The cards market comprise
establishments engaged in storing, processing and transmitting payment cards
data. This market covers issuing and acquiring banks, card processing and
issuing companies and others. Revenue generated from the cards market include
all processing and service fees levied by banks and financial institutions for
processing card-based payments. It excludes interest charged by banks on payment
cards.
The cards market in this report
is segmented into debit cards, credit cards, charge cards and prepaid cards.
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The global cards market has been
growing in the past years with a CAGR of almost 1%. TBRC’s latest report show
the historic and future trends in the market for each year with sourced reasons
to support the growth claims.
The report also shows the global
cards market to grow at a higher CAGR by 2021 as compared to 2017, along with
geographies best suited for investments with highest return rate.
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report at:
The global payments industry has
witnessed rapid increase in the adoption of EMV technology. This growth is
driven by a higher level of data security offered by EMV chip and PIN cards as
compared to traditional magnetic stripe cards. EMV is a security standard for
various payment cards including debit, credit, charge and prepaid cards. The
chip carries data of the cardholder and the account, which is protected using
both hardware and software security measures. According to global technical
body EMVCo, the number of EMV chip payment cards across the world reached 4.8
billion by the end of 2015. In line with the rest of the world, the adoption
rate of EMV chip payment cards has steadily grown across various regions in
world, reaching 71.7% in Canada, Latin America and the Caribbean region, 61.2%
in Africa and the Middle East region, and 32.7% in Asia-Pacific region.
Companies included in the report
are American Express Company, Visa, Mastercard, FIS, and Bank of America.
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