Global Credit Card Market 2021 Uptrend, Demand, Global Opportunity, and Clear Outlook – Citibank; American Express; Embedded Mastercard

Latest release, the research study on Global Credit Cards Market Report Forecast 2021-2030, provides a detailed overview of the factors influencing the global business scope. The Credit Cards Market research report shows the latest market information, analysis of the current situation with upcoming trends and breakdown of products and services. The report provides key statistics on market status, size, share, growth factors of Credit Card. The study covers data of emerging players including competitive landscape, sales, revenue and global market share for major manufacturers: Citibank; American Express; Mastercard Incorporated; Visa Inc .; JPMorgan Chase & Co.; Mango Financial Inc .; BBVA Compass Bancshares Inc; Total System Services Inc; PNC Financial Services Group Inc .; Capital One Financial Corporation; the Bank of America Corporation; Wells Fargo; Discover the Bank; HDFC Bank Ltd. ; SBI Card and Payment Services Limited; ICICI Bank Limited; Axis Bank Limited; Baroda Bank

The global credit card market is expected to grow from $ 100.05 billion in 2020 to $ 103.06 billion in 2021 at a compound annual growth rate (CAGR) of 3%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 107.69 billion in 2025 at a CAGR of 1.1%.

Click on the link for an exclusive copy of the Credit Cards Marketplace:

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Analysis of the impact and recovery of Covid-19:

The global credit cards market report also includes the impact of the Covid-19 pandemic. In addition, it offers an exhaustive analysis of the aspects that will encounter the development of the market before and after the Covid-19 pandemic.

Scope

Markets covered: 1) By type: Reward card; Manufacturer’s credit card; Travel credit card; Balance transfer card; Others
2) by type of card: base; Signature; Platinum
3) By the service provider: Visa; Motherboard ; Rupay; Others

Market Snapshot:

In January 2018, Scotiabank, a Canadian financial services company, announced that its Colombian subsidiary, Banco Colpatria Multibanca Colpatria SA (Banco Colpatria), acquired the consumer (retail and credit cards) and small and medium-sized Citibank companies in Colombia for an undisclosed amount. Through this acquisition, Citibank will enable Scotiabank to serve new customers in Colombia and increase its size within the Colombian banking sector, as well as in other Pacific Alliance economies such as Mexico, Chile and Peru. Citibank, a United States-based financial services company that provides a wide range of credit card, baking, investing and wealth management services.

Rising demand for credit cards is expected to fuel the growth of the credit cards market during the forecast period. The rising demand for consumer credit and the benefits offered by credit cards are driving individuals to use credit cards. According to TransUnion CIBIL Limited, an India-based credit information company, credit card debt and number of accounts increased by 40.7% and 29.8% respectively with 44.5 million cards in circulation. in 2019. Therefore, increasing demand for credit cards drives growth. of the credit card market.

Growing technological innovation is a key trend that is gaining popularity in the credit card market. Large companies are focusing on offering digital prepaid card services in emerging economies to attract a large consumer base for a prepaid credit card. For example, in June 2020, working with the Mastercard Alliance, Grab Holdings, Inc., a Singapore-based multinational rideshare company, 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.

Regional analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia and Italy)
Asia Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

Browse Complete Description of Credit Cards Market Report With Table of Contents:

https://www.marketinsightsreports.com/reports/08103167002/credit-card-global-market-report-2021-covid-19-impact-and-recovery-to-2030-include-1-by-type-reward- card-credit-builder-card-travel-credit-card-balance-transfert-card-others-2-by-card-type-base-signature-platinum-3-by-service-provider-visa-matercard-rupay- others-covering-citibank-the-american-express-company-mastercard-incorporated-visa-inc-jpmorgan-chase-co? mode = 69

Key factors in this report:

– Activity Descrition – A detailed description of the company’s operations and business divisions.
– Business strategy – Summary by the analyst of the company’s commercial strategy.
– SWOT analysis – A detailed analysis of the strengths, weaknesses, opportunities and threats of the company.
– Company history – Progress of key events related to the company.
– Main products and services – A list of the main products, services and brands of the company.
– Key competitors – A list of the company’s main competitors.
– Important sites and subsidiaries – A list and contact details of the main sites and subsidiaries of the company.
– Detailed financial ratios for the last five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years of history.

The research includes historical data from 2015 to 2025 and forecasts to 2030, making the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and others. people looking for key industry data in easily accessible documents with clearly presented tables and charts.

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