Category: Debit Cards
Debit Cards market research reports by Euromonitor International
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Financial Cards and Payments in Greece
Financial Cards and Payments in Greece In the context of a stable and growing economy (after various crises), card payments continued to grow in Greece in 2024, driven by debit cards which are, by far, the dominant card type. Greece, a traditionally cash-oriented economy, has been quick to adopt car ... Read More
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Financial Cards and Payments in Turkey
Financial Cards and Payments in Turkey Financial card and payment transactions in Turkey continued to witness steady growth in 2024. Card spending strengthened as consumers switched away from cash amid greater dependability on credit cards due to rising living costs. High inflation, economic uncerta ... Read More
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Financial Cards and Payments in Colombia
Financial Cards and Payments in Colombia Financial cards and payments in Colombia performed well in 2024, with rates of growth in volume and current value transactions surpassing those recorded in 2023 and the total number of cards in circulation increasing at a solid pace. These results were partly ... Read More
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Financial Cards and Payments in Ukraine
Financial Cards and Payments in Ukraine In 2024, the development of Ukraine’s financial cards and payments market continued to be heavily influenced by Russia’s ongoing war against Ukraine. Despite the challenging circumstances, including widespread attacks on cities and frequent power outages disru ... Read More
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Pre-Paid Cards in Colombia
Pre-Paid Cards in Colombia While pre-paid cards in Colombia saw transactions grow at robust rates in volume and current value terms in 2024, total circulation numbers remained static. The latter result was mainly attributable to the diminishing appeal of open loop pre-paid cards, which are increasin ... Read More
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Debit Cards in Ukraine
Debit Cards in Ukraine Debit cards remained the dominant form of payment in Ukraine in 2024, particularly as consumers continued to increasingly shift away from cash. Virtually all newly issued debit cards in Ukraine now feature contactless functionality, and the majority of point-of-sale (POS) term ... Read More
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Pre-Paid Cards in Ukraine
Pre-Paid Cards in Ukraine With pre-paid cards, open loop cards remained unavailable in Ukraine in 2024, having disappeared from the local market in 2023 following years of minimal demand. The decline stems from their limited advantages compared to debit cards, which offer comprehensive features such ... Read More
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Consumer Credit in Israel
Consumer Credit in Israel Israel’s consumer credit market saw rising demand for home lending in 2024. Loans secured with a lien on a savings account are typically more attractive to consumers due to their lower interest rates compared to other types of loans. However, the segment saw a decline mid-r ... Read More
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Consumer Credit in South Africa
Consumer Credit in South Africa With credit cards and store cards remaining the primary point of entry to the South African credit system, the flood of generation Z shoppers into the workforce has been driving demand for such lending. Demand for card lending has also benefited from improvements in o ... Read More
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Debit Cards in Greece
Debit Cards in Greece Debit cards continued to grow in Greece in 2024, in a context of an improving Greek economy and expanding card payments – which debit cards spearhead. After a long period of multiple global crises, relative stability and mild growth of the Greek economy is providing the context ... Read More
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Pre-Paid Cards in Greece
Pre-Paid Cards in Greece Pre-paid cards maintained a positive performance in Greece in 2024. Open-loop pre-paid cards remained fairly stable in terms of number of cards and saw volume and value of transactions increase in the year, following a similar trend with other card types in a context of stab ... Read More
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Pre-Paid Cards in Turkey
Pre-Paid Cards in Turkey Open-loop pre-paid cards have benefitted from the continued expansion of retail e-commerce in Turkey, which witnessed strong growth over the review period. Such cards are perceived to be a safe and secure means of shopping online as they are not linked to a bank account and ... Read More
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Pre-Paid Cards in Israel
Pre-Paid Cards in Israel Pre-paid cards in Israel saw growth curbed by reduced interest in travel among local consumers in 2024. Pre-paid cards have long been a popular choice for individuals travelling abroad due to their safety and convenience. However, the ongoing Israel-Hamas war, coupled with t ... Read More
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Financial Cards and Payments in Israel
Financial Cards and Payments in Israel Financial cards and payments in Israel saw a rise in local adoption of digital wallets in 2024. Digital wallets have rapidly gained traction, experiencing substantial growth since the introduction of Apple Pay and Google Pay in 2021. Many consumers now rely on ... Read More
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Debit Cards in Hungary
Debit Cards in Hungary Debit cards were impacted by rising banking fees in Hungary in 2024, prompting consumers to reevaluate their banking partner. Banks have been passing on their increased expenses to clients, directly impacting fees related to current accounts and debit cards. Many of these fees ... Read More
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Financial Cards and Payments in Romania
Financial Cards and Payments in Romania In Romania, the percentage of cash payments remains high with many employees receiving their wages in cash, which naturally reduces the use of financial cards. Nonetheless, cards have witnessed rapid growth in recent years with the share of card payments risin ... Read More
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Financial Cards and Payments in Hungary
Financial Cards and Payments in Hungary Financial cards and payments is seeing stable growth in the number of cards in circulation in Hungary in 2024. Indeed, the use of financial cards, both physical cards and their virtual counterparts, continues to grow, driven by a rich array of smartphone appli ... Read More
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Consumer Credit in Peru
Consumer Credit in Peru Consumer credit continued to grow in Peru in 2024, albeit at moderate and lower levels than seen in the recent review period. This more moderate growth has been due to the improving economy in the country, thanks to greater GDP growth, inflation levels within the target range ... Read More
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Pre-Paid Cards in Romania
Pre-Paid Cards in Romania Pre-paid cards experienced strong growth in 2024 as reflected by the surge in the volume of cards in circulation, the volume of transactions and overall expenditure. The strong performance is primarily attributed to the remarkable growth observed in open-loop cards, creatin ... Read More
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Debit Cards in Peru
Debit Cards in Peru The use of debit cards continued to grow in Peru in 2024, both in the number of transactions and in value, continuing the trend observed after the most critical stages of the COVID-19 pandemic. This growth has been higher than the growth observed for credit cards, with consumers ... Read More
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Debit Cards in Romania
Debit Cards in Romania New legislation makes it obligatory for all merchants in Romania to accept card payments and this includes debit cards. The law came into effect in June 2024 and is expected to drive growth in the number of debit card transactions over the upcoming forecast period. Consumers a ... Read More
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Pre-Paid Cards in Hungary
Pre-Paid Cards in Hungary Pre-paid cards saw positive growth in Hungary in 2024, with major news in the category being the acquisition of Hellopay, a payment ecosystem, by OTP Mobil Kft, a subsidiary of OTP Bank that operates the Simple smartphone application and SimplePay payment solution. Hellopay ... Read More
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Consumer Credit in Sweden
Consumer Credit in Sweden Consumer credit in Sweden saw gross lending on cards increase at a stronger pace than mortgages/housing over 2024. Yet mortgages/housing growth remains much higher in terms of outstanding balances due to the prevalence of home buying in Sweden. Higher mortgage rates in the ... Read More
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Debit Cards in Italy
Debit Cards in Italy While debit cards in Italy has performed positively in 2024, growth rates for volume and current value transactions are set to fall well below those recorded the previous year. Growth in the number of cards in circulation has also tapered off, albeit only marginally. This is par ... Read More
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Financial Cards and Payments in Italy
Financial Cards and Payments in Italy Financial cards and payments in Italy has shown a solid performance in 2024, with total card circulation numbers and volume and current value transactions rising at healthy rates. Expansion continues to be underpinned by the increasing tendency of consumers and ... Read More
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