Category: Financial Services
Financial Services market research reports by Euromonitor International
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Consumer Credit in Romania
Consumer Credit in Romania Consumer lending in 2023 is experiencing a slowdown due to the rapid rise in interest rates and the prevailing economic uncertainty. There is a notable increase in interest in quick loans from non-banking institutions and card lending. The surge in prices and declining dis ... Read More
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Debit Cards in Sweden
Debit Cards in Sweden Debit cards remain the most popular type of financial card in Sweden in 2023 in terms of the number of cards in circulation, and current value and volume transactions. The popularity of debit cards is attributable to the high share of digital payments, the declining importance ... Read More
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Pre-Paid Cards in France
Pre-Paid Cards in France The growth seen in pre-paid cards in 2023 is being supported by the popularity of closed loop pre-paid cards allocated for gifts. The number of such cards has increased in recent years, with the era of the pandemic seeing consumers allocate a part of their budgets (normally ... Read More
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Pre-Paid Cards in Chile
Pre-Paid Cards in Chile The Payment Means Law in Chile has been a driving force behind the remarkable growth of pre-paid card transactions in the country. These financial cards have gained significant traction towards the end of the review period, with both banks and non-bank issuers actively partic ... Read More
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Consumer Credit in Nigeria
Consumer Credit in Nigeria A new government inherited a sluggish economy, record debt and shrinking oil output, due to creaking infrastructure. On foot of this, the government has implemented some difficult decisions in order to stabilise the economy, including ending a decades-old petrol subsidy th ... Read More
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Credit Cards in Mexico
Credit Cards in Mexico The number of credit cards in circulation is set to witness remarkable double-digit growth in 2023, accompanied by even stronger surges in transaction volumes and values when compared with the previous year. These impressive performances not only underscore a double-digit grow ... Read More
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Store Cards in Argentina
Store Cards in Argentina In recent years, there has been a notable shift in consumer preference from store-specific cards to more versatile credit cards, allowing them to use a single card for all purchases. This shift has compelled store cards to transition into credit cards, with the majority bein ... Read More
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Debit Cards in France
Debit Cards in France The first news in debit cards is the ongoing growth of their number and transactions – despite the gloomy economic context. This is attributed to the following reasons. Euromonitor International's Debit Card Transactions in France report establishes the size and structure of th ... Read More
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Charge Cards in France
Charge Cards in France Charge cards in 2023 is benefitting from the revival of meetings, incentives, conferences, and exhibitions (MICE) and business tourism, which experienced a significant slump during the era of the pandemic, and which has taken some time to bounce back due to a period of hybrid ... Read More
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Consumer Credit in Taiwan
Consumer Credit in Taiwan The government's relaxation of control measures on digital banks has paved the way for a broadened range of financial services offered by pure digital banks. Although the impact on traditional banks and digital wallet operators remains relatively minor, the potential for gr ... Read More
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Credit Cards in Israel
Credit Cards in Israel In early 2023, the Israeli government is set to mandate Discount Bank to divest its credit card business, Visa Cal, aiming to enhance competition within the credit card market. This move will introduce a new player to the credit market, fostering a more diversified and competi ... Read More
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Debit Cards in Vietnam
Debit Cards in Vietnam Cashless payment trends are being boosted by both government and issuer initiatives in Vietnam, along with support from retailers in various industries and channels across the country. This, in turn, is helping to boost the performance of financial cards, with debit cards seei ... Read More
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Pre-Paid Cards in Mexico
Pre-Paid Cards in Mexico Pre-paid cards is a form of payment, whether in physical or digital format, that closely resembles conventional debit and credit cards. In 2023, pre-paid cards is set to experience a positive performance, largely thanks to the rise of e-commerce, and supported by the wide av ... Read More
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Charge Cards in Greece
Charge Cards in Greece During the COVID-19 pandemic of 2020-2021, commercial charge cards experienced a significant downturn in sales. The lockdowns, decline in tourism (a key driver of the Greek economy), general reduction in business activities, and restrictions on travel and dining – vital areas ... Read More
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Credit Cards in Denmark
Credit Cards in Denmark While the number of cards in circulation is expected to remain stable, with only a marginal increase, there is expected to be a double-digit increase in total transaction values. This is largely explained by inflation, particularly as the spend on credit cards is usually for ... Read More
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Consumer Lending in Norway
Consumer Lending in Norway The year 2023 was another prosperous year for consumer lending in Norway although growth was lower than previous years. The exceptionally high levels of consumer lending seen in 2021 and 2022 were boosted by the shift back to normal lifestyles post-pandemic, with credit so ... Read More
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Financial Cards and Payments in Poland
Financial Cards and Payments in Poland Financial cards and payments in Poland is undergoing substantial change with the continued increase in non-cash transactions in 2023. Card operators are focused on providing access to a variety of payment methods so that the consumer and merchant can choose the ... Read More
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Financial Cards and Payments in Nigeria
Financial Cards and Payments in Nigeria Nigeria continues to be a cash economy, though debit cards in particular are growing in popularity. Also, in 2023, this growth was further amplified, due to a cash shortage, as there was insufficient supply of the newly designed naira. As a result, in March, t ... Read More
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Financial Cards and Payments in Greece
Financial Cards and Payments in Greece The Greek financial card and payments market experienced robust growth in 2022, fuelled by post-pandemic recovery and the impact of inflation. This growth trend persists into 2023, albeit at a slower pace, attributed to the positive economic outlook and relativ ... Read More
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Consumer Lending in Turkey
Consumer Lending in Turkey In 2023, consumer lending has witnessed a surge in current value growth, despite soaring inflation rates that have caused substantial economic challenges for consumers. Unpredictable fluctuations in the cost of living and foreign exchange rates have made consumers more rel ... Read More
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Consumer Lending in Romania
Consumer Lending in Romania Consumer lending in Romania for the year 2023 portrays a nuanced landscape influenced by several key factors. The confluence of increasing interest rates, high inflation, and the geopolitical context shaped by the Russian invasion of Ukraine has collectively dampened Roma ... Read More
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Consumer Lending in Singapore
Consumer Lending in Singapore Consumer lending in Singapore is exhibiting positive growth in 2023, displaying a robust recovery from the pandemic's impact since 2022. Notably, card lending has emerged as a significant driver of growth in overall consumer lending, coinciding with the country's ongoin ... Read More
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Consumer Lending in Vietnam
Consumer Lending in Vietnam In 2023, the State Bank of Vietnam implemented measures to promote consumer lending for daily needs. To encourage banks to increase their lending activities, including consumer lending, the State Bank issued Circular No. 06/2023/TT-NHNN on 28 June 2023, amending and suppl ... Read More
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Financial Cards and Payments in Peru
Financial Cards and Payments in Peru Financial cards and payments have indeed witnessed substantial growth in 2023. However, this growth has seen a notable slowdown due to consumers adopting a more cautious approach to spending. Factors contributing to this caution include the sluggish economic grow ... Read More
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Financial Cards and Payments in Egypt
Financial Cards and Payments in Egypt Financial cards and payments in Egypt has seen a remarkable year in 2023, characterised by a notable shift from cash to card usage, larger transaction amounts, and a surge in new account openings. Government initiatives to boost financial inclusion and reduce ca ... Read More
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