Category: Financial Services
Financial Services market research reports by Euromonitor International
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Consumer Lending in Canada
Consumer Lending in Canada Consumer lending in Canada continued to grow in 2024 despite the challenge environment. Thanks to high inflation, interest rates were high level throughout the year, with the hope for rate cuts unrealistic until the later months of 2024 and into 2025. The country is suffer ... Read More
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American Express Co. in Payments and Lending (World)
American Express Co. in Payments and Lending (World) American Express is a leading global financial services provider and one of the world's largest card issuers and networks, renowned for its charge and commercial credit cards products. It is also one of the few global networks that also issues a g ... Read More
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Credit Cards in Egypt
Credit Cards in Egypt A key trend affecting credit cards in Egypt in 2024 centred on changing regulations around the use of such cards abroad. Whilst the Central Bank of Egypt (CBE) did issue restrictions on the use of Egyptian credit cards used abroad in in late 2023 and early 2024, the CBE then in ... Read More
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Store Cards in Canada
Store Cards in Canada 2024 saw store cards in Canada benefit from increased investment in innovation and flexible features. With inflation still high, consumers continued to seek to save money on shopping. Retailers and store cards issuers have adapted to clients’ demands by including appealing feat ... Read More
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Charge Cards in Canada
Charge Cards in Canada Charge cards in Canada faced challenges to growth in 2024. High prices of groceries, as well as gas and rent, most Canadians struggled to meet their monthly financial needs. Credit card outstanding balances soared, despite the efforts of the Bank of Canada to control inflation ... Read More
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Pre-Paid Cards in Canada
Pre-Paid Cards in Canada Pre-paid cards in Canada saw growth spurred by rising demand for financial inclusion and access to banking in 2024. These cards, whether, open or closed, are an easy way for consumers to make transactions and payments. With the continued trend of consumers moving away from c ... Read More
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Credit Cards in the Netherlands
Credit Cards in the Netherlands Credit cards face extinction due to the withdrawal of the ""Gespreid Betalen Faciliteit"" (Spread Payment Facility) in the Netherlands in 2024. The Dutch government and financial institutions have focussed on reducing fraud and enhancing consumer protection, leading t ... Read More
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Debit Cards in Norway
Debit Cards in Norway Debit cards continue to be the favourite payment method among Norwegians in 2024 with debit cards witnessing steady growth in current value terms. Above average inflation was partly responsible for the growth in transaction spend, which slowed compared to recent years. The numb ... Read More
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Store Cards in Norway
Store Cards in Norway Store cards remain a niche category in Norway, with transactions on these cards continuing to decline in 2024 as they lose appeal as a form of payment. While Norway is one of the most advanced societies in the world regarding card payments, the digitalisation trend has had litt ... Read More
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Credit Cards in Poland
Credit Cards in Poland The number of credit cards in Poland was diminishing in 2024. One reason for this trend was competition from deferred payments, which are gaining ground rapidly in Poland. Buy Now Pay Later (BNPL) services work on a similar principle to credit cards - they provide the user wit ... Read More
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Charge Cards in Norway
Charge Cards in Norway Charge cards is a niche category in the Norwegian financial cards and payments landscape where debit cards and credit cards dominate. Charge cards are considered less flexible than credit cards and issuers/operators, with less well-known brands compared to the leading banks, w ... Read More
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Consumer Lending in Egypt
Consumer Lending in Egypt Consumer lending in Egypt had a successful year in 2024, both for banks and consumers. The World Bank classifies Egypt as a lower middle-income country which has significant potential to leverage its existing manufacturing and services sectors and strategic geographical loc ... Read More
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Financial Cards and Payments in Canada
Financial Cards and Payments in Canada Financial cards and payments in Canada was impacted by moderated inflation rates in 2024, following raised interest rates immediately post-pandemic when inflation was high. Now, with the situation eased somewhat, the Bank of Canada has cut rates more than once ... Read More
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Consumer Credit in Egypt
Consumer Credit in Egypt Consumer credit was supported by ongoing efforts towards financial inclusion in Egypt in 2024. The Central Bank of Egypt announced notable growth in the financial inclusion rate in Egypt, stating that it is among the best out of peer countries. This allows for further growth ... Read More
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Credit Cards in Canada
Credit Cards in Canada Credit cards in Canada benefitted from 2024’s difficult economic environment, with persistent high inflation and interest rates, as purchasing power continued to deteriorate and Canadians increasingly relied on credit and credit cards to cover daily expenses. As a result, outs ... Read More
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Credit Cards in Norway
Credit Cards in Norway While credit cards benefit from similar strengths to debit cards, such as wide merchant acceptance, high level of digitalisation and strong brands, credit card usage is much lower. The number of credit cards in circulation is high, but there has been a downward trend for years ... Read More
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Debit Cards in Poland
Debit Cards in Poland Debit cards in Poland in 2024 benefitted from waning interest in cash payments, with both consumers and companies shifting more towards modern methods. Since 2022, businesses in Poland have been obliged to ensure that customers can pay onsite – mandatory regarding business prem ... Read More
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Financial Cards and Payments in the Netherlands
Financial Cards and Payments in the Netherlands Financial cards and payments were being affected by a shift towards digital and contactless payment methods in the Netherlands in 2024. In offline terms, this means a strong take-up of contactless card payments and digital wallets. Indeed, contactless ... Read More
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Charge Cards in Egypt
Charge Cards in Egypt Charge cards remained unpopular in Egypt in 2024. Indeed, prospects for charge cards remain unpromising in the country, with cards in circulation decreasing in both commercial and personal terms – although the decline is steeper in personal charge cards than seen in commercial ... Read More
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Debit Cards in the Netherlands
Debit Cards in the Netherlands There was a continued increase in the use of debit cards in the Netherlands in 2024, although cash also remains popular as a payment method in the country. However, we are also seeing a slowdown in the average transaction amount in debit card spending, in line with the ... Read More
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Pre-Paid Cards in the Netherlands
Pre-Paid Cards in the Netherlands A major factor impacting pre-paid cards in the Netherlands in 2024 came from the new OV Pay system in public transport. Euromonitor International's Pre-Paid Card Transactions in Netherlands report establishes the size and structure of the market for ATMs cards, smar ... Read More
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Pre-Paid Cards in Norway
Pre-Paid Cards in Norway Pre-paid cards continue to fill a niche in the Norwegian payment landscape in 2024. Pre-paid cards can act as a more contemporary or digitalized substitute for cash, which is popular among the unbanked population who have no access to mainstream cards, notably debit cards. G ... Read More
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Financial Cards and Payments in Poland
Financial Cards and Payments in Poland 2024 saw further changes for financial cards and payments in Poland. Consumers increasingly expect products and services that are tailored to their needs and allow for smooth and intuitive transactions. Companies demand the same – simpler, more efficient and in ... Read More
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Financial Cards and Payments in Norway
Financial Cards and Payments in Norway Financial cards and payments witnessed another robust year in 2024 as inflationary pressures cooled slightly in Norway. The number of cards and transactions has remained stable with only minor fluctuations in recent years. Current value growth witnessed a more ... Read More
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Debit Cards in Egypt
Debit Cards in Egypt Whilst debit cards remain popular for usage in Egypt, debit cards’ usage remained restricted to local transactions in 2024. As of October 2023, the Central Bank of Egypt (CBE) limited the use of debit cards in Egypt to the Egyptian Pound (EGP). This means that Egyptian debit car ... Read More
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