Category: Debit Cards
Debit Cards market research reports by Euromonitor International
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Financial Cards and Payments in Chile
Financial Cards and Payments in Chile The financial cards and payments landscape in Chile is undergoing a transformative shift in 2024, driven by regulatory advancements, technological innovations, and changing consumer preferences. The introduction of the Fintech Law is also reshaping the landscape ... Read More
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Credit Cards in Mexico
Credit Cards in Mexico While the unemployment rate is low in Mexico, and 2024 has begun to see a favourable exchange rate against the US dollar, many Mexicans are concerned about the state of the economy. Inflation rates have declined from the heights of 2022, but they remain high by recent historic ... Read More
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Debit Cards in Brazil
Debit Cards in Brazil Debit cards, which for a long time was one of the main payment methods in Brazil, has faced a notable decline in its share of overall payments, due to the adoption and rise of Pix, the instant payment system launched by the Central Bank of Brazil (BCB) in 2020. Pix quickly conq ... Read More
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Debit Cards in Mexico
Debit Cards in Mexico In Mexico, 2023 was a year in which debit cards saw an increase in the number of debit cards in circulation, and double-digit growth in volume and current value transactions, and this is set to continue in 2024, driven by the dynamism of the category and a stable economy. A low ... Read More
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Pre-Paid Cards in Mexico
Pre-Paid Cards in Mexico In 2024, pre-paid cards in Mexico is set to experience a strong positive performance, largely thanks to government initiatives. Transportation pre-paid cards have in a presidential election year been a way to keep citizens in favour of a certain political party. Thus, in thi ... Read More
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Pre-Paid Cards in Brazil
Pre-Paid Cards in Brazil The Worker Food Program (PAT) is a programme which encourages companies in Brazil to offer a list of benefits to employees in exchange for tax incentives, specifically a 4% deduction on their income tax. This programme was established in 1976, and underwent changes in 2022 a ... Read More
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Financial Cards and Payments in Brazil
Financial Cards and Payments in Brazil The complex macroeconomic scenario in Brazil up to the year of 1994 was marked by very intense inflationary pressure and frequent regulatory changes. These challenging conditions led local banks to implement agile and sophisticated measures to survive in an env ... Read More
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Financial Cards and Payments in Mexico
Financial Cards and Payments in Mexico During 2024, the economic outlook in Mexico has been impacted by inflationary and political factors, while the low unemployment rate, higher salaries, and the active performance of the banking sector have attracted a greater number of customers, moving towards ... Read More
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Consumer Credit in Brazil
Consumer Credit in Brazil In the post-pandemic period, in response to high inflation rates, the Central Bank of Brazil (BCB) continued to raise the basic interest rate (Selic), reaching 13.75%. This was the highest rate since 2017. The objective was to curb demand and reduce pressure on prices, espe ... Read More
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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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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 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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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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