Category: Debit Cards
Debit Cards market research reports by Euromonitor International
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Debit Cards in Hungary
Debit Cards in Hungary With the merger of Takarékbank and MKB Bank, a new financial service provider was formed, MBH Bank. MBH Bank leads in the personal and commercial segments, including current accounts and debit cards, and is especially dominant in smaller towns and villages where Takarékbank wa ... Read More
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Financial Cards and Payments in Argentina
Financial Cards and Payments in Argentina The credit card business has become less lucrative for banks, primarily serving as a means to entice customers to deposit their salaries into banking institutions. The prevalent monthly inflation in Argentina has soared to alarming levels. Banks face the obl ... Read More
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Consumer Credit in Turkey
Consumer Credit in Turkey The year 2023 witnessed a decline in the number of consumers obtaining personal consumer credit. As Inflation and the cost of living remained high, consumers relied on cash withdrawals from credit cards when they needed small sums of money. This shift in consumer behaviour ... Read More
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Debit Cards in Norway
Debit Cards in Norway Debit cards are the most popular types of card payment in Norway and face little threat from credit cards or other types of financial card payments in 2023. Around one-half of all payment cards in Norway are debit cards, generating more than 80% of transactions. During the pand ... Read More
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Pre-Paid Cards in Colombia
Pre-Paid Cards in Colombia In 2023, the number of pre-paid cards in circulation is expected to grow steadily. Closed loop pre-paid cards, particularly transportation cards, will remain the most important. This growth is driven by increased mobility as hybrid work schemes lose traction. Transportatio ... Read More
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Consumer Credit in Italy
Consumer Credit in Italy Consumer credit registered positive, albeit modest growth in terms of gross lending and outstanding balance values in Italy in 2023, as ongoing economic uncertainty led many consumers to retain a conservative approach towards borrowing. While the rate of inflation fell durin ... Read More
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Debit Cards in Egypt
Debit Cards in Egypt The Central Bank of Egypt reported a noteworthy 15% overall growth in the total number of electronic cards in Egypt by the end of 2022. Specifically, the number of debit cards in the market witnessed a substantial 12% growth. The government's ongoing financial inclusion efforts ... Read More
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Debit Cards in Denmark
Debit Cards in Denmark Denmark is mostly a cashless country, and debit cards continue to be the most popular payment method, both in terms of number of transactions and total transaction value, The number of cards is only expected to increase slightly in 2023, as the market is saturated, and already ... Read More
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Debit Cards in Morocco
Debit Cards in Morocco Driven by population growth and continued urbanisation, the number of debit cards in Morocco continues to soar. Traditionally, local consumers show a strong preference for using debit cards thanks to the safety and reliability of paying with existing money rather than borrowed ... Read More
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Financial Cards and Payments in France
Financial Cards and Payments in France Financial cards continues its progress in 2023, however, with mixed results. Global inflation continues to create an uncertain economic climate and an increasing price-sensitivity around sales of fast-moving consumer goods (FMCGs), leading to widespread discoun ... Read More
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Financial Cards and Payments in Mexico
Financial Cards and Payments in Mexico Financial cards and payments in Mexico in 2023 has been marked by growth, and adaptation to consumer needs. Post-pandemic economic recovery has been playing a pivotal role in boosting card usage and transaction volumes and values. This recovery, coupled with in ... Read More
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Consumer Credit in Sweden
Consumer Credit in Sweden Consumer credit suffered during the first year of the COVID-19 pandemic, when economic uncertainty saw the postponement of larger purchases. While gross lending surpassed pre-pandemic levels in 2022, consumers remained cautious, amid much uncertainty about the future. Auto ... Read More
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Financial Cards and Payments in Israel
Financial Cards and Payments in Israel In 2023, Israel is experiencing a notable surge in the use of digital wallets, largely driven by the rising number of providers and the inherent convenience they offer. The entry of major players like Apple Pay in late 2021 significantly boosted the adoption of ... Read More
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Consumer Credit in France
Consumer Credit in France Consumer credit is facing challenges in 2023, due to the uncertainty of the overall economic context. Negative influencing factors include high inflation, geopolitical unrest concerning the ongoing Russia-Ukraine war, and, in light of this situation, a degree of consumer ca ... Read More
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Pre-Paid Cards in Romania
Pre-Paid Cards in Romania Pre-paid cards are experiencing significant growth in 2023, encompassing a surge in the number of cards in circulation, the volume of transactions, and their overall value. This surge is primarily attributed to the remarkable growth potential observed in open-loop cards, cr ... Read More
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Pre-Paid Cards in Sweden
Pre-Paid Cards in Sweden Pre-paid cards remain relatively strong in terms of the number of cards, but hold a very marginal share of all card payment transactions in 2023. Bank account penetration is almost universal in Sweden, with the result that pre-paid cards are typically used for less usual pay ... Read More
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Debit Cards in Canada
Debit Cards in Canada Canada's labour force shortage has placed mounting pressure on smaller businesses. Traditional checkouts are giving way to efficiency as s retailers scramble to optimise checkout speeds, and there is a growing trend of merchants leaning into contactless debit transactions. As w ... Read More
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Pre-Paid Cards in Morocco
Pre-Paid Cards in Morocco There are no open-loop pre-paid cards in Morocco, and the number of closed-loop pre-paid cards (and the value of transactions made using them) was in decline even before the onset of the pandemic. The increased use of debit cards was the main driver of this fall. In the pas ... Read More
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Store Cards in Turkey
Store Cards in Turkey There were no store cards with “pay later” options available in Turkey at the end of the review period. All cards issued by retailers are closed loop pre-paid cards that enable payment in specific retail outlets. Over the forecast period, prospects for store cards remain weak a ... Read More
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Pre-Paid Cards in Turkey
Pre-Paid Cards in Turkey Turkey is witnessing dynamic growth in social media and gaming expenditure. While consumers above the age of 18 and those in the workforce have the option to obtain credit or debit cards to access their wages, a different consumer profile is emerging among underage individua ... Read More
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Debit Cards in Turkey
Debit Cards in Turkey The COVD-19 pandemic hampered the use of cash in Turkey, with consumers also opting to use a debit card over credit cards in 2023. The availability of contactless debit cards encouraged consumers to use their debit cards for small purchases, while saving their credit cards for ... Read More
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Financial Cards and Payments in Colombia
Financial Cards and Payments in Colombia The use of debit cards continues to grow strongly in Colombia, supported by increased online purchases and cautious consumer behaviour. While credit card issuance remains stagnant, pre-paid cards, particularly closed loop transportation cards, are steadily ga ... Read More
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Consumer Credit in Brazil
Consumer Credit in Brazil In June 2023, the percentage of households carrying outstanding debts in Brazil rose by a 0.2 percentage point, reaching a total of 78.5%, the highest level since November 2022. Among these households, 18.5% considered themselves heavily burdened with debt, marking the high ... Read More
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Financial Cards and Payments in Brazil
Financial Cards and Payments in Brazil In 2023, Brazil's finance industry is undergoing rapid transformations driven by an expanding banked population, digitalisation, and advancements in open finance. Concurrently, consumers are increasingly turning to credit in the face of adverse macroeconomic co ... Read More
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Pre-Paid Cards in Brazil
Pre-Paid Cards in Brazil Local consumers increasingly seek the ability to utilise pre-paid cards in digital domains, spanning online shopping, food delivery services, and ride-hailing platforms. Brazilians also aspire to utilise pre-paid cards in diverse contexts, including international travel. Alt ... Read More
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