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Global Cards & Payments Market Report 2023 | Market Size, Key Drivers And Top Trends | American Express, Banco Santander, Visa, PayPal, MasterCard
Cards & Payments Market Report
As per the cards & payments market report by The Business Research Company, Cards and payments companies are investing in technologies and formulating guidelines to prevent card and payment fraud. In this regard, payment service providers and merchants have implemented various solutions, including the Payment Card Industry Data Security Standard (PCI DSS) compliance, EMV technology, 3-D Secure services, tokenization, biometrics, and end-to-end encryption. To combat the constantly evolving card fraud methods, the National Retail Federation (NRF) also updates its security guidelines continuously.
The global cards & payments market grew from $833.27 billion in 2022 to $903.22 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The cards & payments market is expected to grow to $1238.14 billion in 2027 at a CAGR of 8.2%.
Read More On The Cards & Payments Market Report Here:
https://www.thebusinessresearchcompany.com/report/cards-and-payments-global-market-report
Major competitors in the cards & payments market include American Express, Banco Santander, Visa, PayPal, MasterCard, Nippon Telegraph and Telephone Corp, Industrial and Commercial Bank of China, Apple, China Construction Bank, and Intesa Sanpaolo.
The cards & payments market is segmented -
•By Type: Cards, Payments
•By Institution Type: Banking Institutions, Non-Banking Institutions
•By Application: Food And Groceries, Health And Pharmacy, Restaurants And Bars, Consumer Electronics, Media And Entertainment, Travel And Tourism, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the cards & payments market.
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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. Payment instruments are systems that enable funds held in accounts at credit, payment or similar institutions to be transferred to a payee on receipt of a payment order.
The Table Of Content For The Cards & Payments Market Include:
1. Executive Summary
2. Report Structure
3. Cards & Payments Market Characteristics
4. Cards & Payments Market Product Analysis
5. Cards & Payments Market Supply Chain
……
19. Middle East Cards & Payments Market
20. Africa Cards & Payments Market
21. Cards & Payments Market Competitive Landscape
22. Key Mergers And Acquisitions In The Cards & Payments Market
23. Market Background: Lending And Payments Market
The "Global Cards & Payments 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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