Credit Card Business Research Company Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026
LONDON, GEATER LONDON, UK, April 11, 2022 /EINPresswire.com/ – According to the 2022 Global Credit Card Market Report – Market Size, Trends and Global Forecast 2022-2026 published by The Business Research Company, the size of the credit card market is expected to increase from $ 99.08 billion in 2021 to $ 101.98 billion 2022 with a compound annual growth rate (CAGR) of 2.9%. The size of the global credit card market is expected to grow to $ 106.67 billion in 2026 with a CAGR of 1.1%. The growing demand for credit cards is expected to fuel the growth of the credit card market during the forecast period.
Want to know more about the growing credit card market? Request a sample now:
The purchase of credit cards consists of sales of credit card services by entities (organizations, sole proprietors and partnerships) that deal with the storage, processing and transmission of payment card data. Credit cards are payment cards issued by banks and financial institutions that can be used to lend funds. Credit cards are mainly used for short-term financing of consumer goods and services. The credit line is pre-determined according to the borrower’s creditworthiness and credit card holders are charged interest each month by the credit card provider. Only goods and services that are traded between entities or sold to final consumers are included.
Global Credit Card Market Trends
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.
Credit card global market segments
The global credit card market is segmented:
By Type: Reward Card, Credit Card, Travel Credit Card, Balance Transfer Card, Other
By card type: Base, Signature, Platinum
From service provider: Visa, Mastercard, RuPay, Others
By geography: The global credit card market is divided into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific has the largest share.
Read more about the Global Credit Card Market Report at:
The Credit Card World Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the credit card market, analyzes and predicts the size and growth of the global credit card market, the credit card market share , credit card market segments and geographies, trends, credit card market players, top competitors’ revenue, profiles and market shares. Credit card market reporting identifies top countries and sectors for opportunities and strategies based on market trends and key competitor approaches.
TBRC Credit Card World Market Report 2022 includes information on the following:
Data segmentation: Market size, global, by region and country, history and forecast and growth rates for 60 geographies
Key market players: Citibank, American Express Company, Mastercard Incorporated, Visa Inc., JPMorgan Chase & Co., Mango Financial Inc., BBVA Compass Bancshares Inc, Total System Services Inc, The PNC Financial Services Group Inc. and Capital One Financial Company.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
And so much more.
Are you looking for something else? The following is a list of similar reports from The Business Research Company:
Cards & Payments 2022 World Market Report
World Card Report 2022
Cards Market Exhibition 2022
About the Business Research Company
The Business Research Company has published more than 1000 industry reports, covering more than 2500 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and exclusive information from interviews with industry leaders. The reports are updated with a detailed analysis of the effects of COVID-19 in various markets.
Take a look at ours: