Category: Credit & Loans
Credit & Loans market research reports by Euromonitor International
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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
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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
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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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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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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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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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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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Consumer Credit in the United Kingdom
Consumer Credit in the United Kingdom Consumer credit in the UK is performing well, with 5% growth for gross lending and 7% growth for outstanding balance in 2024. Both card and non-card lending are contributing to the rise in gross lending. This is due to consumers continuously applying for credit ... 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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Consumer Credit in Japan
Consumer Credit in Japan Buy Now Pay Later (BNPL) services, which are unregulated in Japan, are quickly gaining popularity due to their convenience, flexibility, and the absence of credit checks. These benefits especially appeal to the country’s younger generation, who often do not have credit cards ... Read More
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Consumer Credit in China
Consumer Credit in China The National Financing Regulatory Administration in China announced a series of measures in 2024 to mitigate market risk and limit the growth of non-performing loans. The new rules mandate that financial service providers need to have minimum registered capital of CNY1.0 bil ... Read More
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Consumer Credit in Hong Kong, China
Consumer Credit in Hong Kong, China Despite a sluggish economic outlook, Hong Kong residents have exhibited a robust appetite for borrowing. Following the relaxation of COVID-19 restrictions, there was a surge in pent-up demand for travel, dining, and entertainment. This led to increased spending, o ... Read More
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Consumer Credit in Singapore
Consumer Credit in Singapore In 2024, Singapore’s consumer credit landscape reflects a combination of macroeconomic conditions and consumer behaviour, with card lending, for instance, set to see a subdued pace of growth compared with the post-pandemic surge seen in previous years. Euromonitor Intern ... Read More
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Global Digital Wallet Market: Trends, Innovations and Opportunities
Global Digital Wallet Market: Trends, Innovations and Opportunities Ecosystem partnerships is a critical factor for rapid scaling of leading digital wallets globally. Key usage factors are convenience, enhanced security and wide merchant acceptance. The short term focus includes cross-border transac ... Read More
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Global Business Dynamics Trends
Global Business Dynamics Trends A tight labour market, persisting supply chain disruptions and elevated economic uncertainties cloud the business environment globally. Despite the challenges, there are opportunities for businesses to transform, innovate and build resilience in the new economic envir ... Read More
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Consumer Credit in Germany
Consumer Credit in Germany In 2023, Germany’s consumer credit market showed signs of cautious optimism. Despite the lingering effects of the pandemic and geopolitical tensions, such as the ongoing crisis in Ukraine, there was a modest rise in consumer lending. However, German consumers remained caut ... Read More
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Consumer Lending in Germany
Consumer Lending in Germany In 2023, Germany’s consumer lending landscape was characterised by a complex interplay of economic challenges and consumer behaviour. While the market was recovering from the COVID-19 pandemic, it faced headwinds from ongoing geopolitical tensions and inflationary pressur ... Read More
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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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Consumer Lending in India
Consumer Lending in India Consumer lending is growing at a healthy pace in India, driven by evolving lifestyle preferences where consumers strive for a higher standard of living and access to modern amenities. The country’s growing economy, rising disposable incomes, and increasing financial literac ... 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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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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Consumer Lending in Hungary
Consumer Lending in Hungary The initial optimism of early 2022 was abruptly dampened by the end of the year, and this has persisted throughout 2023. The sharp rise in borrowing costs coupled with a decline in disposable incomes due to high inflation has compelled Hungarians to reassess their budgets ... Read More
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Consumer Lending in Malaysia
Consumer Lending in Malaysia Towards the end of the review period, many local consumers took out personal loans to cope with higher financial burdens. Malaysian banks have offered personal loans with more flexible repayment plans and more appealing terms when required. The economic uncertainty in Ma ... Read More
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