Category: Financial Services
Financial Services market research reports by Euromonitor International
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Financial Cards and Payments in Italy
Financial Cards and Payments in Italy Financial cards and payments performed well in Italy in 2023, both in terms of the number of cards in circulation and the value of transactions. Growth was underpinned by the growing trend towards cashless payments, even for smaller amounts, thanks to the develo ... Read More
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Debit Cards in Thailand
Debit Cards in Thailand The adoption of digital payments in Thailand is growing, backed by the central bank policy to shift towards a less cash-reliant society which is free of charge transactions. The banking industry has launched cardless withdrawals to bring greater convenience to customers. Paym ... Read More
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Charge Cards in Saudi Arabia
Charge Cards in Saudi Arabia Charge cards follow a typical pattern in Saudi Arabia, where such cards have a set consumer base consisting of, mainly, affluent Saudi citizens who use these cards while travelling. Therefore, the rebound of travel and tourism following the pandemic restrictions is benef ... Read More
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Consumer Credit in Greece
Consumer Credit in Greece In 2023, gross lending in the primary category of other personal lending is experiencing a slowdown in growth due to inflation and reduced disposable incomes. Rising prices, coupled with stagnant salaries, have instilled a sense of insecurity in consumers, making them hesit ... Read More
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Charge Cards in Malaysia
Charge Cards in Malaysia Charge cards continue to struggle to appeal widely, and consumer demand is set to remain relatively low at the end of the review period. This situation is confirmed by the limited supply of charge cards from banking institutions in Malaysia. Indeed, many banks have dropped t ... Read More
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Credit Cards in the Philippines
Credit Cards in the Philippines According to the Credit Card Association of the Philippines (CCAP), the Q1 2023 growth rate in credit cards, the highest since the outbreak of the Coronavirus (COVID-19) pandemic in 2020, reflects local consumers’ resurgence in terms of shopping, travelling and purcha ... Read More
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Debit Cards in Malaysia
Debit Cards in Malaysia Wider acceptance is boosting the use of personal debit cards in Malaysia. The rising popularity of personal debit cards underpins the growth in the number of cards and volume and value transactions. The increased numbers of POS terminals is widening the acceptance of debit ca ... Read More
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Credit Cards in Italy
Credit Cards in Italy Despite a decline in the number of cards in circulation, credit cards in Italy registered dynamic growth in terms of both number of transactions and transaction value in 2023, continuing the trend of the previous year. This was driven by the growing popularity of cashless trans ... Read More
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Pre-Paid Cards in Malaysia
Pre-Paid Cards in Malaysia Despite increased competition from other payment methods, pre-paid cards retains the potential for growth as Malaysia continues to shift towards a cashless society. With the use of cash in long-term decline, a trend accelerated by the Coronavirus (COVID-19) pandemic, many ... Read More
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Financial Cards and Payments in the Philippines
Financial Cards and Payments in the Philippines While the initial surge in spending and reopening of the economy, with the easing of the threat of Coronavirus (COVID-19) and lifting of related restrictions, has started to stabilise, the Philippines continues to experience robust growth in both volum ... Read More
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Debit Cards in Italy
Debit Cards in Italy The enduring consumer preference for debit cards over credit cards continued throughout 2023, with the former accounting for the more than 10 times the value of the latter in terms of transactions. Such cards are easy to obtain in Italy, as well as having low associated costs. F ... Read More
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Pre-Paid Cards in Saudi Arabia
Pre-Paid Cards in Saudi Arabia Pre-paid cards are benefitting from the Kingdom’s move towards a cashless society – especially so in certain areas. For example, as seen with the uptake of pre-paid cards for the payment of workers’ salaries, notably so for domestic workers. In this case, the Kingdom h ... Read More
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Store Cards in Italy
Store Cards in Italy Store cards continued to register a negative performance in 2023, in terms of both the number of cards in circulation and the value of transactions, continuing the trend established during the review period. This was due to strong competition from other financial card types and ... Read More
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Consumer Lending in Greece
Consumer Lending in Greece The growth of gross lending in consumer lending for 2023 is moderate and slower than what was anticipated a year ago. Factors such as surging inflation, an escalating energy crisis exacerbated by the Russian invasion of Ukraine (with its effects fully realised in 2023), an ... Read More
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Charge Cards in Italy
Charge Cards in Italy Charge cards continued to register a healthy performance in 2023, with a rise in the number and value of transactions. This was linked to the growing popularity of cashless transactions, as consumers become increasing confident about making digital payments over cash. The retur ... Read More
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Credit Cards in Thailand
Credit Cards in Thailand Thai consumers have been spending more on credit cards in 2023 in line with an increase in the consumer confidence index and a marked improvement in the Thai economy. Expenditure on various products and services, including shopping, restaurants, tourism, travel, and petrol h ... Read More
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Credit Cards in Saudi Arabia
Credit Cards in Saudi Arabia Credit cards are not as popular as debit cards in the Kingdom of Saudi Arabia, however, the category still shows a fair performance. One main issue which credit cards face in the KSA is a question mark around their compliance with Sharia Law. Essentially, with regards to ... 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. in 2023, debit and credit cards combined accounted for 95% of card payment transactions with little room for charge cards solutions. Charge car ... Read More
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Credit Cards in France
Credit Cards in France Consumer credit is facing a number of challenges in France, to the extent the French Association of Financial Companies is reported to have called credit in 2023 a “serious cold snap”. As such, credit difficulties also affect the performance of credit cards. Euromonitor Intern ... Read More
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Charge Cards in Indonesia
Charge Cards in Indonesia In 2023, the charge cards category has experienced positive growth, both in terms of volume and value transactions. Similarly to the previous year, growth has largely been driven by the revival of normal social and economic activity in the wake of the COVID-19 crisis, with ... Read More
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Consumer Credit in Mexico
Consumer Credit in Mexico Consumer credit is set to show continued consistent robust growth in gross lending in 2023, driven by improving employment and business performance, and wages that continue to recover in the wake of the pandemic. However, growth will encounter limitations, due to the constr ... Read More
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Pre-Paid Cards in Hungary
Pre-Paid Cards in Hungary In January 2023, the previously separate pockets - accommodation, hospitality and leisure - were consolidated; therefore, the charges associated with these sectors are now aggregated and considered together. Also, in order to expedite the use of remaining funds, two additio ... Read More
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Credit Cards in Indonesia
Credit Cards in Indonesia In 2023, the credit cards category is again showing positive growth in all terms, cards circulation as well as volume and value transactions, as it did in the previous year. Credit card spending has recovered across categories. Holidays and the end of the year are the main ... Read More
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Credit Cards in Colombia
Credit Cards in Colombia In 2023, the issuance of credit cards is expected to remain almost flat, with no significant increase. Growth rates for the number and value of transactions are also expected to decelerate compared to the previous year. The value of transactions, particularly for personal cr ... Read More
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Credit Cards in Nigeria
Credit Cards in Nigeria Most banks perceive credit cards as high risk due to experiencing frequent default rates in the past. As such, credit cards continue to be relatively scarce in Nigeria, with mainly high net-worth individuals owning credit cards. Also, due to the instability of the naira, many ... Read More
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