Category: Financial Services
Financial Services market research reports by Euromonitor International
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Debit Cards in Romania
Debit Cards in Romania New legislation makes it obligatory for all merchants in Romania to accept card payments and this includes debit cards. The law came into effect in June 2024 and is expected to drive growth in the number of debit card transactions over the upcoming forecast period. Consumers a ... Read More
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Pre-Paid Cards in Peru
Pre-Paid Cards in Peru Pre-paid cards maintained healthy growth in Peru 2024, in transactions, values, and numbers of cards in circulation. A. positive performance is being seen in both open loop and closed loop pre-paid cards, as each of these types of cards has seen significant development in the ... Read More
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Pre-Paid Cards in Hungary
Pre-Paid Cards in Hungary Pre-paid cards saw positive growth in Hungary in 2024, with major news in the category being the acquisition of Hellopay, a payment ecosystem, by OTP Mobil Kft, a subsidiary of OTP Bank that operates the Simple smartphone application and SimplePay payment solution. Hellopay ... Read More
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Consumer Credit in Sweden
Consumer Credit in Sweden Consumer credit in Sweden saw gross lending on cards increase at a stronger pace than mortgages/housing over 2024. Yet mortgages/housing growth remains much higher in terms of outstanding balances due to the prevalence of home buying in Sweden. Higher mortgage rates in the ... Read More
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Financial Cards and Payments in Peru
Financial Cards and Payments in Peru Financial cards and payments continued to grow in Peru in 2024, due to several factors. One of the most influential factors is the improvement of the Peruvian economy, which is helping to boost consumption in general, thanks to the growth in national production, ... Read More
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Debit Cards in Italy
Debit Cards in Italy While debit cards in Italy has performed positively in 2024, growth rates for volume and current value transactions are set to fall well below those recorded the previous year. Growth in the number of cards in circulation has also tapered off, albeit only marginally. This is par ... Read More
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Credit Cards in Italy
Credit Cards in Italy Credit cards in Italy has shown another solid performance in 2024, with healthy growth in volume and current value transactions projected for the entire year. Usage levels have been buoyed by a substantial reduction in inflation, in that the easing of cost-of-living pressures h ... Read More
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Financial Cards and Payments in Italy
Financial Cards and Payments in Italy Financial cards and payments in Italy has shown a solid performance in 2024, with total card circulation numbers and volume and current value transactions rising at healthy rates. Expansion continues to be underpinned by the increasing tendency of consumers and ... Read More
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Store Cards in Italy
Store Cards in Italy As occurred throughout the review period, store cards in Italy has seen circulation numbers and volume and current value transactions contract in 2024. The use of these instruments has been falling steadily for over a decade amidst growing consumer migration to other types of fi ... Read More
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Pre-Paid Cards in Italy
Pre-Paid Cards in Italy The open loop category has continued to dominate pre-paid cards in Italy in 2024, and is poised to register healthy growth in circulation numbers and volume and current value transactions for the entire year. It remains a key beneficiary of the shift away from cash in favour ... Read More
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Charge Cards in Italy
Charge Cards in Italy Charge cards in Italy has fared well in 2024, with volume and current value transactions rising at robust rates and growth in circulation numbers anticipated to be up slightly on 2023. With the recent spike in inflation having now largely subsided and other key macroeconomic in ... Read More
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Debit Cards in Portugal
Debit Cards in Portugal Debit cards in Portugal showed strong growth in 2024, despite already-high penetration, with the number of cards recording double-digit rises. Cross-selling strategies allied to the change in the national payments ecosystem have boosted the positive trend, as has the growing ... Read More
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Charge Cards in Portugal
Charge Cards in Portugal In 2024 the market size for charge cards in Portugal remained small, with issuers much more focused on credit cards. Only a few players offer charge cards to clients with these cards seen as secondary and complementary products to their main offering. In Portugal, charge car ... Read More
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Consumer Lending in Portugal
Consumer Lending in Portugal Consumer lending gross lending in Portugal recorded positive growth in 2024, mainly driven by the continuous rise in mortgages, and as families still relied upon personal credit to manage various expenses, even with high interest rates. In auto lending, second hand cars ... Read More
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Consumer Credit in Canada
Consumer Credit in Canada In 2024, consumer credit in Canada reached its highest rate of participation despite ongoing economic pressures, with the number of Canadians holding at least one credit product surpassing 31 million in 2024 - an all-time high, according to TransUnion. This increase has bee ... Read More
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Consumer Credit in Poland
Consumer Credit in Poland In 2024, consumer credit in Poland saw the value of consumer credit gross lending in 2024 impacted by rising household incomes and demand for financing the purchases with credit cards. Also influencing the category’s progress in 2024 were lower inflation rates than in 2023, ... Read More
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Consumer Lending in Norway
Consumer Lending in Norway Consumer lending witnessed another record year of growth in Norway over 2024. Following the challenging pandemic years and a period of high inflation due to the war in Ukraine, the economy is beginning to feel the positive effects of falling inflation. In 2024, both gross ... Read More
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Consumer Credit in Portugal
Consumer Credit in Portugal Consumer credit in Portugal benefitted from high inflation and the resultant reduction of households’ purchasing power in 2024. Local consumers have been changing their purchasing habits in recent years, increasingly opting for credit cards and Buy Now Pay Later (BNPL). A ... Read More
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Pre-Paid Cards in Portugal
Pre-Paid Cards in Portugal Pre-paid cards in Portugal saw both open loop and closed loop cards grow in 2024, benefitting from a positive economic environment. Inflation rates decreased in a trend set to persist into the early forecast period at least, meaning less pressure on prices and greater grow ... Read More
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Consumer Lending in the Netherlands
Consumer Lending in the Netherlands Consumer lending continued to suffer from downwards pressure in the Netherlands in 2024, due to ongoing regulations from the Netherlands Authority for the Financial Markets (AFM), along with national banks such as De Nederlandsche Bank (DNB), and other regulators. ... Read More
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Consumer Credit in Norway
Consumer Credit in Norway Card lending remains the largest type of consumer credit in Norway in gross lending terms. In 2024, card lending faces little competition in the consumer credit landscape with almost two-thirds of gross lending attributed to card lending in Norway. While card lending decrea ... Read More
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Consumer Lending in Poland
Consumer Lending in Poland Consumer lending in Poland saw solid growth in terms of consumer credit gross lending in 2024. While inflation was falling it remained above target, and the country’s economic growth was stimulated by consumption and public spending. Unemployment levels were low, and there ... Read More
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Financial Cards and Payments in Portugal
Financial Cards and Payments in Portugal Financial cards and payments continued to rise in Portugal in 2024 as cards and electronic payments continued taking ground from paper. The trend towards for cashless payment solutions has accelerated, largely due to contactless technology and the adoption of ... Read More
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Consumer Credit in the Netherlands
Consumer Credit in the Netherlands Non-card lending saw negative pressure in the Netherlands in 2024, due to the increased focus on responsible credit and the enforcement of credit rules. The Netherlands Authority for the Financial Markets (AFM) has identified consumer credit players who were not st ... Read More
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Credit Cards in Portugal
Credit Cards in Portugal Credit cards in Portugal benefitted from falling interesting rates and rising consumer confidence in 2024. Though inflation levels and interest rates remained relatively high, the slowdown of the Euribor interest rates bolstered consumer confidence. This was especially show ... Read More
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