Cards And Payments Market (COVID-19 UPDATE) Future Challenges and Industry Growth Outlook 2030

The Business Research Company offers "Cards And Payments Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.

The global cards & payments market is expected to grow from $721.9 billion in 2019 to $722.4 billion in 2020 at a compound annual growth rate of 0.1%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $909.1 billion in 2023.

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The cards and payments market consists of sales of cards and payments services by entities (organizations, sole traders and partnerships) that engage in storing, processing and transmitting payment card data. The card and payments industry includes issuing and acquiring banks, card processing and issuing companies, payment processing institutions such as banks, and non-banking financial corporations.

The global payments industry has witnessed rapid increase in the adoption of EMV technology. This growth is driven by a higher level of data security offered by EMV chip and PIN cards as compared to traditional magnetic stripe cards. EMV is a security standard for various payment cards including debit, credit, charge and prepaid cards. The chip carries data of the cardholder and the account, which is protected using both hardware and software security measures.

Cards And Payments Market Segmentation:
By Type
1. Cards
2. Payments

By Institution Type
1. Banking Institutions
2. Non-Banking Institutions

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Cards And Payments Market Characteristics
4. Cards And Payments Market Product Analysis
5. Cards And Payments Market Supply Chain
……
20. Key Mergers And Acquisitions In The Cards And Payments Market
22. Market Background: Lending And Payments Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the cards and payments market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the cards and payments market are Express Company, Visa, Bank of America, PayPal, Mastercard

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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