Global Cards Market Outlook, Opportunities And Strategies | Including Citibank, Mastercard Incorporated, The American Express Company
Learn about the global cards market through The Business Research Company, which provides information on cards market size, cards market drivers and restraints, cards market players, the COVID-19 impact on the cards market, and more.
The global cards market size is expected to grow from $251.33 billion in 2021 to $275.5 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The global card market size is expected to grow to $399.15 billion in 2026 at a CAGR of 9.7%.
The rising demand for credit cards is expected to fuel the growth of the cards market in the forecast period.
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The cards market consists of sales of cards services by entities (organizations, sole traders, and partnerships) that are engaged in storing, processing, and transmitting payment card data. This market covers issuing and acquiring banks, card processing, issuing companies, and others. Revenue generated from the cards market includes all processing and service fees levied by banks and financial institutions for processing card-based payments. It excludes interest charged by banks on payment cards.
Global cards market segments include:
By Type: General Purpose, Private Label
By Usage: General Purpose Re-Loadable Card, Government Benefit/Disbursement Card, Payroll Card, Others
By End-User: Retail Establishments, Corporate Institutions, Government, Financial Institutions, Others
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 cards market in 2021.
The growing technological innovations are gaining popularity in the cards market over recent years. Major corporations are concentrating on offering digital prepaid card services in emerging economies to attract a large consumer base for prepaid credit cards.
TBRC’s cards market report covers:
Major Market Players: Citibank, Mastercard Incorporated, The American Express Company, Visa Inc., JPMorgan Chase & Co, Kaiku Finance LLC, Mango Financial Inc, Green Dot Corporation, NetSpend Holdings, and PayPal Holdings.
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 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 market overviews, analyzes and forecasts market size, share, cards market players, cards market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s cards market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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