The Cards And Payments Global Market Report 2020-30 by The Business Research Company describes and explains the global cards and payments market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Cards And Payments Global Market Opportunities And Strategies Report covers cards and payments market drivers, cards and payments market trends, cards and payments market segments, cards and payments market growth rate, cards and payments market major players, and cards and payments market size.
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The cards and payments market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Cards And Payments Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Trends in the market include:
Adoption Of EMV Technology-
The global payments industry has witnessed rapid increase in the adoption of EMV technology. This growth is driven by a higher level of data security offered by EMV chip and PIN cards as compared to traditional magnetic stripe cards. EMV is a security standard for various payment cards including debit, credit, charge and prepaid cards. The chip carries data of the cardholder and the account, which is protected using both hardware and software security measures. According to global technical body EMVCo, the number of EMV chip payment cards across the world reached 4.8 billion by the end of 2015. In line with the rest of the world, the adoption rate of EMV chip payment cards has steadily grown across various regions in world, reaching 71.7% in Canada, Latin America and the Caribbean region, 61.2% in Africa and the Middle East region, and 32.7% in Asia-Pacific region.
The market is segmented:
1) By Type: Cards, Payments
2) By Institution Type: Banking Institutions, Non-Banking Institutions
Subsegments Covered: Credit Card, Debit Card, Charge Card, Prepaid Card, B2B, B2C, C2C, C2B
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