Category: Financial Services
Financial Services market research reports by Euromonitor International
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Financial Cards and Payments in Latin America
Financial Cards and Payments in Latin America Although it is not the case in Brazil, the region’s biggest market, cash is still the leading payment method in many Latin American countries. However, governments and financial institutions are working hard to encourage greater use of cards and digital ... Read More
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UnionPay in Consumer Finance (World)
UnionPay in Consumer Finance (World) Although UnionPay is the largest card operator globally by card payment value, it is still far behind Visa and Mastercard outside China across all card segments. Besides commercial cards, its mobile app and QR, in which it has been expanding, UnionPay could explo ... Read More
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Economies in 2023
Economies in 2023 Euromonitor International forecasts global economic growth to slow significantly to 2.3% in 2023, as demand weakens amid uncertainties, inflation and tightened financial conditions. Unemployment could rise, but the labour market will remain tight. Commodities prices are expected to ... Read More
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Digital Payments in Mobility Index 2022:Where to Play Next?
Digital Payments in Mobility Index 2022:Where to Play Next? Consumer mobility is evolving as urbanisation, sustainability and growing technological savviness are driving demand for travel supported by dynamic payment solutions. Euromonitor International introduces the Digital Payments in Mobility In ... Read More
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Charge Cards in Vietnam
Charge Cards in Vietnam American Express signed a partnership with Vietnam JSC Bank for Industry & Trade (Vietinbank) in 2021 to increase acceptance of its cards in Vietnam. However, charge cards are not issued in Vietnam and there is unlikely to be any significant demand for them in the future. The ... Read More
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Store Cards in Vietnam
Store Cards in Vietnam Store cards have a negligible presence in Vietnam with there being little interest or awareness of these card products. Furthermore, the government strictly controls the supply of credit in Vietnam which makes it a complicated and lengthy process to offer store cards, which di ... 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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Store Cards in Saudi Arabia
Store Cards in Saudi Arabia PPI Euromonitor International's Store Card Transactions in Saudi Arabia report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (iss ... Read More
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Store Cards in Saudi Arabia
Store Cards in Saudi Arabia PPI Euromonitor International's Store Card Transactions in Saudi Arabia report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (iss ... Read More
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Credit Cards in the Netherlands
Credit Cards in the Netherlands The Netherlands has seen its society reopen in 2022 encouraging consumers to switch spending from goods to services, both online and offline. Consumers are paying for services online via apps, including transportation, food delivery, parking, and often use credit card ... 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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Charge Cards in the Czech Republic
Charge Cards in the Czech Republic Charge cards will continue to see a limited recovery in 2022 due to business activities remaining lower than pre-pandemic. The most common type of charge card in the Czech Republic is commercial fleet cards. Given the interruptions to commercial activities during t ... 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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Charge Cards in the Netherlands
Charge Cards in the Netherlands International travel was severely restricted during the COVID-19 pandemic leading to a substantial decline in charge cards use in 2020 and 2021. Indeed, charge cards are mostly used abroad and for e-commerce, so travel restrictions led to a severe reduction in spend p ... 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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Store Cards in Malaysia
Store Cards in Malaysia PPI Euromonitor International's Store Card Transactions in Malaysia report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and ... 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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Store Cards in Indonesia
Store Cards in Indonesia There were no store cards operating in Indonesia at the end of the review period, and there are currently no expectations of any such financial cards entering the market over the forecast period. It is expected that Indonesians will prefer to use regular financial cards such ... Read More
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Charge Cards in the Philippines
Charge Cards in the Philippines As charge cards caters to higher-income earners, it is still only small in the Philippines in 2022. Credit cards have low penetration in the country and it is thus to be expected that more premium card products will have an even smaller market. Even prior to the outbr ... Read More
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Credit Cards in the Czech Republic
Credit Cards in the Czech Republic The low awareness of credit cards in 2022 continues restrict the performance of credit cards in the Czech Republic. Over the review period, the number of accounts and cards has declined, with 2022 expected to be no exception to this trend. Consumers have been reluc ... 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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Store Cards in South Africa
Store Cards in South Africa In 2022, store cards continues its steady rebound in transactions, in line with an improving economy, and the repeal of lockdown restrictions. As a result, local consumers are able to move around more freely than in 2021, and hence, are spending greater time in shopping c ... Read More