Category: Financial Services
Financial Services market research reports by Euromonitor International
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Debit Cards in Brazil
Debit Cards in Brazil Debit cards, which for a long time was one of the main payment methods in Brazil, has faced a notable decline in its share of overall payments, due to the adoption and rise of Pix, the instant payment system launched by the Central Bank of Brazil (BCB) in 2020. Pix quickly conq ... Read More
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Pre-Paid Cards in Mexico
Pre-Paid Cards in Mexico In 2024, pre-paid cards in Mexico is set to experience a strong positive performance, largely thanks to government initiatives. Transportation pre-paid cards have in a presidential election year been a way to keep citizens in favour of a certain political party. Thus, in thi ... Read More
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Store Cards in Mexico
Store Cards in Mexico 2023 and 2024 have seen greater economic stability in Mexico, driven by low unemployment rates and a favourable exchange rate against the US dollar, which has represented an opportunity for department stores to capitalise on customers willing to spend more. An example is El Pal ... Read More
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Charge Cards in Brazil
Charge Cards in Brazil Charge cards faces challenges in Brazil, due to the consumer preference for traditional credit cards with revolving credit options. Despite the similarities between the two types of cards, the lack of revolving credit in charge cards limits their adoption. The Brazilian market ... Read More
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Charge Cards in Mexico
Charge Cards in Mexico Charge cards, predominantly represented by American Express, is set to maintain a favourable performance in Mexico in 2024, evident across both commercial and personal charge cards, due to a healthy economy. With low unemployment rates and an increase in the minimum wage, Mexi ... Read More
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Financial Cards and Payments in Brazil
Financial Cards and Payments in Brazil The complex macroeconomic scenario in Brazil up to the year of 1994 was marked by very intense inflationary pressure and frequent regulatory changes. These challenging conditions led local banks to implement agile and sophisticated measures to survive in an env ... Read More
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Financial Cards and Payments in Mexico
Financial Cards and Payments in Mexico During 2024, the economic outlook in Mexico has been impacted by inflationary and political factors, while the low unemployment rate, higher salaries, and the active performance of the banking sector have attracted a greater number of customers, moving towards ... Read More
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Pre-Paid Cards in Brazil
Pre-Paid Cards in Brazil The Worker Food Program (PAT) is a programme which encourages companies in Brazil to offer a list of benefits to employees in exchange for tax incentives, specifically a 4% deduction on their income tax. This programme was established in 1976, and underwent changes in 2022 a ... Read More
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Consumer Credit in Brazil
Consumer Credit in Brazil In the post-pandemic period, in response to high inflation rates, the Central Bank of Brazil (BCB) continued to raise the basic interest rate (Selic), reaching 13.75%. This was the highest rate since 2017. The objective was to curb demand and reduce pressure on prices, espe ... Read More
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Consumer Credit in Mexico
Consumer Credit in Mexico Consumer credit is anticipated to maintain its upward trajectory in 2024, with the expectation of solid value growth in both gross lending and the outstanding balance in a favourable macroeconomic environment. Mexico is a highly attractive country for the entry of fintech c ... Read More
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Consumer Credit in South Korea
Consumer Credit in South Korea In South Korea, there has been a significant rise in credit card loans and cash services, indicating a shift in borrowing habits amongst consumers. Typically, these loans are sought by individuals with low credit scores, as credit card companies tend to offer loans wit ... Read More
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Financial Cards and Payments in the United Arab Emirates
Financial Cards and Payments in the United Arab Emirates Financial cards and payments in the United Arab Emirates has undergone significant transformation in 2023 and 2024, characterised by the rise of digital payments, the emergence of new players, and a supportive regulatory environment. The Centr ... Read More
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Credit Cards in the United Arab Emirates
Credit Cards in the United Arab Emirates Credit cards in the United Arab Emirates remains a dynamic performer, especially in terms of value transactions, which continue to record double-digit growth in 2024. In the United Arab Emirates, economic growth is currently driven by capital investment, tech ... Read More
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Consumer Credit in the United Kingdom
Consumer Credit in the United Kingdom Consumer credit in the UK is performing well, with 5% growth for gross lending and 7% growth for outstanding balance in 2024. Both card and non-card lending are contributing to the rise in gross lending. This is due to consumers continuously applying for credit ... Read More
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Charge Cards in the United Arab Emirates
Charge Cards in the United Arab Emirates In 2024, charge cards in the United Arab Emirates remains a small category within financial cards and payments. The competitive landscape is highly consolidated, and includes the American Express Platinum Card, renowned for its elite status and exclusivity in ... Read More
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Consumer Credit in the United Arab Emirates
Consumer Credit in the United Arab Emirates Given the strong floods in the United Arab Emirates during 2023, the Central Bank of the UAE directed lending institutions and insurance providers to defer loan repayments for six months to assist residents and businesses impacted by historic floods. This ... Read More
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Financial Cards and Payments in South Korea
Financial Cards and Payments in South Korea South Korea is steadily moving towards a cashless society, and this shift is significantly changing the landscape of financial cards and payments. As technology advances and consumer behaviours evolve, 2024 has showcased how debit and credit card usage is ... Read More
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Pre-Paid Cards in South Korea
Pre-Paid Cards in South Korea In 2023, pre-paid cards in Korea saw a notable rise in volume and current value transactions, and this trend is expected to continue in 2024 and throughout the forecast period. Pre-paid cards, especially those offered by fintech companies, are gaining popularity as more ... Read More
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Debit Cards in South Korea
Debit Cards in South Korea In 2024, the number of debit cards in circulation in South Korea is set to continue to see a slight decline. One factor contributing to the decrease is a slight decline in the number of teenage users, who represent a substantial proportion of new debit card holders. In add ... Read More
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Debit Cards in the United Arab Emirates
Debit Cards in the United Arab Emirates Debit cards in the United Arab Emirates continues to record a strong performance in 2024, with a rise in the number of accounts, new cards in circulation, transaction growth and value transactions. The robust economy of the United Arab Emirates continues to at ... Read More
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Pre-Paid Cards in the United Arab Emirates
Pre-Paid Cards in the United Arab Emirates Pre-paid cards in the United Arab Emirates remains a highly dynamic category in financial cards and payments, recording double-digit growth in both transaction volume and value in 2024, along with a greater uptake of closed loop (mainly driven by transporta ... Read More
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Credit Cards in South Korea
Credit Cards in South Korea Credit card companies in South Korea have been cutting back on interest-free instalment services in response to prolonged high interest rates and concerns over declining profitability. Eight major credit card companies – Shinhan, Samsung, Hyundai, KB Kookmin, Lotte, Hana, ... Read More
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Store Cards in South Korea
Store Cards in South Korea Store cards, especially those from department stores, are designed to reward customer loyalty, offering exclusive benefits such as points, discounts, and special offers. Store cards is expected to remain the financial card type accounting for the smallest share of volume a ... Read More
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Financial Cards and Payments in the United Kingdom
Financial Cards and Payments in the United Kingdom As the UK economy stabilises in 2024, following inflation reaching the Bank of England's (BoE) objective of 2% by the end of May, confidence among local consumers has begun to improve. This has been a contributing factor to the ongoing expansion of ... Read More
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Debit Cards in the United Kingdom
Debit Cards in the United Kingdom Debit cards in the UK remains the most popular card payment method in 2024, with transaction volume growth of 5% and transaction value growth of 3%, to hold 75% value share of all card payment transactions in the local market. This increase is consistent with compan ... Read More
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