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Financial Cards and Payments in the US

  • PDF Icon

    Report

  • 63 Pages
  • October 2021
  • Region: United States
  • Euromonitor International
  • ID: 1203404
Although COVID-19 continued to dominate many aspects of consumers’ daily lives in the US throughout 2021, the payments landscape did show signs of reverting to pre-pandemic patterns. With the vaccine made available to all who wanted it in the first half of the year, much of the US returned to a degree of normality, although optimism was tempered in the summer by the swift spread of the Delta variant, which spiked cases of COVID-19 to levels not seen since the beginning of the year.

The publisher's Financial Cards and Payments in USA report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Financial Cards and Payments market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

EXECUTIVE SUMMARY
  • Financial cards and payments in 2021: The big picture
  • Buy now, pay later services take off
  • American Rescue Plan Act provides further economic stimulus
  • The digitisation of payments is here to stay
  • Competition emerges between credit card companies and buy now, pay later players
  • What next for financial cards and payments?

MARKET INDICATORS
  • Table 1 Number of POS Terminals: Units 2016-2021
  • Table 2 Number of ATMs: Units 2016-2021
  • Table 3 Value Lost to Fraud 2016-2021
  • Table 4 Card Expenditure by Location 2021
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
  • Table 6 Domestic versus Foreign Spend 2021

MARKET DATA
  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2016-2021
  • Table 8 Financial Cards by Category: Number of Accounts 2016-2021
  • Table 9 Financial Cards Transactions by Category: Value 2016-2021
  • Table 10 Financial Cards by Category: Number of Transactions 2016-2021
  • Table 11 Consumer Payments by Category: Value 2016-2021
  • Table 12 Consumer Payments by Category: Number of Transactions 2016-2021
  • Table 13 M-Commerce by Category: Value 2016-2021
  • Table 14 M-Commerce by Category: % Value Growth 2016-2021
  • Table 15 Financial Cards: Number of Cards by Issuer 2016-2020
  • Table 16 Financial Cards: Number of Cards by Operator 2016-2020
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2021-2026
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2021-2026
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2021-2026
  • Table 23 Forecast Consumer Payments by Category: Value 2021-2026
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
  • Table 25 Forecast M-Commerce by Category: Value 2021-2026
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2021-2026

DISCLAIMER
SOURCES
  • Summary 1 Research Sources

DEBIT CARDS IN THE USKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Debit cards maintains solid growth in 2021
  • Pressure grows on banks to ditch overdraft fees
  • Fight ahead for Visa and Mastercard on debit card fees

PROSPECTS AND OPPORTUNITIES
  • Debit card payment growth will slow as credit card spending recovers
  • Debit card usage continues the march towards cashless
  • Affirm announces launch of first buy now, pay later debit card

CATEGORY DATA
  • Table 27 Debit Cards: Number of Cards in Circulation 2016-2021
  • Table 28 Debit Cards Transactions 2016-2021
  • Table 29 Debit Cards in Circulation: % Growth 2016-2021
  • Table 30 Debit Cards Transactions: % Growth 2016-2021
  • Table 31 Debit Cards: Number of Cards by Issuer 2016-2020
  • Table 32 Debit Cards: Number of Cards by Operator 2016-2020
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 34 Debit Cards Payment Transaction Value by Operator 2016-2020
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
  • Table 36 Forecast Debit Cards Transactions 2021-2026
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2021-2026
  • Table 38 Forecast Debit Cards Transactions: % Growth 2021-2026

CREDIT CARDS IN THE USKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Credit card spending trends upwards
  • Credit card balances remain low
  • Credit card rewards swing back towards travel

PROSPECTS AND OPPORTUNITIES
  • Buy now, pay later poses an increasing threat to traditional credit card operators
  • Issuers aim to expand credit accessibility to underserved consumers
  • Cardless reimagines credit card rewards via personalisation

CATEGORY DATA
  • Table 39 Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 40 Credit Cards Transactions 2016-2021
  • Table 41 Credit Cards in Circulation: % Growth 2016-2021
  • Table 42 Credit Cards Transactions: % Growth 2016-2021
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 44 Commercial Credit Cards Transactions 2016-2021
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2016-2021
  • Table 46 Commercial Credit Cards Transactions: % Growth 2016-2021
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 48 Personal Credit Cards Transactions 2016-2021
  • Table 49 Personal Credit Cards in Circulation: % Growth 2016-2021
  • Table 50 Personal Credit Cards Transactions: % Growth 2016-2021
  • Table 51 Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 52 Credit Cards: Number of Cards by Operator 2016-2020
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 54 Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2016-2020
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2016-2020
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 64 Forecast Credit Cards Transactions 2021-2026
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2021-2026
  • Table 66 Forecast Credit Cards Transactions: % Growth 2021-2026
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 68 Forecast Commercial Credit Cards Transactions 2021-2026
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 72 Forecast Personal Credit Cards Transactions 2021-2026
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2021-2026

