Surging Credit Card Demand Fuels Expansion Growth Trends In The Credit Card Issuance Services Market: Strengthening the Growth Trajectory of the Credit Card Issuance Services Market

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Credit Card Issuance Services Market Through 2025?
The market size for credit card issuance services has seen vigorous growth in the past few years. Projection indicates an increase from $520.01 billion in 2024 to $567.83 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. The historical period growth can be credited to factors such as consumer spending habits, initiatives regarding financial inclusion, economic development, loyalty schemes, and alterations in regulations.

What's the Projected Size of the Global Credit Card Issuance Services Market by 2029?
It is projected that the credit card issuance services market will experience robust expansion in the ensuing years, swelling to a substantial $787.39 billion by 2029, growing at an 8.5% compound annual growth rate (CAGR). This growth trajectory in the projection period is linked to factors such as the adoption of contactless payments, data protection concerns, the advent of digital currencies, the emergence of embedded finance, and bespoke personalization. Key trends characteristic of this forecast era include the usage of biometric verification, synergy with financial wellness services, real-time payment protocols, the application of blockchain for enhancing security, as well as the utilization of artificial intelligence and predictive analytics.

View the full report here:
https://www.thebusinessresearchcompany.com/report/credit-card-issuance-services-global-market-report

Top Growth Drivers in the Credit Card Issuance Services Industry: What's Accelerating the Market?
Expectations of an upsurge in credit card demand are positioned to drive expansion in the credit card issuance services market. The credit card, which refers to a financial product provided by banks, allows customers to borrow money up to their approved credit limit. Credit card issuing entities play a critical role in card transaction processing, repaying earlier approved purchases, and managing chargebacks. For instance, the Federal Reserve Bank of New York, a US federal bank serving the Federal Reserve System's second district, reported in February 2023 that credit card balances saw an increment of $61 billion reaching $986 billion in the USA in the fourth quarter of 2022, outpacing the pre-pandemic height of $927 billion. Consequently, the surge in credit card demand is fueling the expansion of the credit card issuance service market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12484&type=smp

What Trends Will Shape the Credit Card Issuance Services Market Through 2029 and Beyond?
The trend of technological progression is gaining traction in the credit card issuance service industry. Leading entities in this market are adopting innovative technologies to maintain their market standing. For example, AU Small Finance Bank from India introduced two credit card insurances namely, Secured Credit Card - NOMO (No Missing Out) and AU SPONT Rupay Credit Card in April 2024. The NOMO Credit Card is fashioned specifically for people who may not be eligible for conventional unsecured credit cards due to reasons such as absence of credit score, limited credit history, or inadequate income proof. This card offers exclusive benefits like reward points, exemption on fuel surcharge, and access to airport lounges. On the other hand, the Rupay Credit Card distinguishes itself by giving users the provision to connect the card to their chosen UPI-enabled application, facilitating smooth payments through UPI Scan and Pay functionality. Additionally, it offers 1% cashback on most transactions and COINS rewards for UPI transactions performed through the AU 0101 app, making it widely available to clients across various income groups.

What Are the Main Segments in the Credit Card Issuance Services Market?
The credit card issuance services market covered in this report is segmented -

1) By Type: Consumer Credit Cards, Business Credit Cards
2) By Issuers: Banks, Credit Unions, Non-Banking Financial Companies
3) By End-User: Personal, Business

Subsegments:
1) By Consumer Credit Cards: Standard Credit Cards, Rewards Credit Cards, Secured Credit Cards, Student Credit Cards, Premium Credit Cards
2) By Business Credit Cards: Small Business Credit Cards, Corporate Credit Cards, Commercial Credit Cards, Business Rewards Credit Cards, Charge Cards

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=12484&type=smp

Which Top Companies are Driving Growth in the Credit Card Issuance Services Market?
Major companies operating in the credit card issuance services market include JPMorgan Chase & Co., Bank of America Corporation, Citigroup Inc., American Express Company, HSBC Holdings plc., Toronto-Dominion Bank Group, Goldman Sachs Group Inc., Capital One Financial Corporation, Barclays Bank PLC, U.S. Bancorp, Standard Chartered PLC, PNC Financial Corp., Fiserv Inc., Synchrony Financial, Fidelity National Information Services Inc., Stripe Inc., Wells Fargo & Co., Fifth Third Bank NA, Navy Federal Credit Union, Huntington Bancshares Incorporated, Santander Bank N.A., Giesecke+Devrient GmbH, Synovus Financial Corp., Penfed Federal Credit Union, Marqeta Inc., Entrust Corporation, Comenity Bank, Nium Pte. Ltd.

Which Regions Will Dominate the Credit Card Issuance Services Market Through 2029?
North America was the largest region in the credit card issuance services market in 2024. The regions covered in the credit card issuance services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12484

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.