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Impact of CoronaVirus on Credit Card Market | Top Players are Bank of America, ICICI Bank, Visa, Mastercard, Capital One, Axis Bank, HDFC Bank, TSYS, Fiserv

04-02-2020 04:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research for Markets

Credit Card Market Outlook

Credit Card Market Outlook

Credit Card Market report delivers a detailed study with present and upcoming Opportunities to clarify the future investment in the Credit Card Market . The complete knowledge is based on latest industry news, opportunities, and trends. The report on the Global Credit Card Market is an important document for every market enthusiast, policymaker, investor, and player. This report contains a chapter on the on the Global Credit Card Market and all its associated companies with their profiles, which gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies.

The credit card market has been registering robust growth due to rising urbanization as well as the growth in the middle class population culminating into a large number of users. Growing acceptance of online purchase has further boosted the market. Changes in government regulations towards preventing the misuse of credit cards are other factors that are expected to create a more competitive market as players look to venture into world.

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Credit Card Market Major Player Detail
Bank of America,
Preferred,
Visa,
Mastercard,
Capital One,
Axis Bank,
HDFC Bank,
TSYS,
Fiserv

The report begins with an introduction to credit cards as a medium of payment as well as offers timeline with respect to the evolution of credit cards in the World market. This is followed by an overview of the global credit card market providing segmented share across brands. The section provides information about the market size and growth as well as the rise in the total number of bank cards issued in World. This is followed by figures for growth in credit card turnover, consumer spending via credit card as well as the growth in rise in pretax profit per credit card. The card payment cycle depicts the various payment systems including data processing as well as financial settlement. Traditional stakeholders in the card payment cycle as well as the participants in the card payment cycle have been highlighted.

Credit Card Market Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)

Credit Card Market by Type Segmentation (Credit Card,)
Credit Card Market By Industry Segmentation (Residential, Commercial, , , )
Credit Card Market By Channel (Direct Sales, Distributor) Segmentation

Market growth drivers include the huge population base and accelerating urbanization, World's young population, rising middle class and increasing income, changing lifestyle and rising acceptance of credit cards as a mode of payment and rise in online payments. The major barriers that the market faces include savings oriented consumer base, bad debt which is continually on the rise, the misuse of credit cards, foreign entrants facing difficulties while looking to expand in the Chinese credit card market and the emergence of alternative mode of payments.

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Table of Contents | Credit Card Market

1. Credit Card Market Introduction

2. Credit Card Market Segmentation

3. Market Overview

4. Executive Summary

5. Premium Insights

6. Global Credit Card Market , By Component

7. Product Type

8. Delivery

9. Industry Type

10. Geography

10.1. Overview

10.2. Credit Card Market North America

10.3. Credit Card Market Europe

10.4. Credit Card Market Asia-Pacific

10.5. Credit Card Market South America

10.6. Credit Card Market Middle East & Africa

11. Company Landscape

12. Company Profiles

13. Related Reports

Trends in the market include further outsourcing of non-core businesses, introduction of the EMV payment standard cards, technological innovation in the form of contactless credit cards, Octopus cards and management via consumer management systems. The government has also been considering policy towards creating a growing market. Initiatives highlighted in the report include new measures to protect the credit card holders, strict consequences faced for violation, World Banking Regulatory Commission updating credit card rules to prevent credit card misuse.

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Contact:

Mr. A Naidu

Research for Markets

Tel: +44 8000-4182-37 (UK)

Email: alan.naidu@researchformarkets.com

About Research for Markets:

Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.

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