41 reports

Store cards saw an increase in both transaction volume and value in 2021, largely due to the reopening of bricks-and-mortar retail outlets. During the pandemic, retailers were forced to contend with capacity restrictions, store closures and competition from online channels. All of this resulted in severe declines in foot traffic that curtailed...

  • Store Card
  • United States
  • Number Of Card
  • Card Transaction

The number of store card transactions fell sharply in 2020 and continued to decline, albeit at a considerably slower rate, in 2021. The economic crisis in Argentina was already having a marked negative impact on the performance of store cards before the outbreak of COVID-19, and the further economic uncertainty generated by the pandemic has...

  • Store Card
  • Argentina
  • Number Of Card
  • Card Transaction

Having fallen during 2020, the number store card transactions rebounded strongly during in 2021. During 2020, many retail outlets, such as department stores, were closed for an extended period due to COVID-19 restrictions. While most of these were eased during 2021, a number of retail chains have shrunk their store networks due to a combination...

  • Store Card
  • Mexico
  • Number Of Card
  • Card Transaction

Store cards, often referred as “Gaisho Cards” in Japan, saw continuous annual decline in terms of current value transactions throughout the review period, with 2021 likely to prove the sole exception. This trend was linked to a change in strategy for department stores. The major issuers are mainly department stores and are generally no longer...

  • Store Card
  • Japan
  • Number Of Card
  • Card Transaction

As a result of the COVID-19 pandemic, consumer expenditure throughout Russia dropped considerably, with store-based retailing being particularly negatively impacted. Consequently, transaction volume and value fell sharply, following years of already sluggish growth. 2021 is expected to register a second year of negative value growth and this...

  • Store Card
  • Russia
  • Number Of Card
  • Card Transaction

Despite some improvements in the TransUnion consumer credit index, local consumers’ credit health remains above the break-even score of 50-59, down from a score of 62 recorded in Q1 2021. In response to the volatility in household finances, retailers are maintaining a cautious credit policy in order to manage risks, resulting in a stricter...

  • Store Card
  • South Africa
  • Number Of Card
  • Card Transaction

Store cards represented the one bright spot across Thailand’s financial cards and payments industry during 2021 as positive growth was recorded in transactions of volume and value over the course of the year. This was mainly due to the increased usage of store cards as online payment tools, with issuer Bank of Ayudhya PCL reporting dramatic...

  • Store Card
  • Thailand
  • Number Of Card
  • Card Transaction

Store card usage was already declining in Peru over the review period, due to its limited networks and higher interest rates, while these payment instruments are now widely regarded as outdated, with most of the retailers that previously issued store cards having moved their card lending operations towards co-branded credit cards issued in...

  • Store Card
  • Peru
  • Card Transaction
  • Number Of Card

In 2020, lockdown measures including the closure of non-essential retailers significantly reduced opportunities for customers to use store cards such as Ikea Family in non-grocery retailers. During 2021, however, there was an improvement in store card numbers, transactions and value sales, all of which almost returned to near stabilisation. Store...

  • Store Card
  • France
  • Number Of Card
  • Card Transaction

Store card transactions were directly impacted by the Danish government’s response to COVID-19, with many retail stores closing temporarily. Outlets located in shopping centres smaller than 15,000 sq m were closed from 18 March to 11 May 2020 and from 17 December 2020 to 13 April 2021. Shopping centres bigger than 15,000 sq m remained closed...

  • Store Card
  • Denmark
  • Number Of Card
  • Card Transaction

Store Card Transactions in Singapore 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...

  • Store Card
  • Singapore
  • Card Transaction
  • Number Of Card

PPI Store Card Transactions in Philippines 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....

  • Store Card
  • Philippines
  • Card Transaction
  • Number Of Card

Store cards had no presence in Nigeria over the review period. This is not expected to change over the forecast period. Store Card Transactions in Nigeria 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...

  • Store Card
  • Nigeria
  • Card Transaction
  • Number Of Card

The COVID-19 pandemic hit Morocco at a time when the popularity of store cards was already in decline. Among the main reasons for this is that many local consumers struggle to see the advantages that these cards offer or, alternatively, they understand the advantages but do not believe that these are attractive enough to justify obtaining...

  • Store Card
  • Morocco
  • Number Of Card
  • Card Transaction

There were no store cards present in Hong Kong at the end of the review period, and there is no data to suggest that they will enter over the forecast period. Store Card Transactions in Hong Kong, China report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid...

  • Store Card
  • China
  • Card Transaction
  • Number Of Card

There were no store cards present in Ukraine during 2021. This is very unlikely to change during the forecast period, as the regulatory framework in Ukraine currently does not allow for the issuing of this type of financial cards. Store Card Transactions in Ukraine report establishes the size and structure of the market for ATMs cards,...

