About Financial Payment Cards
FInancial payment cards are the cards for cashless payments at retailers, internet stores or for cash withdrawals at ATMs. It is offered by usually a bank, but also from various financial institutions, department stores, loan companies, telecommunications, utility and airline companies. They are of numerous types, the most common being credit cards and debit cards. These cards are smart cards that contain a unique card number and some security information such as an expiration date or CVVC (CVV) or with a magnetic strip on the back enabling various machines to read and access information.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Financial Payment Cards market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
VISA (United States), MasterCard (United States), American Express (United States), Diners Club (United States), Discover Financial (United States), JCB Card (Japan), CPI Card Group (United States), Gemalto (Netherlands), ABCorp (United States) and IDEMIA (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Citigroup Inc. (United States, JPMorgan Chase& Co. (United States) and Capital One Financial Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Financial Payment Cards market by Type (Bank Cards, Credit Cards, Debit Cards, Purchasing Cards and Other), Application (Personal use and Business use) and Region.
On the basis of geography, the market of Financial Payment Cards has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Embossing will boost the Financial Payment Cards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Premium Payment Cards such as Metal Cards
Market Growth Drivers:
Increased Demand from Consyners and Higher Credit Limits of the Payment Cards
Challenges:
Privacy and Security Concerns
Restraints:
Increased Frauds of Payment Cards
Opportunities:
Rising Trend of Digitalization and Increasing Demand from End-user Industry
Market Leaders and their expansionary development strategies
In November 2019, Open, which offers a business-banking platform for small enterprises, has announced a partnership with Visa to launch a credit card that will help these entities manage their expenses and vendor payouts better.
Key Target Audience
Financial Payment Cards Providers, Research Professionals, Research Companies, Distributors and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.