Category: Credit Cards
Credit Cards market research reports by Euromonitor International
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Charge Cards in the United Kingdom
Charge Cards in the United Kingdom Charge card usage in the UK increased in volume and value terms in 2022 and 2023 as a result of consumers turning to different credit options to navigate the cost-of-living crisis. However, as the economy has stabilised, with inflation falling to 2% in May 2024, ch ... Read More
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Store Cards in Japan
Store Cards in Japan In Japan, store cards are commonly known as Gaisho cards. Gaisho represents a unique business model, predominantly seen in department stores, akin to direct selling. Gaisho staff are seasoned professionals with exceptional skills and experience who regularly visit customers’ hom ... Read More
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Financial Cards and Payments in Japan
Financial Cards and Payments in Japan The broader trend in financial cards and payments in Japan shows a decline in cash usage and a rise in usage of financial cards, with no signs of reversal. In terms of financial cards, both debit cards, which minimise worries of overspending, and credit cards, w ... Read More
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Consumer Credit in Australia
Consumer Credit in Australia Gross lending of consumer credit in Australia, which does not include mortgages/housing, is growing in 2024, albeit more slowly compared to the 5% increase recorded the previous year. Gross lending is growing across most categories, apart from card lending. In particular ... Read More
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Pre-Paid Cards in Japan
Pre-Paid Cards in Japan East Japan Railway Company (JR East), being at the core of the nationwide transportation IC card, as a pioneer in this space, is expected to remain the top player in terms of pre-paid card transaction value by issuer and operator in Japan in 2024. The company is making moves ... Read More
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Consumer Credit in Japan
Consumer Credit in Japan Buy Now Pay Later (BNPL) services, which are unregulated in Japan, are quickly gaining popularity due to their convenience, flexibility, and the absence of credit checks. These benefits especially appeal to the country’s younger generation, who often do not have credit cards ... Read More
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Credit Cards in Japan
Credit Cards in Japan Credit card remains the leading method of cashless payment in Japan, accounting for the majority of transaction volumes and value. Although rising from a lower base than personal credit cards, commercial credit cards is set to see stronger growth in transaction values in 2024, ... Read More
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Financial Cards and Payments in Australia
Financial Cards and Payments in Australia The payments landscape in Australia has not witnessed many significant shifts in 2024, with key consumer trends from the previous year continuing. The majority of consumers are still making their payments using debit cards, although value growth via this pay ... Read More
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Charge Cards in Australia
Charge Cards in Australia Charge cards in Australia is experiencing a strong 2024, with growth in both the number and value of transactions made using commercial and personal charge cards. Charge cards target more affluent individuals or corporations, so spend per transaction tends to be higher. It ... Read More
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Credit Cards in Australia
Credit Cards in Australia The number of personal credit cards in circulation in Australia was on a downward trend at the beginning of the review period as consumers reduced their use of credit for purchases and elected to use Buy Now Pay Later (BNPL) services when wanting to make a delayed payment o ... Read More
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Pre-Paid Cards in Australia
Pre-Paid Cards in Australia Many consumers use closed loop pre-paid cards in Australia to access public transportation, such as Myki in Victoria and Go Card in Queensland. For many commuters, using these cards is the only way to access transportation with the rollout of debit card payments being inc ... Read More
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Store Cards in Australia
Store Cards in Australia The number of store cards in Australia continues to decline in 2024, while the category’s value growth is marginal, with the number of transactions remaining below pre-pandemic levels. This performance is reflective of its lost appeal in the current dynamic payment landscape ... Read More
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Financial Cards and Payments in China
Financial Cards and Payments in China In 2024, the Chinese economy has continued to be characterised by economic slowdown and a deflationary spiral. Many consumers have been holding off on discretionary spending and investment, as they expect the prices of goods and services to fall in the future. B ... Read More
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Credit Cards in China
Credit Cards in China Credit cards in China is expected to continue to experience contraction in 2024 in terms of both cards in circulation and volume and current value transactions. The reduction in the number of cards in circulation is mainly affected by ongoing government efforts to clean up “sle ... Read More
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Pre-Paid Cards in China
Pre-Paid Cards in China Pre-paid cards in China is expected to see slight growth in 2024 in terms of cards in circulation and volume and current value transactions. This momentum will mainly be supported by the continued rebound of closed loop pre-paid cards by all measures, as travel and commuting ... Read More
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Consumer Credit in Hong Kong, China
Consumer Credit in Hong Kong, China Despite a sluggish economic outlook, Hong Kong residents have exhibited a robust appetite for borrowing. Following the relaxation of COVID-19 restrictions, there was a surge in pent-up demand for travel, dining, and entertainment. This led to increased spending, o ... Read More
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Pre-Paid Cards in Singapore
Pre-Paid Cards in Singapore In 2024, pre-paid cards in Singapore is expected to continue to see gradual growth. Open loop pre-paid cards is set to gain traction due to the broader acceptance and enhanced functionality of such cards across multiple payment scenarios. These cards are increasingly bein ... Read More
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Charge Cards in Singapore
Charge Cards in Singapore Credit cards and debit cards continue to dominate the card payments landscape in Singapore, with charge cards lagging far behind in terms of volume and current value transactions, and set to see only low growth in 2024. The primary reason for this is the limited merchant ac ... Read More
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Financial Cards and Payments in Singapore
Financial Cards and Payments in Singapore Card payment transactions in Singapore are expected to grow significantly in current value and volume terms in 2024. Singapore’s transition toward a cashless society has continued to accelerate in 2024, underpinned by economic growth and strong consumer spen ... Read More
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Credit Cards in Singapore
Credit Cards in Singapore The strong recovery of Singapore’s tourism industry in 2024 is set to have a significant positive impact on credit card transaction volumes and current value transactions. International visitor arrivals are projected to reach 15-16 million in 2024, with tourism receipts est ... Read More
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Pre-Paid Cards in Hong Kong, China
Pre-Paid Cards in Hong Kong, China Pre-paid cards in Hong Kong continues to be mainly driven by the open loop format, with number of transactions, number of cards issued, and value transactions of the latter all continuing to rise in 2024. This is in contrast to the niche of closed loop pre-paid car ... Read More
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Financial Cards and Payments in Hong Kong, China
Financial Cards and Payments in Hong Kong, China The financial cards and payments landscape in Hong Kong is mature, yet debit cards still lag behind credit cards in terms of number of transactions and overall value, despite the higher number of debit cards in circulation. Credit cards dominates valu ... Read More
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Charge Cards in Hong Kong, China
Charge Cards in Hong Kong, China High net worth individuals (HNWIs) in Hong Kong plan to spend an average of HKD870,000 (approximately USD111,000) for travelling, according to a study by Standard Chartered Bank. Many of these high-spending individuals tend to prioritise the quality of their travel e ... Read More
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Credit Cards in Hong Kong, China
Credit Cards in Hong Kong, China Since existing credit cards can already meet consumption needs, demand among Hong Kong’s citizens for new credit cards remains sluggish. However, growing credit card balances indicate that consumers are actively using their existing credit cards, and financial instit ... Read More
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Consumer Credit in Singapore
Consumer Credit in Singapore In 2024, Singapore’s consumer credit landscape reflects a combination of macroeconomic conditions and consumer behaviour, with card lending, for instance, set to see a subdued pace of growth compared with the post-pandemic surge seen in previous years. Euromonitor Intern ... Read More
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