Market Overview:
The global bank payment cards market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing use of debit and credit cards for personal and business transactions. In addition, the growing demand for contactless payments is also contributing to the growth of this market. The global bank payment cards market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into credit cards, debit cards, and others (prepaid/gift cards). The debit card segment is expected to account for a major share in terms of revenue in 2018 owing to its high adoption rate among consumers for making everyday payments. By application, it can be classified into personal use and business use segments. The personal use segment dominates this market as most consumers prefer using their bank payment cards for shopping and other day-to-day activities such as dining out or paying bills online etcetera . Regionally speaking , North America accounted for a leading share in 2017 due its well-developed banking infrastructure coupled with rising consumer awareness about benefits associated with using bank payment cards .
Product Definition:
Bank payment cards are plastic cards that allow customers to access their bank account funds and make transactions. They can be used in place of cash, checks, or other forms of payment. Bank payment cards offer a number of benefits for consumers and businesses, including convenience, security, and flexibility.
Credit Cards:
Credit cards are payment instruments that help in making purchases without having to carry cash. They work on the principal that the buyer, who is not present, will pay later for the product or service. The card has a code printed or embossed with an account number and sometimes also includes an expiration date. It is used by consumers as well as businesses for purchasing products and services online or over phone lines without having to physically handover the money first.
Debit Cards:
A debit card is a plastic card with an embedded chip designed to allow the user to make purchases by tapping in the amount owed. The debit card works on the honor system, which means that there are no fees, interest rates or penalties and it does not require any paperwork. Debit cards are issued by banks and other financial institutions as payment for a transaction made using cash or check.
Application Insights:
The business use of payment cards accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growing corporate sector, which mainly comprises of small and medium-sized businesses (SMBs), is expected to be a key factor driving the segment growth. SMBs are increasingly adopting payment cards as they offer various benefits, such as low transaction costs, ease of use and security. Furthermore, with an increasing number of e-commerce transactions worldwide, consumers are increasingly using online shopping portals with credit card payments. This has led to an increased demand for payment cards in the corporate sector across countries worldwide.
The personal use segment also contributed significantly towards overall market revenue in 2017 owing to rising adoption rates among individuals globally for making purchases through cashless payments or electronic transfers from their bank accounts via ATM/bank branch or from any other location using mobile banking applications on their smartphones or computers at home or work places respectively.
Regional Analysis:
The Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing adoption of bank payment cards in countries such as China, India, and Japan. Furthermore, rising demand for mobile payments across these countries is further fueling the regional market growth.
North America also held a significant share of global revenue in 2017 owing to high demand for contactless payment solutions from consumers and businesses across U.S., Canada, and Mexico. Moreover, growing popularity of digital wallets such as Apple Pay™; Google Pay™; Samsung Pay™; among others will drive regional market growth over the forecast period.
Growth Factors:
- Increasing demand for convenience and security in payments: Bank payment cards offer a high degree of convenience and security, which is driving their adoption among consumers.
- Growing use of bank cards for online payments: The increasing use of bank cards for online payments is another key growth driver for the market. This is because bank cards are considered more secure than other payment methods such as debit or credit cards issued by non-bank entities.
- Proliferation of contactless technology: The proliferation of contactless technology is also aiding the growth of the market, as it offers a faster and more convenient way to make payments.
