The hike in credit cards started in the first half of 2016, due to the shortage of foreign currency in the market. In early 2016, some individuals and businesses found credit cards a good way to pay their foreign currency transactions. This was because they lacked access to foreign currency and banks’ exchange rates were much better than the informal market rate. However, this scheme was soon stopped by CBE, which placed strict limits on foreign currency transactions on all cards in the market.
Euromonitor International's Credit Card Transactions in Egypt report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Credit Card Transactions, Personal Credit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
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Get a detailed picture of the Credit Card Transactions market;
Pinpoint growth sectors and identify factors driving change;
Understand the competitive environment, the market’s major players and leading brands;
Use five-year forecasts to assess how the market is predicted to develop.
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