Category: Service Industries
Service Industries market research reports by Euromonitor International
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Store Cards in Morocco
Store Cards in Morocco The popularity of store cards was already in decline during the review period. Among the main reasons for this is that many local consumers struggle to see the advantages that these cards offer or, alternatively, they understand the advantages but do not believe that these are ... Read More
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Pre-Paid Cards in Romania
Pre-Paid Cards in Romania Pre-paid cards are experiencing significant growth in 2023, encompassing a surge in the number of cards in circulation, the volume of transactions, and their overall value. This surge is primarily attributed to the remarkable growth potential observed in open-loop cards, cr ... Read More
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Credit Cards in Peru
Credit Cards in Peru The landscape of credit cards in 2023 exhibits a dynamic where growth, while still apparent, has tapered in comparison to preceding years. This slowdown is a result of heightened prudence exercised by users, stemming from their concern over the stagnant economic growth. The evol ... Read More
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Charge Cards in Mexico
Charge Cards in Mexico Charge cards, which is predominantly represented by American Express, is expected to experience a remarkable resurgence in 2023. In this year charge cards is expected to rebound to around the pre-pandemic levels of usage and card issuance. This rising trend is evident across b ... Read More
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Pre-Paid Cards in Sweden
Pre-Paid Cards in Sweden Pre-paid cards remain relatively strong in terms of the number of cards, but hold a very marginal share of all card payment transactions in 2023. Bank account penetration is almost universal in Sweden, with the result that pre-paid cards are typically used for less usual pay ... Read More
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Debit Cards in Canada
Debit Cards in Canada Canada's labour force shortage has placed mounting pressure on smaller businesses. Traditional checkouts are giving way to efficiency as s retailers scramble to optimise checkout speeds, and there is a growing trend of merchants leaning into contactless debit transactions. As w ... Read More
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Pre-Paid Cards in Morocco
Pre-Paid Cards in Morocco There are no open-loop pre-paid cards in Morocco, and the number of closed-loop pre-paid cards (and the value of transactions made using them) was in decline even before the onset of the pandemic. The increased use of debit cards was the main driver of this fall. In the pas ... Read More
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Store Cards in Turkey
Store Cards in Turkey There were no store cards with “pay later” options available in Turkey at the end of the review period. All cards issued by retailers are closed loop pre-paid cards that enable payment in specific retail outlets. Over the forecast period, prospects for store cards remain weak a ... Read More
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Consumer Credit in Poland
Consumer Credit in Poland In the face of economic slowdown, there has been a clear decline in private consumption in Poland. Banks have tightened lending criteria for all types of loans to protect their business revenues. At the start of 2023, the criteria for granting consumer credit remained tight ... Read More
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Pre-Paid Cards in Turkey
Pre-Paid Cards in Turkey Turkey is witnessing dynamic growth in social media and gaming expenditure. While consumers above the age of 18 and those in the workforce have the option to obtain credit or debit cards to access their wages, a different consumer profile is emerging among underage individua ... Read More
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Credit Cards in Canada
Credit Cards in Canada In the latter half of 2022, Canada opened its doors, discarding travel restrictions and welcoming a surge of new students and workers from overseas. Canada's financial institutions greeted these newcomers with a generous $2,000 credit card limit, and more than three-quarters o ... Read More
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Debit Cards in Turkey
Debit Cards in Turkey The COVD-19 pandemic hampered the use of cash in Turkey, with consumers also opting to use a debit card over credit cards in 2023. The availability of contactless debit cards encouraged consumers to use their debit cards for small purchases, while saving their credit cards for ... Read More
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Credit Cards in Sweden
Credit Cards in Sweden After the pandemic, there has been much pent-up demand for activities which were restricted, including going out and travelling abroad. Also, many Swedes managed to make significant savings during COVID-19 and have been able to spend more post-pandemic. This has created a good ... Read More
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Financial Cards and Payments in Colombia
Financial Cards and Payments in Colombia The use of debit cards continues to grow strongly in Colombia, supported by increased online purchases and cautious consumer behaviour. While credit card issuance remains stagnant, pre-paid cards, particularly closed loop transportation cards, are steadily ga ... Read More
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Consumer Credit in Australia
Consumer Credit in Australia Loans taken out for education purposes, which include the HECS-HELP loan provided by the government, continues to grow at a moderate rate in 2023. This reflects the high engagement of Australians with tertiary education, both universities and TAFE institutes. Pathways to ... Read More
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Credit Cards in Australia
Credit Cards in Australia Amid the rising cost of living in Australia, credit spend increased significantly in 2022, while the number of transactions has continued to rise in 2023 as consumers use their credit cards for smaller, more frequent purchases. However, the number of credit cards in circula ... Read More
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Charge Cards in Brazil
Charge Cards in Brazil When presented with a choice between a credit card and a card offering credit card-like functionality but without revolving credit, most Brazilians opt for the former. This inclination is rooted in a fundamental factor hindering charge cards from achieving more substantial suc ... Read More
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Consumer Credit in Brazil
Consumer Credit in Brazil In June 2023, the percentage of households carrying outstanding debts in Brazil rose by a 0.2 percentage point, reaching a total of 78.5%, the highest level since November 2022. Among these households, 18.5% considered themselves heavily burdened with debt, marking the high ... Read More
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Debit Cards in Australia
Debit Cards in Australia The decline of cash was already evident in Australia prior to the pandemic, with the tough regulations imposed during this period causing the decline to rapidly accelerate. Cash usage has failed to rebound with many consumers and businesses having successfully transitioned t ... Read More
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Pre-Paid Cards in China
Pre-Paid Cards in China As of July 2023, 10 pre-paid card issuers had had their payment clearing license revoked, according to PBOC (People’s Bank of China). In fact, the majority of these issuers voluntarily cancelled their licenses, affected by stringent government regulation; for instance, open l ... Read More
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Financial Cards and Payments in Brazil
Financial Cards and Payments in Brazil In 2023, Brazil's finance industry is undergoing rapid transformations driven by an expanding banked population, digitalisation, and advancements in open finance. Concurrently, consumers are increasingly turning to credit in the face of adverse macroeconomic co ... Read More
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Pre-Paid Cards in Australia
Pre-Paid Cards in Australia While remote working has become a staple arrangement for many Australians, the idea of working remotely every day has been phased out. Many employees are returning to the office five days a week, while others have a hybrid arrangement which sees them going into the office ... Read More
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Pre-Paid Cards in Brazil
Pre-Paid Cards in Brazil Local consumers increasingly seek the ability to utilise pre-paid cards in digital domains, spanning online shopping, food delivery services, and ride-hailing platforms. Brazilians also aspire to utilise pre-paid cards in diverse contexts, including international travel. Alt ... Read More
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Consumer Lending in China
Consumer Lending in China Demand for consumer lending is set to see a moderate rebound in 2023, as the pandemic has eased, and consumer spending has returned, especially on services and in other discretionary categories. However, growth in consumer lending in China is expected to be slow, following ... Read More
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Consumer Lending in Brazil
Consumer Lending in Brazil Brazilians are well-acquainted with dividing payments into instalments, a practice prevalent in both traditional retail credit (known as ""crediário"") and credit card payments. The compounding effects of inflation, a challenging job market, and reduced consumer purchasing ... Read More
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