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Cards Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5323176
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Axis Bank Limited
  • Citibank
  • Green Dot Corporation
  • JPMorgan Chase & Co
  • Mastercard Incorporated
  • The Western Union Company
Cards Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global cards market as it emerges from the COVID-19 shut down.



Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the cards ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Card market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider cards market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The cards market section of the report gives context. It compares the cards market with other segments of the cards market by size and growth, historic and forecast.
Scope

Markets Covered:

1) By Type: General Purpose; Private Label2) By Usage: General-purpose Re-loadable Card; Government Benefit/Disbursement Card; Payroll Card; Others 3) By End User: Retail Establishments; Corporate Institutions; Government; Financial Institutions; Others

Companies Mentioned: Citibank; Mastercard Incorporated; The American Express Company; Visa Inc.; JPMorgan Chase & Co

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Axis Bank Limited
  • Citibank
  • Green Dot Corporation
  • JPMorgan Chase & Co
  • Mastercard Incorporated
  • The Western Union Company
1. Executive Summary

2. Cards Market Characteristics

3. Cards Market Trends and Strategies

4. Impact of COVID-19 on Cards

5. Cards Market Size and Growth
5.1. Global Cards Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Cards Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. Cards Market Segmentation
6.1. Global Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • General Purpose
  • Private Label
6.2. Global Cards Market, Segmentation by Usage, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • General-purpose Re-loadable Card
  • Government Benefit/Disbursement Card
  • Payroll Card
  • Others
6.3. Global Cards Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Retail Establishments
  • Corporate Institutions
  • Government
  • Financial Institutions
  • Others
7. Cards Market Regional and Country Analysis
7.1. Global Cards Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Cards Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Cards Market
8.1. Asia-Pacific Cards Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Cards Market
9.1. China Cards Market Overview
9.2. China Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Cards Market
10.1. India Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Cards Market
11.1. Japan Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Cards Market
12.1. Australia Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Cards Market
13.1. Indonesia Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Cards Market
14.1. South Korea Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Cards Market
15.1. Western Europe Cards Market Overview
15.2. Western Europe Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Cards Market
16.1. UK Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Cards Market
17.1. Germany Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Cards Market
18.3. France Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Cards Market
19.1. Eastern Europe Cards Market Overview
19.2. Eastern Europe Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Cards Market
20.1. Russia Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Cards Market
21.1. North America Cards Market Overview
21.2. North America Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Cards Market
22.1. USA Cards Market Overview
22.2. USA Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Cards Market
23.1. South America Cards Market Overview
23.2. South America Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Cards Market
24.1. Brazil Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Cards Market
25.1. Middle East Cards Market Overview
25.2. Middle East Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Cards Market
26.1. Africa Cards Market Overview
26.2. Africa Cards Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Cards Market Competitive Landscape and Company Profiles
27.1. Cards Market Competitive Landscape
27.2. Cards Market Company Profiles
27.2.1. Citibank
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Mastercard Incorporated
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. The American Express Company
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Visa Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. JPMorgan Chase & Co
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

29. Key Mergers and Acquisitions in the Cards Market

29. Cards Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
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FEATURED COMPANIES

  • Axis Bank Limited
  • Citibank
  • Green Dot Corporation
  • JPMorgan Chase & Co
  • Mastercard Incorporated
  • The Western Union Company
Major players in the market are Citibank; Mastercard Incorporated;The American Express Company; Visa Inc.; JPMorgan Chase & Co.; Kaiku Finance LLC; Mango Financial Inc.; Green Dot Corporation; NetSpend Holdings; and PayPal Holdings.

The global cards market is expected to grow from $205.45 billion in 2020 to $212.23 billion in 2021 at a compound annual growth rate (CAGR) of 3.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $225.95 billion in 2025 at a CAGR of 1.6%.

The cards market consists of sales of cards services by entities (organizations, sole traders, and partnerships) that are engaged in storing, processing, and transmitting payment card data. This market covers issuing and acquiring banks, card processing, and issuing companies, and others. Revenue generated from the cards market includes all processing and service fees levied by banks and financial institutions for processing card-based payments. It excludes interest charged by banks on payment cards. The cards market is segmented into credit card; debit card; charge card and prepaid card. Only goods and services traded between entities or sold to end consumers are included.

The growing technological innovations are gaining popularity in the cards market over recent years. Major corporations are concentrating on offering digital prepaid card services in emerging economies to attract a large consumer base for prepaid credit cards. For example, in June 2020, in collaboration with the Mastercard alliance, Grab Holdings, Inc., a multinational ride-hailing company based in Singapore, launched a new card to facilitate cashless payments in the Philippines. With the card linked to Grab's prepaid wallet, which includes 53 million global merchants that accept Mastercard, users can pay for anything online.

The cards market covered in this report is segmented by type into general purpose; private label, by usage into general-purpose re-loadable card; government benefit/disbursement card; payroll card; others, by end user into retail establishments; corporate institutions; government; financial institutions; others.

In March 2019, Prepaid Financial Services Limited, a London-based financial services company acquired Physical Prepaid Card Portfolio of Barclaycard in the UK for an undisclosed amount. This acquisition will enable Prepaid Financial Services Limited to offer an enhanced service to existing and future Payroll and Corporate clients. Barclaycard a credit card brand for credit cards of Barclays PLC, a UK-based financial services company that helps consumers, retailers, and businesses to make and take payments flexibly, and to access short-term credit and point of sale finance.

The rising demand for credit cards is expected to fuel the growth of the cards market in the forecast period. The rise in demand for consumer credit products tends to be very apparent in an economic crisis during COVID 19 outbreak where pay delays and job losses are feasible, and the outstanding credit card balance indicates that individuals are borrowing to cover their daily expenses. According to TransUnion CIBIL Limited, an India-based credit information company, credit card debts, and the number of accounts increased by 40.7% and 29.8% respectively with 44.5 million cards in circulation in 2019. Therefore, the rising demand for credit cards drives the growth of the cards market.

The increasing incidences of fraudulent are expected to hamper the growth of the cards market in the coming years. Fraud losses are sustained on all credit, debit, prepaid general-purpose, and private label payment cards distributed around the world by payment card issuers, retailers, purchasers of card purchases at retailers, and acquirers of card transactions at ATMs. For instance, global fraud losses totaled $27.85 billion in 2018 and are expected to grow to $35.67 billion in five years and $40.63 billion in the next 10 years. Therefore, the increasing incidences of fraudulent restraints the growth of the cards market.
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A selection of companies mentioned in this report includes:

  • Citibank
  • Mastercard Incorporated
  • The American Express Company
  • Visa Inc.
  • JPMorgan Chase & Co
  • Kaiku Finance LLC
  • Mango Financial Inc
  • Green Dot Corporation
  • NetSpend Holdings
  • PayPal Holdings
  • BBVA Compass Bancshares
  • UniRush
  • HDFC Bank Ltd.
  • SBI Cards and Payment Services Limited
  • ICICI Bank Limited
  • Axis Bank Limited
  • Bank of Baroda
  • Capital One Financial Corporation
  • The Bank of America Corporation
  • Wells Fargo
  • Discover Bank
  • Total System Services Inc
  • The PNC Financial Services Group Inc.
  • TSYS
  • Ebay
  • The Western Union Company
Note: Product cover images may vary from those shown

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