Category: Credit Cards
Credit Cards market research reports by Euromonitor International
-
Financial Cards and Payments in Vietnam
Financial Cards and Payments in Vietnam In 2024, Vietnam is poised to see sustained growth in terms of the number of financial cards in circulation, alongside expanding adoption of cashless transactions. This trend reflects a growing consumer awareness of the benefits of digital payments, such as en ... Read More
-
Pre-Paid Cards in Vietnam
Pre-Paid Cards in Vietnam The performance of pre-paid cards in Vietnam has been closely tied to the rise of e-commerce. With the surge of online shopping, especially during the pandemic, consumers increasingly turned to pre-paid cards for their purchases. These cards offer a convenient, cashless pay ... Read More
-
Consumer Credit in Vietnam
Consumer Credit in Vietnam Consumer credit in Vietnam is expected to rise significantly in 2024, supported by new regulations introduced in Circular No. 12/2024/TT-NHNN. These changes are designed to streamline the appraisal and lending process, allowing for quicker and more convenient access to sma ... Read More
-
Credit Cards in Spain
Credit Cards in Spain Credit card transactions are being supported by the resumption of business activities and business-related travel in Spain in 2024 – especially so relating to meetings, incentives, conferences and exhibitions (MICE). It is noted that, historically, businesses prefer to use char ... Read More
-
Pre-Paid Cards in Spain
Pre-Paid Cards in Spain Pre-paid cards in Spain in 2024 are being driven by the shift of social security payments to open loop cards, alongside the growth of virtual cards which are used in e-commerce and digital wallets. The pre-paid cards of Mastercard for Sociedad Estatal Correos y Telegrafos SA ... Read More
-
Charge Cards in Thailand
Charge Cards in Thailand American Express (AMEX) remains the sole operator in Thailand’s charge card market. The player offers cards with no pre-set spending limit, catering to high-net-worth individuals. For example, the AMEX Platinum Charge Card, the company’s flagship product in Thailand, is aime ... Read More
-
Credit Cards in Thailand
Credit Cards in Thailand Credit card transactions in Thailand are poised for continued growth in both volume and current value terms in 2024. Credit cards remain the dominant payment method among Thai consumers, accounting for over 80% of total card transactions by value. Consumers are drawn to cred ... Read More
-
Store Cards in Thailand
Store Cards in Thailand Store card spending in Thailand continues to show steady growth as retailers actively ramp up marketing efforts to attract customers and boost sales. Regular discounts, seasonal events like double day sales, and larger promotional campaigns are playing a key role in stimulati ... Read More
-
Credit Cards in Vietnam
Credit Cards in Vietnam Credit cards are expected to demonstrate robust growth in Vietnam transaction value and volume in 2024, driven by the aggressive marketing and promotional efforts of both the government and banking institutions. Within this, commercial credit cards are leading growth, fuelled ... Read More
-
Financial Cards and Payments in Spain
Financial Cards and Payments in Spain Financial cards and payments in Spain are being supported by the economic situation in the country in 2024. Lowering inflation levels mean consumers feel more confident about their future finances, whereas the continued cost-of-living crisis means consumers are ... Read More
-
Credit Cards in Malaysia
Credit Cards in Malaysia Credit card usage in Malaysia is experiencing robust growth in 2024, with significant increases in both transaction volume and value. Economic factors, such as rising inflation and the higher cost of living, have driven more Malaysians to rely on credit cards to manage their ... Read More
-
Pre-Paid Cards in Malaysia
Pre-Paid Cards in Malaysia The number of pre-paid cards in Malaysia continues to expand, fuelled by the country's push towards a more cashless economy. As part of the Malaysia Digital Economy Blueprint, the government is strongly promoting the adoption of digital payments to enhance efficiency and s ... Read More
-
Charge Cards in Malaysia
Charge Cards in Malaysia Malaysians demonstrate a clear preference for credit cards over charge cards, with the latter seeing relatively low demand by the end of the review period. This trend can be attributed to the limited number of issuers offering charge cards, which restricts their availability ... Read More
-
Financial Cards and Payments in Malaysia
Financial Cards and Payments in Malaysia The number of financial cards in circulation in Malaysia is set to grow further in 2024, accompanied by an increase in transaction volumes. This is indicative of an ongoing shift toward a cashless society, fuelled by advancements in digital payment infrastruc ... Read More
-
Credit Cards in Taiwan
Credit Cards in Taiwan In 2024, both commercial and personal credit cards are expected to see growth, although commercial credit cards is set to see slower growth in transaction volumes and values than personal credit cards, and account for only a small share of the total. Euromonitor International' ... Read More
-
Charge Cards in Taiwan
Charge Cards in Taiwan In Taiwan, charge cards are not as widespread or as popular as credit cards and other payment methods. The country predominantly relies on credit cards, debit cards, and digital wallets for everyday transactions. Historically, charge cards have been less popular in Taiwan due ... Read More
-
Consumer Credit in Taiwan
Consumer Credit in Taiwan In Taiwan, the landscape of financial services is evolving rapidly to accommodate credit novices, providing them with easier access to a range of financial products and services. Digital banks and Buy Now, Pay Later (BNPL) platforms are emerging as key players in this trans ... Read More
-
The World Market for Payments and Lending
The World Market for Payments and Lending Financial cards are strengthening their position globally as the most popular way for consumers to pay. Paper payments have been consistently declining, due to changing consumer preferences and government efforts to increase the security and transparency of ... Read More
-
Consumer Credit in the US
Consumer Credit in the US With President Biden stepping away from the US presidential election race in the summer, it is apparent that one of the lasting legacies of his single term will be a long-standing battle with student loans on behalf of consumers. For much of President Biden’s term, student ... Read More
-
Financial Cards and Payments in Taiwan
Financial Cards and Payments in Taiwan Financial cards and payments in Taiwan is witnessing a transformative shift towards integrated and customer-centric financial solutions. As digital wallets gain prominence and consumer preferences continue to evolve, players in the market are adapting their str ... Read More
-
Consumer Credit in Malaysia
Consumer Credit in Malaysia In 2024, Malaysia's government introduced the e-invoicing initiative, which is expected to have a significant impact on consumer credit, particularly in sectors like auto loans. Due to the phased in over the next year, the initiative requires businesses with annual revenu ... Read More
-
Consumer Credit in the Philippines
Consumer Credit in the Philippines Consumer credit in the Philippines is expected to continue growing in 2024, with credit cards and various personal lending options - especially auto loans and durable goods financing - driving this expansion. Major banks, including Philippine National Bank (PNB), r ... Read More
-
Store Cards in Argentina
Store Cards in Argentina As occurred throughout the review period, store cards in Argentina is set to post declines in volume transactions and circulation numbers in 2024. Consumer interest in such products has been diminishing for several years in line with the growing preference for financial card ... Read More
-
Credit Cards in the Philippines
Credit Cards in the Philippines Credit card usage in the Philippines is being shaped by the growing need for accessible credit, in line with evolving consumer lifestyles. To meet this rising demand, banks like EastWest Bank have expanded their credit card offerings, aligning with customers' evolving ... Read More
-
Consumer Credit in Argentina
Consumer Credit in Argentina Card lending has remained the dominant contributor to total gross lending within consumer credit in Argentina in 2024. Its large size reflects the fact that caps imposed by the Central Bank have historically kept maximum interest rates on credit cards lower than those le ... Read More
Research Assistance
