Category: Credit Cards
South America Credit Cards
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Financial Cards and Payments in Latin America
... overall regional performance in 2024 was negatively impacted by the major declines seen across most parameters in Argentina, given the extremely difficult economic backdrop in this country in this year. Euromonitor International's Financial Cards and ... Read More
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Financial Cards and Payments in Colombia
... of cards in circulation increasing at a solid pace. These results were partly attributable to higher confidence and spending among the population as inflationary pressures steadily receded and economic activity picked up. However, the primary ... Read More
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Credit Cards in Colombia
... registered in 2023. Despite a series of interest rate cuts and an uptick in economic activity, expansion was constrained by the tendency of many households and companies to rein in their use of these instruments ... Read More
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Pre-Paid Cards in Colombia
... the diminishing appeal of open loop pre-paid cards, which are increasingly being superseded by debit and credit cards, digital wallets and electronic transfers. This is particularly true of so-called compensation fund cards, which have historically ... Read More
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Store Cards in Colombia
... on that recorded in 2023. Usage levels continued to be depressed by the increasing consumer preference for alternative types of financial cards that offer greater versatility, wider acceptance and more appealing added-value benefits in areas ... Read More
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Credit Cards in Peru
... competition from other payment methods, such as debit cards and pre-paid cards, being options which do not incur high interest charges as per credit cards. Indeed, while the economy in Peru is improving, consumers remain ... Read More
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Consumer Credit in Peru
... improving economy in the country, thanks to greater GDP growth, inflation levels within the target range, and better job prospects. However, the economic recession that Peru experienced in 2023 significantly affected people's ability to pay ... Read More
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Store Cards in Peru
... few store cards are still working in some regional stores, being those which are still within their validity period. This switch to credit cards is preferable for consumers, as it enables wider usage of such ... Read More
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Pre-Paid Cards in Peru
... cards, as each of these types of cards has seen significant development in the last two years. Euromonitor International's Pre-Paid Card Transactions in Peru report establishes the size and structure of the market for ATMs ... Read More
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Financial Cards and Payments in Peru
... is helping to boost consumption in general, thanks to the growth in national production, with inflation levels within the target range, and the greater possibilities of obtaining work. Little by little, these factors are helping ... Read More
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Colombia Cards and Payments: Opportunities and Risks to 2028
... provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, cards, direct debits and cheques during the review-period (2020-24e). The report also analyzes various payment card markets ... Read More
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Store Cards in Argentina
... for several years in line with the growing preference for financial cards and payment tools that provide greater versatility and flexibility. Consequently, retailers are increasingly scaling back investment in this category or exiting it altogether, ... Read More
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Consumer Credit in Argentina
... have historically kept maximum interest rates on credit cards lower than those levied on personal loans, making the former a more affordable method of borrowing. Additionally, persistently high inflation means consumers are often heavily dependent ... Read More
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Pre-Paid Cards in Argentina
... contraction. Expansion in value terms has been further constrained by the fact that the Milei administration’s shock therapy reforms have helped to bring about a sustained reduction in inflation since May. A steeper downturn in ... Read More
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Charge Cards in Argentina
... are high and balances typically have to be paid in full each month. Credit cards are overwhelmingly favoured due to their revolving financing component and greater flexibility. The core base for charge cards consists of ... Read More
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Financial Cards and Payments in Argentina
... the previous year. Growth in the number of cards in circulation has also slowed, albeit at a gentler pace. The downturn reflects the extremely challenging economic environment that has resulted from sweeping reforms undertaken by ... Read More
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Credit Cards in Argentina
... in Argentina has seen growth in volume and current value transactions dip in 2024. However, the slowdown has been mitigated by the fact that the rapidly rising cost of living has made many people more ... Read More
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Credit Cards in Chile
... Later (BNPL) services pose a significant competitive challenge, especially for smaller purchases. As consumers increasingly opt for the flexibility of BNPL, the growth rate of credit card transactions may slow, compelling issuers to adapt their ... Read More
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Pre-Paid Cards in Chile
... is likely to continue, positioning open loop cards as the preferred payment method. In contrast, closed loop cards are in steady decline, largely attributed to the superior convenience and flexibility of their open loop counterparts. ... Read More
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Store Cards in Chile
... greater flexibility. Consequently, store cards are becoming niche products, appealing mostly to lower socioeconomic segments and customers seeking specific retail promotions. Euromonitor International's Store Card Transactions in Chile report establishes the size and structure of ... Read More
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Financial Cards and Payments in Chile
... Fintech Law is also reshaping the landscape, fostering competition and promoting financial inclusion by allowing new players to enter the space. Ratified by the Ministry of Finance on 4 January 2023, the Fintech Law set ... Read More
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Credit Cards in Brazil
... to 2021 and 2022, and growth is set to slow further in 2024, to the single digits. In 2023, the number of credit card transactions surpassed the number of debit card transactions for the first ... Read More
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Store Cards in Brazil
... especially true for lower-income consumers, who face constrained budgets and greater difficulty accessing credit cards. Store cards represent a way to build customer loyalty, as these consumers tend to prefer stores that offer an established ... Read More
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Charge Cards in Brazil
... revolving credit in charge cards limits their adoption. The Brazilian market values instalment payments, a feature widely available in credit cards. Consequently, the number of charge cards in circulation has been declining year after year ... Read More
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Financial Cards and Payments in Brazil
... to implement agile and sophisticated measures to survive in an environment hostile to economic activities. Such developments positively impact Brazilian financial institutions to this day, allowing the development of cutting-edge solutions and technologies in a ... Read More
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