Category: Service Industries
Service Industries market research reports by Euromonitor International
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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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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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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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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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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 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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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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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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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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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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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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Credit Cards in the United Kingdom
Credit Cards in the United Kingdom Personal credit cards in the UK has witnessed considerable activity, with an increasing number of consumers turning to credit to fund goods and services during the cost-of-living crisis. The growth of credit card transactions post-pandemic has been driven by delaye ... 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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Pre-Paid Cards in the United Kingdom
Pre-Paid Cards in the United Kingdom In 2024, open loop pre-paid cards in the UK continues to record a positive performance, with a 1% increase in the number of cards in circulation and a 3% increase in the value of transactions. The perception among local consumers that pre-paid cards are safer to ... Read More
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Store Cards in the United Kingdom
Store Cards in the United Kingdom In 2024, store cards in the UK remains the smallest financial card category and the weakest performer, with a 15% decline in the number of cards in circulation, and 10% and 12% declines in volume and value transactions, respectively. Due to the limited usage of stor ... Read More
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Charge Cards in the United Kingdom
Charge Cards in the United Kingdom Charge card usage in the UK increased in volume and value terms in 2022 and 2023 as a result of consumers turning to different credit options to navigate the cost-of-living crisis. However, as the economy has stabilised, with inflation falling to 2% in May 2024, ch ... Read More
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Store Cards in Japan
Store Cards in Japan In Japan, store cards are commonly known as Gaisho cards. Gaisho represents a unique business model, predominantly seen in department stores, akin to direct selling. Gaisho staff are seasoned professionals with exceptional skills and experience who regularly visit customers’ hom ... Read More
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Debit Cards in Japan
Debit Cards in Japan Debit cards in Japan comprises two main types of card: J-Debit and Branded Debit. J-Debit is a service that allows a financial institution’s cash cards (ATM cards) to be used as debit cards. Notable features of J-Debit include no annual fees, and the lack of a card number, unlik ... Read More
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Consumer Credit in Australia
Consumer Credit in Australia Gross lending of consumer credit in Australia, which does not include mortgages/housing, is growing in 2024, albeit more slowly compared to the 5% increase recorded the previous year. Gross lending is growing across most categories, apart from card lending. In particular ... Read More
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Financial Cards and Payments in Japan
Financial Cards and Payments in Japan The broader trend in financial cards and payments in Japan shows a decline in cash usage and a rise in usage of financial cards, with no signs of reversal. In terms of financial cards, both debit cards, which minimise worries of overspending, and credit cards, w ... Read More
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Pre-Paid Cards in Japan
Pre-Paid Cards in Japan East Japan Railway Company (JR East), being at the core of the nationwide transportation IC card, as a pioneer in this space, is expected to remain the top player in terms of pre-paid card transaction value by issuer and operator in Japan in 2024. The company is making moves ... Read More
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Consumer Credit in Japan
Consumer Credit in Japan Buy Now Pay Later (BNPL) services, which are unregulated in Japan, are quickly gaining popularity due to their convenience, flexibility, and the absence of credit checks. These benefits especially appeal to the country’s younger generation, who often do not have credit cards ... Read More
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