Consumer Finance

The next billion consumers represent new growth opportunities worth trillions of dollars in consumer spending across the globe. However, the next billion consumers are not a monolithic cohort, as they vary hugely from market to market. In order to…

Prior to the Coronavirus (COVID-19) pandemic, Asia Pacific had already begun to emerge as a leading edge of development in financial technology and digital transactions. This report leverages data from Euromonitor’s Consumer Finance and Economies and…

Cash is no longer king. 2020 was a banner year for cashless payments, as cash fell below a quarter of global consumer payments. Driven down by a global pandemic, cash is being further eclipsed by new cadre of fintechs, card companies and real-time…

American Express is a diverse financial services provider, and is one of the largest card issuers and card networks globally. In financial products, the company is best known for its charge and commercial card products. The company generates most of…

The third largest card network operator globally, Mastercard has long stood as a principal player in card payments. Recent years have seen the company continue to invest heavily in new payment technologies and approaches as it continues to build its…

Discover Financial Services, which has long held steady as the ninth largest card operator in the world by payments value, is a card payment, banking services and lending provider based in the US. Domestically, the company provides credit card…

Visa is the world’s second largest card network and the leading player in all but one region globally. In order to remain at the forefront of consumer payments, which are increasingly taking place online, Visa is developing solutions to offer secure…

Financial cards and payments experienced a challenging year in 2020, with Coronavirus (COVID-19) speeding up the move away from cash, as consumers and retailers tried to avoid handling it, although overall consumer payments went into decline. Only…

Great changes were seen in financial cards and payments during 2020. Coronavirus (COVID-19) has significantly accelerated the move away from cash, as consumers and retailers tried to avoid handling it, providing strong impetus for contactless…

Financial cards and payments were significantly impacted by Coronavirus (COVID-19) during 2020. While the pandemic had a negative effect on overall consumer speeding in this year, it also helped to speed up the ongoing move away from cash. Consumers…

Coronavirus (COVID-19) had a major impact on financial cards and payments in 2020, with a marked slowdown in consumer payment transactions. The pandemic helped to speed up the ongoing move away from cash, with consumers and retailers avoiding…

The Americas as a region is diverse and characterised by a broad range of economic and social development. Like most regions around the world, payment policy is playing an increasing role in driving the rate at which consumer payments are…

Major changes were seen in financial cards and payments during 2020, with Coronavirus (COVID-19) speeding up the move away from cash, as consumers and retailers tried to avoid handling it, and providing strong impetus for contactless payments, seen…

As the year comes to an end, this report captures the evolution of the sentiment, preparedness, impact, reaction and future measures taken by businesses during 2020 in response to the Coronavirus (COVID-19) pandemic, while also looks ahead to predict…

Store cards continued to lose ground in Chile during 2020 as increasing numbers of major chained retailers moved away from the category in favour of offering co-branded credit cards in association with various issuing banks and operators MasterCard…

The online open loop pre-paid cards and accounts that are offered by various banks and financial institutions in Chile gained ground towards the end of the review period as general purpose reloadable cards went from strength to strength. Pioneering…

The COVID-19 dynamic had a strong impact on all categories of financial cards and payments during 2020. In general, consumer spending was under pressure for much of the year as many households sought to avoid all unnecessary spending due to the…

While the use of debit cards as online payment tools was quite limited before the onset of the COVID-19 crisis, the category saw huge growth over the course of 2020 as demand for e-commerce boomed during the pandemic. With consumers increasingly…

September 2020 was the month that Chile’s long-awaited Financial Portability finally came into effect. The Financial Portability Law allows private citizens, microenterprises and small and medium-sized businesses to move their financial products and…

2020 was a mixed year for consumer lending. COVID-19 has meant that, in general, gross lending slowed down, particularly as mortgages had already started experiencing a slowdown as a result of social unrest towards the end of 2019. Furthermore, the…