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2021 Global Credit Card Market Size, Share, Trends, COVID-19 Impact And Growth Analysis Report

Credit Card Market

Credit Card Market

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‘Credit Card Global Market Report 2021 – COVID-19 Impact And Recovery’ by The Business Research Company is the most comprehensive report available on this market, with analysis of the market’s historic and forecast growth, drivers and restraints causing this, and highlights of the opportunities that companies in the industry can take on. The market research report helps gain a truly global perspective of the credit card industry as it covers 60 geographies. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.

The countries covered in the global credit card market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global credit card market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The credit card market consists of sales of credit card services by entities (organizations, sole traders, and partnerships) that are engaged in storing, processing, and transmitting payment card data. Credit cards are payment cards issued by banks and financial institutions that can be used to borrow funds. Credit cards are mostly used for short-term financing of consumer goods and services. The credit limit is preset depending on the borrower’s credit rating and credit cardholders are charged interest each month by the credit card provider. Only goods and services traded between entities or sold to end consumers are included.

The global credit card market is expected to grow from $100.05 billion in 2020 to $103.06 billion in 2021 at a compound annual growth rate (CAGR) of 3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $107.69 billion in 2025 at a CAGR of 1.1%.

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The global credit card market is segmented -
1) By Type: Reward Card, Credit Builder Card, Travel Credit Card, Balance Transfer Card, Others
2) By Card Type: Base, Signature, Platinum
3) By Service Provider: Visa, Matercard, RuPay, Others

Major players in the credit card market are Citibank, American Express Company, Mastercard Incorporated, Visa Inc., JPMorgan Chase & Co., Mango Financial Inc., BBVA Compass Bancshares Inc, Total System Services Inc, The PNC Financial Services Group Inc., Capital One Financial Corporation.

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https://www.thebusinessresearchcompany.com/report/credit-card-global-market-report

The Table of Contents includes:
1. Executive Summary
2. Credit Card Market Characteristics
3. Credit Card Market Trends And Strategies
4. Impact Of COVID-19 On Credit Card
5. Credit Card Market Size And Growth
.....
27. Credit Card Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Credit Card Market
29. Credit Card Market Future Outlook and Potential Analysis
30. Appendix

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