Category: Service Industries
Service Industries market research reports by Euromonitor International
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Charge Cards in Taiwan
Charge Cards in Taiwan In Taiwan, charge cards are not as widespread or as popular as credit cards and other payment methods. The country predominantly relies on credit cards, debit cards, and digital wallets for everyday transactions. Historically, charge cards have been less popular in Taiwan due ... Read More
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Pre-Paid Cards in Taiwan
Pre-Paid Cards in Taiwan In Taiwan, pre-paid cards continues to thrive despite the increasing popularity of digital wallets. Physical pre-paid cards maintain significant relevance in the payments landscape, serving a distinct purpose and catering to different consumer preferences. Notably, while dig ... Read More
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Consumer Credit in Taiwan
Consumer Credit in Taiwan In Taiwan, the landscape of financial services is evolving rapidly to accommodate credit novices, providing them with easier access to a range of financial products and services. Digital banks and Buy Now, Pay Later (BNPL) platforms are emerging as key players in this trans ... Read More
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The World Market for Payments and Lending
The World Market for Payments and Lending Financial cards are strengthening their position globally as the most popular way for consumers to pay. Paper payments have been consistently declining, due to changing consumer preferences and government efforts to increase the security and transparency of ... Read More
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Consumer Credit in the US
Consumer Credit in the US With President Biden stepping away from the US presidential election race in the summer, it is apparent that one of the lasting legacies of his single term will be a long-standing battle with student loans on behalf of consumers. For much of President Biden’s term, student ... Read More
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Financial Cards and Payments in Taiwan
Financial Cards and Payments in Taiwan Financial cards and payments in Taiwan is witnessing a transformative shift towards integrated and customer-centric financial solutions. As digital wallets gain prominence and consumer preferences continue to evolve, players in the market are adapting their str ... Read More
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Consumer Credit in Malaysia
Consumer Credit in Malaysia In 2024, Malaysia's government introduced the e-invoicing initiative, which is expected to have a significant impact on consumer credit, particularly in sectors like auto loans. Due to the phased in over the next year, the initiative requires businesses with annual revenu ... Read More
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Pre-Paid Cards in the Philippines
Pre-Paid Cards in the Philippines The market for pre-paid cards in the Philippines is set to witness further growth in 2024, supported by a strong focus on financial inclusion. Many banks and financial institutions are increasingly offering pre-paid cards as an alternative to traditional debit and c ... Read More
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Consumer Credit in the Philippines
Consumer Credit in the Philippines Consumer credit in the Philippines is expected to continue growing in 2024, with credit cards and various personal lending options - especially auto loans and durable goods financing - driving this expansion. Major banks, including Philippine National Bank (PNB), r ... Read More
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Store Cards in Argentina
Store Cards in Argentina As occurred throughout the review period, store cards in Argentina is set to post declines in volume transactions and circulation numbers in 2024. Consumer interest in such products has been diminishing for several years in line with the growing preference for financial card ... Read More
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Credit Cards in the Philippines
Credit Cards in the Philippines Credit card usage in the Philippines is being shaped by the growing need for accessible credit, in line with evolving consumer lifestyles. To meet this rising demand, banks like EastWest Bank have expanded their credit card offerings, aligning with customers' evolving ... Read More
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Consumer Credit in Argentina
Consumer Credit in Argentina Card lending has remained the dominant contributor to total gross lending within consumer credit in Argentina in 2024. Its large size reflects the fact that caps imposed by the Central Bank have historically kept maximum interest rates on credit cards lower than those le ... Read More
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Pre-Paid Cards in Argentina
Pre-Paid Cards in Argentina In keeping with the trend witnessed across financial cards and payments, pre-paid cards in Argentina has seen growth in volume and current value transactions slow in 2024 amidst a sharp economic contraction. Expansion in value terms has been further constrained by the fac ... Read More
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Charge Cards in Argentina
Charge Cards in Argentina Charge cards has remained a niche area in Argentina in 2024. These types of cards have never been widely used by consumers or businesses in the country, as annual maintenance fees are high and balances typically have to be paid in full each month. Credit cards are overwhelm ... Read More
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Financial Cards and Payments in Argentina
Financial Cards and Payments in Argentina While financial cards and payments in Argentina has continued to expand in 2024, volume and current value transaction growth rates look set to be markedly lower than those recorded the previous year. Growth in the number of cards in circulation has also slow ... Read More
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Financial Cards and Payments in the Philippines
Financial Cards and Payments in the Philippines The number of financial cards in circulation in the Philippines is set to increase significantly in 2024, reflecting a broader trend toward cashless transactions, with electronic payments continuing to gain ground. This trend is driven not only by the ... Read More
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Credit Cards in Argentina
Credit Cards in Argentina With sweeping reforms pursued by the Milei administration initially pushing the economy further into recession and greatly weakening purchasing power among the population, more cautious attitudes to spending mean credit cards in Argentina has seen growth in volume and curre ... Read More
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Debit Cards in the Philippines
Debit Cards in the Philippines Debit card usage is increasing significantly in the Philippines. This trend reflects a growing confidence in card-based transactions, including for everyday purchases. Mobile wallets are also seeing wider adoption, fuelled by the convenience they offer and the country’ ... Read More
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Debit Cards in Argentina
Debit Cards in Argentina Volume and current value transaction growth rates for debit cards in Argentina in 2024 are set to be weaker than those recorded in 2023. Visible in both the personal and commercial categories, the slowdown is partly explained by increasing maturity, but also reflects reduced ... Read More
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Pre-Paid Cards in Saudi Arabia
Pre-Paid Cards in Saudi Arabia Pre-paid cards are increasingly benefiting from Saudi Arabia's transition towards a cashless society. A notable example is the adoption of pre-paid payroll cards for domestic workers, ensuring timely payment and protecting wages from delays or disputes associated with ... Read More
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Credit Cards in Chile
Credit Cards in Chile Credit cards in Chile is experiencing moderate growth in 2024, driven by ongoing economic recovery. While personal credit card transactions have traditionally dominated the landscape, the rise of Buy Now, Pay Later (BNPL) services pose a significant competitive challenge, espec ... Read More
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Pre-Paid Cards in Chile
Pre-Paid Cards in Chile Pre-paid cards in Chile continues a significant shift towards open loop cards in 2024, with open loop cards gaining traction due to their versatility and wide acceptance among merchants. This trend is likely to continue, positioning open loop cards as the preferred payment me ... Read More
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Debit Cards in Saudi Arabia
Debit Cards in Saudi Arabia Debit cards remain the dominant form of financial card in Saudi Arabia, largely due to their widespread popularity among consumers. They are preferred over credit cards for several reasons, such as the absence of interest charges, more accessible approval processes, and f ... Read More
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Debit Cards in Chile
Debit Cards in Chile Debit card usage in Chile continues to see support from the ongoing switch away from cash in 2024. This has been further supported by increased financial inclusion, e-commerce expansion, as consumers and industries alike move towards digital payments. The COVID-19 pandemic accel ... Read More
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Consumer Credit in Chile
Consumer Credit in Chile Consumer credit in Chile is facing some challenges in 2024, due to overall economic uncertainty, inflation, and tight credit policies. That said, a decline in rates since late 2023 has revived credit card usage, although inflationary pressures continue to influence borrowing ... Read More
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