Store Card Transactions

Slumps in cards issued and transactions (volume and current value) in 2019 show that the category was struggling prior to the outbreak of Coronavirus (COVID-19). Nonetheless, double-digit downturns in 2019 were followed by exponential declines in…

The loosening of COVID-19 restrictions from 2021 could have resulted in a recovery of the number of store cards in 2022, but figures remain in declines. From March 2020 to mid-2021, lockdown measures, including the closure of non-essential retailers,…

Store cards in Chile are on a downward trajectory. This is mainly due to two factors. First, local consumers now have greater flexibility due to a broader range of other financial cards (credit, pre-paid, debit) that allow purchases in other stores.…

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

The presence of store cards remained negligible in Greece during 2022. No major interest in launching products in this category of the financial cards has been shown by any of the country’s financial cards issuers. In particular, the unfavourable…

Overall, store cards are on the decline, with both current transaction value and cards in circulation expected to fall in 2022. Some consumers no longer see the benefits of store cards and prefer to use pre-paid, credit or debit cards. Furthermore,…

Store cards account for a relatively small share of card payment transactions in Spain compared to credit, charge and particularly debit cards. Many local consumers are not well informed about the rewards and credit possibilities that store cards…

Store cards have a negligible presence in Vietnam with there being little interest or awareness of these card products. Furthermore, the government strictly controls the supply of credit in Vietnam which makes it a complicated and lengthy process to…

There were no store cards with “pay later” options available in Turkey at the end of the review period. All cards issued by retailers are closed loop pre-paid cards that enable payment in specific retail outlets. Over the forecast period, prospects…

Store cards will strengthen its performance in 2022 and is set to register strong growth in both transaction volume and value terms. This is thanks to the easing of COVID-19 restrictions, which is encouraging consumers to shop in physical stores more…

Although facing significant competition from credit cards, store cards is seeing growth in 2022 both in terms of the value and volume of transactions but also in terms of the number of cards. The category suffered from a strong decline in…

The use of store cards continues to decrease significantly, since most of them are no longer handled by the store itself and have come to be handled by the most important operators in the category, such as Visa in the case of the CMR card from…

Store cards continued to register a negative performance in terms of both the number and value of transactions in 2022, continuing the trend established during the review period. This was due to strong competition from other financial card types and…

Store cards remained non-existent in Israel in 2021. No retailers have expressed a strong interest in offering these types of financial cards. Moreover, there is currently no indication that store cards will emerge in the country at any point during…

Store cards are often referred to as “Gaisho Cards” in Japan. Gaisho is a department most often found in department stores, positioned somewhat like direct selling. Gaisho are elite staff members with high levels of skill and experience, and these…

Unlike card payment transactions in general, store card transactions have not experienced any positive growth drivers from the pandemic in Austria. Similarly, the easing of restrictions, leading to the resumption of socialising and the return to more…

Store cards are not available in Taiwan. Hypermarket chain Carrefour was the last retailer to offer such cards and it ceased its operations in 2005. A trend towards alternative payment options such as digital wallets and the widespread popularity of…

Store cards registered a declining trend even before the pandemic, in terms of both the number and value of transactions, and this trend continued in 2022. Although Sweden is fast becoming a cashless society, store cards were viewed as being…

In 2021 the number of store card transactions saw slowed decline following on from a slightly deeper dip during the pandemic in 2020. In 2022, store card transactions has returned to healthy positive grow in terms of number of transactions. When it…

Following a strong recovery in store card transaction values in 2021, growth is slowing in 2022. The return of consumers to shopping malls continues to have a positive impact, but overall store card transactions remain below pre-pandemic levels in…