Category: Credit Cards
Asia Credit Cards
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Financial Cards and Payments in Malaysia
... a cashless society in Malaysia, pushed by the government and private actors, such as retailers, and accelerated by the experience of the pandemic, continue to dictate many of the developments in the industry. This is ... Read More
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Charge Cards in Thailand
... era, consumers have returned to routine spending, with robust value growth in 2023 in terms of charge card transactions. The strong rebound in the tourism and hospitality industry is having a notable impact, with high-income ... Read More
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Credit Cards in Malaysia
... credit cards in circulation is rebounding, following declines caused by the effects of the pandemic on the business and travel operations of companies. The reopening of society and related growth in both personal and commercial ... Read More
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Store Cards in Thailand
... programme covers a variety of goods and services such as fuel, food and beverages, products sold in convenience stores, IT equipment, computers, smartphones, and books (excluding alcohol, cigarettes, and vehicles). The scheme is designed to ... Read More
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Charge Cards in Malaysia
... supply of charge cards from banking institutions in Malaysia. Indeed, many banks have dropped their offer of charge cards, especially commercial charge cards, due to limited demand in the market. Over 2023, the numbers of ... Read More
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Credit Cards in the Philippines
... reflects local consumers’ resurgence in terms of shopping, travelling and purchasing goods after around two years of COVID-19 lockdown and other restrictions. The notable increase in credit card billings serves as an indicator of heightened ... Read More
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Pre-Paid Cards in Malaysia
... a trend accelerated by the Coronavirus (COVID-19) pandemic, many local consumers, including those among the unbanked population, who do not own a financial card of any type, are more likely to convert to pre-paid cards. ... Read More
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Financial Cards and Payments in the Philippines
... stabilise, the Philippines continues to experience robust growth in both volume and value terms within digital payments. This growth is observed across various areas of financial cards and payments. Notably, travel, dining, entertainment and e-commerce ... Read More
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Credit Cards in Thailand
... various products and services, including shopping, restaurants, tourism, travel, and petrol have all increased, resulting in double-digit growth in credit card transactions. Additionally, the Thai government’s personal income tax deduction programme “Shop Dee Mee Kuen” ... Read More
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Charge Cards in Indonesia
... of normal social and economic activity in the wake of the COVID-19 crisis, with the lifting of pandemic related restrictions leading to an increase in people’s mobility and confidence. The development of charge cards is ... Read More
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Credit Cards in Indonesia
... card spending has recovered across categories. Holidays and the end of the year are the main drivers for increasing transaction value. Banking is very focused on offering various attractive promotions and promotions for homecoming tickets ... Read More
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Charge Cards in Turkey
... who use credit cards employ them mostly for the “pay later” function, while they use debit cards, which do not have a “pay later” function, for micropayments. Over the forecast period, banks may launch products ... Read More
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Financial Cards and Payments in Vietnam
... cards, and pre-paid cards are all seeing healthy double-digit transaction value growth, with credit cards showing the strongest growth regarding numbers of cards in circulation, followed by debit cards and pre-paid cards in numbers. Charge ... Read More
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Consumer Lending in Malaysia
... and more appealing terms when required. The economic uncertainty in Malaysia, with relatively high inflation and a cost of living crisis, is stimulating banks to offer such personal loan products in 2023. Euromonitor International's Consumer ... Read More
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Consumer Lending in Hong Kong, China
... by card lending. The reopening of borders in the fourth quarter of 2022 has sparked a strong desire among locals to travel abroad after staying in the domestic market for three years. This surge in ... Read More
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Charge Cards in Taiwan
... its success lies in the exclusive benefits and privileges offered to cardholders, compensating for the higher annual fee associated with AMEX cards. Many cardholders find the benefits and exclusivity provided by AMEX cards outweigh the ... Read More
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Financial Cards and Payments in Indonesia
... QR code standard developed by Bank Indonesia and Indonesian Payment System Association for cashless payments in Indonesia) and mobile banking has been the major driver of the development of electronic payment in the market. On ... Read More
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Credit Cards in Vietnam
... 2023, thanks to a growing awareness among consumers about the advantages of credit cards, in terms of enhancing spend levels and facilitating effective financial management at the same time. Euromonitor International's Credit Card Transactions in ... Read More
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Credit Cards in Turkey
... driven by the influx of new consumers entering the banking system and obtaining credit cards as they transition into the job market after graduation. Consequently, the total count of credit cards continues to increase, consistent ... Read More
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Consumer Credit in Taiwan
... and digital wallet operators remains relatively minor, the potential for growth in this sector is significant. In 2023, all three pure digital banks have taken the initiative to launch loan and insurance services, marking a ... Read More
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Consumer Lending in Turkey
... and foreign exchange rates have made consumers more reliant on lending solutions. Consumers are seeking ways to offset the impact of escalating costs. The challenging situation has created greater opportunities for individuals to exploit their ... Read More
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Consumer Lending in Singapore
... in overall consumer lending, coinciding with the country's ongoing shift towards digitalisation. Euromonitor International's Consumer Lending in Singapore report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit ... Read More
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Consumer Lending in Vietnam
... Circular No. 06/2023/TT-NHNN on 28 June 2023, amending and supplementing certain provisions of Circular No. 39/2016/TT-NHNN, which regulates credit activities of credit institutions and foreign bank branches, regarding additional regulations on loan approval through electronic ... Read More
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Credit Cards in Hong Kong, China
... of the pandemic. Residents are now showing a strong and sustained interest in reallocating their spending from daily expenses in Hong Kong towards their outbound travel budget. Hong Kong's outbound expenditure is set to recover ... Read More
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Pre-Paid Cards in Vietnam
... showing a negative performance, in sharp contrast to what is seen now. Furthermore, such developments are inclusive and regardless of inflationary pressures. Euromonitor International's Pre-Paid Card Transactions in Vietnam report establishes the size and structure ... Read More
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