Financial Cards and Payments

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 ...

Overall consumer expenditure in Romania has been negatively impacted by the COVID-19 outbreak and consequent widespread decline in demand for services, tourism and foodservice throughout the country. Consumer payments were already shifting away from ...

Numerous interesting trends emerged in Peru’s financial cards and payments industry as a result of the COVID-19 pandemic during 2020. The most important and influential of these trends was the substantial shift seen away from the use of cash and ...

Overall consumer expenditure in Austria has been negatively impacted by the COVID-19 outbreak and consequent widespread decline in demand for services, tourism and foodservice throughout the country. Consumer payments were already shifting away from ...

Taiwan moved swiftly to contain COVID-19 and this appears to have paid dividends with far fewer cases and deaths recorded compared to comparable-sized markets. As such, the government has not felt compelled to introduce such strict restrictions as ...

Cash remains the most popular form of payment in Nigeria due to the large unbanked population, in addition to a fear of electronic fraud association with a high illiteracy rate, particularly amongst the lower-income members of society, coupled with ...

The COVID-19 pandemic had a major impact on Israel’s financial cards and payments industry during 2020. While the overall effects of the economic uncertainty that emerged quickly during the early stages of the pandemic situation and the adverse ...

The COVID-19 pandemic had a relatively limited use on the use of financial cards in Morocco during 2020. This mainly because cash remains the payment method used for the vast majority of transactions in the country. For this reason, the Moroccan ...

In 2020, the overall number of financial cards in circulation continued to increase in Saudi Arabia, although at a slower pace than in 2019 as pre-paid cards saw a significant drop as expatriates left the country as Saudisation progressed and charge ...

The most important impact of the COVID-19 pandemic on Ukraine’s financial cards and payments industry during 2020 was a substantial decrease in transactions of value and volume across all categories as consumer spending slumped over the course of the...

The emergence of the pandemic and subsequent lockdown measures introduced by the government in an attempt to control the spread of the virus had a significant impact on transaction value across consumer payment transactions in 2020, due to price ...

Overall consumer expenditure in Denmark has been negatively impacted by the COVID-19 outbreak and consequent widespread decline in demand for services, tourism and foodservice throughout the country. Consumer payments were already shifting away from ...

Financial cards and payments in Greece saw a slower performance during 2020 as the pressure that came on the incomes of many households led to reduced levels of spending. This has negative implications for overall cash and card payment transactions ...

The COVID-19 pandemic had a substantial impact on Hungary’s financial cards and payments industry during 2020. Perhaps the most noticeable and important changes seen in consumer behaviour during the year was the shift away from the use of cash and ...

The COVID-19 pandemic had a fairly limited impact on Norway’s financial cards and payments industry over the course of 2020. The main reason for this is that Norway’s official response to the pandemic was relatively moderate in comparison with what ...

Overall consumer expenditure in Argentina has been highly negatively impacted by the widespread decline in demand for services, tourism and foodservice caused by the COVID-19 pandemic throughout the country and consequent impact on GDP. Consumer ...

The change in credit conditions in the current situation has generated three distinct new trends in the financial cards and payment market: a drop in demand; a loosing of lending criteria; and a greater perception of risk by lenders....

The emergence of COVID-19 in Portugal and the subsequent lockdown measures introduced by the government in an attempt to halt the spread of the virus resulted in economic decline and rising unemployment levels, particularly for those in ...

The most obvious impact of the COVID-19 pandemic on Vietnam’s financial card payments industry during 2020 was the significant slowdown seen in growth in transactions volume and value across all categories. Although transactions value continue to ...

The emergence of COVID-19 in France and the subsequent lockdown measures introduced in March in an attempt to control the spread of the virus had a profound negative impact on financial cards and payments in 2020, in terms of the number of cards in ...