Key Market Indicators
The number of credit cards in China is projected to hit almost 900,000 thousand by 2026. In 2021, the country was second only to the US, with 766,390 thousand units in supply. This represented a 10.5% rise from 2017. China, Japan and Brazil ranked second, third and fourth respectively in the global ranking. This figure is expected to grow by an average of 2.6% year-on-year.
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Credit Cards Dynamics: Unveiling Global Trends and Key Market Influencers
Continuous global digitalization is influencing the credit card market's dynamics, with Asia Pacific emerging as a domain of rapid growth due to escalating digital payment adoption. Moreover, cards offering various cash-back options and reward points have gained traction, encouraging a consumption-led economy. However, the traction comes paired with rising consumer...
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Gift Cards Sector: Understanding Dynamics Through Market Research Insights
The gift cards market operates in a fluctuating environment influenced by several factors that necessitate periodic monitoring. Consumer purchasing behaviors and cultural trends significantly determine not only the demand for gift cards, but also their perceived value. Economic conditions also play a vital role, with economic downturns often leading to...
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Credit Card Industry: Unpacking Trends and Impact of Co-branded Strategy
The credit card industry has seen significant growth and change in recent years, particularly marked by the advent of digital innovations and shifting consumer behaviors. With the globalization of financial services, the demand for credit cards has surged, creating a highly competitive market landscape. Additionally, consumer expectations are increasingly geared...
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Gift Cards: A Global Analysis of Emerging Trends and Opportunities
The global gift card market is undergoing considerable change, a positive transformation driven by technological evolution and changing consumer preferences. A notable trend is the shift toward e-gift cards, which can be personalized and delivered instantly, thereby increasing their appeal to consumers. Mobile-based and digital gift cards are also gaining...
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Gift Cards: Unearthing Global Trends, Opportunities, and Market Dynamics in the Digital Age
In the evolving economic landscape, emerging trends indicate heightened consumer preference for prepaid spending mechanisms. Gift cards, digital or physical, hold significant weight in this segment, providing a flexible option for transactional or promotional operations. Their global acceptance has been emboldened by the increased digitization of commerce, offering a ready...
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