Category: Service Industries
Europe Service Industries
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Financial Cards and Payments in Greece
... the dominant card type. Greece, a traditionally cash-oriented economy, has been quick to adopt card payments over recent years, a trend accelerated by the COVID-19 pandemic, with the momentum of e-commerce and digital wallets, as ... Read More
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Financial Cards and Payments in Ukraine
... on cities and frequent power outages disrupting merchants, ATMs, and bank branches, the industry demonstrated remarkable resilience. To safeguard the financial system, the National Bank of Ukraine (NBU) implemented the Power Banking initiative, creating a ... Read More
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Macro - Country Economic Forecasts - France
... GDP growth is expected to have been broadly flat during Q4 2024 and will take time to gain pace in 2025 given that sentiment remains subdued, making up for a weak start of the year. Read More
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Macro - Country Economic Forecasts - Finland
... gains, lower interest rates, and stronger external demand will support growth this year. Key risks relate to the extent to which households spend or save real income gains, labour market strength, and global trade protectionism. Read More
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Credit Cards in Greece
... the number of cards in circulation. However, as seen in debit cards, an increase in everyday usage means smaller transactions per spend, in line with the increased frequency of use. Euromonitor International's Credit Card Transactions ... Read More
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Debit Cards in Ukraine
... feature contactless functionality, and the majority of point-of-sale (POS) terminals are equipped to support these payments. Contactless transactions are especially prevalent in public transportation, where their adoption has grown significantly. Municipal transport systems, such as ... Read More
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Pre-Paid Cards in Ukraine
... advantages compared to debit cards, which offer comprehensive features such as direct access to bank accounts, enhanced security and broad acceptance both domestically and internationally. Further, consumers increasingly prefer debit cards due to their versatility ... Read More
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Debit Cards in Greece
... multiple global crises, relative stability and mild growth of the Greek economy is providing the context for increased consumer spending. On a negative note, spending is also boosted by inflated prices of basic goods due ... Read More
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Pre-Paid Cards in Greece
... the year, following a similar trend with other card types in a context of stability and slow growth of the economy. Euromonitor International's Pre-Paid Card Transactions in Greece report establishes the size and structure of ... Read More
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Charge Cards in Sweden
... contraction at the height of the pandemic. Whilst there was a strong rebound in charge card transactions in 2021 and 2022, this trend quickly dissipated. Only marginal growth was evident in 2023 before charge card ... Read More
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Financial Cards and Payments in Sweden
... has been spearheading changes in mobile payments for some time. Even though inflation declined in 2024, consumers remained under pressure as the costs of living remained high. Consumer confidence also floundered as the economy experienced ... Read More
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Macro - Country Economic Forecasts - United Kingdom
... is likely to average 3% this year, we think markets are too hawkish on the outlook for monetary policy and we still expect the Bank of England to cut Bank Rate by 100bps in 2025. Read More
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Consumer Credit in Greece
... loans in particular are driving growth, as the market shifts back into a positive direction. Consumers are interested in purchasing products again, and banks are trying (conservatively) to loosen issuing criteria (in some instances) to ... Read More
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Credit Cards in Romania
... a general lack of innovation. Nonetheless, transaction value growth remained relatively steady in 2024. Slowing inflation and rising disposable income has gradually improved the financial stability of consumers helping to boost purchasing power in 2024. ... Read More
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Debit Cards in Hungary
... fees related to current accounts and debit cards. Many of these fees have risen at the rate of 2023 inflation, which was significant, prompting some customers to consider switching banks. The increase in transaction fees ... Read More
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Credit Cards in Hungary
... percentage points above the prevailing base rate of the central bank. However, actual credit card rates are significantly below this maximum. Additionally, the APR on credit cards has been steadily decreasing, currently standing approximately 5ppt ... Read More
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Charge Cards in Hungary
... last products were pulled from the market during 2012 and remain absent. The sales generated by charge cards are also expected to decline, due to the popularity of commercial debit cards over charge cards. This ... Read More
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Financial Cards and Payments in Romania
... rapid growth in recent years with the share of card payments rising year on year. Digital payments are driving the use of card transactions supported by retail e-commerce platforms which have adopted digital payment methods ... Read More
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Financial Cards and Payments in Hungary
... their virtual counterparts, continues to grow, driven by a rich array of smartphone applications with built-in payments, and other smart solutions (e.g., QR code payments) that make card payments more convenient, fast and versatile. Added ... Read More
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Charge Cards in Romania
... and expanding the usage of charge cards due to other more profitable products in their portfolios. Personal charge cards face limited prospects as consumers fail to see a clear advantage over credit cards, and issuers ... Read More
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Pre-Paid Cards in Romania
... attributed to the remarkable growth observed in open-loop cards, creating opportunities for operators such as Revolut, which continues to see double-digit growth in the number of transactions. Romania is the leading market in central and ... Read More
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Macro - Country Economic Forecasts - Ireland
... in 2024. Irish GDP rebounded by 3.5% q/q in Q3. We think this is the start of a recovery after five declines in the previous six quarters. But this isn't guaranteed given persistent data distortions. Read More
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Macro - Country Economic Forecasts - Denmark
... despite the slowdown in pharmaceutical production. Recovering consumer purchasing power as inflation remains below target and a favourable policy mix will also support the non-pharma economy. We think GDP growth likely averaged 2.7% last year. Read More
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Debit Cards in Romania
... drive growth in the number of debit card transactions over the upcoming forecast period. Consumers are already using their debit card for smaller purchases in 2024, with the average value of debit card transaction falling. ... Read More
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Pre-Paid Cards in Hungary
... Bank that operates the Simple smartphone application and SimplePay payment solution. Hellopay has established itself as one of Hungary's leading providers of integrated and innovative digital payment solutions in the hospitality and events sector. With ... Read More
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