Navigating the Future: Cards & Payments Market Trends and Forecast Insights, 2025 Edition

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

How Large Will the Cards & Payments Market Size By 2025?
The dimension of the cards and payments market has displayed robust growth in the past few years. The market which predicted to rise from $1040.5 billion in 2024, expects to reach $1131.61 billion in 2025, considering a compound annual growth rate (CAGR) of 8.8%. Factors contributing to the growth during the historic period are the advent of electronic payment systems, launch of credit and debit cards, the impact of globalization and international transactions, the consumer preference shift towards e-commerce, and the implementation of improved security protocols.

How Big Is the Cards & Payments Market Size Expected to Grow by 2029?
Predictions indicate robust progress in the cards and payments market in the coming years. It's anticipated to reach $1583.7 billion by 2029, with a compound annual growth rate (CAGR) of 8.8%. The projected growth during the forecast period is due to the increasing popularity of mobile payments, the widening reach of open banking initiatives, the consistent rise of e-commerce, ongoing regulatory developments, and sustainability in payments. Significant trends expected within this period range from the surge in contactless payments, the popularity of digital wallets, integration of cryptocurrency, use of biometric authentication, to subscription and recurring payments.

View the full report here:
https://www.thebusinessresearchcompany.com/report/cards-and-payments-global-market-report

Which Key Market Drivers Powering Cards & Payments Market Expansion and Growth?
The cards and payments market is projected to be driven by the growth in the e-commerce industry. Online trading of products and services, otherwise known as e-commerce, relies heavily on cards and payments. This becomes the crucial framework needed by businesses for online transaction methods. As an example, the United States Census Bureau, a government organization in the US, reported that in August 2023, the e-commerce estimate saw a leap of 7.5% (or 1.4%) in the second quarter of 2023, in comparison to the second quarter of 2022. Meanwhile, a minimal increase of 0.6% (or 0.4%) was seen in overall retail sales. It was observed that 15.4% of the total sales in the second quarter of 2023 were attributed to online shopping. Thus, the cards and payments market is being thrust forward by the increasing presence of the e-commerce industry.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3576&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Cards & Payments Market?
Leading firms in the cards and payments sector are leveraging novel commodities such as unique digital checking accounts and debit cards to consolidate their market presence. These new digital checking accounts and debit cards distinguish themselves with their digital accessibility, heightened security attributes, amalgamation with digital platforms, and increased user adaptability. For example, in October 2023, Experian PLC, an enterprise from Ireland specializing in consumer credit data analytics and reporting, introduced a novel smart money digital checking account and debit card. This account includes Experian Boost, a feature designed to enhance the user's FICO score by recording Experian Boost-qualifying payments and incorporating them into the user's credit file. The Experian Smart Money Digital Checking Account caters to patrons aiming to streamline their financial settings, lift their credit ratings, and augment their overall fiscal wellness using more specific benefits.

What Are the Emerging Segments in the Cards & Payments Market?
The cards & payments market covered in this report is segmented -

1) By Type: Cards, Payments
2) By Institution Type: Banking Institutions, Non-Banking Institutions
3) By Application: Food And Groceries, Health And Pharmacy, Restaurants And Bars, Consumer Electronics, Media And Entertainment, Travel And Tourism, Other Applications

Subsegments:
1) By Cards: Credit Cards, Debit Cards, Prepaid Cards, Charge Cards, Virtual Cards
2) By Payments: Digital Payments, Mobile Payments, Contactless Payments, E-commerce Payments, Cross-Border Payments

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3576&type=smp

Who Are the Global Leaders in the Cards & Payments Market?
Major companies operating in the cards & payments market include Apple Inc., China Construction Bank Corporation (CCB), Industrial and Commercial Bank of China Limited (ICBC), Banco Santander S.A., American Express Company, Visa Inc., PayPal Holdings Inc., Mastercard Incorporated, Intesa Sanpaolo S.p.A., Fiserv Inc, Franchise Payments Network Inc., Global Payments Inc, Concardis AG, Total Pay Solutions Inc., AffiniPay Corp., BlueSnap Inc, BillGO Inc., nCourt Inc., Versapay Corp., PayProTec Inc., Spreedly Inc., New West Technologies Inc., International Payout Systems Inc, Pivot Payables Corporation

Which are the Top Profitable Regional Markets for the Cards & Payments Industry?
Asia-Pacific was the largest region in the cards and payments market in 2024. Western Europe was the second largest region in the card and payments market. The regions covered in the cards & payments 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=3576

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.