Charge Card Transactions

Charge cards, which in India is only available for personal usage, remains a niche category within financial cards. The eligibility criteria for a charge card in terms of credit score and minimum salary requirement in India are high compared to those…

Charge cards are still used in Morocco, mainly by people who are interested in performing cross-border online transactions, such as booking flights and hotel rooms in other countries. For most local consumers, the main benefits of charge cards are…

Charge cards continued to struggle to appeal widely, and consumer demand remained low at the end of the review period. This situation is confirmed by the limited supply of charge cards from banking institutions in Malaysia. Indeed, many banks have…

Charge cards are not extensively used by the Taiwanese, remaining a relatively niche area in terms of card payments, accounting for a tiny fraction of overall card transactions. Users of charge cards must settle their outstanding balance by the end…

Charge cards had no presence in Nigeria over the review period. This is not expected to change over the forecast period. 

American Express remains the only player in charge cards in Mexico in 2022. It has been offering personalised assistance to customers in order to help them to create new payment plans, according to their payment capabilities, to help any of its…

While the number of charge cards and circulation in Israel continues to increase during 2022, negative growth was recorded in transactions of value and volume in the category. One major reason for the category’s negative performance during the year…

Charge cards remain unpopular in Egypt, with the category remaining far smaller than either debit cards or credit cards, both in terms of transactions value and volume and the numbers of cards in circulation. Moreover, 2022 saw further declines in…

The ownership and use of charge cards is limited to affluent consumers in Brazil, as the average consumer is not eligible for this type of financial card in the country. Charge card issuers require applicants to have high minimum incomes and a good…

The use of fuel cards gradually increased during the review period. However, it is not a classic type of charge card as fuel cards lack a credit option and work in a similar way to debit cards, while allowing companies to control the expenses of…

Having surged by almost a quarter in 2021 as COVID-19 restrictions were eased, the rate of growth in constant value sales (2022 prices) of charge cards slowed significantly during 2022 but remained robust. Heightened economic uncertainty (most…

American Express signed a partnership with Vietnam JSC Bank for Industry & Trade (Vietinbank) in 2021 to increase acceptance of its cards in Vietnam. However, charge cards are not issued in Vietnam and there is unlikely to be any significant demand…

Charge cards were not issued by banks in Turkey at the end of the review period. Instead, credit cards and debit cards remain the two main types of financial card. Consumers who use credit cards employ them mostly for the “pay later” function, while…

The competitive landscape in charge cards remains consolidated, with American Express and Diners Club the only two issuers and operators present at the end of the review period. Now, Diners Club International Ltd is a direct banking payment services…

Charge cards registered a strong performance in 2022, with an increase in the number of cards in circulation, together with a rise in the number and value of transactions. At the same time, the average amount per transaction declined, as charge cards…

After a drop in the early stages of the pandemic in 2020 and a notable rebound in 2021, charge cards continues to record strong growth in transaction volume and value in 2022. Growth is being driven by the recovery of travel activities of Austrian…

In 2022, only commercial charge cards are available in Hungary, with personal charge cards no longer available. Moreover, commercial charge cards are only offered to top corporate executives and senior managers and there are no indications that this…

The value of both commercial and personal charge cards is climbing, despite a marginal decline in the overall number of transactions in 2022. Nevertheless, despite the turbulent economic conditions with pandemic-related lockdowns in Australia and…

Charge cards have no presence in Denmark in 2021 and are not set to emerge in the country over the forecast period.

Charge cards experienced an ongoing process of normalisation in 2022 as the influence of the pandemic continued to wane following two years of a highly unusual development, where transactions increased in 2020 while transaction values significantly…