Category: Debit Cards
Debit Cards market research reports by Euromonitor International
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Financial Cards and Payments in Malaysia
Financial Cards and Payments in Malaysia Financial cards and payments in Malaysia in 2023 exhibited significant continuation with 2022 in terms of the direction of travel in the post-Coronavirus (COVID-19) period. The strong moves towards a cashless society in Malaysia, pushed by the government and ... Read More
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Financial Cards and Payments in Saudi Arabia
Financial Cards and Payments in Saudi Arabia Saudi Arabia has taken significant steps to transform itself into a cashless society – starting even before the event of the COVID-19 pandemic, which triggered digital evolution in industries globally. In this regard, the Kingdom of Saudi Arabia (KSA) has ... Read More
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Pre-Paid Cards in Italy
Pre-Paid Cards in Italy Pre-paid cards continued to be one of the most popular types of financial card in Italy, particularly in the case of young adults or those without a bank account. However, as with other financial cards, the rise of contactless payments expanded usage of pre-paid cards to a wi ... Read More
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Debit Cards in Saudi Arabia
Debit Cards in Saudi Arabia Debit cards continue to make up a large portion of all financial cards in Saudi Arabia. Indeed, debit cards are even more prevalent than credit cards in the KSA, owing to a number of factors, such as wide acceptance and convenience of use, as well as an absence of charges ... Read More
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Pre-Paid Cards in the Philippines
Pre-Paid Cards in the Philippines The Coronavirus (COVID-19) pandemic led to a series of government aid initiatives distributed through pre-paid cards. This contributed to rising awareness among consumers about these financial products and their convenience, especially for lower-income Filipinos. Th ... Read More
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Financial Cards and Payments in Italy
Financial Cards and Payments in Italy Financial cards and payments performed well in Italy in 2023, both in terms of the number of cards in circulation and the value of transactions. Growth was underpinned by the growing trend towards cashless payments, even for smaller amounts, thanks to the develo ... Read More
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Debit Cards in Thailand
Debit Cards in Thailand The adoption of digital payments in Thailand is growing, backed by the central bank policy to shift towards a less cash-reliant society which is free of charge transactions. The banking industry has launched cardless withdrawals to bring greater convenience to customers. Paym ... Read More
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Credit Cards in the Philippines
Credit Cards in the Philippines According to the Credit Card Association of the Philippines (CCAP), the Q1 2023 growth rate in credit cards, the highest since the outbreak of the Coronavirus (COVID-19) pandemic in 2020, reflects local consumers’ resurgence in terms of shopping, travelling and purcha ... Read More
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Debit Cards in Malaysia
Debit Cards in Malaysia Wider acceptance is boosting the use of personal debit cards in Malaysia. The rising popularity of personal debit cards underpins the growth in the number of cards and volume and value transactions. The increased numbers of POS terminals is widening the acceptance of debit ca ... Read More
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Pre-Paid Cards in Malaysia
Pre-Paid Cards in Malaysia Despite increased competition from other payment methods, pre-paid cards retains the potential for growth as Malaysia continues to shift towards a cashless society. With the use of cash in long-term decline, a trend accelerated by the Coronavirus (COVID-19) pandemic, many ... Read More
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Financial Cards and Payments in the Philippines
Financial Cards and Payments in the Philippines While the initial surge in spending and reopening of the economy, with the easing of the threat of Coronavirus (COVID-19) and lifting of related restrictions, has started to stabilise, the Philippines continues to experience robust growth in both volum ... Read More
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Debit Cards in Italy
Debit Cards in Italy The enduring consumer preference for debit cards over credit cards continued throughout 2023, with the former accounting for the more than 10 times the value of the latter in terms of transactions. Such cards are easy to obtain in Italy, as well as having low associated costs. F ... Read More
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Pre-Paid Cards in Saudi Arabia
Pre-Paid Cards in Saudi Arabia Pre-paid cards are benefitting from the Kingdom’s move towards a cashless society – especially so in certain areas. For example, as seen with the uptake of pre-paid cards for the payment of workers’ salaries, notably so for domestic workers. In this case, the Kingdom h ... Read More
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Pre-Paid Cards in Hungary
Pre-Paid Cards in Hungary In January 2023, the previously separate pockets - accommodation, hospitality and leisure - were consolidated; therefore, the charges associated with these sectors are now aggregated and considered together. Also, in order to expedite the use of remaining funds, two additio ... Read More
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Consumer Lending in the US
Consumer Lending in the US The primary challenges facing consumer lending in 2023 have been a continuation of 2022’s twin factors of higher inflation and increasing interest rates. While the story in 2022 was one of largely unchecked inflation affecting much of the US economy, 2023 has really zeroed ... Read More
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Consumer Lending in Colombia
Consumer Lending in Colombia The Colombian economy felt the effects of a slowdown in the first semester of 2023 due to a restrictive monetary policy, compounded by a significant increase in interest rates at the end of 2022. This caused credit card interest rates to rise above 40%, leading to consum ... Read More
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Financial Cards and Payments in Vietnam
Financial Cards and Payments in Vietnam 2023 is witnessing a substantial increase in both the volume and value of financial cards overall, primarily driven by government initiatives aimed at encouraging cashless payments. Debit cards, credit cards, and pre-paid cards are all seeing healthy double-di ... Read More
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Financial Cards and Payments in Hungary
Financial Cards and Payments in Hungary The COVID-19 pandemic has significantly influenced payment habits in Hungary, leading to an increased reliance on cards, online payments and smartphone applications. This trend continued as pandemic-related restrictions were gradually lifted throughout 2022. T ... Read More
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Consumer Lending in Chile
Consumer Lending in Chile Chile's economy faces challenges as bank credit declined in 2022, the most negative annual variation in 30 years. The economic slowdown stems from a gradual adjustment to previous macroeconomic imbalances, with range projections of -0.5%-0.25% in 2023. Credit is showing low ... Read More
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Consumer Lending in Mexico
Consumer Lending in Mexico The consumer lending landscape in Mexico is expected to continue to display growth in both gross lending and the outstanding balance in 2023. 2023 is proving to be particularly favourable for the growth and expansion of fintech companies, which extend credit to consumers w ... Read More
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Debit Cards in Peru
Debit Cards in Peru The momentum of debit card usage continues to surge in 2023, mirroring the trend seen in recent years and maintaining its steadfast trajectory since the onset of the pandemic. The issuance of debit cards has remained notably robust, showcasing the consistent growth witnessed duri ... Read More
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Pre-Paid Cards in Norway
Pre-Paid Cards in Norway Although they are still a popular option in Norway, the volume of pre-paid cards has dropped significantly since the pandemic. Both open loop and closed loop pre-paid cards continue to decline in 2023, albeit at a slower rate than previous years. However, in transaction volu ... Read More
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Debit Cards in Mexico
Debit Cards in Mexico In 2023, debit cards is set to experience robust double-digit growth in volume and value transactions. Moreover, in 2023 it is expected to achieve full recovery, surpassing the performance observed in 2019, in terms of the number of cards in circulation and active accounts. The ... Read More
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Consumer Credit in Peru
Consumer Credit in Peru Consumer credit has continued to witness robust growth in 2023, albeit at a moderated pace compared to the preceding two years. This growth encompasses both outstanding balances and gross lending, having already rebounded to pre-pandemic levels in 2022. The resurgence is attr ... Read More
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Debit Cards in Chile
Debit Cards in Chile The latest “National Survey on Cash Usage and Preferences” from Chile’s Central Bank reveals intriguing shifts in payment preferences post-pandemic. In 2022, despite another decline in value, the number of personal cash transactions rebounded to similar pre-pandemic levels, only ... Read More
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