Category: Credit Cards
Credit Cards market research reports by Euromonitor International
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Financial Cards and Payments in Malaysia
Financial Cards and Payments in Malaysia The number of financial cards in circulation in Malaysia is set to grow further in 2024, accompanied by an increase in transaction volumes. This is indicative of an ongoing shift toward a cashless society, fuelled by advancements in digital payment infrastruc ... Read More
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Consumer Credit in Taiwan
Consumer Credit in Taiwan In Taiwan, the landscape of financial services is evolving rapidly to accommodate credit novices, providing them with easier access to a range of financial products and services. Digital banks and Buy Now, Pay Later (BNPL) platforms are emerging as key players in this trans ... Read More
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Credit Cards in Taiwan
Credit Cards in Taiwan In 2024, both commercial and personal credit cards are expected to see growth, although commercial credit cards is set to see slower growth in transaction volumes and values than personal credit cards, and account for only a small share of the total. Euromonitor International' ... Read More
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Charge Cards in Taiwan
Charge Cards in Taiwan In Taiwan, charge cards are not as widespread or as popular as credit cards and other payment methods. The country predominantly relies on credit cards, debit cards, and digital wallets for everyday transactions. Historically, charge cards have been less popular in Taiwan due ... Read More
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The World Market for Payments and Lending
The World Market for Payments and Lending Financial cards are strengthening their position globally as the most popular way for consumers to pay. Paper payments have been consistently declining, due to changing consumer preferences and government efforts to increase the security and transparency of ... Read More
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Consumer Credit in the US
Consumer Credit in the US With President Biden stepping away from the US presidential election race in the summer, it is apparent that one of the lasting legacies of his single term will be a long-standing battle with student loans on behalf of consumers. For much of President Biden’s term, student ... Read More
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Financial Cards and Payments in Taiwan
Financial Cards and Payments in Taiwan Financial cards and payments in Taiwan is witnessing a transformative shift towards integrated and customer-centric financial solutions. As digital wallets gain prominence and consumer preferences continue to evolve, players in the market are adapting their str ... Read More
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Consumer Credit in Malaysia
Consumer Credit in Malaysia In 2024, Malaysia's government introduced the e-invoicing initiative, which is expected to have a significant impact on consumer credit, particularly in sectors like auto loans. Due to the phased in over the next year, the initiative requires businesses with annual revenu ... Read More
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Consumer Credit in the Philippines
Consumer Credit in the Philippines Consumer credit in the Philippines is expected to continue growing in 2024, with credit cards and various personal lending options - especially auto loans and durable goods financing - driving this expansion. Major banks, including Philippine National Bank (PNB), r ... Read More
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Store Cards in Argentina
Store Cards in Argentina As occurred throughout the review period, store cards in Argentina is set to post declines in volume transactions and circulation numbers in 2024. Consumer interest in such products has been diminishing for several years in line with the growing preference for financial card ... Read More
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Financial Cards and Payments in Argentina
Financial Cards and Payments in Argentina While financial cards and payments in Argentina has continued to expand in 2024, volume and current value transaction growth rates look set to be markedly lower than those recorded the previous year. Growth in the number of cards in circulation has also slow ... Read More
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Consumer Credit in Argentina
Consumer Credit in Argentina Card lending has remained the dominant contributor to total gross lending within consumer credit in Argentina in 2024. Its large size reflects the fact that caps imposed by the Central Bank have historically kept maximum interest rates on credit cards lower than those le ... Read More
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Pre-Paid Cards in Argentina
Pre-Paid Cards in Argentina In keeping with the trend witnessed across financial cards and payments, pre-paid cards in Argentina has seen growth in volume and current value transactions slow in 2024 amidst a sharp economic contraction. Expansion in value terms has been further constrained by the fac ... Read More
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Charge Cards in Argentina
Charge Cards in Argentina Charge cards has remained a niche area in Argentina in 2024. These types of cards have never been widely used by consumers or businesses in the country, as annual maintenance fees are high and balances typically have to be paid in full each month. Credit cards are overwhelm ... Read More
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Credit Cards in the Philippines
Credit Cards in the Philippines Credit card usage in the Philippines is being shaped by the growing need for accessible credit, in line with evolving consumer lifestyles. To meet this rising demand, banks like EastWest Bank have expanded their credit card offerings, aligning with customers' evolving ... Read More
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Financial Cards and Payments in the Philippines
Financial Cards and Payments in the Philippines The number of financial cards in circulation in the Philippines is set to increase significantly in 2024, reflecting a broader trend toward cashless transactions, with electronic payments continuing to gain ground. This trend is driven not only by the ... Read More
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Credit Cards in Argentina
Credit Cards in Argentina With sweeping reforms pursued by the Milei administration initially pushing the economy further into recession and greatly weakening purchasing power among the population, more cautious attitudes to spending mean credit cards in Argentina has seen growth in volume and curre ... Read More
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Consumer Credit in Chile
Consumer Credit in Chile Consumer credit in Chile is facing some challenges in 2024, due to overall economic uncertainty, inflation, and tight credit policies. That said, a decline in rates since late 2023 has revived credit card usage, although inflationary pressures continue to influence borrowing ... Read More
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Credit Cards in Chile
Credit Cards in Chile Credit cards in Chile is experiencing moderate growth in 2024, driven by ongoing economic recovery. While personal credit card transactions have traditionally dominated the landscape, the rise of Buy Now, Pay Later (BNPL) services pose a significant competitive challenge, espec ... Read More
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Pre-Paid Cards in Chile
Pre-Paid Cards in Chile Pre-paid cards in Chile continues a significant shift towards open loop cards in 2024, with open loop cards gaining traction due to their versatility and wide acceptance among merchants. This trend is likely to continue, positioning open loop cards as the preferred payment me ... Read More
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Financial Cards and Payments in Saudi Arabia
Financial Cards and Payments in Saudi Arabia The number of financial cards in circulation in Sadi Arabia is set to increase further in 2024, alongside growth in the number of transactions. The rise in card payments is a direct result of the Saudi government's push towards a cashless society, encoura ... Read More
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Credit Cards in Saudi Arabia
Credit Cards in Saudi Arabia Saudi Arabia is poised to witness a notable surge in credit card ownership and usage (in terms of number of transactions), throughout 2024. This growth is attributed to strategic partnerships aimed at introducing innovative credit card offerings and advanced payment solu ... Read More
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Consumer Credit in Saudi Arabia
Consumer Credit in Saudi Arabia Consumer credit in Saudi Arabia is poised for substantial growth in 2024, with education loans seeing a particularly significant increase. While education loans currently represent a relatively small share of the overall lending market, they are projected to rise cons ... Read More
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Consumer Credit in Italy
Consumer Credit in Italy Consumer credit in Italy is poised to register improved results in 2024 in terms of current value growth in gross lending and the outstanding balance. Overall demand for and availability of credit facilities have been buoyed by falling interest rates, the sustained easing of ... Read More
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Charge Cards in Saudi Arabia
Charge Cards in Saudi Arabia The number of charge cards in Saudi Arabia continues to expand, through offering users greater flexibility in purchasing power compared to traditional credit cards. Unlike credit cards, charge cards do not come with a pre-set spending limit, meaning users can access the ... Read More
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