Market Overview:
The global financial cards and payments market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electronic payments, rising adoption of smartphones and other digital devices, and growing number of online shoppers. In terms of type, the bank card segment is expected to hold the largest share in the global financial cards and payments market during the forecast period. This can be attributed to their wide acceptance among consumers for making transactions both online and offline.
Product Definition:
A financial card is a plastic card that allows the holder to borrow money against a prearranged line of credit. The most common type of financial card is the credit card, which allows consumers to borrow up to a certain limit in order to purchase items or withdraw cash. Financial cards can also include debit cards, prepaid cards and charge cards.
The use of financial cards and payments has become increasingly popular in recent years as they offer a number of advantages over other methods of payment such as cash or cheques. Financial cards are generally more secure than other forms of payment as they often require a PIN or signature for transactions. They are also convenient as they can be used anywhere that accepts credit or debit payments.
Bank Card:
A bank card is a plastic payment card that can be used to make purchases by banks and financial institutions. The global bank cards market has witnessed significant growth over the past few years owing to increasing demand for electronic transactions. Bank cards are widely accepted in most of the countries across the globe, as they offer several benefits such as ease of use, convenience, and better customer experience.
Recharge Spending Card:
The recharge spending card is a type of payment card that allows its users to load funds on the account by using various mediums such as physical cash, bank checks or through electronic means. The main objective of these cards is to provide added value and convenience to their users. These cards are widely accepted across the globe due to their ability to make purchases from online as well as offline stores.
Application Insights:
The retail segment accounted for the largest market share in 2017 and is anticipated to maintain its dominance over the forecast period. The growing e-commerce industry has created a need for payment solutions that can support a large number of vendors and customers. The use of digital payments has become common among consumers, as it offers convenience, ease of use, and security. Moreover, retailers are offering discounts on purchases made using financial cards to boost their sales volumes. This trend is expected to drive the demand for global financial cards & payments solutions in near future.
The BFSI sector is estimated to register significant growth over the forecast period owing to rising adoption of contactless technology at POS terminals across banks worldwide. Contactless payment allows users pay without having physical contact with an NFC reader; however, authentication process still requires human intervention (readers).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing adoption of digital payment technologies, presence of a large number of market players, and high disposable income among consumers. Moreover, growing popularity and availability of mobile banking solutions are further expected to drive regional growth during the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising internet penetration rates and increasing smartphone adoption rates in developing economies such as India and China. Furthermore, government initiatives promoting financial inclusion are also likely boost regional demand for online payments across various applications such as BFSI or retailing among others).
Growth Factors:
- Increasing urbanization and disposable income: The global population is increasingly moving towards cities, which is driving the demand for financial cards and payments solutions. At the same time, rising incomes are enabling more people to adopt these technologies.
- Proliferation of digital channels: Financial cards and payments are becoming more prevalent in the digital world, with consumers using their phones, tablets, and other devices to make transactions. This is helping to drive growth in this market segment.
- Innovation in payment technologies: Payment technologies are evolving rapidly, with new solutions such as mobile payments being developed all the time. This is providing opportunities for growth in the financial cards and payments market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Financial Cards and Payments Market Research Report
By Type
Bank Card, Recharge Spending Card
By Application
BFSI, IT & Telecom, Retail, Media & Entertainment, Government & Public Sector, Manufacturing, Healthcare, Others
By Companies
Gemalto, Giesecke & Devrient, IDEMIA, CPI Card, Tianyu, Goldpac, Magicard, CardLogix, Watchdata Technologies, Advanced Card Systems, Kona I, Sberbank, 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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Financial Cards and Payments Market Report Segments:
The global Financial Cards and Payments market is segmented on the basis of:
Types
Bank Card, Recharge Spending Card
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
BFSI, IT & Telecom, Retail, Media & Entertainment, Government & Public Sector, Manufacturing, Healthcare, Others
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
- Giesecke & Devrient
- IDEMIA
- CPI Card
- Tianyu
- Goldpac
- Magicard
- CardLogix
- Watchdata Technologies
- Advanced Card Systems
- Kona I
- Sberbank
- Eastcompeace
Highlights of The Financial Cards and Payments 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:
- Bank Card
- Recharge Spending Card
- By Application:
- BFSI
- IT & Telecom
- Retail
- Media & Entertainment
- Government & Public Sector
- Manufacturing
- Healthcare
- Others
- 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 Financial Cards and Payments 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:
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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?
