Category: Credit Cards
Credit Cards market research reports by Euromonitor International
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Consumer Credit in the Czech Republic
Consumer credit in the Czech Republic saw current value growth in total gross lending slow in 2024, while growth in the overall outstanding balance was only marginally stronger than in 2023. This was mainly due to reduced demand in card lending, the single largest category in gross lending terms by ... Read More
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Pre-Paid Cards in Denmark
Pre-paid cards in Denmark posted a strong performance in 2024, with a record number of cards driving transaction volumes and values to new highs. This trend aligns with broader developments in the Danish payments landscape, which is characterised by a high level of digitalisation and one of the lowe ... Read More
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Financial Cards and Payments in Asia Pacific
The use of cash continues to lose out to electronic direct/ACH and card payments in the Asia Pacific region, although paper transactions still remain important in some countries. Digital wallets continue gaining in popularity due to their convenience, with payments using them also being increasingly ... Read More
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Financial Cards and Payments in Denmark
Following a period of significant disruptions, 2024 emerged as the most stable year for financial cards and payments in Denmark in a long time. The review period was marked by major upheavals, including the COVID-19 pandemic, which temporarily altered spending and payment habits, followed by a rebou ... Read More
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Consumer Credit in Denmark
Consumer credit in Denmark in 2024 saw the continuation of trends already underway - in both gross lending and outstanding balance terms, consumer credit experienced faster growth than mortgages and housing loans. This reflects a continued preference among consumers for short-term borrowing, with co ... Read More
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Credit Cards in Denmark
The Danish credit card market enjoyed a strong year in 2024, with both transaction volumes and retail sales value continuing their strong growth trajectory. Credit card usage already surpassed pre-pandemic levels, with 2022 marking the point at which transactions volume and value exceeded 2019 figur ... Read More
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Consumer Credit in Spain
Buy Now, Pay Later (BNPL) services continue to expand in Spain in 2024. Indeed, a 2023 study by Forbes indicates that one-in-three Spanish consumers use BNPL as a payment option. For some years now, consumers and businesses alike have enjoyed the relatively regulation-free space of BNPL, however, in ... Read More
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Charge Cards in the Czech Republic
Charge cards remained a niche category in the Czech Republic in 2024, and saw volume and current value transactions shrink for a second consecutive year. Circulation numbers also contracted, which was in keeping with the negative trend observed throughout the review period. Stringent application cri ... Read More
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Pre-Paid Cards in the Czech Republic
The open loop category was the most dynamic performer within pre-paid cards in the Czech Republic in terms of growth in circulation numbers and current value transactions in 2024, and also saw volume transactions rise at a healthy pace. It remained a key beneficiary of the increasing willingness of ... Read More
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Financial Cards and Payments in the Czech Republic
Financial cards and payments in the Czech Republic posted healthy growth in total card circulation numbers and volume and current value transactions in 2024. These results reflected the well-established tendency of consumers and businesses in the country to reduce their use of cash in favour of card ... Read More
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Credit Cards in the Czech Republic
Credit cards in the Czech Republic saw growth in volume and current value transactions slow sharply in 2024. This was mainly explained by the normalisation of usage patterns, in that as inflationary pressures receded and the wider macroeconomic climate improved, households and companies became less ... Read More
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Credit Cards in Nigeria
Credit cards continued to record a steady increase in the volume of cards in circulation, mainly due to the relatively low penetration of such cards in Nigeria. Credit card transaction values saw strong growth as households battled against challenging economic conditions, with existing cardholders u ... Read More
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Financial Cards and Payments in Nigeria
As Nigeria slowly moves toward a cashless society, demand for financial cards and digital payment solutions continues to rise. The industry has benefited from government efforts to boost financial inclusion through initiatives like Afrigo, a domestic card scheme set to compete with other card operat ... Read More
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Transformative Trends in Commercial Payment Reconciliation
The commercial payment reconciliation market is evolving driven by payment firms, banks and business software vendors. Currently, the sector focuses on driving penetration of virtual products while leveraging ERP/accounting integration. Emerging technologies such as blockchain, AI will leapfrog deve ... Read More
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Pre-Paid Cards in Nigeria
The number of pre-paid cards continues to rise rapidly in Nigeria. More households are embracing these forms of payments which can enhance control over spending and help consumers avoid additional bank fees. Open loop pre-paid cards have benefitted from expansion in digital offerings which facilitat ... Read More
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Consumer Credit in Nigeria
Demand for formal consumer credit in Nigeria continues to be affected by low access to credit among households operating within the informal economy. Although the government lifted restrictions on foreign-denominated cards in 2023, the ongoing depreciation of the Naira dampened demand for foreign-de ... Read More
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Consumer Credit in Turkey
Consumer Credit in Turkey Consumer credit registered modest growth in gross lending and outstanding balances over the review period, as ongoing economic uncertainty led many consumers to retain a conservative approach towards borrowing. In 2024, there was a notable slowdown in gross lending as inter ... Read More
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Charge Cards in Greece
Charge Cards in Greece Charge cards affected by the discontinuation of personal charge cards in Greece in 2024. However, this came as no surprise, after a long period of decline. With the agreement between the major systemic bank Alpha Bank (the sole issuer) and Diners Club (the sole operator) endin ... Read More
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Credit Cards in Sweden
Credit Cards in Sweden Credit cards in Sweden faced an upbeat performance in terms of transaction growth during 2024. Credit card use picked up over the year with transactions rising well above pre-pandemic levels, reflecting higher usage among existing customers. With inflation falling over 2024, t ... Read More
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Store Cards in Sweden
Store Cards in Sweden Store cards faced weak results in Sweden over the review period and this downward trend continued in 2024. Store cards have seen a decline in the number of cards, volume of transactions and cards expenditure for several years. Even inflation, which generally boosts card transac ... Read More
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Credit Cards in Ukraine
Credit Cards in Ukraine In 2024, Ukraine’s credit card market continued to evolve amid ongoing economic challenges and the war. A gradual decline in interest rates played a pivotal role in supporting this recovery. The growing adoption of contactless payments, propelled by the expansion of supportin ... Read More
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Credit Cards in Turkey
Credit Cards in Turkey The rising number of credit cards and transactions in Turkey is primarily driven by the influx of new consumers entering the banking system and obtaining credit cards as they transition into the job market after graduation. There is also a strong correlation between inflation ... Read More
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Financial Cards and Payments in Greece
Financial Cards and Payments in Greece In the context of a stable and growing economy (after various crises), card payments continued to grow in Greece in 2024, driven by debit cards which are, by far, the dominant card type. Greece, a traditionally cash-oriented economy, has been quick to adopt car ... Read More
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Financial Cards and Payments in Turkey
Financial Cards and Payments in Turkey Financial card and payment transactions in Turkey continued to witness steady growth in 2024. Card spending strengthened as consumers switched away from cash amid greater dependability on credit cards due to rising living costs. High inflation, economic uncerta ... Read More
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Financial Cards and Payments in Colombia
Financial Cards and Payments in Colombia Financial cards and payments in Colombia performed well in 2024, with rates of growth in volume and current value transactions surpassing those recorded in 2023 and the total number of cards in circulation increasing at a solid pace. These results were partly ... Read More
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