CHARGE CARDS IN THE USKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Charge cards shows signs of recovery
  • American Express invests further in supporting small businesses
  • American Express joins the buy now, pay later trend

PROSPECTS AND OPPORTUNITIES
  • Surge in spending by high-income consumers will help drive recovery
  • The war of the ultra-premium cards continues, with revamped benefits
  • Ramp finds success in helping businesses save

CATEGORY DATA
  • Table 75 Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 76 Charge Cards Transactions 2016-2021
  • Table 77 Charge Cards in Circulation: % Growth 2016-2021
  • Table 78 Charge Cards Transactions: % Growth 2016-2021
  • Table 79 Commercial Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 80 Commercial Charge Cards Transactions 2016-2021
  • Table 81 Commercial Charge Cards in Circulation: % Growth 2016-2021
  • Table 82 Commercial Charge Cards Transactions: % Growth 2016-2021
  • Table 83 Personal Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 84 Personal Charge Cards Transactions 2016-2021
  • Table 85 Personal Charge Cards in Circulation: % Growth 2016-2021
  • Table 86 Personal Charge Cards Transactions: % Growth 2016-2021
  • Table 87 Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 88 Charge Cards: Number of Cards by Operator 2016-2020
  • Table 89 Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 90 Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 91 Commercial Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 92 Commercial Charge Cards: Number of Cards by Operator 2016-2020
  • Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 95 Personal Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 96 Personal Charge Cards: Number of Cards by Operator 2016-2020
  • Table 97 Personal Charge Cards Transaction Value by Issuer 2016-2020
  • Table 98 Personal Charge Cards Transaction Value by Operator 2016-2020
  • Table 99 Forecast Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 100 Forecast Charge Cards Transactions 2021-2026
  • Table 101 Forecast Charge Cards in Circulation: % Growth 2021-2026
  • Table 102 Forecast Charge Cards Transactions: % Growth 2021-2026
  • Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 104 Forecast Commercial Charge Cards Transactions 2021-2026
  • Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2021-2026
  • Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2021-2026
  • Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 108 Forecast Personal Charge Cards Transactions 2021-2026
  • Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2021-2026
  • Table 110 Forecast Personal Charge Cards Transactions: % Growth 2021-2026

PRE-PAID CARDS IN THE USKEY DATA FINDINGS
2021 DEVELOPMENTS
  • American Rescue Act stimulus payments boost value of open-loop pre-paid cards
  • Use of transportation closed-loop pre-paid cards begins to recover
  • Pre-paid cards used as an incentive to get vaccinated

PROSPECTS AND OPPORTUNITIES
  • Pre-paid cards from payment apps
  • Pre-paid cards provide a bridge for the unbanked
  • New York City’s public transit system completes transition to contactless payments

CATEGORY DATA
  • Table 111 Pre-paid Cards: Number of Cards in Circulation 2016-2021
  • Table 112 Pre-paid Cards Transactions 2016-2021
  • Table 113 Pre-paid Cards in Circulation: % Growth 2016-2021
  • Table 114 Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 115 Closed Loop Pre-paid Cards Transactions 2016-2021
  • Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 117 Open Loop Pre-paid Cards Transactions 2016-2021
  • Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 119 Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 120 Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 121 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 122 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 123 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
  • Table 124 Forecast Pre-paid Cards Transactions 2021-2026
  • Table 125 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
  • Table 126 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 127 Forecast Closed Loop Pre-paid Cards Transactions 2021-2026
  • Table 128 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 129 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
  • Table 130 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026

STORE CARDS IN THE USKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Store cards boosted by reopening of bricks-and-mortar retail
  • Issuers increasingly at the mercy of a shifting retail landscape
  • Home improvement spending boosts store card sales

PROSPECTS AND OPPORTUNITIES
  • Opportunities to tie digital channels with store rewards programmes
  • As credit card reward categories normalise, store cards could benefit
  • Walgreens launches a store card rewarding health and wellness

CATEGORY DATA
  • Table 131 Store Cards: Number of Cards in Circulation 2016-2021
  • Table 132 Store Cards Transactions 2016-2021
  • Table 133 Store Cards in Circulation: % Growth 2016-2021
  • Table 134 Store Cards Transactions: % Growth 2016-2021
  • Table 135 Store Cards: Number of Cards by Issuer 2016-2020
  • Table 136 Store Cards: Payment Transaction Value by Issuer 2016-2020
  • Table 137 Forecast Store Cards: Number of Cards in Circulation 2021-2026
  • Table 138 Forecast Store Cards Transactions 2021-2026
  • Table 139 Forecast Store Cards in Circulation: % Growth 2021-2026
  • Table 140 Forecast Store Cards Transactions: % Growth 2021-2026