The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global credit card issuance services market is poised for robust expansion, with projections soaring from $437.25 billion in 2022 to $478.09 billion in 2023, boasting a compound annual growth rate (CAGR) of 9.3%. By 2027, the market is anticipated to reach $660.81 billion, with a CAGR of 8.4%. This surge is underpinned by the escalating demand for credit cards, reflecting changing consumer preferences and financial behaviors. Let’s explore the key drivers, major players, and the tech trends steering the growth of this dynamic market.

1. Riding the Credit Wave: The Rise in Credit Card Demand:

• The credit card issuance services market is propelled by the increasing demand for credit cards worldwide.
• Credit cards serve as versatile credit products, allowing users to access pre-approved loans up to specified credit limits.
• Credit card issuers play a pivotal role in processing transactions, managing approved purchases, and handling chargeback requests.
• Notably, in Q4 2022, the USA witnessed a substantial increase in credit card balances, reaching $986 billion, surpassing pre-pandemic levels and signaling a surge in demand.

2. Industry Titans: Major Players in the Credit Card Issuance Services Market:

• Key players shaping the credit card issuance services market include JPMorgan Chase & Co., Bank of America Corporation, Citigroup Inc., American Express Company, and many others.
• These major players contribute to market dynamics, innovation, and competition, defining the landscape of credit card issuance services globally.

3. Tech Revolution: Technological Advancements in Credit Card Issuance:

• Technological advancements emerge as a prominent trend, with companies focusing on innovation to maintain their market position.
• Marqeta Inc., a US-based modern card issuing platform, introduced a groundbreaking API-driven credit card issuing platform in February 2021.
• This platform enables innovators to launch next-generation credit card programs with customizable features, offering real-time adjustments to rewards, APR, and credit lines.
• Collaborations like Marqeta’s with Deserve Inc., a mobile-first credit card platform, promise further innovation in the credit sector, enhancing consumer card experiences.

4. Market Segmentation: Unveiling the Dimensions of Credit Card Issuance Services:

• a) By Type:
• Consumer Credit Cards
• Business Credit Cards

1. b) By Issuers:

• Banks
• Credit Unions
• Non-Banking Financial Companies

1. c) By End-User:

• Personal
• Business

5. Regional Dynamics:

• North America takes the lead as the largest region in the credit card issuance services market in 2022, reflecting the region’s mature and dynamic financial landscape.

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The Credit Card Issuance Services Global Market Report 2023  provides an overview of the credit card issuance services market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The credit card issuance services market forecast analyzes credit card issuance services market size, credit card issuance services market share, leading competitor and their market positions.

The Table Of Content For The Credit Card Issuance Services Market Include:
1. Credit Card Issuance Services Market Executive Summary
2. Credit Card Issuance Services Market Segments
3. Credit Card Issuance Services Market Size And Credit Card Issuance Services Market Growth Rate
4. Key Credit Card Issuance Services Market Trends
5. Major Credit Card Issuance Services Market Drivers
……
25. Key Mergers And Acquisitions In The Credit Card Issuance Services Market
26. Top Credit Card Issuance Services Companies
27. Credit Card Issuance Services Market Opportunities And Strategies
28. Credit Card Issuance Services Market, Conclusions And Recommendations
29. Appendix

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