Category: Financial Services
Financial Services market research reports by Euromonitor International
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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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Debit Cards in Nigeria
Debit card transactions began to normalise in 2024, both in volume and value terms, following the strong growth recorded during Nigeria’s monetary crisis in 2022-23. Robust demand can also be linked to the ongoing shift towards mobile transactions and digital payment solutions, thanks to higher smar ... Read More
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Charge Cards in Greece
Charge Cards in Greece Charge cards affected by the discontinuation of personal charge cards in Greece in 2024. However, this came as no surprise, after a long period of decline. With the agreement between the major systemic bank Alpha Bank (the sole issuer) and Diners Club (the sole operator) endin ... Read More
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Debit Cards in Sweden
Debit Cards in Sweden Debit cards remain the Swedish consumers’ favourite payment method in 2024, representing nearly three-quarters of card payment transactions. By comparison, the share of cash is exceptionally low in Sweden. The volume of debit card transactions rose steadily in 2024 due to the e ... Read More
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Pre-Paid Cards in Sweden
Pre-Paid Cards in Sweden Pre-paid cards have a wide variety of uses in Sweden. The category consists of open and closed loop cards with vastly different types of usage within them. Despite such diversity, open-loop cards were the star performer in 2024, whilst closed loop pre-paid cards have been st ... Read More
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Store Cards in Sweden
Store Cards in Sweden Store cards faced weak results in Sweden over the review period and this downward trend continued in 2024. Store cards have seen a decline in the number of cards, volume of transactions and cards expenditure for several years. Even inflation, which generally boosts card transac ... Read More
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Debit Cards in Israel
Debit Cards in Israel In 2024, debit cards in Israel recorded positive growth amid economic uncertainty. Local consumers have been shifting towards debit cards over the review period. While credit cards have gained traction in recent years, the high interest rates associated with their use, combined ... Read More
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Consumer Credit in Turkey
Consumer Credit in Turkey Consumer credit registered modest growth in gross lending and outstanding balances over the review period, as ongoing economic uncertainty led many consumers to retain a conservative approach towards borrowing. In 2024, there was a notable slowdown in gross lending as inter ... Read More
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Debit Cards in Colombia
Debit Cards in Colombia Debit cards in Colombia posted improved results in terms of growth in volume transactions and card circulation numbers in 2024, while current value transactions returned to positive territory after having declined in 2023. This performance was underpinned by the sustained eas ... Read More
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Credit Cards in Sweden
Credit Cards in Sweden Credit cards in Sweden faced an upbeat performance in terms of transaction growth during 2024. Credit card use picked up over the year with transactions rising well above pre-pandemic levels, reflecting higher usage among existing customers. With inflation falling over 2024, t ... Read More
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Debit Cards in Turkey
Debit Cards in Turkey In 2024, debit cards in Turkey maintained on an upward trajectory building on the momentum gained in previous years. The waning impact of the pandemic has accelerated the transition from cash to digital payments and particularly debit cards. The widespread availability of conta ... Read More
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Credit Cards in Ukraine
Credit Cards in Ukraine In 2024, Ukraine’s credit card market continued to evolve amid ongoing economic challenges and the war. A gradual decline in interest rates played a pivotal role in supporting this recovery. The growing adoption of contactless payments, propelled by the expansion of supportin ... Read More
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Credit Cards in Turkey
Credit Cards in Turkey The rising number of credit cards and transactions in Turkey is primarily driven by the influx of new consumers entering the banking system and obtaining credit cards as they transition into the job market after graduation. There is also a strong correlation between inflation ... Read More
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Financial Cards and Payments in Greece
Financial Cards and Payments in Greece In the context of a stable and growing economy (after various crises), card payments continued to grow in Greece in 2024, driven by debit cards which are, by far, the dominant card type. Greece, a traditionally cash-oriented economy, has been quick to adopt car ... Read More
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Financial Cards and Payments in Turkey
Financial Cards and Payments in Turkey Financial card and payment transactions in Turkey continued to witness steady growth in 2024. Card spending strengthened as consumers switched away from cash amid greater dependability on credit cards due to rising living costs. High inflation, economic uncerta ... Read More
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Financial Cards and Payments in Colombia
Financial Cards and Payments in Colombia Financial cards and payments in Colombia performed well in 2024, with rates of growth in volume and current value transactions surpassing those recorded in 2023 and the total number of cards in circulation increasing at a solid pace. These results were partly ... Read More
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Financial Cards and Payments in Ukraine
Financial Cards and Payments in Ukraine In 2024, the development of Ukraine’s financial cards and payments market continued to be heavily influenced by Russia’s ongoing war against Ukraine. Despite the challenging circumstances, including widespread attacks on cities and frequent power outages disru ... Read More
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Credit Cards in Greece
Credit Cards in Greece Credit cards recorded a promising performance in Greece in 2024, thanks to relative stability and the start of economic growth in the country. This relates to transaction values and volumes and the number of cards in circulation. However, as seen in debit cards, an increase in ... Read More
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Credit Cards in Colombia
Credit Cards in Colombia While credit cards in Colombia showed a modestly improved result in terms of growth in current value transactions in 2024, the rate at which volume transactions rose fell well below that registered in 2023. Despite a series of interest rate cuts and an uptick in economic act ... Read More
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Pre-Paid Cards in Colombia
Pre-Paid Cards in Colombia While pre-paid cards in Colombia saw transactions grow at robust rates in volume and current value terms in 2024, total circulation numbers remained static. The latter result was mainly attributable to the diminishing appeal of open loop pre-paid cards, which are increasin ... Read More
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Store Cards in Colombia
Store Cards in Colombia Store cards in Colombia posted another contraction in volume transactions in 2024, maintaining the negative trend witnessed throughout the review period. Growth in circulation numbers meanwhile was modest and well down on that recorded in 2023. Usage levels continued to be de ... Read More
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Debit Cards in Ukraine
Debit Cards in Ukraine Debit cards remained the dominant form of payment in Ukraine in 2024, particularly as consumers continued to increasingly shift away from cash. Virtually all newly issued debit cards in Ukraine now feature contactless functionality, and the majority of point-of-sale (POS) term ... Read More
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Pre-Paid Cards in Ukraine
Pre-Paid Cards in Ukraine With pre-paid cards, open loop cards remained unavailable in Ukraine in 2024, having disappeared from the local market in 2023 following years of minimal demand. The decline stems from their limited advantages compared to debit cards, which offer comprehensive features such ... Read More
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Consumer Credit in Israel
Consumer Credit in Israel Israel’s consumer credit market saw rising demand for home lending in 2024. Loans secured with a lien on a savings account are typically more attractive to consumers due to their lower interest rates compared to other types of loans. However, the segment saw a decline mid-r ... Read More
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