Category: Financial Services
Financial Services market research reports by Euromonitor International
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Debit Cards in the US
Debit cards remain a critically important component of the landscape in financial cards and payments in the US. Not only are they the most common financial cards used for consumer payments in the US, with the highest transaction volumes in 2024, debit card is also the most important form of payment ... Read More
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Credit Cards in the US
2024 had barely rung in when Capital One made an enormous splash. Capital One, an enormous credit card issuer in the US, announced in February 2024 that it intended to purchase US credit card network and banking services provider Discover Financial Services. The domestic and international implicatio ... Read More
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Financial Cards and Payments in the US
2024 was yet another big year for financial cards and payments in the US. Two major stories dominate the overall big picture for the US at the opening of 2025 – the continued fight against inflation, and the new Trump Administration taking the reins. Inflation has been a long-standing concern for se ... Read More
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Charge Cards in the US
As in credit cards, perhaps the biggest story in the charge cards landscape in the US in 2024 was Capital One’s announcement in February that it was planning to purchase Discover Financial Services. Discover is one of the few truly international networks that plays at major scale, and an acquisition ... Read More
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Pre-Paid Cards in the US
Cryptocurrency continues to be linked closely to both open loop as well as closed loop pre-paid cards in the US. On the purchasing side, cryptocurrency is linked to purchasing of both open and closed loop gift cards. Various sites and functions exist which allow consumers who hold cryptocurrency to ... Read More
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Store Cards in the US
Competition remains one of the biggest concerns for store cards, both currently, and in the years ahead. Traditional credit cards continue to see growth in the US, and have progressively pushed further and further into what was traditionally store cards territory. This is especially true in the case ... Read More
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Store Cards in Denmark
In 2024, store cards in Denmark recorded further decline, continuing a long-term trend that sets the category apart from the overall card market. While the total number of cards in circulation, transaction volumes and values are all rising, store cards is following a different trajectory. All key in ... Read More
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Consumer Credit in the Czech Republic
Consumer credit in the Czech Republic saw current value growth in total gross lending slow in 2024, while growth in the overall outstanding balance was only marginally stronger than in 2023. This was mainly due to reduced demand in card lending, the single largest category in gross lending terms by ... Read More
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Pre-Paid Cards in Denmark
Pre-paid cards in Denmark posted a strong performance in 2024, with a record number of cards driving transaction volumes and values to new highs. This trend aligns with broader developments in the Danish payments landscape, which is characterised by a high level of digitalisation and one of the lowe ... Read More
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Debit Cards in Denmark
Denmark’s debit card market turned in a record-breaking performance in 2024. The total number of personal and commercial debit cards surpassed one million more than five years earlier, with the number of debit cards already exceeding the Danish population, reflecting the widespread adoption of this ... Read More
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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, with payments using them also being increasingly ... Read More
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Financial Cards and Payments in Denmark
Following a period of significant disruptions, 2024 emerged as the most stable year for financial cards and payments in Denmark in a long time. The review period was marked by major upheavals, including the COVID-19 pandemic, which temporarily altered spending and payment habits, followed by a rebou ... Read More
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Consumer Credit in Denmark
Consumer credit in Denmark in 2024 saw the continuation of trends already underway - in both gross lending and outstanding balance terms, consumer credit experienced faster growth than mortgages and housing loans. This reflects a continued preference among consumers for short-term borrowing, with co ... Read More
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Credit Cards in Denmark
The Danish credit card market enjoyed a strong year in 2024, with both transaction volumes and retail sales value continuing their strong growth trajectory. Credit card usage already surpassed pre-pandemic levels, with 2022 marking the point at which transactions volume and value exceeded 2019 figur ... Read More
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Debit Cards in the Czech Republic
While debit cards in the Czech Republic registered another positive performance in 2024, circulation numbers and volume and current value transactions grew at more modest rates than in 2023. This was mainly due to increasing maturity, though the slowdown also reflected growing competition from open ... Read More
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Consumer Credit in Spain
Buy Now, Pay Later (BNPL) services continue to expand in Spain in 2024. Indeed, a 2023 study by Forbes indicates that one-in-three Spanish consumers use BNPL as a payment option. For some years now, consumers and businesses alike have enjoyed the relatively regulation-free space of BNPL, however, in ... Read More
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Charge Cards in the Czech Republic
Charge cards remained a niche category in the Czech Republic in 2024, and saw volume and current value transactions shrink for a second consecutive year. Circulation numbers also contracted, which was in keeping with the negative trend observed throughout the review period. Stringent application cri ... Read More
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Pre-Paid Cards in the Czech Republic
The open loop category was the most dynamic performer within pre-paid cards in the Czech Republic in terms of growth in circulation numbers and current value transactions in 2024, and also saw volume transactions rise at a healthy pace. It remained a key beneficiary of the increasing willingness of ... Read More
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Financial Cards and Payments in the Czech Republic
Financial cards and payments in the Czech Republic posted healthy growth in total card circulation numbers and volume and current value transactions in 2024. These results reflected the well-established tendency of consumers and businesses in the country to reduce their use of cash in favour of card ... Read More
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Credit Cards in the Czech Republic
Credit cards in the Czech Republic saw growth in volume and current value transactions slow sharply in 2024. This was mainly explained by the normalisation of usage patterns, in that as inflationary pressures receded and the wider macroeconomic climate improved, households and companies became less ... Read More
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Credit Cards in Nigeria
Credit cards continued to record a steady increase in the volume of cards in circulation, mainly due to the relatively low penetration of such cards in Nigeria. Credit card transaction values saw strong growth as households battled against challenging economic conditions, with existing cardholders u ... Read More
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Financial Cards and Payments in Nigeria
As Nigeria slowly moves toward a cashless society, demand for financial cards and digital payment solutions continues to rise. The industry has benefited from government efforts to boost financial inclusion through initiatives like Afrigo, a domestic card scheme set to compete with other card operat ... Read More
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Transformative Trends in Commercial Payment Reconciliation
The commercial payment reconciliation market is evolving driven by payment firms, banks and business software vendors. Currently, the sector focuses on driving penetration of virtual products while leveraging ERP/accounting integration. Emerging technologies such as blockchain, AI will leapfrog deve ... Read More
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Pre-Paid Cards in Nigeria
The number of pre-paid cards continues to rise rapidly in Nigeria. More households are embracing these forms of payments which can enhance control over spending and help consumers avoid additional bank fees. Open loop pre-paid cards have benefitted from expansion in digital offerings which facilitat ... Read More
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Consumer Credit in Nigeria
Demand for formal consumer credit in Nigeria continues to be affected by low access to credit among households operating within the informal economy. Although the government lifted restrictions on foreign-denominated cards in 2023, the ongoing depreciation of the Naira dampened demand for foreign-de ... Read More
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