Category: Credit Cards
Credit Cards market research reports by Euromonitor International
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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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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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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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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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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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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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Consumer Credit in Singapore
Consumer Credit in Singapore In 2024, Singapore’s consumer credit landscape reflects a combination of macroeconomic conditions and consumer behaviour, with card lending, for instance, set to see a subdued pace of growth compared with the post-pandemic surge seen in previous years. Euromonitor Intern ... Read More
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Personal Credit Cards Around the World
Personal Credit Cards Around the World The 2020s have been a time of tremendous growth for personal credit cards around the world, as large swathes of businesses increased acceptance in the wake of pandemic-era turbulence. Rewards and loyalty programmes remain an important element of the competitive ... Read More
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Global Digital Wallet Market: Trends, Innovations and Opportunities
Global Digital Wallet Market: Trends, Innovations and Opportunities Ecosystem partnerships is a critical factor for rapid scaling of leading digital wallets globally. Key usage factors are convenience, enhanced security and wide merchant acceptance. The short term focus includes cross-border transac ... Read More
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Commercial Payments in Asia Pacific and Australasia: Regional Overview
Commercial Payments in Asia Pacific and Australasia: Regional Overview Boosted by fast payment, digital wallets and electronic money orders, electronic payment has been dominating the commercial payment in Asia Pacific and Australasia. With recovery in travel, entertainment and trading after the pan ... Read More
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Credit Cards in Germany
Credit Cards in Germany In 2023, credit cards in Germany witnessed a nuanced recovery characterised by a notable and consistent increase in transaction volume and value. As the nation emerged from pandemic-induced restrictions, industries such as travel and dining - traditional strongholds for credi ... Read More
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Store Cards in Germany
Store Cards in Germany In 2023, store cards in Germany faced stagnant development. Despite a brief resurgence in 2021 and 2022, the category has struggled to return to pre-pandemic levels. The decline is attributed to the growing consumer preference for alternative loyalty programmes and digital pay ... Read More
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Pre-Paid Cards in Germany
Pre-Paid Cards in Germany In 2023, pre-paid cards in Germany displayed a remarkable ability to adapt to post-pandemic changes. This was in contrast to 2022, when pre-paid cards witnessed a decline in transactions and value due to extraordinary circumstances, such as the discontinuation of Geldkarte ... Read More
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Charge Cards in Germany
Charge Cards in Germany In 2023, charge cards in Germany displayed resilience, adapting to the post-pandemic era. The category witnessed a surge in usage, particularly in the commercial segment, with value and transactions sitting marginally below pre-pandemic levels in 2023. This partial recovery c ... Read More
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Financial Cards and Payments in Germany
Financial Cards and Payments in Germany In 2023, financial cards and payments in Germany had to navigate a complex landscape. On the one hand, there was a slow yet steady increase in transactions, particularly in industries such as travel and dining that rebounded as pandemic restrictions eased. On ... Read More
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Consumer Credit in Germany
Consumer Credit in Germany In 2023, Germany’s consumer credit market showed signs of cautious optimism. Despite the lingering effects of the pandemic and geopolitical tensions, such as the ongoing crisis in Ukraine, there was a modest rise in consumer lending. However, German consumers remained caut ... Read More
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Financial Cards and Payments in Middle East and Africa
Financial Cards and Payments in Middle East and Africa While consumers in the Middle East and Africa region continue to increase their usage of card payments and the digitalisation of the financial industry also continues to advance, cash still remains important in many countries, especially the Afr ... Read More
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Financial Cards and Payments in Western Europe
Financial Cards and Payments in Western Europe Total transactions value growth slowed in Western Europe in 2023, with many consumers’ spending impacted by the still high inflation rates. Paper payments remained in decline, with electronic direct/ACH payments continuing to grow. Card payment transact ... Read More
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Financial Cards and Payments in Latin America
Financial Cards and Payments in Latin America Ongoing trends continued to be seen in 2023, 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. Be it the Pix instant payments system in Brazil or the impend ... Read More
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Financial Cards and Payments in Asia Pacific
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, and ... Read More
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