Category: Credit Cards
Europe Credit Cards
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Charge Cards in Romania
... flourishing in other card types, causing a stagnation in their development. The commercial sector dominates the charge card landscape, relying on a business-to-business approach to sustain its position. Small retailers often do not accept charge ... Read More
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Credit Cards in Poland
... closing credit card accounts. This trend can also be linked to the growing popularity of Buy Now Pay Later financial services in Poland. At the end of 2022, BNPL services were available in the majority ... Read More
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Charge Cards in France
... which has taken some time to bounce back due to a period of hybrid events mixing online with physical options. However, physical MICE events resumed more strongly from mid-2022 and have accelerated further in 2023. ... Read More
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Charge Cards in Greece
... activities, and restrictions on travel and dining – vital areas for commercial charge card usage – were the primary contributing factors. However, as the situation returned to normalcy with a relaxation of epidemic measures and ... Read More
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Credit Cards in Denmark
... largely explained by inflation, particularly as the spend on credit cards is usually for more expensive items. It is different for debit cards, where the spend is mainly for everyday smaller purchases, and where consumers ... Read More
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Consumer Lending in Norway
... were boosted by the shift back to normal lifestyles post-pandemic, with credit sought out to fuel travel, new cars and other expenses. There was a steep increase in credit card usage and also an increase ... Read More
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Financial Cards and Payments in Poland
... of payment methods so that the consumer and merchant can choose the most convenient option for them. Despite the decrease in the share of cash transactions made in Poland, cash payments still remain significant. POS ... Read More
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Financial Cards and Payments in Greece
... a slower pace, attributed to the positive economic outlook and relative stability after successive crises. Tourism, a significant economic driver, continues to provide momentum to the market. A notable shift from cash to digital and ... Read More
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Consumer Lending in Romania
... the Russian invasion of Ukraine has collectively dampened Romanians' enthusiasm for consumer loans in 2023. Meanwhile, the escalating living costs have driven a significant surge in card lending as consumers seek to cover daily expenses, ... Read More
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Credit Cards in Romania
... instability has led to reduced non-essential spending, with some consumers postponing purchases until economic conditions become more certain, directly affecting credit card usage. Euromonitor International's Credit Card Transactions in Romania report establishes the size and ... Read More
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Charge Cards in Poland
... infrequently utilised and the number in circulation is facing long-term decline . Personal charge cards are now almost niche in Poland where they are considered old-fashioned. Consumers increasingly prefer credit cards which are more convenient ... Read More
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Consumer Lending in Sweden
... August 2022, the annual inflation rate soared to almost 10%, the highest in more than 30 years. With the prices of essential commodities such as electricity, fuel and food continuing to rise, as well as ... Read More
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Financial Cards and Payments in Romania
... a significant grey economy, and a widespread preference for cash transactions by both consumers and businesses. The prevalence of PoS terminals among merchants in Romania is below the EU average, further limiting the widespread adoption ... Read More
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Store Cards in Denmark
... inflation. Store cards have not kept up with technology innovations and this is leading to their decline. Euromonitor International's Store Card Transactions in Denmark report establishes the size and structure of the market for ATMs ... Read More
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Consumer Credit in Norway
... slightly in 2023, but it is still much higher than the 2% target. Interest rates have been raised to a high of 4.25% in September 2023, with further hikes possible, as the government tries to ... Read More
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Credit Cards in Greece
... the previous decade, credit cards have found a stable position in the Greek market, albeit at lower levels compared to debit cards. Euromonitor International's Credit Card Transactions in Greece report establishes the size and structure ... Read More
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Charge Cards in Hungary
... and there are no indications that this situation will change. The last personal charge products in Hungary were withdrawn from circulation during 2012 and it is considered very unlikely that they will be reintroduced within ... Read More
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Credit Cards in Hungary
... not renewed in 2023. Meanwhile, high interest rates, competitive products/services and regulatory issues hinder the higher prevalence of Buy-Now-Pay-Later (BNPL) solutions in Hungary. Euromonitor International's Credit Card Transactions in Hungary report establishes the size and ... Read More
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Consumer Lending in Poland
... has caused a slowdown in the consumer credit sector. The high level of inflation has pushed up the cost of living and reduced the disposable income of potential borrowers, and thus their creditworthiness. Despite the ... Read More
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Financial Cards and Payments in France
... goods (FMCGs), leading to widespread discounts, slashed prices, and in-store promotions. Although inflation looks to be stabilising somewhat through 2023, French consumers are not generally aware of these fluctuations and remain cautious in their purchases ... Read More
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Consumer Credit in Sweden
... amid much uncertainty about the future. Auto lending, in particular took a hit in 2022, following a strong recovery in 2021. This was due to a shortage of electrical components, which saw the automotive industry ... Read More
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Charge Cards in Sweden
... which started before the COVID-19 crisis, fewer and fewer people are attracted to personal charge cards, and there has been a constant decline in the number of cards in circulation in the country. Diners Club ... Read More
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Store Cards in France
... notable factors here, along with the fact that French consumers typically try to limit their numbers of plastic cards (mainly in store cards and loyalty cards). Furthermore, French consumers tend to prefer charge cards and, ... Read More
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Consumer Lending in the United Kingdom
... prices drove inflation in 2022, they have been gradually decreasing in 2023, and what is now driving continued high inflation is the country’s dramatic increase in the prices of food and non-alcoholic beverages. Nevertheless, consumer ... Read More
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Financial Cards and Payments in Sweden
... start of the review period, its role diminished further during the pandemic due to consumer hygiene concerns, which led to an increase in contactless payments. At the same time, foreign spend with card-present transactions declined ... Read More
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