Category: Credit Cards
Credit Cards market research reports by Euromonitor International
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Consumer Credit in India
Consumer Credit in India In 2023, card lending - driven by increasing credit card adoption in India - remained the dominant category within consumer credit in gross lending terms. The adoption of credit cards further increased during the year, primarily as consumers’ responsibilities in the form of ... Read More
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Embedded Finance Ecosystem: Mapping the Path to Services Industries’ Transformation
Embedded Finance Ecosystem: Mapping the Path to Services Industries’ Transformation Embedded finance is the critical factor to improve customer journey and drive transformation for services industries.. With travel recovery and sluggish volume sales of automotives, embedded finance is considered to ... Read More
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Credit Cards in India
Credit Cards in India Credit cards in India witnessed healthy demand in 2023 as consumers looked to bridge their income gap through smart spending. The adoption of credit cards further increased during the year, primarily as responsibilities in the form of expenditure grew rapidly, which pushed cons ... Read More
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Charge Cards in India
Charge Cards in India Charge cards in India remained a niche category within financial cards and payments in 2023, largely due to higher eligibility criteria for issuance. Given the higher credit score and minimum salary requirement for a charge card in comparison to other financial card instruments ... Read More
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Financial Cards and Payments in India
Financial Cards and Payments in India A government-led financial inclusion initiative enticed a burgeoning population to embrace the formal banking sector, resulting in further uptake of financial cards, in particular, debit cards, in 2023. The Pradhan Mantri Jan Dhan Yojana (PMJDY) benefited in bri ... Read More
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Commercial Payments Overview
Commercial Payments Overview The global B2B payment market is gaining increasing attention from financial card and electronic direct payment platforms, as more consumer payment value has been converted away from paper. The USD32.7 trillion spent by merchants through paper payment channels globally i ... Read More
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Consumer Credit in Austria
Consumer Credit in Austria Consumer credit has experienced a significant drop in all areas of gross lending in 2023. In light of the sharp increases in the cost of living since 2022, Austrians have generally been frugal with expenditure. Individuals are focused on meeting their immediate basic needs ... Read More
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Consumer Lending in Austria
Consumer Lending in Austria Loans became more expensive for consumers in 2023, as a result of the European Central Bank's interest rate policy, with rates rising in response to high inflation in the EU since the energy crisis broke out in 2022 and the war in Ukraine began. The European Central Bank’ ... Read More
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Credit Cards in Austria
Credit Cards in Austria Driven by a general shift from cash to card payments, which was accelerated by the outbreak of COVID-19, and the continuing travel recovery, credit card transactions saw strong growth in 2023; in both the number of transactions and transition value terms. These growth rates w ... Read More
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Pre-Paid Cards in Austria
Pre-Paid Cards in Austria Closed loop pre-paid card transactions in Austria are essentially merchant-issued gift cards, and demand for these continued to increase in 2023. In a time of persistently high inflation with increased prices of essentials such as food and petrol, gift cards became popular, ... Read More
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Store Cards in Austria
Store Cards in Austria Store cards remained a niche in Austria in 2023, continuing a downward trend with a double-digit decline in transaction values despite the continuing shift to card payments. Most consumers in Austria are unfamiliar with store cards, and the usage of revolving credit in payment ... Read More
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Store Cards in the US
Store Cards in the US As in so many cases, perhaps the biggest story for store cards in the US in 2023 has been the twin forces of high inflation and high interest rates. While inflation has crept down over the course of 2023 in the US, the price increases that have resulted remain significant, and ... Read More
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Charge Cards in Austria
Charge Cards in Austria Driven by a shift from cash to card payments, boosted by the outbreak of COVID-19 and the continuing recovery of travel, charge cards saw solid growth in transaction and value terms. However, growth was at a slower pace compared to credit and debit cards, with debit cards hav ... Read More
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Charge Cards in the US
Charge Cards in the US Charge cards as a whole has been performing well in 2023, and it is expected to continue to grow beyond pandemic lows. Consumer spending in 2023 has driven payments across all card types, with the return to travel remaining an important storyline – a significant area of streng ... Read More
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Financial Cards and Payments in the US
Financial Cards and Payments in the US The biggest news of 2023 has been administrative, with the Federal Reserve fighting inflation and the threat of recession. With inflation well above recent norms in 2022, the Fed spent roughly 18 months in a constant dance of deciding whether to continue raisin ... Read More
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Pre-Paid Cards in the US
Pre-Paid Cards in the US 2023 is likely to go down as the first generally “normal” year of the 2020s. While 2022 saw most companies return to at least some form of hybrid working, the emergence of the Omicron variant early in the year had a significant effect on the overall health of the nation. 202 ... Read More
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Financial Cards and Payments in Austria
Financial Cards and Payments in Austria Although cash transactions continued to play a strong role in Austria, a clear shift from cash to card payments continued in 2023. The outbreak of COVID-19 in Austria further accelerated the change, with consumers appreciating the contactless form of payment. ... Read More
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Credit Cards in the US
Credit Cards in the US Credit cards in the US is set to continue to see robust growth by all measures in 2023. While inflation in the country has generally been at lower levels than in the extreme outlier year of 2022, prices have still grown considerably, and some US consumers have been forced to r ... Read More
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Consumer Lending in the United Arab Emirates
Consumer Lending in the United Arab Emirates Despite rising inflation, increasing mortgage rates and interest rates, consumer lending in the United Arab Emirates remains buoyant in 2023. The local economy’s recovery and expansion are influencing the momentum of consumer lending, but geopolitical ten ... Read More
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Consumer Lending in South Korea
Consumer Lending in South Korea Gross consumer lending’s growth is continuing to outperform outstanding balance, driven by card lending, as local consumers spend more with the reopening of society and cross-border travel. However, outstanding balance on card lending (encompassing card purchases and ... Read More
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Financial Cards and Payments in Thailand
Financial Cards and Payments in Thailand In 2023, the Thai economy is witnessing an economic recovery following the harsh impact of the pandemic and consumer confidence is on the rise. Private consumption is gathering momentum aided by the government program “Shop Dee Mee Kuen” (Shopping and Payback ... Read More
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Financial Cards and Payments in Malaysia
Financial Cards and Payments in Malaysia Financial cards and payments in Malaysia in 2023 exhibited significant continuation with 2022 in terms of the direction of travel in the post-Coronavirus (COVID-19) period. The strong moves towards a cashless society in Malaysia, pushed by the government and ... Read More
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Financial Cards and Payments in Saudi Arabia
Financial Cards and Payments in Saudi Arabia Saudi Arabia has taken significant steps to transform itself into a cashless society – starting even before the event of the COVID-19 pandemic, which triggered digital evolution in industries globally. In this regard, the Kingdom of Saudi Arabia (KSA) has ... Read More
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Charge Cards in Thailand
Charge Cards in Thailand During the COVID-19 pandemic, the charge card category declined significantly due to restrictions on all activities such as traveling, dining and entertainment, which impacted normal patterns of expenditure. In the post-pandemic era, consumers have returned to routine spendi ... Read More
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Credit Cards in Malaysia
Credit Cards in Malaysia The resumption of daily routines as the country emerges out of the Coronavirus (COVID-19) crisis has sparked spending on both personal and commercial credit cards. In 2023, the number of commercial credit cards in circulation is rebounding, following declines caused by the e ... Read More
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