Payment Card Market is Booming Worldwide | Mastercard Incorporated, Visa, American Express

The latest report released on Global Payment Card Market analyses areas where there is still room for improvement. Irrespective of industry, organization size, or geographic location, the Payment Card Market study suggests that advanced technologies are playing a bigger role than ever before. The assessment provides trend, growth factors and estimates for Global Payment Card Market forecasted till 2028. Some of the key players profiled are Mastercard Incorporated (United States), Visa, Inc. (United States), American Express (United States), BofA Securities, Inc. (United States), Banco do Brasil S.A. (Brazil), The Bank of East Asia Limited (Hong Kong), Diners Club International (United States), Hang Seng Bank Limited (Hong Kong), JPMorgan Chase (United States), Sumitomo Mitsui Banking Corporation (Japan).

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Scope of the Report of Payment Card
Payment cards are the cards that are parts of the payment system normally issued by financial institutions. These cards are electronically linked to an account or accounts belonging to the cardholder. These cards are of numerous types such as credit cards, debit cards and others. These cards are issued for payment and portable transactions majorly in deposit, or loan or credit accounts. Increased Disposable Income of the People, Increased Demand from the Consumers and Higher Credit Limits of the Payment Cards are the key factors driving the global payment card market. However, misuse of payment cards as well as privacy and security issues may hinder the market growth.

The titled segments and sub-section of the market are illuminated below:
by Type (Credit Card, Debit Card, ATM Cards, Charge Card, Stored Value Card, Fleet Card, Gift Card, Others), Application (Enterprise Use, Individual Use), Technology (Embossing, Magnetic Stripe, Smart Card, Payment Cloud, Proximity Card, Re-Programmable Magnetic Stripe Card, Others)

Market Trends:
Technological Advancements in the Numerous Industries
Growing Demand for Premium Payment Cards such as Metal Cards

Opportunities:
Growing Demand from End-user Industries
Increasing Applications of Payment Cards
Rising Trend of Digitalization

Market Drivers:
Increased Disposable Income of the People
Increased Demand from the Consumers
Higher Credit Limits of the Payment Cards

In August 2019, Mastercard Inc. announced the biggest acquisition in its history, as the card network continues its efforts to move beyond plastic. The company plans to acquire the account-to-account business of Danish payment-technology company

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Payment Card Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Payment Card market
Chapter 2: Exclusive Summary - the basic information of the Payment Card Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Payment Card
Chapter 4: Presenting the Payment Card Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Payment Card market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Payment Card Market is a valuable source of guidance for individuals and companies.

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This release was published on openPR.