Financial Services

Global Charge Card Market Overview And Prospects

December 10, 2021 by The Business Research Company

Learn about the global charge card market through The Business Research Company, which provides information on charge card market size, charge card market drivers and restraints, charge card market players, the COVID-19 impact on the charge card market, and more.

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The global charge card market is expected to grow from $1.92 billion in 2020 to $1.98 billion in 2021 at a compound annual growth rate (CAGR) of 3.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The charge card market is expected to reach $2.05 billion in 2025 at a CAGR of 0.9%.

No pre-set spending limit and greater flexibility in spending is expected to drive innovation in charge card manufacturing, thus driving the market during the forecast period.

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The charge card market consists of sales of charge card services by entities (organizations, sole traders, and partnerships) that are engaged in storing, processing, and transmitting payment card data. Charge cards are similar to credit cards but do not have a preset credit limit. Cardholders are not charged any interest and are required to pay the outstanding balance in full upon receiving a statement. Only goods and services traded between entities or sold to end consumers are included.

Global charge card market segments include:

By Type: Gold Card, Platinum Card, Plum Card, Business Gold Card, Business Platinum Card, Others

By Institution Type: Banking Institutions, Non-Banking Institutions

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

TBRC’s charge card market report covers:

Major Market Players: American Express, Diners Club, Coutts Silk.

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, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Charge Card Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides charge card market overviews, analyzes and forecasts market size, share, charge card market players, charge card market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s charge card market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Mobile Payment Technologies Global Market Report 2021

Payments Global Market Report 2021

Cards And Payments Market

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