Category: Debit Cards
Debit Cards market research reports by Euromonitor International
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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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Pre-Paid Cards in Indonesia
Pre-Paid Cards in Indonesia The pre-paid cards category has continued its strong performance in 2023, with the category seeing positive growth in terms of both volume and value transactions, as in the previous year. Pre-paid cards has been particularly impacted by the revival of normal social and ec ... Read More
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Pre-Paid Cards in Nigeria
Pre-Paid Cards in Nigeria Nigeria remains a mainly cash-driven society, though debit card usage is growing. Pre-paid cards, however, are not a popular option, and while the number of cards is expected to increase, constant transaction value is expected to fall in 2023, as inflation remains very high ... Read More
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Debit Cards in Nigeria
Debit Cards in Nigeria While Nigeria still mainly operates with cash, debit cards are the most popular financial card and continue to gain further penetration and in 2023, both number of cards and transaction values are expected to increase, with a double-digit constant value increase in spending. T ... Read More
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Debit Cards in Hong Kong, China
Debit Cards in Hong Kong, China Since the reopening of borders in the fourth quarter of 2022, there has been a surge in enthusiasm among Hong Kong’s population to travel abroad after enduring three years of the pandemic. Residents are now showing a strong and sustained interest in reallocating their ... Read More
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Debit Cards in Argentina
Debit Cards in Argentina The high inflation rate in Argentina has led to a significant increase in the use of debit cards. The government has refrained from printing higher denomination bills, and the highest available denomination is ARS2000, roughly equivalent to USD8 at the official exchange rate ... Read More
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Financial Cards and Payments in Norway
Financial Cards and Payments in Norway Financial cards and payments in Norway is witnessing a moderate performance in 2023, with flat volume growth and steady growth in card transactions. There has been a steady recovery in transaction spend since 2021, following the heavy declines experienced at th ... Read More
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Financial Cards and Payments in Chile
Financial Cards and Payments in Chile 2023 has witnessed another marginal rebound in personal cash usage in Chile, despite a further decline in the overall value of this payment type. Cash usage tends to be higher among individuals over 60 years of age, those from lower socio-economic backgrounds, a ... Read More
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Pre-Paid Cards in Denmark
Pre-Paid Cards in Denmark While there is a significant number of pre-paid cards in Denmark, the spend is not significant. That being said, there is expected to be a modest increase in value spend in 2023, largely driven by rising inflation. With debit cards having significant penetration and the pop ... Read More
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Pre-Paid Cards in Poland
Pre-Paid Cards in Poland Against the backdrop of double-digit inflation in Poland, employees are increasingly interested in non-wage benefits that can help mitigate the rising cost of living. Many companies are responding to this pressing need by expanding the range of employee benefits. One example ... Read More
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Pre-Paid Cards in Taiwan
Pre-Paid Cards in Taiwan Despite the rise of digital wallets, physical credit cards and pre-paid cards still play a significant role in payments. Notably, digital wallets often cannot link to popular pre-paid cards like EasyCard, the largest transportation card in Taiwan, widely accepted at retail s ... Read More
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Debit Cards in Colombia
Debit Cards in Colombia The use of debit cards continues to grow and they remain the most important payment method behind cash. Further robust growth is expected in 2023 both in the number of cards in circulation and value of transactions. The performance of debit cards has been influenced by their ... Read More
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Consumer Lending in Canada
Consumer Lending in Canada Canada's credit landscape in 2023 is showing rises in lending, with more Canadians gaining access to lending products via traditional financial institutions and private lenders. At the same time, as the cost of living bears down on Canadians, thanks to inflation and steepe ... Read More
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Debit Cards in Romania
Debit Cards in Romania Online payments have seen a significant surge in popularity, continuing through 2023, with an increasing number of e-commerce transactions being finalised through online payment methods. Electronic direct transfers and ACH (Automated Clearing House) transactions continue to gr ... Read More
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Debit Cards in Sweden
Debit Cards in Sweden Debit cards remain the most popular type of financial card in Sweden in 2023 in terms of the number of cards in circulation, and current value and volume transactions. The popularity of debit cards is attributable to the high share of digital payments, the declining importance ... Read More
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