Category: Service Industries
Service Industries market research reports by Euromonitor International
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Credit Cards in Germany
The European Central Bank's (ECB) recent interest rate hikes, aimed at combating inflation, impacted consumer spending and credit card usage in Germany in 2024, which slowed compared to the previous year. However, as it succeeded in easing inflation, the Governing Council of the ECB decided to cut t ... Read More
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Pre-Paid Cards in Germany
In 2024, pre-paid cards in Germany continued to experience a significant shift towards digital integration, with this financial card type increasingly being offered as a virtual option, accessible through mobile payment applications. This trend reflects a broader movement towards digital payments an ... Read More
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Financial Cards and Payments in Germany
The German payment landscape is undergoing a significant transformation driven by the increasing popularity of digital payment methods, shifting consumer preferences, and the emergence of new technologies. While cash remained prevalent in bricks-and-mortar stores in 2024, especially for smaller tran ... Read More
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Debit Cards in Germany
Debit cards remained a significant force in Germany's financial landscape in 2024, despite this card type’s dominance being challenged by the rise of digital wallets and contactless payment methods. While debit cards still enjoys widespread use, and accounts for a significant share of store-based re ... Read More
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Store Cards in Germany
Retailers such as chained pet care specialist Futterhaus recognise the decline in popularity of traditional store cards in Germany, and are embracing digital alternatives to reconnect with customers. This shift reflects a broader trend towards greater portability and accessibility, with consumers in ... Read More
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Charge Cards in Germany
Despite a decline in the number of issued cards in 2024, value sales and transaction volumes of charge cards in Germany continued to increase, with the category remaining a significant part of Germany’s payment landscape, particularly for higher-value transactions. The further rise in transactions i ... Read More
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Consumer Credit in Germany
Borrowing in Germany was slow in 2024 due to persistently high interest rates, as a direct result of the European Central Bank's (ECB) monetary tightening policies. The ECB's strategy to control inflation led to increased borrowing costs, thereby having a considerable effect on both consumer and bus ... Read More
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Navigating New Trade Landscape: The Impact of US Trade Tariffs on Key Industries
Changes in the US trade policy impact a broad range of trade partners and goods and adds more uncertainty to the global economy. US importers have limited trade diversification potential, with higher trade tariffs leading to higher inflationary pressures. Retaliatory tariffs would also hurt US expor ... Read More
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Pre-Paid Cards in South Africa
Despite recording a positive performance in 2024, pre-paid cards in South Africa has been experiencing significant challenges. South African Post Office (SAPO) continued to struggle to meet the South African Social Security Agency (SASSA) expectations as delayed payments and ongoing issues within it ... Read More
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Store Cards in South Africa
In 2024, the demand for store cards in South Africa continued to rise as local consumers’ disposable income weakened due to the higher cost of living. However, such demand increasingly faced lower approval rates due to retailers adopting a more restrictive credit policy to reduce exposure to bad deb ... Read More
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Financial Cards and Payments in Western Europe
Paper payments were losing share to card and electronic direct/ACH transactions over the review period, which is expected to continue in the coming years, as the digitalisation of the industry continues to develop at a fast pace. This is also seeing m-commerce outperforming the overall market, with ... Read More
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Financial Cards and Payments in South Africa
Despite a steady increase in real GDP growth in 2024, South African households still faced financial challenges. This struggle was highlighted by persistently high unemployment rates, which remained above 30%, forcing over 20% of households to rely on social grants. The challenges were exacerbated b ... Read More
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Credit Cards in South Africa
In 2024, credit cards in South Africa continued to perform positively across all indicators. An increasing number of South African households have started relying on credit cards to meet month-end commitments, a scenario exacerbated by rising electricity and fuel prices having an accumulative effect ... Read More
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Charge Cards in South Africa
As local households grappled with challenging market conditions in 2024, the transaction value of charge cards in South Africa struggled to return to pre-pandemic levels. This situation was exacerbated by the national prime rate remaining above 11%, despite two consecutive cuts of 25 basis points in ... Read More
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Debit Cards in South Africa
Debit cards in South Africa continued to record strong growth in 2024, supported by intensified government efforts to boost local financial inclusion beyond access to social security benefits offered by SASSA cards. Demand for debit cards has also benefited from infrastructure developments, supporte ... Read More
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Credit Cards in Morocco
Morocco is a country heavily reliant on cash, and those consumers who do want a financial card historically favour debit cards to any other type of financial cards. Credit cards therefore remains significantly underpenetrated, partly due to limited consumer awareness, but also continues to suffer fr ... Read More
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Financial Cards and Payments in Morocco
Consumer lending in Morocco is expected to maintain growth in both gross lending and the outstanding balance in 2024. Increases are anticipated for all types of lending, although card lending and durables lending are set to see the strongest increases. Key players seeking to remain relevant have bee ... Read More
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Debit Cards in Morocco
Debit cards in Morocco is set to see growth in both cards in circulation and transaction volumes and values in 2024, and remain the most popular card type in Morocco, thanks to the safety and reliability of paying with existing money, rather than borrowed funds. This card type also continues to bene ... Read More
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Pre-Paid Cards in Morocco
Although pre-paid cards is expected to see static current value transactions in 2024, it is expected to see a decline in the number of cards in circulation, and a decline in volume transactions, as consumers increasingly prefer debit card offerings, and their greater flexibility in transactions. The ... Read More
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Consumer Credit in Morocco
Consumer credit gross lending and the outstanding balance are set to continue to rise in Morocco in 2024. However, household credit continues to show significant disparities, with a positive correlation between income levels and debt rates in Morocco. The latest report from Bank Al-Maghrib reflects ... Read More
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Wholesale in Mexico: ISIC 51
PPI Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Wholesale: ISIC 51 market at a national level. It provides the latest retail sales data, allowing you to identify the se ... Read More
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Insurance and Pension Funding in Mexico: ISIC 66
PPI Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Insurance and Pension Funding: ISIC 66 market at a national level. It provides the latest retail sales data, allowing yo ... Read More
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Research and Development in Mexico: ISIC 73
PPI Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Research and Development: ISIC 73 market at a national level. It provides the latest retail sales data, allowing you to ... Read More
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Social Work Services in Mexico: ISIC 853
PPI Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Social Work Services: ISIC 853 market at a national level. It provides the latest retail sales data, allowing you to ide ... Read More
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Accounting and Auditing in Mexico: ISIC 7412
PPI Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Accounting and Auditing: ISIC 7412 market at a national level. It provides the latest retail sales data, allowing you to ... Read More
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