Category: Service Industries
South America Service Industries
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Consumer Credit in Peru
... already rebounded to pre-pandemic levels in 2022. The resurgence is attributed to a gradual return of individuals to their routine activities post the pandemic-related restrictions. Consequently, consumer spending and financing habits have resumed, fuelling the ... Read More
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Credit Cards in Argentina
... profitability of offering credit cards. Both the interest rate for instalment payments and the rate charged when customers opt to finance their expenses are capped by the Central Bank, hindering substantial profits. Additionally, the escalating ... Read More
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Pre-Paid Cards in Argentina
... has gradually waned over time. Early players like Ualá and Mercado Pago, who were pivotal in its development, have shifted their focus away from these cards, emphasising other financial instruments. Moreover, the ongoing challenging economic ... Read More
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Debit Cards in Chile
... cash transactions rebounded to similar pre-pandemic levels, only marginally trailing behind debit cards, marking a notable recovery. 2023 continues to see an increase in cash transactions. This resurgence in cash usage is particularly evident in ... Read More
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Debit Cards in Argentina
... denomination is ARS2000, roughly equivalent to USD8 at the official exchange rate. Consequently, individuals would need to carry a substantial amount of cash for their purchases if restricted to cash transactions. Given the widespread preference ... Read More
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Financial Cards and Payments in Chile
... higher among individuals over 60 years of age, those from lower socio-economic backgrounds, and regions outside of the south. However, an ecosystem is developing with different payment methods that could generate a general downward trend ... Read More
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Store Cards in Chile
... First, the consumer landscape now offers an array of financial payment solutions, encompassing credit, pre-paid, and debit options. This expanded repertoire offers local consumers greater flexibility, transcending the confines of store-specific purchases. The ensuing surge ... Read More
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Debit Cards in Colombia
... in circulation and value of transactions. The performance of debit cards has been influenced by their increased use in online purchases, driven by the expansion of debit cards with security verification code (CVV), fostering their ... Read More
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Pre-Paid Cards in Chile
... end of the review period, with both banks and non-bank issuers actively participating in their development. Pre-paid cards offer a captivating area of study, not only due to their rapid expansion but also because of ... Read More
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Store Cards in Argentina
... shift has compelled store cards to transition into credit cards, with the majority being operated by Mastercard, significantly reducing the number of cards in this segment. Euromonitor International's Store Card Transactions in Argentina report establishes ... Read More
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Financial Cards and Payments in Peru
... Factors contributing to this caution include the sluggish economic growth, soaring inflation impacting the prices of goods and services, and reduced income due to the challenging job market. The prevailing economic, political, and social instability ... Read More
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Store Cards in Colombia
... including credit or debit cards offering benefits like cashback, many consumers are moving away from store cards as they no longer see their benefits. Additionally, there is a growing trend of merchants and financial institutions ... Read More
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Store Cards in Peru
... Mastercard. As a result, prominent department stores have ceased issuing standalone store cards and instead collaborated with these operators. The remaining store cards still in operation are primarily from regional stores or those still within ... Read More
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Charge Cards in Argentina
... contributing to the decline of this segment. Notably, American Express (AMEX) stands as the solitary player in this fading category, with the company itself not placing significant emphasis on its charge card offerings. Euromonitor International's ... Read More
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Pre-Paid Cards in Peru
... semblance of normalcy. However, in 2023, this growth has moderated, mainly due to a downturn in economic growth, heightened inflation, and decreased income levels stemming from a decline in formal employment opportunities and reduced commercial ... Read More
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Consumer Lending in Peru
... and gross lending, surpassing pre-pandemic levels experienced in 2022. Notably, the surge has been most pronounced in card lending, outpacing other loan categories. Mortgages/housing loans have also shown a substantial rise, although not at the ... Read More
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Financial Cards and Payments in Argentina
... in Argentina has soared to alarming levels. Banks face the obligation of reimbursing merchants for expenses within eight to 10 business days, but often experience delays in receiving these payments. This financing gap necessitates absorbing ... Read More
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Brazil Life Insurance Market Size and Trends by Line of Business, Distribution, Competitive Landscape and Forecast to 2027
... Forecast to 2027’ report provides in-depth market analysis, information, and insights into Brazil's life insurance segment. The report provides a detailed outlook by product category for Brazil's life insurance segment. It provides values for key ... Read More
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Pre-Paid Cards in Colombia
... increased mobility as hybrid work schemes lose traction. Transportation pre-paid cards are offering more digital alternatives for recharging, such as Tullave in Bogota and Cívica in Medellin, which allow users to add balance from e-wallets ... Read More
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Credit Cards in Chile
... to a significant shift towards cashless payments. Additionally, online banking has witnessed exponential growth, captivating an increasing number of customers and monthly visits. This transformation reflects evolving consumer preferences for modern financial practices. The allure ... Read More
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Consumer Lending in Argentina
... offers a lucrative high-interest rate. This money is utilised by the national government for financing and to control excessive money circulation in the market, thereby averting speculation and potential escalation of the dollar's value. In ... Read More
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Consumer Credit in Argentina
... is experiencing remarkable growth, boasting an annual rate of 500%. Presently, they have garnered over 45,000 affiliated businesses and 850,000 users. Euromonitor International's Consumer Credit in Argentina report establishes the size and structure of the ... Read More
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Credit Cards in Peru
... by users, stemming from their concern over the stagnant economic growth. The evolution of the credit card market is influenced by the dual factors of increasing familiarity with this payment method and the ongoing necessity ... Read More
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Financial Cards and Payments in Colombia
... closed loop transportation cards, are steadily gaining popularity. Store cards, however, are witnessing a decline due to consumer preferences shifting towards more versatile payment options. Euromonitor International's Financial Cards and Payments in Colombia report establishes ... Read More
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Charge Cards in Brazil
... a fundamental factor hindering charge cards from achieving more substantial success in Brazil – the inherent concept of charge cards. Despite their similarity to credit cards, charge cards lack the feature of revolving credit, a ... Read More
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