Global Cards Market Growth Opportunities and Forecast To 2032 | Citibank, Mastercard Incorporated, The American Express Company, Visa Inc., JPMorgan Chase & Co

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Cards market report by The Business Research Company, The rising demand for credit cards is expected to fuel the growth of the cards market in the forecast period. The rise in demand for consumer credit products tends to be very apparent in an economic crisis during COVID-19 outbreak, where pay delays and job losses are feasible, and the outstanding credit card balance indicates that individuals are borrowing to cover their daily expenses. According to the Equifax Quarterly Consumer Credit Demand Index June 2022, the demand for credit cards in Australia increased by 6% as compared to June 2021.

The global cards market will grow from $271.51 billion in 2022 to $291.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cards market is expected to grow to $390.54 billion in 2027 at a CAGR of 7.6%.

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https://www.thebusinessresearchcompany.com/report/cards-global-market-report

Major competitors in the Cards market include Citibank, Mastercard Incorporated, The American Express Company, Visa Inc., JPMorgan Chase & Co., Kaiku Finance LLC., Mango Financial Inc., Green Dot Corporation, NetSpend Holdings, and PayPal Holdings.

The Cards market is segmented -

•By Type: General Purpose, Private Label
•By Usage: General-purpose Re-loadable Card, Government Benefit/Disbursement Card, Payroll Card, Other Usage.
•By End User: Retail Establishments, Corporate Institutions, Government, Financial Institutions, Other End-Users. Asia-Pacific was the largest region in the cards market in 2022.

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Cards are provided by a bank or other financial organization, which enables users to withdraw money or make purchases using a line of credit.
The main types of cards are general-purpose and private labels. The general-purpose cards can be used as debit cards for retail purposes and are used for depositing online payments. The cards are used for general-purpose reloadable cards, government benefit and reimbursement cards, payroll cards, and other usages.

The Table Of Content For The Cards Market Include:

1. Executive Summary
2. Cards Market Characteristics
3. Cards Market Trends And Strategies
4. Cards Market - Macro Economic Scenario
5. Cards Market Size And Growth
……
26. Africa Cards Market
27. Cards Market Competitive Landscape And Company Profiles
29. Key Mergers And Acquisitions In The Cards Market
29. Cards Market Future Outlook and Potential Analysis
30. Appendix

The "Global Cards Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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