Credit Card Transactions

Having whipsawed during 2020 and 2021 as a result of the pandemic (first plunging and then rebounding strongly), retail constant value sales (2022 prices) of credit cards were more stable in 2022—they continued to expand but at a much more modest…

Having declined sharply during the pandemic as economic shock led many local consumers to rein in their discretionary spending and seek to minimise their debt, credit card transactions saw a surging rebound in current value terms and in volume terms…

Credit cards account for a significant proportion of transaction value in card payments in Colombia, though behind debit cards. However, debit cards are widening the gap year-on-year. In 2022, credit cards are expected to register further current…

Several commercial banks have set up plans to minimise the number of zombie cards (cards with no activity for the past 12 months) in circulation and cap the number of credit cards an individual can apply for, as per the latest regulatory notice from…

In 2022, credit card transactions and transaction value continued to rebound in Germany, following the significant pandemic-induced decline in services, especially travel and foodservice, both key contributors to credit card transaction value.…

In 2022, credit card transactions will begin its transaction recovery from the negative performances seen in 2020 and 2021. The declines of the last couple of years were the result of the impact of the COVID-19 pandemic placing strong pressure on…

Contactless payment, or touch-on payment, has become increasingly common for purchases, due to its benefits in terms of smoother and speedier payment, and promotion by credit card companies. In addition, its growth was accelerated by COVID-19, as…

Recent years have seen a major initiative towards reducing the risk of credit card fraud in Egypt and these efforts continued during 2022. For instance, ADCB Egypt and in SAS, a leading analytics player, announced a partnership for the implementation…

Credit cards are expected to register significant increases in both transaction value and number of cards in circulation in 2022. However, the reason underlying the growth is worrying. Turkey has one of the highest inflation rates in the world in…

After debit cards, credit cards represent the most popular financial card in Sweden, although unlike the latter, the number of cards in circulation fell over the review period. While this was partly attributable to the impact of the COVID-19…

2022 saw personal credit cards transactions register negative growth in both volume and value terms as the more cautious approach to spending that has resulted from high inflation and, in particular, dramatic increases in energy costs, undermined…

The loan repayment moratorium for vulnerable borrowers has been extended to the end of 2022, with this policy available for credit card owners as well. It applies to credit amounts that were drawn down by 18 March 2020, but it not mandatory.…

In contrast to their structural decline prior to the pandemic, the number of debit cards is still posting a robust growth in 2022, under the impetus given by the growing number of functions – while average transaction values are more modest.

Although credit cards have been losing ground to debit cards in Argentina for several years, they remain popular among those who frequently pay for goods and services in instalments. Most notably, they are often used to make purchases under Ahora…

The number of credit cards in circulation in Poland continued to decline during 2022 as the long-term decrease in the popularity of credit cards continued. The declining popularity of credit cards has made them one of the most difficult financial…

Credit cards continues to recover in 2022 from a strong drop in 2020, but is set to remain marginally below pre-pandemic levels in terms of transaction value. However, the number of transactions made using credit cards is predicted to recover and…

Commercial credit cards are traditionally valued by consumers for their travel benefits, which typically include preferential rates at airlines and lodging partners, as well as miles accumulation. Since Singapore has completely opened up its border,…

Credit card transactions are growing faster than debit card transactions in 2022, with the use of these products boosted by liquidity issues and the attraction of loyalty and reward programmes, such as cashback. The upturn in tourism due to the…

The credit cards category is seeing improvement. It saw particularly notable developments in the first half of 2022 due to a number of factors, including the fact that the population’s mobility has recovered, especially in the larger cities. Many…

Chileans mainly choose a credit card based on credit limits and the availability of cash advances. However, other factors are relevant, such as the costs associated with the card, loyalty programmes, and promotions.