Financial cards and payments are a way to pay for goods and services with your debit or credit card.
Some of the major companies in the financial cards and payments market are Gemalto, Giesecke & Devrient, IDEMIA, CPI Card, Tianyu, Goldpac, Magicard, CardLogix, Watchdata Technologies, Advanced Card Systems, Kona I, Sberbank, Eastcompeace.
The financial cards and payments market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Financial Cards and Payments 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 Financial Cards and Payments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Financial Cards and Payments 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 Financial Cards and Payments 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 Financial Cards and Payments Market Size & Forecast, 2018-2028
4.5.1 Financial Cards and Payments Market Size and Y-o-Y Growth
4.5.2 Financial Cards and Payments Market Absolute $ Opportunity
Chapter 5 Global Financial Cards and Payments 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 Financial Cards and Payments Market Size Forecast by Type
5.2.1 Bank Card
5.2.2 Recharge Spending Card
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Financial Cards and Payments 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 Financial Cards and Payments Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 IT & Telecom
6.2.3 Retail
6.2.4 Media & Entertainment
6.2.5 Government & Public Sector
6.2.6 Manufacturing
6.2.7 Healthcare
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Financial Cards and Payments 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 Financial Cards and Payments 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 Financial Cards and Payments Analysis and Forecast
9.1 Introduction
9.2 North America Financial Cards and Payments 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 Financial Cards and Payments Market Size Forecast by Type
9.6.1 Bank Card
9.6.2 Recharge Spending Card
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 Financial Cards and Payments Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 IT & Telecom
9.10.3 Retail
9.10.4 Media & Entertainment
9.10.5 Government & Public Sector
9.10.6 Manufacturing
9.10.7 Healthcare
9.10.8 Others
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 Financial Cards and Payments Analysis and Forecast
10.1 Introduction
10.2 Europe Financial Cards and Payments 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 Financial Cards and Payments Market Size Forecast by Type
10.6.1 Bank Card
10.6.2 Recharge Spending Card
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 Financial Cards and Payments Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 IT & Telecom
10.10.3 Retail
10.10.4 Media & Entertainment
10.10.5 Government & Public Sector
10.10.6 Manufacturing
10.10.7 Healthcare
10.10.8 Others
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 Financial Cards and Payments Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Financial Cards and Payments 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 Financial Cards and Payments Market Size Forecast by Type
11.6.1 Bank Card
11.6.2 Recharge Spending Card
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 Financial Cards and Payments Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 IT & Telecom
11.10.3 Retail
11.10.4 Media & Entertainment
11.10.5 Government & Public Sector
11.10.6 Manufacturing
11.10.7 Healthcare
11.10.8 Others
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 Financial Cards and Payments Analysis and Forecast
12.1 Introduction
12.2 Latin America Financial Cards and Payments 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 Financial Cards and Payments Market Size Forecast by Type
12.6.1 Bank Card
12.6.2 Recharge Spending Card
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 Financial Cards and Payments Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 IT & Telecom
12.10.3 Retail
12.10.4 Media & Entertainment
12.10.5 Government & Public Sector
12.10.6 Manufacturing
12.10.7 Healthcare
12.10.8 Others
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) Financial Cards and Payments Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Financial Cards and Payments 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) Financial Cards and Payments Market Size Forecast by Type
13.6.1 Bank Card
13.6.2 Recharge Spending Card
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) Financial Cards and Payments Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 IT & Telecom
13.10.3 Retail
13.10.4 Media & Entertainment
13.10.5 Government & Public Sector
13.10.6 Manufacturing
13.10.7 Healthcare
13.10.8 Others
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 Financial Cards and Payments Market: Competitive Dashboard
14.2 Global Financial Cards and Payments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gemalto
14.3.2 Giesecke & Devrient
14.3.3 IDEMIA
14.3.4 CPI Card
14.3.5 Tianyu
14.3.6 Goldpac
14.3.7 Magicard
14.3.8 CardLogix
14.3.9 Watchdata Technologies
14.3.10 Advanced Card Systems
14.3.11 Kona I
14.3.12 Sberbank
14.3.13 Eastcompeace
