Category: Service Industries
Service Industries market research reports by Euromonitor International
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Credit Cards in Romania
Credit Cards in Romania The number of credit cards in Romania continues to grow but at a slower pace in 2024. Credit cards are facing growing competition from pre-paid cards and BNPL as well as a general lack of innovation. Nonetheless, transaction value growth remained relatively steady in 2024. Sl ... Read More
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Credit Cards in Peru
Credit Cards in Peru Credit cards face a decline in cards in circulation and number of accounts in Peru in 2024, while transaction values fare better with a positive performance. Ultimately, credit cards face ongoing competition from other payment methods, such as debit cards and pre-paid cards, bei ... Read More
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Debit Cards in Hungary
Debit Cards in Hungary Debit cards were impacted by rising banking fees in Hungary in 2024, prompting consumers to reevaluate their banking partner. Banks have been passing on their increased expenses to clients, directly impacting fees related to current accounts and debit cards. Many of these fees ... Read More
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Credit Cards in Hungary
Credit Cards in Hungary Credit card debt remained the most expensive forms of debt offered by financial institutions in Hungary in 2024. Under current regulations, the APR on credit cards can reach up to 39% percentage points above the prevailing base rate of the central bank. However, actual credit ... Read More
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Consumer Credit in Romania
Consumer Credit in Romania In 2024, positive signs of economic recovery reduced demand for consumer credit in Romania, translating into lower growth in card lending to cover everyday expenses. Romanian households enjoyed greater financial stability due to falling inflation although it remained above ... Read More
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Charge Cards in Hungary
Charge Cards in Hungary Charge cards remained niche in Hungary in 2024. Currently, only commercial charge cards are offered for top corporate managers and there are no indications to re-launch personal charge cards, as the last products were pulled from the market during 2012 and remain absent. The ... Read More
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Financial Cards and Payments in Romania
Financial Cards and Payments in Romania In Romania, the percentage of cash payments remains high with many employees receiving their wages in cash, which naturally reduces the use of financial cards. Nonetheless, cards have witnessed rapid growth in recent years with the share of card payments risin ... Read More
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Financial Cards and Payments in Hungary
Financial Cards and Payments in Hungary Financial cards and payments is seeing stable growth in the number of cards in circulation in Hungary in 2024. Indeed, the use of financial cards, both physical cards and their virtual counterparts, continues to grow, driven by a rich array of smartphone appli ... Read More
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Consumer Credit in Colombia
Consumer Credit in Colombia Consumer credit in Colombia recorded an improved performance in terms of current value growth in gross lending in 2024, while the outstanding balance also rose at a faster pace than in 2023. These results were underpinned by the Central Bank’s decision to steadily reduce ... Read More
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Consumer Credit in Peru
Consumer Credit in Peru Consumer credit continued to grow in Peru in 2024, albeit at moderate and lower levels than seen in the recent review period. This more moderate growth has been due to the improving economy in the country, thanks to greater GDP growth, inflation levels within the target range ... Read More
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Consumer Credit in Hungary
Consumer Credit in Hungary Consumer credit rebounded in Hungary in 2024, compared to 2023 which was a challenging year for consumers due to high inflation and increased borrowing costs, with interest rates peaking. However, 2024 brought more favourable conditions, including lower interest rates, red ... Read More
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Charge Cards in Romania
Charge Cards in Romania The charge card category in Romania is dominated by the commercial sector. Leading players have adopted a business-to-business marketing approach to maintain their positions. Banks are hesitant to invest in promoting and expanding the usage of charge cards due to other more p ... Read More
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Store Cards in Peru
Store Cards in Peru The use of store cards continued to decline sharply in Peru in 2024, as traditional store cards continue to be transformed into Visa or Mastercard credit cards. As a result, very few store cards are still working in some regional stores, being those which are still within their v ... Read More
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Pre-Paid Cards in Romania
Pre-Paid Cards in Romania Pre-paid cards experienced strong growth in 2024 as reflected by the surge in the volume of cards in circulation, the volume of transactions and overall expenditure. The strong performance is primarily attributed to the remarkable growth observed in open-loop cards, creatin ... Read More
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Debit Cards in Peru
Debit Cards in Peru The use of debit cards continued to grow in Peru in 2024, both in the number of transactions and in value, continuing the trend observed after the most critical stages of the COVID-19 pandemic. This growth has been higher than the growth observed for credit cards, with consumers ... Read More
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Debit Cards in Romania
Debit Cards in Romania New legislation makes it obligatory for all merchants in Romania to accept card payments and this includes debit cards. The law came into effect in June 2024 and is expected to drive growth in the number of debit card transactions over the upcoming forecast period. Consumers a ... Read More
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Pre-Paid Cards in Peru
Pre-Paid Cards in Peru Pre-paid cards maintained healthy growth in Peru 2024, in transactions, values, and numbers of cards in circulation. A. positive performance is being seen in both open loop and closed loop pre-paid cards, as each of these types of cards has seen significant development in the ... Read More
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Pre-Paid Cards in Hungary
Pre-Paid Cards in Hungary Pre-paid cards saw positive growth in Hungary in 2024, with major news in the category being the acquisition of Hellopay, a payment ecosystem, by OTP Mobil Kft, a subsidiary of OTP Bank that operates the Simple smartphone application and SimplePay payment solution. Hellopay ... Read More
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Consumer Credit in Sweden
Consumer Credit in Sweden Consumer credit in Sweden saw gross lending on cards increase at a stronger pace than mortgages/housing over 2024. Yet mortgages/housing growth remains much higher in terms of outstanding balances due to the prevalence of home buying in Sweden. Higher mortgage rates in the ... Read More
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Financial Cards and Payments in Peru
Financial Cards and Payments in Peru Financial cards and payments continued to grow in Peru in 2024, due to several factors. One of the most influential factors is the improvement of the Peruvian economy, which is helping to boost consumption in general, thanks to the growth in national production, ... Read More
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Debit Cards in Italy
Debit Cards in Italy While debit cards in Italy has performed positively in 2024, growth rates for volume and current value transactions are set to fall well below those recorded the previous year. Growth in the number of cards in circulation has also tapered off, albeit only marginally. This is par ... Read More
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Credit Cards in Italy
Credit Cards in Italy Credit cards in Italy has shown another solid performance in 2024, with healthy growth in volume and current value transactions projected for the entire year. Usage levels have been buoyed by a substantial reduction in inflation, in that the easing of cost-of-living pressures h ... Read More
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Financial Cards and Payments in Italy
Financial Cards and Payments in Italy Financial cards and payments in Italy has shown a solid performance in 2024, with total card circulation numbers and volume and current value transactions rising at healthy rates. Expansion continues to be underpinned by the increasing tendency of consumers and ... Read More
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Store Cards in Italy
Store Cards in Italy As occurred throughout the review period, store cards in Italy has seen circulation numbers and volume and current value transactions contract in 2024. The use of these instruments has been falling steadily for over a decade amidst growing consumer migration to other types of fi ... Read More
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Pre-Paid Cards in Italy
Pre-Paid Cards in Italy The open loop category has continued to dominate pre-paid cards in Italy in 2024, and is poised to register healthy growth in circulation numbers and volume and current value transactions for the entire year. It remains a key beneficiary of the shift away from cash in favour ... Read More
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