Category: Credit Cards
Credit Cards market research reports by Euromonitor International
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Pre-Paid Cards in Argentina
Pre-Paid Cards in Argentina In keeping with the trend witnessed across financial cards and payments, pre-paid cards in Argentina has seen growth in volume and current value transactions slow in 2024 amidst a sharp economic contraction. Expansion in value terms has been further constrained by the fac ... Read More
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Charge Cards in Argentina
Charge Cards in Argentina Charge cards has remained a niche area in Argentina in 2024. These types of cards have never been widely used by consumers or businesses in the country, as annual maintenance fees are high and balances typically have to be paid in full each month. Credit cards are overwhelm ... Read More
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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
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Financial Cards and Payments in the Philippines
Financial Cards and Payments in the Philippines The number of financial cards in circulation in the Philippines is set to increase significantly in 2024, reflecting a broader trend toward cashless transactions, with electronic payments continuing to gain ground. This trend is driven not only by the ... Read More
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Credit Cards in Argentina
Credit Cards in Argentina With sweeping reforms pursued by the Milei administration initially pushing the economy further into recession and greatly weakening purchasing power among the population, more cautious attitudes to spending mean credit cards in Argentina has seen growth in volume and curre ... Read More
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Consumer Credit in Chile
Consumer Credit in Chile Consumer credit in Chile is facing some challenges in 2024, due to overall economic uncertainty, inflation, and tight credit policies. That said, a decline in rates since late 2023 has revived credit card usage, although inflationary pressures continue to influence borrowing ... Read More
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Credit Cards in Chile
Credit Cards in Chile Credit cards in Chile is experiencing moderate growth in 2024, driven by ongoing economic recovery. While personal credit card transactions have traditionally dominated the landscape, the rise of Buy Now, Pay Later (BNPL) services pose a significant competitive challenge, espec ... Read More
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Pre-Paid Cards in Chile
Pre-Paid Cards in Chile Pre-paid cards in Chile continues a significant shift towards open loop cards in 2024, with open loop cards gaining traction due to their versatility and wide acceptance among merchants. This trend is likely to continue, positioning open loop cards as the preferred payment me ... Read More
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Financial Cards and Payments in Saudi Arabia
Financial Cards and Payments in Saudi Arabia The number of financial cards in circulation in Sadi Arabia is set to increase further in 2024, alongside growth in the number of transactions. The rise in card payments is a direct result of the Saudi government's push towards a cashless society, encoura ... Read More
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Credit Cards in Saudi Arabia
Credit Cards in Saudi Arabia Saudi Arabia is poised to witness a notable surge in credit card ownership and usage (in terms of number of transactions), throughout 2024. This growth is attributed to strategic partnerships aimed at introducing innovative credit card offerings and advanced payment solu ... Read More
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Consumer Credit in Saudi Arabia
Consumer Credit in Saudi Arabia Consumer credit in Saudi Arabia is poised for substantial growth in 2024, with education loans seeing a particularly significant increase. While education loans currently represent a relatively small share of the overall lending market, they are projected to rise cons ... Read More
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Consumer Credit in Italy
Consumer Credit in Italy Consumer credit in Italy is poised to register improved results in 2024 in terms of current value growth in gross lending and the outstanding balance. Overall demand for and availability of credit facilities have been buoyed by falling interest rates, the sustained easing of ... Read More
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Charge Cards in Saudi Arabia
Charge Cards in Saudi Arabia The number of charge cards in Saudi Arabia continues to expand, through offering users greater flexibility in purchasing power compared to traditional credit cards. Unlike credit cards, charge cards do not come with a pre-set spending limit, meaning users can access the ... Read More
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Store Cards in Chile
Store Cards in Chile Store cards in Chile are witnessing a decline in popularity in 2024, primarily due to increased competition from bank-issued credit, debit, and pre-paid cards, which often offer lower interest rates and greater flexibility. Consequently, store cards are becoming niche products, ... Read More
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Financial Cards and Payments in Chile
Financial Cards and Payments in Chile The financial cards and payments landscape in Chile is undergoing a transformative shift in 2024, driven by regulatory advancements, technological innovations, and changing consumer preferences. The introduction of the Fintech Law is also reshaping the landscape ... Read More
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Credit Cards in Brazil
Credit Cards in Brazil Credit card is a very popular payment method in Brazil. Transactions using credit cards continued to grow at double-digit rates in the country in 2023, but at a slower pace compared to 2021 and 2022, and growth is set to slow further in 2024, to the single digits. In 2023, the ... Read More
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Credit Cards in Mexico
Credit Cards in Mexico While the unemployment rate is low in Mexico, and 2024 has begun to see a favourable exchange rate against the US dollar, many Mexicans are concerned about the state of the economy. Inflation rates have declined from the heights of 2022, but they remain high by recent historic ... Read More
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Store Cards in Brazil
Store Cards in Brazil In Brazil, regardless of the economic challenges that fluctuate over the years, retailers have consistently found ways to overcome difficulties by innovating payment methods to keep selling their products. This is especially true for lower-income consumers, who face constrained ... Read More
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Pre-Paid Cards in Mexico
Pre-Paid Cards in Mexico In 2024, pre-paid cards in Mexico is set to experience a strong positive performance, largely thanks to government initiatives. Transportation pre-paid cards have in a presidential election year been a way to keep citizens in favour of a certain political party. Thus, in thi ... Read More
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Store Cards in Mexico
Store Cards in Mexico 2023 and 2024 have seen greater economic stability in Mexico, driven by low unemployment rates and a favourable exchange rate against the US dollar, which has represented an opportunity for department stores to capitalise on customers willing to spend more. An example is El Pal ... Read More
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Charge Cards in Brazil
Charge Cards in Brazil Charge cards faces challenges in Brazil, due to the consumer preference for traditional credit cards with revolving credit options. Despite the similarities between the two types of cards, the lack of revolving credit in charge cards limits their adoption. The Brazilian market ... Read More
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Charge Cards in Mexico
Charge Cards in Mexico Charge cards, predominantly represented by American Express, is set to maintain a favourable performance in Mexico in 2024, evident across both commercial and personal charge cards, due to a healthy economy. With low unemployment rates and an increase in the minimum wage, Mexi ... Read More
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Financial Cards and Payments in Brazil
Financial Cards and Payments in Brazil The complex macroeconomic scenario in Brazil up to the year of 1994 was marked by very intense inflationary pressure and frequent regulatory changes. These challenging conditions led local banks to implement agile and sophisticated measures to survive in an env ... Read More
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Pre-Paid Cards in Brazil
Pre-Paid Cards in Brazil The Worker Food Program (PAT) is a programme which encourages companies in Brazil to offer a list of benefits to employees in exchange for tax incentives, specifically a 4% deduction on their income tax. This programme was established in 1976, and underwent changes in 2022 a ... Read More
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Consumer Credit in Brazil
Consumer Credit in Brazil In the post-pandemic period, in response to high inflation rates, the Central Bank of Brazil (BCB) continued to raise the basic interest rate (Selic), reaching 13.75%. This was the highest rate since 2017. The objective was to curb demand and reduce pressure on prices, espe ... Read More
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