Category: Financial Services
Financial Services market research reports by Euromonitor International
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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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Consumer Lending in Saudi Arabia
Consumer Lending in Saudi Arabia Consumer lending in Saudi Arabia is on the upturn, as the Kingdom has generally recovered from the aftereffects of the COVID-19 pandemic. Moreso, due to consumer behaviour and expenditures unwaveringly affected by the pandemic, along with 15% VAT, consumer lending is ... Read More
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Consumer Lending in Italy
Consumer Lending in Italy Consumer lending in Italy maintained positive, albeit modest growth in current value terms in 2023, as ongoing economic uncertainty led many Italians to retain a cautious attitude towards borrowing. Factors such as high inflation rates, increasing ECB interest rates and hig ... Read More
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Consumer Lending in Thailand
Consumer Lending in Thailand Thailand consumer lending remains robust in 2023, with double-digit growth rates in gross lending as the category continues to recover from the COVID-19 pandemic. The rise in private consumption and the revival in tourism has led to an upturn in consumer confidence acros ... Read More
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Financial Cards and Payments in Denmark
Financial Cards and Payments in Denmark In terms of financial cards, Denmark is a saturated market and the number of cards in circulation is not expected to increase significantly across debit, credit, pre-paid or store cards. Euromonitor International's Financial Cards and Payments in Denmark repor ... 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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Consumer Credit in Denmark
Consumer Credit in Denmark Increasing interest rates are having an impact on consumer lending in 2023, with growth lower than the previous year. That being said, growth is still positive as the economy fares fairly well, in spite of inflation continuing to rise, though at a slower rate than in 2022. ... 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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Charge Cards in Morocco
Charge Cards in Morocco The number of charge cards in circulation in Morocco is rising thanks mainly to population growth, urbanisation and the rising share of the banked population. The convenience of interest-free deferred payments - the core feature of charge cards - is a major incentive for loca ... Read More
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Charge Cards in Romania
Charge Cards in Romania Charge cards experience sluggish growth due to rising inflation and a low economic performance, leading companies to optimise expenditures by reducing spending limits. However, charge cards lack digital options that are flourishing in other card types, causing a stagnation in ... Read More
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Credit Cards in Turkey
Credit Cards in Turkey Credit card transactions continue to exhibit triple-digit current value growth in 2023, aligning with the extremely high inflation rate in Turkey. The rising number of credit cards and transactions is primarily driven by the influx of new consumers entering the banking system ... 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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Consumer Credit in Romania
Consumer Credit in Romania Consumer lending in 2023 is experiencing a slowdown due to the rapid rise in interest rates and the prevailing economic uncertainty. There is a notable increase in interest in quick loans from non-banking institutions and card lending. The surge in prices and declining dis ... 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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Consumer Credit in Nigeria
Consumer Credit in Nigeria A new government inherited a sluggish economy, record debt and shrinking oil output, due to creaking infrastructure. On foot of this, the government has implemented some difficult decisions in order to stabilise the economy, including ending a decades-old petrol subsidy th ... Read More
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Credit Cards in Israel
Credit Cards in Israel In early 2023, the Israeli government is set to mandate Discount Bank to divest its credit card business, Visa Cal, aiming to enhance competition within the credit card market. This move will introduce a new player to the credit market, fostering a more diversified and competi ... Read More
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Charge Cards in Greece
Charge Cards in Greece During the COVID-19 pandemic of 2020-2021, commercial charge cards experienced a significant downturn in sales. The lockdowns, decline in tourism (a key driver of the Greek economy), general reduction in business activities, and restrictions on travel and dining – vital areas ... Read More
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Credit Cards in Denmark
Credit Cards in Denmark While the number of cards in circulation is expected to remain stable, with only a marginal increase, there is expected to be a double-digit increase in total transaction values. This is largely explained by inflation, particularly as the spend on credit cards is usually for ... Read More
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Financial Cards and Payments in Nigeria
Financial Cards and Payments in Nigeria Nigeria continues to be a cash economy, though debit cards in particular are growing in popularity. Also, in 2023, this growth was further amplified, due to a cash shortage, as there was insufficient supply of the newly designed naira. As a result, in March, t ... Read More
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Financial Cards and Payments in Greece
Financial Cards and Payments in Greece The Greek financial card and payments market experienced robust growth in 2022, fuelled by post-pandemic recovery and the impact of inflation. This growth trend persists into 2023, albeit at a slower pace, attributed to the positive economic outlook and relativ ... Read More
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Consumer Lending in Turkey
Consumer Lending in Turkey In 2023, consumer lending has witnessed a surge in current value growth, despite soaring inflation rates that have caused substantial economic challenges for consumers. Unpredictable fluctuations in the cost of living and foreign exchange rates have made consumers more rel ... Read More
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Consumer Lending in Romania
Consumer Lending in Romania Consumer lending in Romania for the year 2023 portrays a nuanced landscape influenced by several key factors. The confluence of increasing interest rates, high inflation, and the geopolitical context shaped by the Russian invasion of Ukraine has collectively dampened Roma ... Read More
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Consumer Lending in Singapore
Consumer Lending in Singapore Consumer lending in Singapore is exhibiting positive growth in 2023, displaying a robust recovery from the pandemic's impact since 2022. Notably, card lending has emerged as a significant driver of growth in overall consumer lending, coinciding with the country's ongoin ... Read More
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Consumer Lending in Vietnam
Consumer Lending in Vietnam In 2023, the State Bank of Vietnam implemented measures to promote consumer lending for daily needs. To encourage banks to increase their lending activities, including consumer lending, the State Bank issued Circular No. 06/2023/TT-NHNN on 28 June 2023, amending and suppl ... Read More
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Financial Cards and Payments in Peru
Financial Cards and Payments in Peru Financial cards and payments have indeed witnessed substantial growth in 2023. However, this growth has seen a notable slowdown due to consumers adopting a more cautious approach to spending. Factors contributing to this caution include the sluggish economic grow ... Read More
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