Category: Debit Cards
Debit Cards market research reports by Euromonitor International
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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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Debit Cards in India
Debit Cards in India A government-led financial inclusion initiative is enticing a burgeoning population to embrace the formal banking sector, which is acting in favour of further driving debit card penetration. The government’s financial inclusion initiative, also known as Pradhan Mantri Jan Dhan Y ... Read More
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Pre-Paid Cards in India
Pre-Paid Cards in India Pre-paid card transactions witnessed healthy double-digit growth in transaction volumes over 2021-2022. However, in 2023, the category witnessed a decline in volume of transactions as consumers became increasingly inclined to choose alternative products such as mobile payment ... Read More
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Financial Cards and Payments in India
Financial Cards and Payments in India A government-led financial inclusion initiative enticed a burgeoning population to embrace the formal banking sector, resulting in further uptake of financial cards, in particular, debit cards, in 2023. The Pradhan Mantri Jan Dhan Yojana (PMJDY) benefited in bri ... Read More
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Consumer Credit in Austria
Consumer Credit in Austria Consumer credit has experienced a significant drop in all areas of gross lending in 2023. In light of the sharp increases in the cost of living since 2022, Austrians have generally been frugal with expenditure. Individuals are focused on meeting their immediate basic needs ... Read More
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Debit Cards in Austria
Debit Cards in Austria Debit card transactions remained the main driver behind the shift from cash to card payments in 2023. Every bank account holder in Austria owns at least one debit card, which is heavily favoured for payments at the POS, with debit card consumers confident that there are no ext ... Read More
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Pre-Paid Cards in Austria
Pre-Paid Cards in Austria Closed loop pre-paid card transactions in Austria are essentially merchant-issued gift cards, and demand for these continued to increase in 2023. In a time of persistently high inflation with increased prices of essentials such as food and petrol, gift cards became popular, ... Read More
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Debit Cards in the US
Debit Cards in the US Fraud has hit debit cards hard in the US in recent years. Significant increases in card not present fraud have been recorded in the market in 2023, and are a legitimate concern for those in the financial industry. A significant threat to card usage has been the growth of card s ... Read More
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Pre-Paid Cards in the US
Pre-Paid Cards in the US 2023 is likely to go down as the first generally “normal” year of the 2020s. While 2022 saw most companies return to at least some form of hybrid working, the emergence of the Omicron variant early in the year had a significant effect on the overall health of the nation. 202 ... Read More
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Credit Cards in the US
Credit Cards in the US Credit cards in the US is set to continue to see robust growth by all measures in 2023. While inflation in the country has generally been at lower levels than in the extreme outlier year of 2022, prices have still grown considerably, and some US consumers have been forced to r ... 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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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 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 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 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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