Market Snapshot:
Bank payment cards are part of a payment system issued by a bank, to a customer that enables its owner to access the funds in the customer's designated bank accounts, or through a credit account and make payments by electronic funds transfer and access ATMs. Such cards are known by a variety of names including bankcards, MAC, ATM cards, client cards, cash cards or key cards.
Highlights from Bank Payment Cards Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Players profiled in the report are Gemalto (Netherlands), Barclays PLC (United Kingdom), Discover Financial Services (United States), American Express (United States), MasterCard (United States), Visa Inc. (United States), IDEMIA (France), Giesecke and Devrient (Germany), Perfect Plastic Printing (United States) and ABCorp (United States). Additionally, other players that are part of this comprehensive study are CPI Card (United States), Tianyu (China), Goldpac (Hong Kong), Hengbao Co Ltd (China), Watchdata Technologies (Singapore) and Kona I (South Korea).
Geographic Breakdown and Segment Analysis
The Global Bank Payment Cards market presents a comprehensive analysis of the Bank Payment Cards market by product type (Credit card, Debit card, Charge card, ATM card, Stored-value card, Fleet card and Others), by end-user/application (Personal Use and Business Use), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Bank Payment Cards industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Bank Payment Cards market
Analyst at AMA have segmented the market study of Global Bank Payment Cards market by Type, Application and Region.
Influencing Trend:
Rewards Credit Cards Have Proliferated In Recent Years to Drive Usage, Mostly In Developed Economies, Surged In Contactless Payment Cards and Debit Card Use At The Point Of Sale Has Grown Dramatically In Recent Years
Market Growth Drivers:
The Rapid Development in Payment Infrastructure Such As POS Terminals and Payment Gateways Worldwide, The Rising Disposable Income of an Individual Has Boosted the E-Commerce Industry and The Increased Preference for Payment Cards for Online Shopping
Challenges:
Investing in Fraud Preventions and Enhancing Securities
Restraints:
Lack of Consumer Confidence and Growing Concern around Card Fraud and The Availability of Alternative Payment Methods Such As E-Wallets
Opportunities:
Emerging Markets Payment Cards Are Expected To Grow Significantly
Market Developments Activities:
In October 2023, Mastercard has announced partnership with Samsung Electronics to develop a New Payments solution. The partnership will focus on developing mobile wallets, wearable payments, and biometric authentication. The goal is to create a seamless and secure payment experience for Samsung users around the world.
In October 2023, Visa launched New card linked offers platform which allows merchants to offer targeted discounts and promotions to Visa cardholders. The platform is designed to help merchants increase sales and improve customer engagement. It uses Visa's vast network of cardholders and merchants to deliver relevant offers to cardholders at the time of purchase.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Bank Payment Cards Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Others