Category: Credit Cards
Credit Cards market research reports by Euromonitor International
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Credit Cards in Ukraine
Credit Cards in Ukraine In 2024, Ukraine’s credit card market continued to evolve amid ongoing economic challenges and the war. A gradual decline in interest rates played a pivotal role in supporting this recovery. The growing adoption of contactless payments, propelled by the expansion of supportin ... Read More
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Credit Cards in Turkey
Credit Cards in Turkey The rising number of credit cards and transactions in Turkey is primarily driven by the influx of new consumers entering the banking system and obtaining credit cards as they transition into the job market after graduation. There is also a strong correlation between inflation ... Read More
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Financial Cards and Payments in Greece
Financial Cards and Payments in Greece In the context of a stable and growing economy (after various crises), card payments continued to grow in Greece in 2024, driven by debit cards which are, by far, the dominant card type. Greece, a traditionally cash-oriented economy, has been quick to adopt car ... Read More
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Financial Cards and Payments in Turkey
Financial Cards and Payments in Turkey Financial card and payment transactions in Turkey continued to witness steady growth in 2024. Card spending strengthened as consumers switched away from cash amid greater dependability on credit cards due to rising living costs. High inflation, economic uncerta ... Read More
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Financial Cards and Payments in Colombia
Financial Cards and Payments in Colombia Financial cards and payments in Colombia performed well in 2024, with rates of growth in volume and current value transactions surpassing those recorded in 2023 and the total number of cards in circulation increasing at a solid pace. These results were partly ... Read More
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Financial Cards and Payments in Ukraine
Financial Cards and Payments in Ukraine In 2024, the development of Ukraine’s financial cards and payments market continued to be heavily influenced by Russia’s ongoing war against Ukraine. Despite the challenging circumstances, including widespread attacks on cities and frequent power outages disru ... Read More
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Credit Cards in Greece
Credit Cards in Greece Credit cards recorded a promising performance in Greece in 2024, thanks to relative stability and the start of economic growth in the country. This relates to transaction values and volumes and the number of cards in circulation. However, as seen in debit cards, an increase in ... Read More
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Credit Cards in Colombia
Credit Cards in Colombia While credit cards in Colombia showed a modestly improved result in terms of growth in current value transactions in 2024, the rate at which volume transactions rose fell well below that registered in 2023. Despite a series of interest rate cuts and an uptick in economic act ... Read More
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Pre-Paid Cards in Colombia
Pre-Paid Cards in Colombia While pre-paid cards in Colombia saw transactions grow at robust rates in volume and current value terms in 2024, total circulation numbers remained static. The latter result was mainly attributable to the diminishing appeal of open loop pre-paid cards, which are increasin ... Read More
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Store Cards in Colombia
Store Cards in Colombia Store cards in Colombia posted another contraction in volume transactions in 2024, maintaining the negative trend witnessed throughout the review period. Growth in circulation numbers meanwhile was modest and well down on that recorded in 2023. Usage levels continued to be de ... Read More
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Pre-Paid Cards in Ukraine
Pre-Paid Cards in Ukraine With pre-paid cards, open loop cards remained unavailable in Ukraine in 2024, having disappeared from the local market in 2023 following years of minimal demand. The decline stems from their limited advantages compared to debit cards, which offer comprehensive features such ... Read More
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Consumer Credit in Israel
Consumer Credit in Israel Israel’s consumer credit market saw rising demand for home lending in 2024. Loans secured with a lien on a savings account are typically more attractive to consumers due to their lower interest rates compared to other types of loans. However, the segment saw a decline mid-r ... Read More
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Credit Cards in Israel
Credit Cards in Israel Credit cards in Israel struggled amid rising economic uncertainty and high interest rates in 2024. A noticeable shift has emerged among locals towards safer payment methods, and debit and charge cards are increasingly favoured as they provide a straightforward and reliable mea ... Read More
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Charge Cards in Israel
Charge Cards in Israel In 2024, charge cards in Israel was impacted by still-high interest rates. In January the interest rate was reduced by 0.25%, bringing it to 4.5%. Despite this minor decrease, no further reductions are anticipated in the near term, leaving interest rates at historically high l ... Read More
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Consumer Credit in South Africa
Consumer Credit in South Africa With credit cards and store cards remaining the primary point of entry to the South African credit system, the flood of generation Z shoppers into the workforce has been driving demand for such lending. Demand for card lending has also benefited from improvements in o ... Read More
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Consumer Credit in Ukraine
Consumer Credit in Ukraine Ukraine’s consumer credit market in 2024 remained heavily influenced by the ongoing war, initiated by Russia in February 2022. Although the initial shock of the invasion has been absorbed and most people and businesses residing in areas controlled by the Ukrainian governme ... Read More
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Pre-Paid Cards in Israel
Pre-Paid Cards in Israel Pre-paid cards in Israel saw growth curbed by reduced interest in travel among local consumers in 2024. Pre-paid cards have long been a popular choice for individuals travelling abroad due to their safety and convenience. However, the ongoing Israel-Hamas war, coupled with t ... Read More
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Charge Cards in Sweden
Charge Cards in Sweden Charge cards is a niche category in Sweden which is mainly comprised of commercial credit cards. The number of charge cards has been declining over the review period, with a notable contraction at the height of the pandemic. Whilst there was a strong rebound in charge card tra ... Read More
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Financial Cards and Payments in Sweden
Financial Cards and Payments in Sweden The year 2024 marks the end of a relatively turbulent period in Sweden’s financial cards and payments. The role of cash has become marginalised in a society where digitalisation has been spearheading changes in mobile payments for some time. Even though inflati ... Read More
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Financial Cards and Payments in Israel
Financial Cards and Payments in Israel Financial cards and payments in Israel saw a rise in local adoption of digital wallets in 2024. Digital wallets have rapidly gained traction, experiencing substantial growth since the introduction of Apple Pay and Google Pay in 2021. Many consumers now rely on ... Read More
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Consumer Credit in Greece
Consumer Credit in Greece Consumer credit gross lending maintained relatively stable growth in Greece in 2024, as the associated relative stability of the economy inspires stronger consumer spending confidence – despite ongoing cost-of-living crises. Digital loans in particular are driving growth, a ... Read More
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Credit Cards in Romania
Credit Cards in Romania The number of credit cards in Romania continues to grow but at a slower pace in 2024. Credit cards are facing growing competition from pre-paid cards and BNPL as well as a general lack of innovation. Nonetheless, transaction value growth remained relatively steady in 2024. Sl ... Read More
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Credit Cards in Peru
Credit Cards in Peru Credit cards face a decline in cards in circulation and number of accounts in Peru in 2024, while transaction values fare better with a positive performance. Ultimately, credit cards face ongoing competition from other payment methods, such as debit cards and pre-paid cards, bei ... Read More
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Credit Cards in Hungary
Credit Cards in Hungary Credit card debt remained the most expensive forms of debt offered by financial institutions in Hungary in 2024. Under current regulations, the APR on credit cards can reach up to 39% percentage points above the prevailing base rate of the central bank. However, actual credit ... Read More
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Consumer Credit in Romania
Consumer Credit in Romania In 2024, positive signs of economic recovery reduced demand for consumer credit in Romania, translating into lower growth in card lending to cover everyday expenses. Romanian households enjoyed greater financial stability due to falling inflation although it remained above ... Read More
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