Category: Service Industries
Service Industries market research reports by Euromonitor International
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Credit Cards in Norway
Credit Cards in Norway While the number of credit cards in 2023 is well below the peak seen pre-pandemic in 2019, credit card transaction are witnessing record levels in 2023. Credit card transaction surged in 2022, fuelled by the return to offline retailers and a return to normal post-pandemic life ... Read More
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Store Cards in Norway
Store Cards in Norway While Norway is one of the most advanced societies in the world regarding card payments, the digitalisation trend has had little impact on store cards. As a result, store cards have become increasingly marginalised in Norway and represent less than 1% of all card payments in th ... Read More
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Charge Cards in Morocco
Charge Cards in Morocco The number of charge cards in circulation in Morocco is rising thanks mainly to population growth, urbanisation and the rising share of the banked population. The convenience of interest-free deferred payments - the core feature of charge cards - is a major incentive for loca ... Read More
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Charge Cards in Romania
Charge Cards in Romania Charge cards experience sluggish growth due to rising inflation and a low economic performance, leading companies to optimise expenditures by reducing spending limits. However, charge cards lack digital options that are flourishing in other card types, causing a stagnation in ... Read More
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Store Cards in Canada
Store Cards in Canada Store cards is recording only low growth in Canada in 2023, for several reasons. A glaring limitation lies in store cards’ narrowed reward horizons, compounded by a restricted usability across disparate retail chains. This inherent constriction has manifested in unimpressive gr ... Read More
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Credit Cards in Egypt
Credit Cards in Egypt Amidst the ongoing economic challenges in Egypt, ranging from currency devaluation to inflation and restricted overseas transactions, credit cards have gained substantial traction. The reliance on credit cards is expected to surge further in the coming period, largely fuelled b ... Read More
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Credit Cards in Vietnam
Credit Cards in Vietnam Credit cards are also benefitting from the ongoing government and finance industry efforts to promote a cashless payment society. As such, we are seeing a robust performance in credit cards in 2023, thanks to a growing awareness among consumers about the advantages of credit ... Read More
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Credit Cards in Turkey
Credit Cards in Turkey Credit card transactions continue to exhibit triple-digit current value growth in 2023, aligning with the extremely high inflation rate in Turkey. The rising number of credit cards and transactions is primarily driven by the influx of new consumers entering the banking system ... Read More
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Store Cards in Mexico
Store Cards in Mexico Store cards demonstrated sustained growth in transaction values even during the pandemic. According to the 2018 National Financial Inclusion Survey (ENIF) conducted by the National Banking and Securities Commission (CNBV), 61.5% (15.1 million) of people aged 18 to 70 mentioned ... Read More
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Credit Cards in Poland
Credit Cards in Poland The number of personal credit cards in circulation has been falling over the review period. Due to the high interest rates on credit cards, some consumers are paying off balances and closing credit card accounts. This trend can also be linked to the growing popularity of Buy N ... Read More
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Consumer Lending in Canada
Consumer Lending in Canada Canada's credit landscape in 2023 is showing rises in lending, with more Canadians gaining access to lending products via traditional financial institutions and private lenders. At the same time, as the cost of living bears down on Canadians, thanks to inflation and steepe ... Read More
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Debit Cards in Romania
Debit Cards in Romania Online payments have seen a significant surge in popularity, continuing through 2023, with an increasing number of e-commerce transactions being finalised through online payment methods. Electronic direct transfers and ACH (Automated Clearing House) transactions continue to gr ... Read More
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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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