Financial Cards and Payments

Financial cards and payments in Germany experienced a boost in 2022 resulting from real growth in consumer spending. With the impact of the pandemic on everyday life in Germany gradually waning, consumer expenditure increased considerably. This was…

Financial cards and payments have been showing significant recovery, despite the fact that the economic situation in Peru has not managed to grow at the expected levels and political uncertainty persists due to government policies that continue to…

Financial cards and payments performed well in Italy in 2022, underpinned the growing trend towards contactless payments. In addition to an increase in the number of consumers choosing to “tap and pay” with their contactless cards, payments made…

Financial cards will record growth across both value and volume transactions as well as number of accounts and cards in circulation in 2022. This is largely thanks to the country’s emergence from the COVID-19 pandemic and the return to pre-pandemic…

In 2022, the number of financial cards in circulation continues to grow, driven by credit cards, store cards and closed loop pre-paid cards. Demand and usage are being driven by the relaxing of restrictions in South Korea, with social distancing…

Singapore is an advanced market, and the payments infrastructure is extremely well-developed. Moreover, the government is aiming to make the city-state a cashless society by 2025. Consequently, cash usage is decreasing, and it is therefore believed…

Owing to the Saudi Vision 2030, Saudi Arabia had already been taking steps to transform into a cashless society, even before the COVID-19 pandemic hit. With the pandemic measures greatly supporting this cause, Saudi Arabia has witnessed significant…

The use of cash as a payment method in Poland has been on the decline for many years, a trend that was accelerated during the COVID-19 pandemic. With consumers looking to avoid using cash as a way of minimising the risk that they will come into…

Despite efforts by the Moroccan government to digitise public services and boost the digital economy, the vast majority of transactions in Morocco remain exclusively in cash in 2022. Morocco has Africa’s highest rate of bank branches for every…

Despite recent developments in digital payments in Egypt, Egyptian society remains reliant on cash for the time being. Even though card payments already has relatively high penetration and has seen robust growth in recent years, cash payments remain…

In 2022, the performance of financial cards and payments is set to be in line with the global and domestic macroeconomic environment and regulatory policies. Despite facing heightened volatility stemming from geopolitical instability and economic…

Debit cards continue to be the most popular card in circulation in 2022, while credit cards continue to account for most transaction value. While all financial cards are expected to register healthy value growth, as well as growth in the number of…

2022 has been marked by growth in retail payments, continuing the recovery seen in 2021, after the heavy decline experienced in 2020 following the outbreak of COVID-19. The pandemic has changed the way Portuguese consumers make payments, with the…

At first sight, financial cards and payments continue to show signs of improvement in 2022. The total number of cards enjoys more robust volume growth thanks to the growing number of functions, while average value amounts remain more modest. The…

Overall, financial cards are expected to see growth in both cards in circulation and transaction value in 2022. However, while current value growth in expected to be high, constant value growth will be much lower. In 2022, soaring oil prices caused…

The number of financial cards in circulation is growing in 2022, as the South African economy fully reopens following the removal of all lockdown restrictions in June. Credit card spending is posting buoyant growth, supported by strong consumer…

The number of financial cards in circulation and the value of transactions using financial cards continue to rise in 2022, following a positive performance the previous year as India started to recover from the impact of the pandemic, which included…

Financial cards and payments in Austria continue to be shaped by the shift from cash to card transactions in 2022, following the easing of restrictions in line with falling cases of COVID-19. This is leading to the greater resumption of socialising…

2022 has seen many changes in the financial cards and payments space in the US. The beginning of the year saw a resurgence in spending following pent-up demand during the early stages of the COVID-19 pandemic. The reopening of retail outlets and…

The Taiwanese are adapting to post-pandemic life in 2022 but continue to embrace the new payment behaviours they readily adopted in pandemic period. Consumers continue to make more mobile payments and use digital wallets for a wealth of products,…