  • Store Card
  • Ukraine
  • Card Transaction
  • Number Of Card

At the end of the review period, there were still no store cards available in the Czech Republic. It remains unlikely that such financial cards will become widely available in the country during the forecast period Store Card Transactions in Czech Republic report establishes the size and structure of the market for ATMs cards, smart...

  • Store Card
  • Czech Republic
  • Number Of Card
  • Card Transaction

Store cards are not present in Egypt. Given that the wider financial cards and payments market is still relatively underdeveloped, it is unlikely that such products will be introduced over the forecast period. Store Card Transactions in Egypt report establishes the size and structure of the market for ATMs cards, smart cards, credit...

  • Store Card
  • Egypt
  • Card Transaction
  • Number Of Card

In the initial stages of the pandemic in 2020, consumer expenditure in South Korea dropped significantly, with bricks-and-mortar retailers being particularly negatively impacted. Consequently, transaction volume and value of store cards dropped, following the sluggish performance of previous years. Store Card Transactions in South...

  • Store Card
  • South Korea
  • Number Of Card
  • Card Transaction

Store cards remained non-existent in Israel in 2021. No retailers have expressed a strong interest in offering these types of financial cards. Moreover, there is currently no indication that store cards will emerge in the country at any point during the forecast period. Store Card Transactions in Israel report establishes the size...

  • Store Card
  • Israel
  • Card Transaction
  • Number Of Card

Store cards will continue to see a decline in shares in 2021 given the strong competition from other financial card types. It is only possible to use some store cards in certain chains or even stores, which limits their usage and appeal. The other types of cards have greater levels of flexibility and thus are more generally preferred by Italian...

  • Store Card
  • Italy
  • Number Of Card
  • Card Transaction

Store cards are not available in Taiwan. Hypermarket chain Carrefour was the last retailer to offer such cards and it ceased its operations in 2005. A trend towards alternative payment options such as digital wallets and the widespread popularity of credit cards means the likelihood of store cards being reintroduced is very low. Store...

  • Store Card
  • Taiwan
  • Card Transaction
  • Number Of Card

There were no store cards with “pay later” options available in Turkey at the end of the review period. All cards issued by retailers are closed loop pre-paid cards that enable payment in specific retail outlets. Over the forecast period, prospects for store cards remain weak as consumers seeking “pay later” functionality have the established...

  • Store Card
  • Turkey
  • Card Transaction
  • Number Of Card

Store cards allow consumers with low credit scores, and therefore with restricted access to credit, to obtain financing for their retail purchases. As result, store cards have historically worked as a tool to increase financial inclusion in Brazil. This type of financial card is commonly offered at grocery retailers, apparel and footwear specialist...

  • Store Card
  • Brazil
  • Number Of Card
  • Card Transaction

Store closures linked to non-essential businesses continued into 2021 as pandemic-induced lockdowns reappeared across much of Australia. This negatively impacted store cards, particularly in view of the limited digital capability of this type of financial card. The reduction in foot traffic through bricks-and-mortar stores therefore exacerbated...

  • Store Card
  • Australia
  • Number Of Card
  • Card Transaction

After recording double-digit declines in 2020, store cards should experience a robust return to growth in volume and current value transactions in 2021 as the rollout of COVID-19 vaccines allows for the easing of public health measures affecting retailers, and economic improvements bolster confidence and spending among Canadian consumers....

  • Store Card
  • Canada
  • Number Of Card
  • Card Transaction

Sygma Bank Polska was the sole issuer of store cards in the country until 2015, when it ceased this activity. Even prior to 2015, the bank was gradually withdrawing store cards from its offer due to the growing popularity of retailer co-branded credit cards issued by players such as Santander Consumer Bank, Crédit Agricole and Bank BGZ PNB...

  • Store Card
  • Poland
  • Card Transaction
  • Number Of Card

Store cards has seen little impact from COVID-19, as in 2020 it maintained a similar negative trend to that seen before the pandemic in terms of volume and current value transactions, and this is set to continue in 2021. Although Sweden is increasingly becoming a society where more modern payment methods are winning over cash, store cards...

  • Store Card
  • Sweden
  • Number Of Card
  • Card Transaction

Store cards have been non-existent in the Netherlands since 2015. Since then, no new players have launched store cards and there have been no new attempts to introduce store cards by any of the former players. There is little sign that any meaningful change to this situation will be seen during the forecast period, especially as Dutch consumers...

  • Store Card
  • Netherlands
  • Card Transaction
  • Number Of Card

Store cards had already experienced a mixed performance over the review period, with major issues linked to the fact that the category was facing an outdated image, with a lack of innovation making store cards vulnerable to competition from more modern types of payment cards. For many years, virtually all of the country’s leading chained retailers...

  • Store Card
  • Colombia
  • Number Of Card
  • Card Transaction