review period was marked by major upheavals, including the COVID-19 pandemic, which temporarily altered spending and payment habits, followed by a rebou ... Read More
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Consumer Credit in Denmark
Consumer credit in Denmark in 2024 saw the continuation of trends already underway - in both gross lending and outstanding balance terms, consumer credit experienced faster growth than mortgages and housing loans. This reflects a continued preference among consumers for short-term borrowing, with co ... Read More
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