Category: Debit Cards
Debit Cards market research reports by Euromonitor International
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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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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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Debit Cards in the United Arab Emirates
Debit Cards in the United Arab Emirates Debit cards in the United Arab Emirates continues to record a strong performance in 2024, with a rise in the number of accounts, new cards in circulation, transaction growth and value transactions. The robust economy of the United Arab Emirates continues to at ... Read More
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Debit Cards in South Korea
Debit Cards in South Korea In 2024, the number of debit cards in circulation in South Korea is set to continue to see a slight decline. One factor contributing to the decrease is a slight decline in the number of teenage users, who represent a substantial proportion of new debit card holders. In add ... 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 the United Arab Emirates
Pre-Paid Cards in the United Arab Emirates Pre-paid cards in the United Arab Emirates remains a highly dynamic category in financial cards and payments, recording double-digit growth in both transaction volume and value in 2024, along with a greater uptake of closed loop (mainly driven by transporta ... Read More
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Debit Cards in the United Kingdom
Debit Cards in the United Kingdom Debit cards in the UK remains the most popular card payment method in 2024, with transaction volume growth of 5% and transaction value growth of 3%, to hold 75% value share of all card payment transactions in the local market. This increase is consistent with compan ... Read More
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Pre-Paid Cards in the United Kingdom
Pre-Paid Cards in the United Kingdom In 2024, open loop pre-paid cards in the UK continues to record a positive performance, with a 1% increase in the number of cards in circulation and a 3% increase in the value of transactions. The perception among local consumers that pre-paid cards are safer to ... Read More
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Debit Cards in Japan
Debit Cards in Japan Debit cards in Japan comprises two main types of card: J-Debit and Branded Debit. J-Debit is a service that allows a financial institution’s cash cards (ATM cards) to be used as debit cards. Notable features of J-Debit include no annual fees, and the lack of a card number, unlik ... 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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Debit Cards in Australia
Debit Cards in Australia The number of personal debit cards in Australia continues to increase in 2024, with this being one of the premier payment methods for local consumers since the use of cash started to decline during the pandemic. Euromonitor International’s Passport data shows that over 95% o ... Read More
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Pre-Paid Cards in Australia
Pre-Paid Cards in Australia Many consumers use closed loop pre-paid cards in Australia to access public transportation, such as Myki in Victoria and Go Card in Queensland. For many commuters, using these cards is the only way to access transportation with the rollout of debit card payments being inc ... Read More
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Financial Cards and Payments in China
Financial Cards and Payments in China In 2024, the Chinese economy has continued to be characterised by economic slowdown and a deflationary spiral. Many consumers have been holding off on discretionary spending and investment, as they expect the prices of goods and services to fall in the future. B ... Read More
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Debit Cards in China
Debit Cards in China Debit card remains the dominant form of card payment in China, set to account for about 69% of card payment transaction value in 2024. Moreover, the number of debit cards in circulation increased by around 340 million in 2023, reflecting a 4% increase, while a further 124 millio ... Read More
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Pre-Paid Cards in China
Pre-Paid Cards in China Pre-paid cards in China is expected to see slight growth in 2024 in terms of cards in circulation and volume and current value transactions. This momentum will mainly be supported by the continued rebound of closed loop pre-paid cards by all measures, as travel and commuting ... Read More
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Debit Cards in Singapore
Debit Cards in Singapore Debit cards is set to see solid growth in transaction values in Singapore in current value terms in 2024, along with an even stronger increase in transaction volumes. Debit cards are increasingly being used for low to medium value transactions, such as transportation, dining ... Read More
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Pre-Paid Cards in Singapore
Pre-Paid Cards in Singapore In 2024, pre-paid cards in Singapore is expected to continue to see gradual growth. Open loop pre-paid cards is set to gain traction due to the broader acceptance and enhanced functionality of such cards across multiple payment scenarios. These cards are increasingly bein ... Read More
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Financial Cards and Payments in Singapore
Financial Cards and Payments in Singapore Card payment transactions in Singapore are expected to grow significantly in current value and volume terms in 2024. Singapore’s transition toward a cashless society has continued to accelerate in 2024, underpinned by economic growth and strong consumer spen ... Read More
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Pre-Paid Cards in Hong Kong, China
Pre-Paid Cards in Hong Kong, China Pre-paid cards in Hong Kong continues to be mainly driven by the open loop format, with number of transactions, number of cards issued, and value transactions of the latter all continuing to rise in 2024. This is in contrast to the niche of closed loop pre-paid car ... Read More
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Debit Cards in Hong Kong, China
Debit Cards in Hong Kong, China The local market boasts a mature card payment landscape, yet debit cards in Hong Kong holds relatively low share within payment transactions compared to credit cards. While overall card penetration rate is high, with 3.4 cards per inhabitant, credit and charge cards d ... Read More
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Confectionery Packaging in South Korea
Confectionery Packaging in South Korea Total confectionery packaging volumes increased in South Korea in 2023, seeing a gradual recovery after sales declined during the pandemic. Flexible packaging remained the dominant pack type in chocolate confectionery in 2023, as this offers versatility and ada ... Read More
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Pre-Paid Cards in Germany
Pre-Paid Cards in Germany In 2023, pre-paid cards in Germany displayed a remarkable ability to adapt to post-pandemic changes. This was in contrast to 2022, when pre-paid cards witnessed a decline in transactions and value due to extraordinary circumstances, such as the discontinuation of Geldkarte ... Read More
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Debit Cards in Germany
Debit Cards in Germany In 2023, debit cards in Germany maintain their upward trajectory, building on the momentum gained in previous years. The waning impact of the pandemic has accelerated the transition from cash to digital payments, particularly debit cards. This shift is further supported by the ... Read More
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Financial Cards and Payments in Germany
Financial Cards and Payments in Germany In 2023, financial cards and payments in Germany had to navigate a complex landscape. On the one hand, there was a slow yet steady increase in transactions, particularly in industries such as travel and dining that rebounded as pandemic restrictions eased. On ... Read More
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