Cards & Payments Global Market Report 2022

Major companies in the cards and payments market include American Express, Banco Santander, Visa, PayPal, MasterCard, Nippon Telegraph And Telephone Corp, Industrial and Commercial Bank of China, Apple, China Construction Bank, and Intesa Sanpaolo.

The global cards & payments market is expected to grow from $763.2 billion in 2021 to $847.56 billion in 2022 at a compound annual growth rate (CAGR) of 11.1%. The market is expected to grow to $1,269.23 billion in 2026 at a compound annual growth rate (CAGR) of 10.6%.

The cards and payments market consists of sales of cards and payments services by entities (organizations, sole traders, and partnerships) that are engaged in storing, processing, and transmitting payment card data.

The main types of cards and payments are cards and payments.The cards refer to the debit and credit cards that are issued by a bank to manage financial transactions.

The various institution types include banking institutions, non-banking institutions. The cards are used for food and groceries, health and pharmacy, restaurants and bars, consumer electronics, media and entertainment, travel and tourism, other applications.

Asia Pacific was the largest region in the cards & payments market in 2021.Western Europe was the second largest region in the cards & payments market.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Cards and payments companies are investing in technologies and formulating guidelines to prevent card and payment fraud.In this regard, payment service providers and merchants have implemented various solutions including the Payment Card Industry Data Security Standard (PCI DSS) compliance, EMV technology, 3-D Secure services, tokenization, biometrics, and end-to-end encryption.

To combat the constantly evolving card fraud methods, the National Retail Federation (NRF) also updates its security guidelines continuously.

The countries covered in the cards and payments market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.