2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Primary Drivers Are Supporting the Continued Market Growth of theCards & Payments Market?

The cards and payments sector is projected to be boosted by the burgeoning e-commerce industry. This field entails the purchase and sale of commodities and services via the internet, with cards and payments forming its crucial support system. They offer the essential groundwork that allows businesses to execute transactions virtually. For example, the United States Census Bureau, a governmental agency in the US, reported that the estimation for e-commerce in the second quarter of 2023 increased by 7.5% (or 1.4%), a jump from the second quarter of 2022. Additionally, total retail sales went up by 0.6% (or 0.4%). Digital stores accounted for 15.4% of all sales made in the second quarter of 2023. Consequently, the surge in the e-commerce sector is acting as a driving force for the cards and payments industry.

Get Your Free Sample Report Now – Explore Exclusive Market Insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=3576&type=smp

#What Long-Term Growth Rate is Expected for theCards & Payments Market Between 2025 and 2034?

There has been a significant expansion in the cards & payments market size in recent years. It is predicted to escalate from $1040.5 billion in 2024 to $1131.61 billion a year later, with a compound annual growth rate (CAGR) of 8.8%. This upward trend during the historical period can be linked to the advent of digital payment systems, the introduction of credit and debit cards, the increase in globalization and cross-border transactions, the consumer’s inclination towards online purchasing, and improved security protocols.

The market size of cards & payments is projected to witness robust expansion in the upcoming years and is anticipated to escalate to $1583.7 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.8%. The projected growth during the forecast period is linked to the proliferation of mobile payments, an increase in open banking initiatives, ongoing boom in e-commerce, regulatory evolutions, and sustainability in payments. Some of the prominent trends expected during the forecast period encompass the surge in contactless payments, the rise in digital wallet usage, integration of cryptocurrency, biometric verification, and an increase in subscription and recurring payments.

You can Directly Purchase the Report Here:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3576

How Are Consumer Market Innovations Shaping the Current and Future Landscape of theCards & Payments Market?

Prominent corporations in the cards and payments sector are integrating modern products like fresh digital checking accounts and debit cards to consolidate their market footing. These digital banking solutions are renowned for online access, superior security provisions, digital tool compatibility, and personalized user adjustment. For instance, Experian PLC, an Irish firm specializing in data analytics and credit score reporting, rolled out a new smart money digital checking account and debit card in October 2023. The account incorporates Experian Boost, a mechanism capable of lifting the user’s FICO score and registers payments eligible for Experian Boost, thus enriching the user’s credit profile. The Experian Smart Money Digital Checking Account is tailored for customers looking for a potent financial platform for enhancing their credit status and overall financial wellness through exclusive benefits.

Who Are the Key Market Players Influencing the Growth of the Corn and Cards & Payments Industry?

Major companies operating in the cards & payments market include Apple Inc., China Construction Bank Corporation (CCB), Industrial and Commercial Bank of China Limited (ICBC), Banco Santander S.A., American Express Company, Visa Inc., PayPal Holdings Inc., Mastercard Incorporated, Intesa Sanpaolo S.p.A., Fiserv Inc, Franchise Payments Network Inc., Global Payments Inc, Concardis AG, Total Pay Solutions Inc., AffiniPay Corp., BlueSnap Inc, BillGO Inc., nCourt Inc., Versapay Corp., PayProTec Inc., Spreedly Inc., New West Technologies Inc., International Payout Systems Inc, Pivot Payables Corporation

Order Your Report Now For A Swift Delivery:

https://www.thebusinessresearchcompany.com/report/cards-and-payments-global-market-report

Which Key Market Segments Comprise the Cards & Payments Market and Drive Its Revenue Growth?

The cards & payments market covered in this report is segmented –

1) By Type: Cards, Payments

2) By Institution Type: Banking Institutions, Non-Banking Institutions

3) By Application: Food And Groceries, Health And Pharmacy, Restaurants And Bars, Consumer Electronics, Media And Entertainment, Travel And Tourism, Other Applications

Subsegments:

1) By Cards: Credit Cards, Debit Cards, Prepaid Cards, Charge Cards, Virtual Cards

2) By Payments: Digital Payments, Mobile Payments, Contactless Payments, E-commerce Payments, Cross-Border Payments

Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!

https://www.thebusinessresearchcompany.com/customise?id=3576&type=smp

Which Regions Are Emerging as Leaders in the Cards & Payments Market?

Asia-Pacific was the largest region in the cards and payments market in 2024. Western Europe was the second largest region in the card and payments market. The regions covered in the cards & payments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Reports Similar to the Global Cards & Payments Market 2025, By The Business Research Company:

Cards And Payments Global Market Opportunities And Strategies To 2033

https://www.thebusinessresearchcompany.com/report/cards-and-payments-market

Contactless Payment Terminals Global Market Report 2022

https://www.thebusinessresearchcompany.com/report/contactless-payment-terminals-global-market-report

Prepaid Card Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/prepaid-card-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: