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PUBLISHER: IMARC | PRODUCT CODE: 1287531
PUBLISHER: IMARC | PRODUCT CODE: 1287531
Credit Card Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global credit card payment market size reached US$ 521.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 827.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.78% during 2023-2028.
A credit card is a payment tool issued by financial institutions that offer a credit limit to cardholders for making purchases without the use of cash at the point of sale. It is a flexible mode of payment, which provides cardholders with more time to pay accrued charges to card issuers. It also helps increase the purchasing power of individuals, create a credit score for loans and mortgages, and provide cashback, miles points, and zero foreign transaction fees. Besides this, as it offers protection against fraudulent activities, the number of payments made via credit card is increasing across the globe.
Credit Card Payment Market Trends:
The rising demand for cash alternatives for emergency and down payment funds represents one of the key factors driving the market. Moreover, there is an increase in the utilization of credit cards for purchasing televisions (TV), laptops, smartphones, travel packages, and jewelry. This, along with the availability of affordable credit cards worldwide, is propelling the market growth of credit card payments. In addition, technological advancements in blockchain for higher security of the database are positively influencing the market. Besides this, several organizations are providing special credit cards to their employees for keeping records of travel, food, accommodation, and inventory, which is offering lucrative growth opportunities to end users and market investors. Additionally, credit cards are highly used in food, grocery, healthcare, hospitality, electronics, media and entertainment, travel and tourism industries around the world. Furthermore, major players are extensively investing in research and development (R&D) activities to offer enhanced digital prepaid card services to customers, which is projected to bolster the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global credit card payment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on card type, provider and application.
Breakup by Card Type:
General Purpose Credit Cards
Specialty Credit Cards
Others
Breakup by Provider:
Visa
Mastercard
Others
Breakup by Application:
Food and Groceries
Health and Pharmacy
Restaurants and Bars
Consumer Electronics
Media and Entertainment
Travel and Tourism
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Express Company, Bank of America Corporation, Barclays PLC, Capital One Financial Corporation (Signet Financial Corporation), Citigroup Inc., JPMorgan Chase & Co, Mastercard Inc., Synchrony, The PNC Financial Services Group Inc., United Services Automobile Association and Visa Inc.
Key Questions Answered in This Report:
- How has the global credit card payment market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global credit card payment market?
- What are the key regional markets?
- What is the breakup of the market based on the card type?
- What is the breakup of the market based on the provider?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global credit card payment market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR1623A288_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Credit Card Payment Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Card Type
- 6.1 General Purpose Credit Cards
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Specialty Credit Cards
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Provider
- 7.1 Visa
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Mastercard
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Application
- 8.1 Food and Groceries
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Health and Pharmacy
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Restaurants and Bars
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Consumer Electronics
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Media and Entertainment
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Travel and Tourism
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 American Express Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Bank of America Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Barclays PLC
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Capital One Financial Corporation (Signet Financial Corporation)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Citigroup Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 JPMorgan Chase & Co
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Mastercard Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Synchrony
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 The PNC Financial Services Group Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 United Services Automobile Association
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 SWOT Analysis
- 14.3.11 Visa Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.1 American Express Company
Product Code: SR1623A288_Report
List of Figures
- Figure 1: Global: Credit Card Payment Market: Major Drivers and Challenges
- Figure 2: Global: Credit Card Payment Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Credit Card Payment Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Credit Card Payment Market: Breakup by Card Type (in %), 2022
- Figure 5: Global: Credit Card Payment Market: Breakup by Provider (in %), 2022
- Figure 6: Global: Credit Card Payment Market: Breakup by Application (in %), 2022
- Figure 7: Global: Credit Card Payment Market: Breakup by Region (in %), 2022
- Figure 8: Global: Credit Card Payment (General Purpose Credit Cards) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Credit Card Payment (General Purpose Credit Cards) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Credit Card Payment (Specialty Credit Cards) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Credit Card Payment (Specialty Credit Cards) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Credit Card Payment (Other Card types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Credit Card Payment (Other Card types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Credit Card Payment (Visa) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Credit Card Payment (Visa) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Credit Card Payment (Mastercard) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Credit Card Payment (Mastercard) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Credit Card Payment (Other Provider) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Credit Card Payment (Other Provider) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Credit Card Payment (Food and Groceries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Credit Card Payment (Food and Groceries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Credit Card Payment (Health and Pharmacy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Credit Card Payment (Health and Pharmacy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Credit Card Payment (Restaurants and Bars) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Credit Card Payment (Restaurants and Bars) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Credit Card Payment (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Credit Card Payment (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Credit Card Payment (Media and Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Credit Card Payment (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Credit Card Payment (Travel and Tourism) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Credit Card Payment (Travel and Tourism) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Credit Card Payment (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Credit Card Payment (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: North America: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: North America: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: United States: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: United States: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Canada: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Canada: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia-Pacific: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia-Pacific: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: China: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: China: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Japan: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Japan: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: India: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: India: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: South Korea: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: South Korea: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Australia: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Australia: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Indonesia: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Indonesia: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Others: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Others: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Europe: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Europe: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Germany: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Germany: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: France: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: France: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: United Kingdom: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: United Kingdom: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Italy: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Italy: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Spain: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Spain: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Russia: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Russia: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Latin America: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Latin America: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Brazil: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Brazil: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Mexico: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Mexico: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Middle East and Africa: Credit Card Payment Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Middle East and Africa: Credit Card Payment Market: Breakup by Country (in %), 2022
- Figure 82: Middle East and Africa: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Global: Credit Card Payment Industry: SWOT Analysis
- Figure 84: Global: Credit Card Payment Industry: Value Chain Analysis
- Figure 85: Global: Credit Card Payment Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Credit Card Payment Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Credit Card Payment Market Forecast: Breakup by Card Type (in Million US$), 2023-2028
- Table 3: Global: Credit Card Payment Market Forecast: Breakup by Provider (in Million US$), 2023-2028
- Table 4: Global: Credit Card Payment Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Credit Card Payment Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Credit Card Payment Market: Competitive Structure
- Table 7: Global: Credit Card Payment Market: Key Players
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