Category: Credit Cards
Credit Cards market research reports by Euromonitor International
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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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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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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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Consumer Credit in Mexico
Consumer Credit in Mexico Consumer credit is anticipated to maintain its upward trajectory in 2024, with the expectation of solid value growth in both gross lending and the outstanding balance in a favourable macroeconomic environment. Mexico is a highly attractive country for the entry of fintech c ... 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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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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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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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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Consumer Credit in South Korea
Consumer Credit in South Korea In South Korea, there has been a significant rise in credit card loans and cash services, indicating a shift in borrowing habits amongst consumers. Typically, these loans are sought by individuals with low credit scores, as credit card companies tend to offer loans wit ... Read More
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Financial Cards and Payments in the United Arab Emirates
Financial Cards and Payments in the United Arab Emirates Financial cards and payments in the United Arab Emirates has undergone significant transformation in 2023 and 2024, characterised by the rise of digital payments, the emergence of new players, and a supportive regulatory environment. The Centr ... Read More
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Credit Cards in the United Arab Emirates
Credit Cards in the United Arab Emirates Credit cards in the United Arab Emirates remains a dynamic performer, especially in terms of value transactions, which continue to record double-digit growth in 2024. In the United Arab Emirates, economic growth is currently driven by capital investment, tech ... Read More
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Charge Cards in the United Arab Emirates
Charge Cards in the United Arab Emirates In 2024, charge cards in the United Arab Emirates remains a small category within financial cards and payments. The competitive landscape is highly consolidated, and includes the American Express Platinum Card, renowned for its elite status and exclusivity in ... Read More
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Consumer Credit in the United Arab Emirates
Consumer Credit in the United Arab Emirates Given the strong floods in the United Arab Emirates during 2023, the Central Bank of the UAE directed lending institutions and insurance providers to defer loan repayments for six months to assist residents and businesses impacted by historic floods. This ... Read More
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Financial Cards and Payments in South Korea
Financial Cards and Payments in South Korea South Korea is steadily moving towards a cashless society, and this shift is significantly changing the landscape of financial cards and payments. As technology advances and consumer behaviours evolve, 2024 has showcased how debit and credit card usage is ... Read More
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Pre-Paid Cards in South Korea
Pre-Paid Cards in South Korea In 2023, pre-paid cards in Korea saw a notable rise in volume and current value transactions, and this trend is expected to continue in 2024 and throughout the forecast period. Pre-paid cards, especially those offered by fintech companies, are gaining popularity as more ... Read More
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Store Cards in South Korea
Store Cards in South Korea Store cards, especially those from department stores, are designed to reward customer loyalty, offering exclusive benefits such as points, discounts, and special offers. Store cards is expected to remain the financial card type accounting for the smallest share of volume a ... Read More
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Credit Cards in South Korea
Credit Cards in South Korea Credit card companies in South Korea have been cutting back on interest-free instalment services in response to prolonged high interest rates and concerns over declining profitability. Eight major credit card companies – Shinhan, Samsung, Hyundai, KB Kookmin, Lotte, Hana, ... Read More
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Financial Cards and Payments in the United Kingdom
Financial Cards and Payments in the United Kingdom As the UK economy stabilises in 2024, following inflation reaching the Bank of England's (BoE) objective of 2% by the end of May, confidence among local consumers has begun to improve. This has been a contributing factor to the ongoing expansion of ... Read More
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Credit Cards in the United Kingdom
Credit Cards in the United Kingdom Personal credit cards in the UK has witnessed considerable activity, with an increasing number of consumers turning to credit to fund goods and services during the cost-of-living crisis. The growth of credit card transactions post-pandemic has been driven by delaye ... Read More
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Store Cards in the United Kingdom
Store Cards in the United Kingdom In 2024, store cards in the UK remains the smallest financial card category and the weakest performer, with a 15% decline in the number of cards in circulation, and 10% and 12% declines in volume and value transactions, respectively. Due to the limited usage of stor ... Read More
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Charge Cards in the United Kingdom
Charge Cards in the United Kingdom Charge card usage in the UK increased in volume and value terms in 2022 and 2023 as a result of consumers turning to different credit options to navigate the cost-of-living crisis. However, as the economy has stabilised, with inflation falling to 2% in May 2024, ch ... Read More
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Store Cards in Japan
Store Cards in Japan In Japan, store cards are commonly known as Gaisho cards. Gaisho represents a unique business model, predominantly seen in department stores, akin to direct selling. Gaisho staff are seasoned professionals with exceptional skills and experience who regularly visit customers’ hom ... Read More
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Financial Cards and Payments in Japan
Financial Cards and Payments in Japan The broader trend in financial cards and payments in Japan shows a decline in cash usage and a rise in usage of financial cards, with no signs of reversal. In terms of financial cards, both debit cards, which minimise worries of overspending, and credit cards, w ... Read More
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Consumer Credit in Australia
Consumer Credit in Australia Gross lending of consumer credit in Australia, which does not include mortgages/housing, is growing in 2024, albeit more slowly compared to the 5% increase recorded the previous year. Gross lending is growing across most categories, apart from card lending. In particular ... Read More
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Pre-Paid Cards in Japan
Pre-Paid Cards in Japan East Japan Railway Company (JR East), being at the core of the nationwide transportation IC card, as a pioneer in this space, is expected to remain the top player in terms of pre-paid card transaction value by issuer and operator in Japan in 2024. The company is making moves ... Read More
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