Credit card

Global Credit Card Market Report 2022, with Key Player Profiles Citibank, Visa, Mastercard, American Express, JP Morgan Chase and Wells Fargo – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Credit Card Global Market Report 2022” has been added to from ResearchAndMarkets.com offer.

The global credit card market is expected to grow from $99.08 billion in 2021 to $101.98 billion in 2022 at a compound annual growth rate (CAGR) of 2.9%. The market is expected to reach $106.67 billion in 2026 at a compound annual growth rate (CAGR) of 1.1%.

Asia Pacific was the largest credit card market region in 2021. Western Europe was the second largest credit card market region. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Rising demand for credit cards is expected to fuel the growth of the credit card market over the forecast period. Rising demand for consumer credit and the benefits offered by credit cards are driving individuals to use credit cards. According to TransUnion CIBIL Limited, an India-based credit information company, credit card debt and number of accounts increased by 40.7% and 29.8% respectively with 44.5 million cards in circulation in 2019. Therefore, the growing demand for credit cards is driving growth. of the credit card market.

Growing technological innovation is a key trend that is gaining popularity in the credit card market. Large companies are focusing on offering digital prepaid card services in emerging economies to attract a large consumer base for a prepaid credit card. For example, in June 2020, in collaboration with the Mastercard alliance, Grab Holdings, Inc., a multinational ride-sharing company based in Singapore, launched a new card to facilitate cashless payments in the Philippines. With the card linked to Grab’s prepaid wallet, which includes 53 million global merchants accepting Mastercard, users can pay for anything online.

Report scope

Covered markets:

  • By type: reward card; Manufacturer’s credit card; travel credit card; Balance transfer card; Other types

  • By card type: Base; Signature; Platinum

  • By service provider: Visa; Matercard; Roupay; Other Service Providers

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; UNITED STATES

Regions: Asia Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five-year history and ten-year forecast.

Data: Ratios of market size and growth to related markets, proportions of GDP, expenditure per capita,

Data segmentation: historical and forecast national and regional data, competitor market share, market segments.

Companies cited

  • Citibank

  • American Express Company

  • Mastercard Incorporated

  • visa inc.

  • JPMorgan Chase & Co.

  • Mango Financial Inc.

  • BBVA Compass Bancshares Inc.

  • Total System Services Inc.

  • PNC Financial Services Group Inc.

  • Capital One Financial Corporation

  • The Bank of America Corporation

  • Wells Fargo

  • Discover the Bank

  • HDFC Bank Ltd.

  • SBI Card and Payment Services Limited

  • ICICI Bank Limited

  • Axis Bank Limited

  • Bank of Baroda

For more information about this report visit https://www.researchandmarkets.com/r/pymvop

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