- Rising number of cardholders: The rising number of cardholders across the globe is also propelling the growth of the market, as banks are issuing more debit and credit cards to cater to this demand.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bank Payment Cards Market Research Report
By Type
Credit Cards, Debit Cards, Others
By Application
Personal Use, Business Use
By Companies
Gemalto, IDEMIA, Giesecke and Devrient, Perfect Plastic Printing, ABCorp, CPI Card, Tianyu, Goldpac, Hengbao, Watchdata Technologies, Valid, Kona I, Eastcompeace
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Bank Payment Cards Market Report Segments:
The global Bank Payment Cards market is segmented on the basis of:
Types
Credit Cards, Debit Cards, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Use, Business Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gemalto
- IDEMIA
- Giesecke and Devrient
- Perfect Plastic Printing
- ABCorp
- CPI Card
- Tianyu
- Goldpac
- Hengbao
- Watchdata Technologies
- Valid
- Kona I
- Eastcompeace
Highlights of The Bank Payment Cards Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Credit Cards
- Debit Cards
- Others
- By Application:
- Personal Use
- Business Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bank Payment Cards Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bank payment cards are plastic cards that allow customers to make purchases at participating banks and merchants. The cardholder enters the amount they want to spend and the bank processes the transaction.
Some of the key players operating in the bank payment cards market are Gemalto, IDEMIA, Giesecke and Devrient, Perfect Plastic Printing, ABCorp, CPI Card, Tianyu, Goldpac, Hengbao, Watchdata Technologies, Valid, Kona I, Eastcompeace.
The bank payment cards market is expected to register a CAGR of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bank Payment Cards Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bank Payment Cards Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bank Payment Cards Market - Supply Chain
4.5. Global Bank Payment Cards Market Forecast
4.5.1. Bank Payment Cards Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bank Payment Cards Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bank Payment Cards Market Absolute $ Opportunity
5. Global Bank Payment Cards Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bank Payment Cards Market Size and Volume Forecast by Type
5.3.1. Credit Cards
5.3.2. Debit Cards
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bank Payment Cards Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bank Payment Cards Market Size and Volume Forecast by Application
6.3.1. Personal Use
6.3.2. Business Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bank Payment Cards Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bank Payment Cards Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bank Payment Cards Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bank Payment Cards Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bank Payment Cards Demand Share Forecast, 2019-2026
9. North America Bank Payment Cards Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bank Payment Cards Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bank Payment Cards Market Size and Volume Forecast by Application
9.4.1. Personal Use
9.4.2. Business Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bank Payment Cards Market Size and Volume Forecast by Type
9.7.1. Credit Cards
9.7.2. Debit Cards
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bank Payment Cards Demand Share Forecast, 2019-2026
10. Latin America Bank Payment Cards Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bank Payment Cards Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bank Payment Cards Market Size and Volume Forecast by Application
10.4.1. Personal Use
10.4.2. Business Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bank Payment Cards Market Size and Volume Forecast by Type
10.7.1. Credit Cards
10.7.2. Debit Cards
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bank Payment Cards Demand Share Forecast, 2019-2026
11. Europe Bank Payment Cards Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bank Payment Cards Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bank Payment Cards Market Size and Volume Forecast by Application
11.4.1. Personal Use
11.4.2. Business Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bank Payment Cards Market Size and Volume Forecast by Type
11.7.1. Credit Cards
11.7.2. Debit Cards
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenes/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bank Payment Cards Demand Share, 2019-2026
12. Asia Pacific Bank Payment Cards Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bank Payment Cards Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bank Payment Cards Market Size and Volume Forecast by Application
12.4.1. Personal Use
12.4.2. Business Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bank Payment Cards Market Size and Volume Forecast by Type
12.7.1. Credit Cards
12.7.2. Debit Cards
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bank Payment Cards Demand Share, 2019-2026
13. Middle East & Africa Bank Payment Cards Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bank Payment Cards Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bank Payment Cards Market Size and Volume Forecast by Application
13.4.1. Personal Use
13.4.2. Business Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bank Payment Cards Market Size and Volume Forecast by Type
13.7.1. Credit Cards
13.7.2. Debit Cards
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bank Payment Cards Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Bank Payment Cards Market: Market Share Analysis
14.2. Bank Payment Cards Distributors and Customers
14.3. Bank Payment Cards Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Gemalto
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. IDEMIA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Giesecke and Devrient
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Perfect Plastic Printing
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ABCorp
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CPI Card
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tianyu
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Goldpac
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hengbao
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Watchdata Technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Valid
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kona I
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eastcompeace
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook