Category: Financial Services
Financial Services market research reports by Euromonitor International
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Consumer Credit in Germany
Consumer Credit in Germany In 2023, Germany’s consumer credit market showed signs of cautious optimism. Despite the lingering effects of the pandemic and geopolitical tensions, such as the ongoing crisis in Ukraine, there was a modest rise in consumer lending. However, German consumers remained caut ... Read More
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Consumer Lending in Germany
Consumer Lending in Germany In 2023, Germany’s consumer lending landscape was characterised by a complex interplay of economic challenges and consumer behaviour. While the market was recovering from the COVID-19 pandemic, it faced headwinds from ongoing geopolitical tensions and inflationary pressur ... Read More
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Financial Cards and Payments in Middle East and Africa
Financial Cards and Payments in Middle East and Africa While consumers in the Middle East and Africa region continue to increase their usage of card payments and the digitalisation of the financial industry also continues to advance, cash still remains important in many countries, especially the Afr ... Read More
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Financial Cards and Payments in Western Europe
Financial Cards and Payments in Western Europe Total transactions value growth slowed in Western Europe in 2023, with many consumers’ spending impacted by the still high inflation rates. Paper payments remained in decline, with electronic direct/ACH payments continuing to grow. Card payment transact ... Read More
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Financial Cards and Payments in Latin America
Financial Cards and Payments in Latin America Ongoing trends continued to be seen in 2023, with the use of cash declining and the digital transformation of financial cards and payments markets in the region a major theme in Latin America. Be it the Pix instant payments system in Brazil or the impend ... Read More
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Financial Cards and Payments in Asia Pacific
Financial Cards and Payments in Asia Pacific The use of cash continues to lose out to electronic direct/ACH and card payments in the Asia Pacific region, although paper transactions still remain important in some countries. Digital wallets continue gaining in popularity due to their convenience, and ... Read More
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Consumer Credit in India
Consumer Credit in India In 2023, card lending - driven by increasing credit card adoption in India - remained the dominant category within consumer credit in gross lending terms. The adoption of credit cards further increased during the year, primarily as consumers’ responsibilities in the form of ... Read More
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Consumer Lending in India
Consumer Lending in India Consumer lending is growing at a healthy pace in India, driven by evolving lifestyle preferences where consumers strive for a higher standard of living and access to modern amenities. The country’s growing economy, rising disposable incomes, and increasing financial literac ... Read More
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Embedded Finance Ecosystem: Mapping the Path to Services Industries’ Transformation
Embedded Finance Ecosystem: Mapping the Path to Services Industries’ Transformation Embedded finance is the critical factor to improve customer journey and drive transformation for services industries.. With travel recovery and sluggish volume sales of automotives, embedded finance is considered to ... Read More
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Credit Cards in India
Credit Cards in India Credit cards in India witnessed healthy demand in 2023 as consumers looked to bridge their income gap through smart spending. The adoption of credit cards further increased during the year, primarily as responsibilities in the form of expenditure grew rapidly, which pushed cons ... Read More
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Debit Cards in India
Debit Cards in India A government-led financial inclusion initiative is enticing a burgeoning population to embrace the formal banking sector, which is acting in favour of further driving debit card penetration. The government’s financial inclusion initiative, also known as Pradhan Mantri Jan Dhan Y ... Read More
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Pre-Paid Cards in India
Pre-Paid Cards in India Pre-paid card transactions witnessed healthy double-digit growth in transaction volumes over 2021-2022. However, in 2023, the category witnessed a decline in volume of transactions as consumers became increasingly inclined to choose alternative products such as mobile payment ... Read More
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Charge Cards in India
Charge Cards in India Charge cards in India remained a niche category within financial cards and payments in 2023, largely due to higher eligibility criteria for issuance. Given the higher credit score and minimum salary requirement for a charge card in comparison to other financial card instruments ... Read More
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Financial Cards and Payments in India
Financial Cards and Payments in India A government-led financial inclusion initiative enticed a burgeoning population to embrace the formal banking sector, resulting in further uptake of financial cards, in particular, debit cards, in 2023. The Pradhan Mantri Jan Dhan Yojana (PMJDY) benefited in bri ... Read More
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Commercial Payments Overview
Commercial Payments Overview The global B2B payment market is gaining increasing attention from financial card and electronic direct payment platforms, as more consumer payment value has been converted away from paper. The USD32.7 trillion spent by merchants through paper payment channels globally i ... Read More
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Emerging Strong: Investment Opportunities in Southeast Asia
Emerging Strong: Investment Opportunities in Southeast Asia The Southeast Asian market has evolved to version 2.0, positioning ASEAN as a pivotal component in local and global investors' strategies. With a rising cost of capital amid tightening monetary policies, long-term structural shifts in demog ... Read More
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Consumer Credit in Austria
Consumer Credit in Austria Consumer credit has experienced a significant drop in all areas of gross lending in 2023. In light of the sharp increases in the cost of living since 2022, Austrians have generally been frugal with expenditure. Individuals are focused on meeting their immediate basic needs ... Read More
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Consumer Lending in Austria
Consumer Lending in Austria Loans became more expensive for consumers in 2023, as a result of the European Central Bank's interest rate policy, with rates rising in response to high inflation in the EU since the energy crisis broke out in 2022 and the war in Ukraine began. The European Central Bank’ ... Read More
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New Economic Reality: Navigating High Interest Rates
New Economic Reality: Navigating High Interest Rates Following a decade of low borrowing costs, businesses and consumers now face increasing financial pressure due to a surge in interest rates in 2023. High interest rates have far-reaching consequences on economies, businesses and households, impact ... Read More
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Credit Cards in Austria
Credit Cards in Austria Driven by a general shift from cash to card payments, which was accelerated by the outbreak of COVID-19, and the continuing travel recovery, credit card transactions saw strong growth in 2023; in both the number of transactions and transition value terms. These growth rates w ... Read More
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Debit Cards in Austria
Debit Cards in Austria Debit card transactions remained the main driver behind the shift from cash to card payments in 2023. Every bank account holder in Austria owns at least one debit card, which is heavily favoured for payments at the POS, with debit card consumers confident that there are no ext ... Read More
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Pre-Paid Cards in Austria
Pre-Paid Cards in Austria Closed loop pre-paid card transactions in Austria are essentially merchant-issued gift cards, and demand for these continued to increase in 2023. In a time of persistently high inflation with increased prices of essentials such as food and petrol, gift cards became popular, ... Read More
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Store Cards in Austria
Store Cards in Austria Store cards remained a niche in Austria in 2023, continuing a downward trend with a double-digit decline in transaction values despite the continuing shift to card payments. Most consumers in Austria are unfamiliar with store cards, and the usage of revolving credit in payment ... Read More
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Store Cards in the US
Store Cards in the US As in so many cases, perhaps the biggest story for store cards in the US in 2023 has been the twin forces of high inflation and high interest rates. While inflation has crept down over the course of 2023 in the US, the price increases that have resulted remain significant, and ... Read More
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Debit Cards in the US
Debit Cards in the US Fraud has hit debit cards hard in the US in recent years. Significant increases in card not present fraud have been recorded in the market in 2023, and are a legitimate concern for those in the financial industry. A significant threat to card usage has been the growth of card s ... Read More
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