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

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The global cards & payments market size is expected to grow from $671.73 billion in 2020 to $729.9 billion in 2021 at a compound annual growth rate (CAGR) of 8.7%. 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 market is expected to reach $961.34 billion in 2025 at a CAGR of 7%.

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The cards and payments market consists of sales of cards and payments services by entities (organizations, sole traders and partnerships) that are engaged in storing, processing and transmitting payment card data.

Global Cards & Payments Market Segments Include:
By Type: Cards, Payments
By Institution Type: Banking Institutions, Non-Banking Institutions
Subsegments Covered: Credit Card, Debit Card, Charge Card, Prepaid Card
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global cards & payments market, accounting for 33% of the market in 2020.

Cards and payments companies are investing in technologies and formulating guidelines to prevent card and payment frauds. In this regard, payment service providers and merchants have implemented various solutions including the Payment Card Industry Data Security Standard (PCI DSS) compliance, EMV technology, 3-D Secure services, tokenization, biometrics and end-to-end encryption.

TBRC’s cards and payments market report covers:

Major Market Players: American Express Company, Visa, Bank of America, PayPal, Mastercard.

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 Cards & Payments 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 cards & payments market overviews, analyses and forecasts market size, share, cards & payments market players, cards & payments market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s cards & payments 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:

Cards Global Market Report 2021

Payments Global Market Report 2021

Financial Services Global Market Report 2021

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