Category: Credit & Loans
Credit & Loans market research reports by Euromonitor International
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Consumer Lending in Vietnam
Consumer Lending in Vietnam In 2023, the State Bank of Vietnam implemented measures to promote consumer lending for daily needs. To encourage banks to increase their lending activities, including consumer lending, the State Bank issued Circular No. 06/2023/TT-NHNN on 28 June 2023, amending and suppl ... Read More
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Consumer Lending in Sweden
Consumer Lending in Sweden Gross lending in Sweden registered positive, yet slower growth in 2022, as the uncertain economic environment, exacerbated by the Russian invasion of Ukraine, led to a decline in consumer confidence. In August 2022, the annual inflation rate soared to almost 10%, the highe ... Read More
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Consumer Credit in Singapore
Consumer Credit in Singapore Following the pandemic, card lending, contributing to over 60% of consumer credit gross lending in Singapore, has witnessed significant growth, largely propelled by the enduring trend of revenge travel. The resumption of travel and tourism activities in numerous countrie ... Read More
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Credit Cards in Morocco
Credit Cards in Morocco Morocco is a country heavily reliant on cash, with consumers historically favouring debit cards to any other types of financial cards; standard credit cards continue to suffer from a negative perception among locals for several reasons. The demand for credit cards remains rel ... Read More
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Consumer Lending in Morocco
Consumer Lending in Morocco While Morocco saw dynamic demand for consumer lending immediately post-pandemic as retailers and foodservice outlets reopened their doors to consumers, from September 2022 the market has been impacted by soaring prices impacting purchasing power across households. This tr ... Read More
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Consumer Lending in Peru
Consumer Lending in Peru Consumer lending has sustained notable growth in 2023, albeit at a more tempered pace compared to the robust expansions witnessed in the preceding years. This growth encompasses both the outstanding balance and gross lending, surpassing pre-pandemic levels experienced in 202 ... Read More
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Consumer Lending in Nigeria
Consumer Lending in Nigeria Gross consumer lending is expected to register growth in 2023, but with inflation continuing to be very high, it will not go far in terms of consumer spending. A new government has implemented some difficult decisions in order to stabilise the economy, including ending a ... Read More
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Consumer Credit in Morocco
Consumer Credit in Morocco Morocco’s latest unemployment data exhibits a rise to almost 13% in the first three months of 2023, from just over 12% over the same period last year, as the farming sector shrunk due to the worst drought in decades, directly affecting the sector’s demand for workers. Unem ... Read More
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Consumer Lending in Argentina
Consumer Lending in Argentina The credit market in Argentina remains highly restricted, primarily constrained to personal loans. The funds that banks receive from their clients are predominantly funnelled into a financial instrument called Leliq, which offers a lucrative high-interest rate. This mon ... Read More
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Consumer Lending in Israel
Consumer Lending in Israel In 2023, the Bank of Israel implemented a significant benchmark interest rate hike. This resulted in a sharp increase in mortgage payments, impacting individuals who hold mortgages and loans. The aggressive interest rate hikes have escalated mortgage and loan holding costs ... Read More
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Consumer Lending in the United Kingdom
Consumer Lending in the United Kingdom In comparison with Eurozone countries, the UK economy has continued to be impacted by high inflation and the soaring cost of living in 2023. While rising electricity and gas prices drove inflation in 2022, they have been gradually decreasing in 2023, and what i ... Read More
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Consumer Lending in the Philippines
Consumer Lending in the Philippines At the beginning of 2023, the industry anticipated a surge in consumer lending demand as Filipinos resumed spending as the country emerged out of the Coronavirus (COVID-19) pandemic. A substantial share of consumers also resorted to loans to manage their expenses. ... Read More
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Consumer Lending in Taiwan
Consumer Lending in Taiwan In 2023, the total credit amount in Taiwan surged over the previous year. This figure has doubled since pre-pandemic levels at the end of 2019. Taiwan's financial landscape boasts a multitude of institutions holding significant liquid funds. Taiwanese consumers are increas ... Read More
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Consumer Lending in Brazil
Consumer Lending in Brazil Brazilians are well-acquainted with dividing payments into instalments, a practice prevalent in both traditional retail credit (known as ""crediário"") and credit card payments. The compounding effects of inflation, a challenging job market, and reduced consumer purchasing ... Read More
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Consumer Lending in Japan
Consumer Lending in Japan Consumer lending in Japan is growing in 2023 in line with demand for greater convenience and easy access to lending services, mainly due to more services being accessed online. New emerging players, such as LINE Pocket Money by LINE Credit Corporation and Merpay Smart Money ... Read More
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Consumer Lending in Australia
Consumer Lending in Australia The major talking point of 2023 from a consumer lending point of view has been the increase in interest rates over the year as a result of the RBA (Reserve Bank of Australia) attempting to address high inflation rates. Due to higher interest rates, outstanding balance h ... Read More
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Consumer Lending in Spain
Consumer Lending in Spain The costs of households have continued to rise across the board in 2023 due to the change in tone of the monetary policy of the European Central Bank, which increased interest rates four times during 2022 and 2023, resulting in rising interest rates on mortgages and consume ... Read More
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Consumer Credit in Spain
Consumer Credit in Spain Buy now pay later (BNPL) continues to grow in popularity, particularly among young adults, and there is a notable shift to BNPL loans. A significant number of financial services providers have launched their own BNPL programmes, including Banco Santander, CaixaBank and BBVA, ... Read More
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World Market for Consumer Finance
World Market for Consumer Finance The world market for consumer finance continues to see card and electronic payment value grow for consumers around the world as consumer confidence strengthens. Card payment value growth over the forecast period is expected to be driven by credit card functions whil ... Read More
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Embedded Finance Driving Growth of Digital Ecosystem: Part II - Key Products
Embedded Finance Driving Growth of Digital Ecosystem: Part II - Key Products From a product perspective, embedded payment market competition has been intensified with digital players, which are challenging the card operators. For deposit and lending, leading banks such as Goldman Sachs and CIMB have ... Read More
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Elevating Engagement: The Loyalty Landscape in Asia Pacific
Elevating Engagement: The Loyalty Landscape in Asia Pacific Asia Pacific is a region characterised by diverse economies, cultures and demographics. In such an environment, loyalty programmes need to be crafted to meet local consumers’ preferences. Asia Pacific is facing a turning point where it can ... Read More
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Consumer Credit in South Africa
Consumer Credit in South Africa Turley has one of the highest inflation rates in the world in 2022, with fears it could even reach triple-digits. Unlike most other countries, this soaring inflation had already been triggered prior to the energy crisis arising from the war in Ukraine. The lira’s dram ... Read More
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Consumer Lending in France
Consumer Lending in France 2022 is seeing ongoing recovery in consumer lending, which is mainly attributed to the now near absence of pandemic restrictions (for example, no more lockdowns), alongside an ongoing rebound in non-grocery purchases, primarily electronic and consumer appliances, home and ... Read More
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Consumer Credit in France
Consumer Credit in France Consumer credit and, particularly, card lending have gotten off to good starts in 2022. Despite a modest increase in outstanding balances, gross card lending is seeing positive factors to growth following the disruptions seen during the time of the COVID-19 pandemic and ass ... Read More
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Consumer Lending in the Czech Republic
Consumer Lending in the Czech Republic There are positive dynamics in the consumer lending landscape despite the rapid interest rates increase. This is largely due to Czech people making the large-scale purchases that they postponed during the first two years of the pandemic when they were under gre ... Read More
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