Category: Financial Services
Financial Services market research reports by Euromonitor International
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Consumer Credit in South Africa
Consumer Credit in South Africa With credit cards and store cards remaining the primary point of entry to the South African credit system, the flood of generation Z shoppers into the workforce has been driving demand for such lending. Demand for card lending has also benefited from improvements in o ... Read More
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Consumer Credit in Ukraine
Consumer Credit in Ukraine Ukraine’s consumer credit market in 2024 remained heavily influenced by the ongoing war, initiated by Russia in February 2022. Although the initial shock of the invasion has been absorbed and most people and businesses residing in areas controlled by the Ukrainian governme ... Read More
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Debit Cards in Greece
Debit Cards in Greece Debit cards continued to grow in Greece in 2024, in a context of an improving Greek economy and expanding card payments – which debit cards spearhead. After a long period of multiple global crises, relative stability and mild growth of the Greek economy is providing the context ... Read More
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Pre-Paid Cards in Greece
Pre-Paid Cards in Greece Pre-paid cards maintained a positive performance in Greece in 2024. Open-loop pre-paid cards remained fairly stable in terms of number of cards and saw volume and value of transactions increase in the year, following a similar trend with other card types in a context of stab ... Read More
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Pre-Paid Cards in Turkey
Pre-Paid Cards in Turkey Open-loop pre-paid cards have benefitted from the continued expansion of retail e-commerce in Turkey, which witnessed strong growth over the review period. Such cards are perceived to be a safe and secure means of shopping online as they are not linked to a bank account and ... Read More
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Pre-Paid Cards in Israel
Pre-Paid Cards in Israel Pre-paid cards in Israel saw growth curbed by reduced interest in travel among local consumers in 2024. Pre-paid cards have long been a popular choice for individuals travelling abroad due to their safety and convenience. However, the ongoing Israel-Hamas war, coupled with t ... Read More
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Charge Cards in Sweden
Charge Cards in Sweden Charge cards is a niche category in Sweden which is mainly comprised of commercial credit cards. The number of charge cards has been declining over the review period, with a notable contraction at the height of the pandemic. Whilst there was a strong rebound in charge card tra ... Read More
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Financial Cards and Payments in Sweden
Financial Cards and Payments in Sweden The year 2024 marks the end of a relatively turbulent period in Sweden’s financial cards and payments. The role of cash has become marginalised in a society where digitalisation has been spearheading changes in mobile payments for some time. Even though inflati ... Read More
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Financial Cards and Payments in Israel
Financial Cards and Payments in Israel Financial cards and payments in Israel saw a rise in local adoption of digital wallets in 2024. Digital wallets have rapidly gained traction, experiencing substantial growth since the introduction of Apple Pay and Google Pay in 2021. Many consumers now rely on ... Read More
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Consumer Credit in Greece
Consumer Credit in Greece Consumer credit gross lending maintained relatively stable growth in Greece in 2024, as the associated relative stability of the economy inspires stronger consumer spending confidence – despite ongoing cost-of-living crises. Digital loans in particular are driving growth, a ... Read More
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Credit Cards in Romania
Credit Cards in Romania The number of credit cards in Romania continues to grow but at a slower pace in 2024. Credit cards are facing growing competition from pre-paid cards and BNPL as well as a general lack of innovation. Nonetheless, transaction value growth remained relatively steady in 2024. Sl ... Read More
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Credit Cards in Peru
Credit Cards in Peru Credit cards face a decline in cards in circulation and number of accounts in Peru in 2024, while transaction values fare better with a positive performance. Ultimately, credit cards face ongoing competition from other payment methods, such as debit cards and pre-paid cards, bei ... Read More
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Debit Cards in Hungary
Debit Cards in Hungary Debit cards were impacted by rising banking fees in Hungary in 2024, prompting consumers to reevaluate their banking partner. Banks have been passing on their increased expenses to clients, directly impacting fees related to current accounts and debit cards. Many of these fees ... Read More
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Credit Cards in Hungary
Credit Cards in Hungary Credit card debt remained the most expensive forms of debt offered by financial institutions in Hungary in 2024. Under current regulations, the APR on credit cards can reach up to 39% percentage points above the prevailing base rate of the central bank. However, actual credit ... Read More
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Consumer Credit in Romania
Consumer Credit in Romania In 2024, positive signs of economic recovery reduced demand for consumer credit in Romania, translating into lower growth in card lending to cover everyday expenses. Romanian households enjoyed greater financial stability due to falling inflation although it remained above ... Read More
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Charge Cards in Hungary
Charge Cards in Hungary Charge cards remained niche in Hungary in 2024. Currently, only commercial charge cards are offered for top corporate managers and there are no indications to re-launch personal charge cards, as the last products were pulled from the market during 2012 and remain absent. The ... Read More
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Financial Cards and Payments in Romania
Financial Cards and Payments in Romania In Romania, the percentage of cash payments remains high with many employees receiving their wages in cash, which naturally reduces the use of financial cards. Nonetheless, cards have witnessed rapid growth in recent years with the share of card payments risin ... Read More
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Financial Cards and Payments in Hungary
Financial Cards and Payments in Hungary Financial cards and payments is seeing stable growth in the number of cards in circulation in Hungary in 2024. Indeed, the use of financial cards, both physical cards and their virtual counterparts, continues to grow, driven by a rich array of smartphone appli ... Read More
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Consumer Credit in Colombia
Consumer Credit in Colombia Consumer credit in Colombia recorded an improved performance in terms of current value growth in gross lending in 2024, while the outstanding balance also rose at a faster pace than in 2023. These results were underpinned by the Central Bank’s decision to steadily reduce ... Read More
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Consumer Credit in Peru
Consumer Credit in Peru Consumer credit continued to grow in Peru in 2024, albeit at moderate and lower levels than seen in the recent review period. This more moderate growth has been due to the improving economy in the country, thanks to greater GDP growth, inflation levels within the target range ... Read More
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Consumer Credit in Hungary
Consumer Credit in Hungary Consumer credit rebounded in Hungary in 2024, compared to 2023 which was a challenging year for consumers due to high inflation and increased borrowing costs, with interest rates peaking. However, 2024 brought more favourable conditions, including lower interest rates, red ... Read More
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Charge Cards in Romania
Charge Cards in Romania The charge card category in Romania is dominated by the commercial sector. Leading players have adopted a business-to-business marketing approach to maintain their positions. Banks are hesitant to invest in promoting and expanding the usage of charge cards due to other more p ... Read More
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Store Cards in Peru
Store Cards in Peru The use of store cards continued to decline sharply in Peru in 2024, as traditional store cards continue to be transformed into Visa or Mastercard credit cards. As a result, very few store cards are still working in some regional stores, being those which are still within their v ... Read More
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Pre-Paid Cards in Romania
Pre-Paid Cards in Romania Pre-paid cards experienced strong growth in 2024 as reflected by the surge in the volume of cards in circulation, the volume of transactions and overall expenditure. The strong performance is primarily attributed to the remarkable growth observed in open-loop cards, creatin ... Read More
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Debit Cards in Peru
Debit Cards in Peru The use of debit cards continued to grow in Peru in 2024, both in the number of transactions and in value, continuing the trend observed after the most critical stages of the COVID-19 pandemic. This growth has been higher than the growth observed for credit cards, with consumers ... Read More
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