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Credit Card Market Overview, Business Segments, Key Trends, Growing Demand And Forecast 2022-26: Citibank, American Express Company, Mastercard Incorporated
Credit Card Market
The regions covered in the credit card market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest credit card market share.
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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.
Key competitors in the credit card market are Citibank, American Express Company, Mastercard Incorporated, Visa Inc., JPMorgan Chase & Co., Mango Financial Inc., BBVA Compass Bancshares Inc.
The global credit card market size is expected to grow from $99.08 billion in 2021 to $101.98 billion in 2022 at a compound annual growth rate (CAGR) of 2.9%. The global credit cards market size is expected to grow to $106.67 billion in 2026 at a CAGR of 1.1%.
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TBRC's report segments the global credit card market:
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
Read Further On The Credit Card Market Here:
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
…..
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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