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The Impact of Coronavirus on Consumer Finance

  • ID: 2761926
  • Report
  • June 2020
  • Region: Global
  • 45 Pages
  • Euromonitor International
The COVID-19 pandemic has altered the traditional consumer finance and payment landscape in a short period of time, and, given its scale, the impact is likely to remain for some time. Card networks, issuers and fintech face a variety of opportunities and challenges in this evolving landscape. The transition away from cash will accelerate, benefiting cards and electronic payments, and there is the capacity to increase the overall value of consumer payments going forward.

The publisher's The Impact of coronavirus on Consumer Finance global briefing offers insight into the size and shape of the Consumer Finance market, highlights buzz topics, emerging geographies, categories and trends as well as pressing industry issues and white spaces. It identifies the leading companies and offers strategic analysis of key factors influencing the market. Forecasts provide an invaluable perspective on market evolution and the criteria for success. The briefing leverages the publisher's 360-degree coverage of the global payments’ landscape including insight on consumer debt.

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

Why buy this report?
  • Get a detailed picture of the Consumer Finance 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.
Note: Product cover images may vary from those shown
INTRODUCTION
  • Cash continues its decline
  • COVID-19’s impact across payment players
  • Key findings
ECONOMIC OUTLOOK
  • Global economy will contract sharply in 2020
  • The COVID-19 pandemic impacts both supply and demand
  • In our baseline view, the pandemic peaks in June 2020
  • Three scenarios examine the impact of a more severe outbreak
  • Our view in short
  • Forecast real GDP growth in 2020 under different scenarios
  • Fiscal stimulus a challenge with restrictions on expenditure
  • What could alleviate the economic effects of the pandemic?
  • What could exacerbate the economic impact of the pandemic?
CARD NETWORKS
  • COVID-19 presents opportunities and challenges for networks
  • Cross-border spending to drop dramatically
  • Providing additional services and products
  • Consumer card function preference to shift again
  • Making contactless the standard
CARD ISSUERS
  • Issuers better prepared than before but will still struggle
  • Providing billing flexibility
  • Non-performing loans expected to rise
  • Making rewards relevant
  • Expanding product portfolio
FINTECH
  • Fintech developing solutions to a changing retail environment
  • Bringing financial products and services to consumers
  • Moving merchants online
  • Making security a priority
  • Enhancing the purchase experience
CONCLUSION
  • Key findings
  • Uncertainty regarding the impact of COVID-19
  • Challenges and opportunities in the payment landscape
APPENDIX
  • Data parameters and report definitions
Note: Product cover images may vary from those shown
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