Category: Credit Cards
Credit Cards market research reports by Euromonitor International
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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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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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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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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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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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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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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 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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Charge Cards in Hungary
Charge Cards in Hungary Charge cards remained niche in Hungary in 2024. Currently, only commercial charge cards are offered for top corporate managers and there are no indications to re-launch personal charge cards, as the last products were pulled from the market during 2012 and remain absent. The ... Read More
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Financial Cards and Payments in Romania
Financial Cards and Payments in Romania In Romania, the percentage of cash payments remains high with many employees receiving their wages in cash, which naturally reduces the use of financial cards. Nonetheless, cards have witnessed rapid growth in recent years with the share of card payments risin ... Read More
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Financial Cards and Payments in Hungary
Financial Cards and Payments in Hungary Financial cards and payments is seeing stable growth in the number of cards in circulation in Hungary in 2024. Indeed, the use of financial cards, both physical cards and their virtual counterparts, continues to grow, driven by a rich array of smartphone appli ... Read More
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Consumer Credit in Colombia
Consumer Credit in Colombia Consumer credit in Colombia recorded an improved performance in terms of current value growth in gross lending in 2024, while the outstanding balance also rose at a faster pace than in 2023. These results were underpinned by the Central Bank’s decision to steadily reduce ... Read More
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Consumer Credit in Peru
Consumer Credit in Peru Consumer credit continued to grow in Peru in 2024, albeit at moderate and lower levels than seen in the recent review period. This more moderate growth has been due to the improving economy in the country, thanks to greater GDP growth, inflation levels within the target range ... Read More
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Consumer Credit in Hungary
Consumer Credit in Hungary Consumer credit rebounded in Hungary in 2024, compared to 2023 which was a challenging year for consumers due to high inflation and increased borrowing costs, with interest rates peaking. However, 2024 brought more favourable conditions, including lower interest rates, red ... Read More
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Charge Cards in Romania
Charge Cards in Romania The charge card category in Romania is dominated by the commercial sector. Leading players have adopted a business-to-business marketing approach to maintain their positions. Banks are hesitant to invest in promoting and expanding the usage of charge cards due to other more p ... Read More
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Store Cards in Peru
Store Cards in Peru The use of store cards continued to decline sharply in Peru in 2024, as traditional store cards continue to be transformed into Visa or Mastercard credit cards. As a result, very few store cards are still working in some regional stores, being those which are still within their v ... Read More
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Pre-Paid Cards in Romania
Pre-Paid Cards in Romania Pre-paid cards experienced strong growth in 2024 as reflected by the surge in the volume of cards in circulation, the volume of transactions and overall expenditure. The strong performance is primarily attributed to the remarkable growth observed in open-loop cards, creatin ... Read More
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Consumer Credit in Sweden
Consumer Credit in Sweden Consumer credit in Sweden saw gross lending on cards increase at a stronger pace than mortgages/housing over 2024. Yet mortgages/housing growth remains much higher in terms of outstanding balances due to the prevalence of home buying in Sweden. Higher mortgage rates in the ... Read More
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