Category: Service Industries
Service Industries market research reports by Euromonitor International
-
Financial Cards and Payments in Saudi Arabia
Financial Cards and Payments in Saudi Arabia The number of financial cards in circulation in Sadi Arabia is set to increase further in 2024, alongside growth in the number of transactions. The rise in card payments is a direct result of the Saudi government's push towards a cashless society, encoura ... Read More
-
Credit Cards in Saudi Arabia
Credit Cards in Saudi Arabia Saudi Arabia is poised to witness a notable surge in credit card ownership and usage (in terms of number of transactions), throughout 2024. This growth is attributed to strategic partnerships aimed at introducing innovative credit card offerings and advanced payment solu ... Read More
-
Consumer Credit in Saudi Arabia
Consumer Credit in Saudi Arabia Consumer credit in Saudi Arabia is poised for substantial growth in 2024, with education loans seeing a particularly significant increase. While education loans currently represent a relatively small share of the overall lending market, they are projected to rise cons ... Read More
-
Consumer Credit in Italy
Consumer Credit in Italy Consumer credit in Italy is poised to register improved results in 2024 in terms of current value growth in gross lending and the outstanding balance. Overall demand for and availability of credit facilities have been buoyed by falling interest rates, the sustained easing of ... Read More
-
Charge Cards in Saudi Arabia
Charge Cards in Saudi Arabia The number of charge cards in Saudi Arabia continues to expand, through offering users greater flexibility in purchasing power compared to traditional credit cards. Unlike credit cards, charge cards do not come with a pre-set spending limit, meaning users can access the ... Read More
-
Store Cards in Chile
Store Cards in Chile Store cards in Chile are witnessing a decline in popularity in 2024, primarily due to increased competition from bank-issued credit, debit, and pre-paid cards, which often offer lower interest rates and greater flexibility. Consequently, store cards are becoming niche products, ... Read More
-
Financial Cards and Payments in Chile
Financial Cards and Payments in Chile The financial cards and payments landscape in Chile is undergoing a transformative shift in 2024, driven by regulatory advancements, technological innovations, and changing consumer preferences. The introduction of the Fintech Law is also reshaping the landscape ... Read More
-
Debit Cards in Mexico
Debit Cards in Mexico In Mexico, 2023 was a year in which debit cards saw an increase in the number of debit cards in circulation, and double-digit growth in volume and current value transactions, and this is set to continue in 2024, driven by the dynamism of the category and a stable economy. A low ... Read More
-
Credit Cards in Brazil
Credit Cards in Brazil Credit card is a very popular payment method in Brazil. Transactions using credit cards continued to grow at double-digit rates in the country in 2023, but at a slower pace compared to 2021 and 2022, and growth is set to slow further in 2024, to the single digits. In 2023, the ... Read More
-
Credit Cards in Mexico
Credit Cards in Mexico While the unemployment rate is low in Mexico, and 2024 has begun to see a favourable exchange rate against the US dollar, many Mexicans are concerned about the state of the economy. Inflation rates have declined from the heights of 2022, but they remain high by recent historic ... Read More
-
Store Cards in Brazil
Store Cards in Brazil In Brazil, regardless of the economic challenges that fluctuate over the years, retailers have consistently found ways to overcome difficulties by innovating payment methods to keep selling their products. This is especially true for lower-income consumers, who face constrained ... Read More
-
Debit Cards in Brazil
Debit Cards in Brazil Debit cards, which for a long time was one of the main payment methods in Brazil, has faced a notable decline in its share of overall payments, due to the adoption and rise of Pix, the instant payment system launched by the Central Bank of Brazil (BCB) in 2020. Pix quickly conq ... Read More
-
Pre-Paid Cards in Mexico
Pre-Paid Cards in Mexico In 2024, pre-paid cards in Mexico is set to experience a strong positive performance, largely thanks to government initiatives. Transportation pre-paid cards have in a presidential election year been a way to keep citizens in favour of a certain political party. Thus, in thi ... Read More
-
Store Cards in Mexico
Store Cards in Mexico 2023 and 2024 have seen greater economic stability in Mexico, driven by low unemployment rates and a favourable exchange rate against the US dollar, which has represented an opportunity for department stores to capitalise on customers willing to spend more. An example is El Pal ... Read More
-
Charge Cards in Brazil
Charge Cards in Brazil Charge cards faces challenges in Brazil, due to the consumer preference for traditional credit cards with revolving credit options. Despite the similarities between the two types of cards, the lack of revolving credit in charge cards limits their adoption. The Brazilian market ... Read More
-
Charge Cards in Mexico
Charge Cards in Mexico Charge cards, predominantly represented by American Express, is set to maintain a favourable performance in Mexico in 2024, evident across both commercial and personal charge cards, due to a healthy economy. With low unemployment rates and an increase in the minimum wage, Mexi ... Read More
-
Financial Cards and Payments in Brazil
Financial Cards and Payments in Brazil The complex macroeconomic scenario in Brazil up to the year of 1994 was marked by very intense inflationary pressure and frequent regulatory changes. These challenging conditions led local banks to implement agile and sophisticated measures to survive in an env ... Read More
-
Financial Cards and Payments in Mexico
Financial Cards and Payments in Mexico During 2024, the economic outlook in Mexico has been impacted by inflationary and political factors, while the low unemployment rate, higher salaries, and the active performance of the banking sector have attracted a greater number of customers, moving towards ... Read More
-
Pre-Paid Cards in Brazil
Pre-Paid Cards in Brazil The Worker Food Program (PAT) is a programme which encourages companies in Brazil to offer a list of benefits to employees in exchange for tax incentives, specifically a 4% deduction on their income tax. This programme was established in 1976, and underwent changes in 2022 a ... Read More
-
Consumer Credit in Brazil
Consumer Credit in Brazil In the post-pandemic period, in response to high inflation rates, the Central Bank of Brazil (BCB) continued to raise the basic interest rate (Selic), reaching 13.75%. This was the highest rate since 2017. The objective was to curb demand and reduce pressure on prices, espe ... Read More
-
Consumer Credit in Mexico
Consumer Credit in Mexico Consumer credit is anticipated to maintain its upward trajectory in 2024, with the expectation of solid value growth in both gross lending and the outstanding balance in a favourable macroeconomic environment. Mexico is a highly attractive country for the entry of fintech c ... Read More
-
Consumer Credit in South Korea
Consumer Credit in South Korea In South Korea, there has been a significant rise in credit card loans and cash services, indicating a shift in borrowing habits amongst consumers. Typically, these loans are sought by individuals with low credit scores, as credit card companies tend to offer loans wit ... Read More
-
Financial Cards and Payments in the United Arab Emirates
Financial Cards and Payments in the United Arab Emirates Financial cards and payments in the United Arab Emirates has undergone significant transformation in 2023 and 2024, characterised by the rise of digital payments, the emergence of new players, and a supportive regulatory environment. The Centr ... Read More
-
Credit Cards in the United Arab Emirates
Credit Cards in the United Arab Emirates Credit cards in the United Arab Emirates remains a dynamic performer, especially in terms of value transactions, which continue to record double-digit growth in 2024. In the United Arab Emirates, economic growth is currently driven by capital investment, tech ... Read More
-
Consumer Credit in the United Kingdom
Consumer Credit in the United Kingdom Consumer credit in the UK is performing well, with 5% growth for gross lending and 7% growth for outstanding balance in 2024. Both card and non-card lending are contributing to the rise in gross lending. This is due to consumers continuously applying for credit ... Read More
Research Assistance
