Global Cards & Payments Market Size, Forecasts, And Opportunities
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.
The global cards and payments market size is expected to grow from $763.2 billion in 2021 to $847.56 billion in 2022 at a compound annual growth rate (CAGR) of 11.1%. The global card and payment market is then expected to grow to $1,269.23 billion in 2026 at a CAGR of 10.6%.
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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
By Application: Food and Groceries, Health and Pharmacy, Restaurants and Bars, Consumer Electronics, Media and Entertainment, Travel and Tourism, Others
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 and payments market in 2021.
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. To combat the constantly evolving card fraud methods, the National Retail Federation (NRF) also updates its security guidelines continuously.
TBRC’s cards & payments market report covers:
Major Market Players: American Express, Banco Santander, Visa, PayPal, MasterCard, Nippon Telegraph And Telephone Corp, Industrial and Commercial Bank of China, Apple, China Construction Bank, and Intesa Sanpaolo.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Cards & Payments Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides cards & payments market overviews, analyzes 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.
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