Category: Debit Cards
Debit Cards market research reports by Euromonitor International
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Consumer Lending in China
Consumer Lending in China Demand for consumer lending is set to see a moderate rebound in 2023, as the pandemic has eased, and consumer spending has returned, especially on services and in other discretionary categories. However, growth in consumer lending in China is expected to be slow, following ... Read More
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Debit Cards in Brazil
Debit Cards in Brazil Debit cards in Brazil have enjoyed continuous growth as an increasing number of Brazilians shift away from traditional paper-based payment methods such as cash and cheques. This transition is driven by the ongoing digitisation of financial services and the increasing number of ... Read More
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Financial Cards and Payments in Singapore
Financial Cards and Payments in Singapore The financial cards and payments landscape in Singapore has experienced notable transformations as the nation progresses towards its goal of becoming a cashless society. This evolution has been primarily driven by the rise of digitalisation, empowering payme ... Read More
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Pre-Paid Cards in Singapore
Pre-Paid Cards in Singapore EZ-link, the leading open-looped pre-paid card in Singapore, has significantly benefited from the resumption of regional travel. Not only has EZ-link gained traction among tourists visiting Singapore, who find it a convenient payment solution for various modes of public t ... Read More
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Debit Cards in Singapore
Debit Cards in Singapore The consistent growth of debit cards in Singapore can be attributed to the ongoing enhancement of benefits provided to debit cardholders. In the past, debit card offerings and associated benefits were generally outpaced by those offered by credit cards. However, in an attemp ... Read More
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Financial Cards and Payments in South Africa
Financial Cards and Payments in South Africa The number of financial cards in circulation is set to continue to increase in 2023, supported by a steady rise in the banked population and the intensified competition between issuers. Meanwhile, value transactions across categories such as debit cards a ... Read More
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Debit Cards in South Africa
Debit Cards in South Africa The prices of essential goods and services such as food and electricity have continued to rise in 2023, despite the relatively lower level of inflation, which moved from 7.0% in 2022 to 5.7% in 2023. Debit card value transactions benefited from this trend. The overall per ... Read More
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Pre-Paid Cards in South Africa
Pre-Paid Cards in South Africa As mobility has normalised in 2023, following restrictions imposed during the pandemic, demand for pre-paid cards for the Bus Rapid Transport (BRT) system has benefited from households resuming activities such as work and school. Growth in transaction values has also b ... Read More
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Consumer Credit in South Africa
Consumer Credit in South Africa Demand for consumer credit gross lending is set to continue to increase in 2023, despite the South African Reserve Bank’s consecutive rises in interest rates to stabilise inflationary pressures. This trend has been driven mainly by declining disposable incomes across ... Read More
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Consumer Lending in Spain
Consumer Lending in Spain The costs of households have continued to rise across the board in 2023 due to the change in tone of the monetary policy of the European Central Bank, which increased interest rates four times during 2022 and 2023, resulting in rising interest rates on mortgages and consume ... Read More
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Debit Cards in Portugal
Debit Cards in Portugal Debit cards is on the rise in 2023, boosted by growing expenditure levels. Despite downward pressure on consumer purchasing power, Portuguese people have continued to increase their expenditure levels in 2023 as a result of rising inflation rates and a decline in savings. Eco ... Read More
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Financial Cards and Payments in Portugal
Financial Cards and Payments in Portugal Portuguese consumers continue to shift towards electronic payment instruments (payment cards, electronic direct or ACH transactions), with cards being the most used electronic payment instrument in everyday life. The trend of replacing cash with card purchase ... Read More
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Debit Cards in Spain
Debit Cards in Spain Banks in Spain are changing their business strategy, resulting in a decline in the number of debit cards issued in 2023. Whilst customers previously had access to a free debit card if they had other banking products and services, including mortgages and insurance, most banks now ... Read More
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Pre-Paid Cards in Spain
Pre-Paid Cards in Spain Closed loop pre-paid cards remain dominant in Spain, accounting for around four-fifths of transactions by value. Indeed, closed loop pre-paid cards issued by the public transportation systems in Madrid and Bilbao (Consorcio Transporte Madrid and Consorcio de Transportes de Bi ... Read More
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Pre-Paid Cards in Portugal
Pre-Paid Cards in Portugal Boosted by the recovery of transportation cards, which had suffered severely during the COVID-19 pandemic, closed loop cards is seeing double-digit growth in 2023. Otlis, Lisbon’s transportation system cards, leads in terms of number of cards in circulation. Economic recov ... Read More
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Financial Cards and Payments in Spain
Financial Cards and Payments in Spain The Spanish economy has performed better than anticipated in 2023, despite the challenges posed by high energy costs and the aftermath of the COVID-19 pandemic, with consumption continuing to recover to 2019 levels, boosted by the recovery of travel and tourism. ... Read More
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Financial Cards and Payments in Saudi Arabia
Financial Cards and Payments in Saudi Arabia Owing to the Saudi Vision 2030, Saudi Arabia had already been taking steps to transform into a cashless society, even before the COVID-19 pandemic hit. With the pandemic measures greatly supporting this cause, Saudi Arabia has witnessed significant progre ... Read More
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Debit Cards in the Czech Republic
Debit Cards in the Czech Republic Debit card payments were temporarily slowed during the pandemic as the country’s lockdown led to the closure of foodservice and almost all retail channels. However, upon reopening these venues, the category saw a quick recovery, especially since a growing number of ... Read More
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Debit Cards in the Netherlands
Debit Cards in the Netherlands Debit cards are the leading payment method in the Netherlands, which are used for the vast majority of offline payments. Indeed, paying by card tends to be synonymous with paying by debit card. During the COVID-19 pandemic, consumers were encouraged to pay by card for ... Read More
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Financial Cards and Payments in Malaysia
Financial Cards and Payments in Malaysia The strong moves towards a cashless society in Malaysia, pushed by the government and private actors, such as retailers, and accelerated by the experience of the Coronavirus (COVID-19) pandemic, provided a further boost to the use of card payments as replacem ... Read More
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Financial Cards and Payments in the Netherlands
Financial Cards and Payments in the Netherlands Financial card transactions and value spend continues to recover from the negative impact of the COVID-19 pandemic in 2022. Expenditure on services is contributing to this growth with travel, eating out and demand for cultural events rising sharply in ... Read More
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Pre-Paid Cards in the Netherlands
Pre-Paid Cards in the Netherlands Closed loop pre-paid growth is being driven by the public transport card OV-chipkaart in 2022, which is the main payment method for this service. In 2022, office workers are returning to work at their offices and domestic travel using public transport is subsequentl ... Read More
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Financial Cards and Payments in the Czech Republic
Financial Cards and Payments in the Czech Republic With cash still contributing to nearly half of all payments in 2022, there is much growth potential for financial cards in the Czech Republic. This will particularly benefit debit and credit cards, with these being the most popular options for consu ... Read More
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Pre-Paid Cards in the Czech Republic
Pre-Paid Cards in the Czech Republic Pre-paid cards saw the number of transactions and transaction value bounce back in 2021 and will witness a further acceleration in growth in 2022. This is largely a result of the relaxation of pandemic measures, with closed loop cards used for public transport ba ... Read More
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Financial Cards and Payments in South Africa
Financial Cards and Payments in South Africa The number of financial cards in circulation is growing in 2022, as the South African economy fully reopens following the removal of all lockdown restrictions in June. Credit card spending is posting buoyant growth, supported by strong consumer demand in ... Read More
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