Card and electronic transactions increased further in 2018 but payments in Austria continued to be dominated by cash. Cash has a very high emotional value for Austrian consumers and the concept of a cashless society is unpopular. Following an intense public debate over transaction fees on ATM withdrawals, the Austrian government gave in to...
Venezuelans are concerned about obtaining bolivars for any transaction, as they will need more notes to buy the same thing. The smallest denomination of paper money in any country should be intended to at least be able to pay for short transportation trips or small goods. However, such a premise is far from the reality in Venezuela. Thus,...
This report analyzes the worldwide markets for Prepaid Cards in US$ Million by the following Segments: Closed Loop, and Open Loop. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided...
Positive growth continued to be seen in most financial cards and payments categories in 2018 as the drive towards financial inclusion and the strong demand for credit continued to expand the industry’s consumer base. Debit cards is still the main category, with the number of cards in circulation still rising due to the increasing payment of...
The financial cards and payments industry in Canada has long been dominated by the “big six”, namely Royal Bank of Canada (RBC), Bank of Montreal (BOM), Canadian Imperial Bank of Commerce, The Bank of Nova Scotia (Scotiabank), Toronto Dominion Bank (TD) and the National Bank of Canada. Particularly in credit cards and debit cards, the two...
Brazil’s economy faced its worst recession in decades in the later part of the review period, marked by the deterioration of the labour market. High levels of unemployment have made consumers more cautious about making large purchases or taking on debt. In this scenario, even consumers who have not lost their jobs have started to plan their...
Since Mauricio Macri became president, the government has become more involved in all matters related to methods of payment. During 2017, a schedule to reduce the fees that payment processors charge to merchants was approved by law, under the auspices of the Federal Administration of Public Income (AFIP), which is increasingly pushing merchants...
In 2018, credit cards recorded the most outstanding growth rates in both cards in circulation and transaction value. The growing number of young urban mid-income consumers who form the main target audience for credit cards was the key driver for this growth. Many players launched attractive promotions to attract new customers, and increase...
With 56 million trips per month, the SUBE card is used in 33 cities in the country, not counting the metropolitan area and greater Buenos Aires. An important novelty that was introduced at the end of 2017 was the possibility of charging the card through the mercadopago or pagomiscuentas.com apps. This is very helpful for users that in many...
Store cards were not present in Saudi Arabia 2018, and are not expected to be adopted in the country over the forecast period, with the central bank (SAMA) unlikely to develop the necessary legal and technical framework required to support these cards. However, even if the Saudi central bank was to develop an initial framework over the forecast...