Market Overview:
The global card payment market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing use of cards for payments, both online and offline. In addition, the growing demand for contactless payments is also contributing to the growth of this market. The credit card payment segment is expected to account for the largest share of the global card payment market in 2018. This segment is projected to grow at a CAGR of 11% during the forecast period from 2018-2030.
Product Definition:
A card payment is a type of payment that uses a plastic card as the primary means of exchanging money. The term usually refers to payments made by consumers, but may also refer to payments made by businesses. Card payments are often processed through credit cards, debit cards, or prepaid cards.
Credit Card Payment:
A credit card is a payment tool that allows customers to make purchases by using an approved credit card. The primary function of a credit card is to enable the customer to buy goods and services without having cash on hand. Credit cards are also used for making payments in installments, known as debt consolidation, which helps the user avoid paying interest charges on various loans or debts.
Non-Prepaid Debit Card Payment:
Non-Prepaid Debit Card Payment is a payment method in which the cardholder does not have to load any money into the card. The transaction takes place immediately after the purchase is made. This payment method has several benefits such as it saves time and there are no additional fees involved.
The global Card Payment market size was valued at USD 6,867 million in 2017 and is expected to register a CAGR of XX% over the forecast period.
Application Insights:
The online segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing adoption of e-commerce and digital payment modes across the globe. The growing trend of buying products through online channels has led to an increased demand for card payment solutions, which is further driving the global market growth.
Offline applications include physical retail stores and e-commerce platforms where consumers make payments using cards instead of cash or cheque. Offline retailers are adopting various methods, such as mobile payments and QR codes, to enable faster transaction processing while protecting customer data at same time. Furthermore, companies operating in multiple markets are focusing on regionalization strategies that enable them to offer customized experiences based on local requirements thus driving industry expansion over next few years.
The application segments have been classified into online.
Regional Analysis:
The Asia Pacific dominated the global card payment market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to a rise in online shopping and growing adoption of digital payment methods across various countries such as China, India, Japan, South Korea, Singapore among others. Moreover rising number of mobile internet users has also fueled the regional market growth. According to GSMA Association Ltd.
North America is projected to grow at a significant rate during the forecast period owing to increasing use of plastic money across offline and online transactions in U.S.
Growth Factors:
- Increasing urbanization and disposable income: The global card payment market is expected to grow at a CAGR of around 15% during the forecast period. This is mainly due to the increasing urbanization and disposable income across the globe.
- Proliferation of digital payments: The growth of digital payments has led to an increase in the use of cards for transactions, thereby driving the growth of the card payment market.
- Government initiatives for cashless economy: Governments across various countries are promoting a cashless economy, which is aiding in the growth of card payment markets worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Card Payment Market Research Report
By Type
Credit Card Payment, Non-Prepaid Debit Card Payment, Prepaid Card Payment
By Application
Online, Offline
By Companies
China UnionPay, Visa, MasterCard, American Express, Discover, JCB
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Card Payment Market Report Segments:
The global Card Payment market is segmented on the basis of:
Types
Credit Card Payment, Non-Prepaid Debit Card Payment, Prepaid Card Payment
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
Online, Offline
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:
- China UnionPay
- Visa
- MasterCard
- American Express
- Discover
- JCB
Highlights of The Card Payment 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 Card Payment
- Non-Prepaid Debit Card Payment
- Prepaid Card Payment
- By Application:
- Online
- Offline
- 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 Card Payment 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.
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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?
Card payment is a way to pay for goods and services with a plastic card.
Some of the major players in the card payment market are China UnionPay, Visa, MasterCard, American Express, Discover, JCB.
The card payment market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Card Payment Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Card Payment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Card Payment Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Card Payment Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Card Payment Market Size & Forecast, 2018-2028 4.5.1 Card Payment Market Size and Y-o-Y Growth 4.5.2 Card Payment Market Absolute $ Opportunity
Chapter 5 Global Card Payment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Card Payment Market Size Forecast by Type
5.2.1 Credit Card Payment
5.2.2 Non-Prepaid Debit Card Payment
5.2.3 Prepaid Card Payment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Card Payment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Card Payment Market Size Forecast by Applications
6.2.1 Online
6.2.2 Offline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Card Payment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Card Payment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Card Payment Analysis and Forecast
9.1 Introduction
9.2 North America Card Payment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Card Payment Market Size Forecast by Type
9.6.1 Credit Card Payment
9.6.2 Non-Prepaid Debit Card Payment
9.6.3 Prepaid Card Payment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Card Payment Market Size Forecast by Applications
9.10.1 Online
9.10.2 Offline
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Card Payment Analysis and Forecast
10.1 Introduction
10.2 Europe Card Payment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Card Payment Market Size Forecast by Type
10.6.1 Credit Card Payment
10.6.2 Non-Prepaid Debit Card Payment
10.6.3 Prepaid Card Payment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Card Payment Market Size Forecast by Applications
10.10.1 Online
10.10.2 Offline
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Card Payment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Card Payment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Card Payment Market Size Forecast by Type
11.6.1 Credit Card Payment
11.6.2 Non-Prepaid Debit Card Payment
11.6.3 Prepaid Card Payment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Card Payment Market Size Forecast by Applications
11.10.1 Online
11.10.2 Offline
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Card Payment Analysis and Forecast
12.1 Introduction
12.2 Latin America Card Payment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Card Payment Market Size Forecast by Type
12.6.1 Credit Card Payment
12.6.2 Non-Prepaid Debit Card Payment
12.6.3 Prepaid Card Payment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Card Payment Market Size Forecast by Applications
12.10.1 Online
12.10.2 Offline
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Card Payment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Card Payment Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Card Payment Market Size Forecast by Type
13.6.1 Credit Card Payment
13.6.2 Non-Prepaid Debit Card Payment
13.6.3 Prepaid Card Payment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Card Payment Market Size Forecast by Applications
13.10.1 Online
13.10.2 Offline
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Card Payment Market: Competitive Dashboard
14.2 Global Card Payment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 China UnionPay
14.3.2 Visa
14.3.3 MasterCard
14.3.4 American Express
14.3.5 Discover
14.3.6 JCB