Category: Financial Services
Financial Services market research reports by Euromonitor International
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Consumer Lending in Taiwan
Consumer Lending in Taiwan In 2023, the total credit amount in Taiwan surged over the previous year. This figure has doubled since pre-pandemic levels at the end of 2019. Taiwan's financial landscape boasts a multitude of institutions holding significant liquid funds. Taiwanese consumers are increas ... Read More
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Financial Cards and Payments in Sweden
Financial Cards and Payments in Sweden The two pandemic years boosted the use of financial cards in Sweden. While the use of cash in the country was already exceptionally low by global standards at the start of the review period, its role diminished further during the pandemic due to consumer hygien ... 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 Lending in France
Consumer Lending in France Consumer lending is facing challenges in 2023, arising from the current socioeconomic environment. Indeed, as society began to recover from the impacts of the pandemic era, new factors came to play, from soaring global interest rates to the ongoing Russia-Ukraine war, whic ... Read More
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Consumer Credit in Vietnam
Consumer Credit in Vietnam The biggest story in consumer lending in 2023 is the issuing of the new Circular by the State Bank of Vietnam, to promote consumer lending for daily needs. To encourage banks to increase their lending activities, including consumer lending, the State Bank issued Circular N ... 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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Consumer Credit in Argentina
Consumer Credit in Argentina While the Buy Now, Pay Later mechanism is still in its early stages in the country, new companies are emerging with innovative models, such as GOcuotas. Despite being relatively small, GOcuotas is experiencing remarkable growth, boasting an annual rate of 500%. Presently ... Read More
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Store Cards in Morocco
Store Cards in Morocco The popularity of store cards was already in decline during the review period. Among the main reasons for this is that many local consumers struggle to see the advantages that these cards offer or, alternatively, they understand the advantages but do not believe that these are ... 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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Credit Cards in Peru
Credit Cards in Peru The landscape of credit cards in 2023 exhibits a dynamic where growth, while still apparent, has tapered in comparison to preceding years. This slowdown is a result of heightened prudence exercised by users, stemming from their concern over the stagnant economic growth. The evol ... Read More
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Charge Cards in Mexico
Charge Cards in Mexico Charge cards, which is predominantly represented by American Express, is expected to experience a remarkable resurgence in 2023. In this year charge cards is expected to rebound to around the pre-pandemic levels of usage and card issuance. This rising trend is evident across b ... 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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Consumer Credit in Poland
Consumer Credit in Poland In the face of economic slowdown, there has been a clear decline in private consumption in Poland. Banks have tightened lending criteria for all types of loans to protect their business revenues. At the start of 2023, the criteria for granting consumer credit remained tight ... 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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Credit Cards in Canada
Credit Cards in Canada In the latter half of 2022, Canada opened its doors, discarding travel restrictions and welcoming a surge of new students and workers from overseas. Canada's financial institutions greeted these newcomers with a generous $2,000 credit card limit, and more than three-quarters o ... 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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Credit Cards in Sweden
Credit Cards in Sweden After the pandemic, there has been much pent-up demand for activities which were restricted, including going out and travelling abroad. Also, many Swedes managed to make significant savings during COVID-19 and have been able to spend more post-pandemic. This has created a good ... 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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Charge Cards in Brazil
Charge Cards in Brazil When presented with a choice between a credit card and a card offering credit card-like functionality but without revolving credit, most Brazilians opt for the former. This inclination is rooted in a fundamental factor hindering charge cards from achieving more substantial suc ... 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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