|03-12-2018 10:42 AM CET - IT, New Media & Software||
Historical Trends of USA Cards and Payments Market to 2021
Press release from: Market Data Forecast
According to the report “USA Cards And Payments Market - By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS And ATM's), By Payment Instruments (Credit Transfers, Direct Debit, Cheques And Payment Cards) - Transaction Value, Volumes, Historical Trends, Analysis And Forecasts (2017 -2021)” published by Market Data Forecast, the United States market with around 1,205.9 million cards in circulation holds the second place of global payment cards market after China. The most commonly used payment cards in the nation are Debit card and Credit card. Pay later cards (Credit cards) are mostly used for average to expense level purchases, whereas, pay now cards (Debit cards) are used for minimal transactions like transport or movie ticket purchases. In recent times, the other payment options gaining traction in the markets are cash transfer and prepaid or reward cards.
Browse details of 85 pages research report developed on USA Cards and Payments Market @ marketdataforecast.com/market-reports/USA-Cards-and-Payme...
The report of Market Data Forecast reveals that the number of cards functional in the country are about to reach 1,312.8 million by 2021. It is also predicted that the total transactional value will increase from USD 5,265.5 billion to USD 5,681 billion during the forecast period. The main factor driving the cards and payments industry of the USA is the increasing online sales with the payment cards leading the market from the front.
Other important factors driving the USA payment cards market would be raising the use of EMVs associated contactless cards, new developments in the retail and e-commerce industries, various reward options from banks like cash backs and purchase points, and user attractive custom payment options by banks and card issuers.
However, the advent of smartphone operators in the form of e-wallets like Samsung Pay, Apple Pay, and Android Pay has transferred a lot of user base to mobile payments and the strict government regulatory fees levied on the card transactions are strongly hindering the market growth.
The recent collaborations and acquisitions in the market have also pushed the demand for payment cards increased use in the US. For example, the acquisition of WorldPay by Vantiv, by paying a whopping amount of USD 10 billion.
The key players in the USA Cards and Payments Market are American Express, JPMorgan Chase, Wells Fargo, Capital One, Visa and Mastercard.
Avail Sample Market Brochure of the report @ marketdataforecast.com/market-reports/USA-Cards-and-Payme...
Key Questions Answered by the report
• What is the market size of the US Cards and Payments market?
• What are the major operators and issuers in the US?
• What is the current state of emerging payment technologies?
Reasons to Purchase this report
• Track key industry trends, opportunities and threats related to the US cards and payments industry and each market within it.
• Gain insights into the competitive landscape of card issuers for both, debit cards and pay later cards.
• Gain insights into marketing strategies used by market players for various card types in the US.
• Gain insights into key regulations governing the US cards and payments market
Inquire before buying this report @ marketdataforecast.com/market-reports/USA-Cards-and-Payme...
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
This release was published on openPR.
News-ID: 973712 • Views: 317More releases