Category: Financial Services
Financial Services market research reports by Euromonitor International
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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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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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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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Consumer Lending in Brazil
Consumer Lending in Brazil Brazilians are well-acquainted with dividing payments into instalments, a practice prevalent in both traditional retail credit (known as ""crediário"") and credit card payments. The compounding effects of inflation, a challenging job market, and reduced consumer purchasing ... Read More
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Charge Cards in Singapore
Charge Cards in Singapore Charge card transactions have demonstrated a consistent upward trajectory in terms of transaction volume and retail value in 2023, coinciding with the resurgence of travel activities in Southeast Asia as pandemic-related restrictions have been removed. The revival of intern ... 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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Credit Cards in Singapore
Credit Cards in Singapore Credit card transactions in Singapore have sustained considerable growth in both total retail value and transaction volume, owing to the resurgence of the travel industry in Asia Pacific. This revival of travel has become the key growth driver for recent credit card offerin ... Read More
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Consumer Lending in Japan
Consumer Lending in Japan Consumer lending in Japan is growing in 2023 in line with demand for greater convenience and easy access to lending services, mainly due to more services being accessed online. New emerging players, such as LINE Pocket Money by LINE Credit Corporation and Merpay Smart Money ... Read More
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Consumer Lending in Australia
Consumer Lending in Australia The major talking point of 2023 from a consumer lending point of view has been the increase in interest rates over the year as a result of the RBA (Reserve Bank of Australia) attempting to address high inflation rates. Due to higher interest rates, outstanding balance h ... 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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Credit Cards in South Africa
Credit Cards in South Africa As more middle-income households are struggling to reach month-end, due to the combined effects of rising interest rates, which have put pressure on existing vehicle and mortgage loans, as well as inflationary pressures, which have affected disposable incomes, credit car ... Read More
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Store Cards in South Africa
Store Cards in South Africa Store cards is set to witness growth in volume and value transactions in 2023, supported by cash-strapped consumers, notably lower- to middle-income consumers. This trend has been consolidated by the rising cost of living, which continues to affect household disposable in ... Read More
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Charge Cards in South Africa
Charge Cards in South Africa Following the significant decline in transaction value and volumes experienced in 2020 due to extended restrictions imposed in the South African travel and hospitality industries in response to the COVID-19 pandemic, the complete lifting of the state of emergency has sin ... 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 Lending in South Africa
Consumer Lending in South Africa The South African economy has continued to struggle in 2023, as reflected by 0.4% real GDP growth, the unemployment rate stagnating beyond 32%, and the South African rand depreciating further against major currencies. Economic growth has also been constrained by pers ... 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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Embedded Finance Revolutionising Cross-Border Transaction
Embedded Finance Revolutionising Cross-Border Transaction Global cross-border transaction market is projected to exceed USD40 trillion in 2028, largely driven by trading. Fast, low cost and secure became the three key service requirements of embedded cross-border transaction solutions, while local p ... Read More
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Consumer Credit in Spain
Consumer Credit in Spain Buy now pay later (BNPL) continues to grow in popularity, particularly among young adults, and there is a notable shift to BNPL loans. A significant number of financial services providers have launched their own BNPL programmes, including Banco Santander, CaixaBank and BBVA, ... Read More
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World Market for Consumer Finance
World Market for Consumer Finance The world market for consumer finance continues to see card and electronic payment value grow for consumers around the world as consumer confidence strengthens. Card payment value growth over the forecast period is expected to be driven by credit card functions whil ... Read More
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