|
|
 |
|
Viewing report
|
|
|
|
UK Plastic Cards: Outlook to 2010
Datamonitor, June 2009, Pages: 43
With the recent dramatic developments in the global economy the UK card market is going to go through a severe shake up in 2009 and 2010. This report offers an insight into what shape these changes will take, and the impact on the cards industry through to 2010. By using the most up to date market indicators this report highlights what will be the key influencers in a challenging environment.
Scope
- Part of the UK Plastic Cards series this report provides insight into what impact the recession will have on the cards market
- Using the latest figures, the report focuses on the likely impact from the rise in unemployment on write-offs and repayments
- Other key indicators covered in this report include rising rates of household debt, and consumer shifts to recessionary behaviour
- By using the latest available market data the report offers concrete signs of the early impact of the downturn, and likely future outcomes
Highlights of this title
With rising levels of unemployment the UK cards market is faced with a ticking time bomb. Despite a stagnating economy, the UK credit card market remained buoyant until unemployment began to rise. With unemployment estimated at 2.2m and rising this will impact at all levels of the cards market as balances rise and card write-offs increase.
Levels of household consumer debt have risen to problem levels during recent years, despite an economic boom. Now faced with a worsening climate, many consumers already on the brink of insolvency will be pushed over the edge. Even for non-insolvent cardholders, balances are growing while repayment rates decline to problem levels for issuers.
Consumer behaviour is changing faster than the rate of economic slowdown. Spending levels, and transaction values began to fall before the full impact of the downturn was felt by consumers. Now that consumers are feeling real hardship spending levels will continue to decrease as consumer confidence remains low.
Key reasons to purchase this title
- Understand the dramatic changes affecting the cards industry, with the latest available market data providing real world insight
- Learn what are the key factors that will shape the UK cards market through the downturn and the likely shape of the market in the future
- Develop strategies for dealing with the impact of the global downturn by having an accurate account of what is happening now
Customers who bought this item also bought
UK Plastic Cards: Outlook to 2011
Sizing and Forecasting the UK Plastic Card Market
Australian Payment Cards: Review of 2011 and Outlook to 2013
UK Plastic Cards 2010
Debit Cards - Global Strategic Business Report
UK Plastic Cards 2009
UK Personal Lending 2010: UK Consumer Credit Market in 2009 and Future Outlook
Debit Cards as Profit Drivers - 4th Edition
Competitor Market Shares and Developments in the UK Payment Card Market
Payment Cards in India
|
|
|
|
