PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1326639
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1326639
Credit Card Issuance Services Market Introduction and Overview
According to SPER Market Research, 'Credit Card Issuance Services Market Size- By Type, By Issuers, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Credit Card Issuance Services Market is predicted to reach USD 1,119.09 billion by 2033 with a CAGR of 8.41%.
The process of obtaining a credit card involves the credit card issuer approving the customer's account, which might be handled by a separate entity from the card issuer itself. Once approved, the customer receives the credit card and can then use it to make purchases at merchants that accept that particular card. In essence, a credit card serves as a payment method, enabling cardholders to pay for goods and services based on the debt they accrue.
The COVID-19 pandemic had a substantial impact on the world market for credit card issuance services. Government-imposed restrictions and economic uncertainty restricted consumer spending, which also reduced the use of credit cards. Many people had financial problems that led to missed payments, lost employment, and a wary attitude towards borrowing.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Type, By Issuers, By End User
Regions covered Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered American Express Company, Entrust Corporation, fis, Fiserv, Inc., Giesecke+Devrient GmbH, GPUK LLP, Marqeta, Inc., Nium Pte. Ltd., Stripe, Inc., Thales, Others
Global Credit Card Issuance Services Market Segmentation:
By Type: Based on the Type, Global Credit Card Issuance Services Market is segmented as; Business Credit Cards, Consumer Credit Cards.
By Issuers: Based on the Issuers, Global Credit Card Issuance Services Market is segmented as; Banks, Credit Unions, NBFCs.
By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.