Credit Card Payments Market Share 2022, Industry Growth Analysis, Forecast to 2027


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Credit card payment market

Growing demand for financial alternatives for emergencies and monthly payments is one of the major drivers of the credit card payments market

SHERIDAN, ALABAMA, USA, Feb. 2, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Credit Card Payments Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027″, the global Credit Card Payments Market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% over the period 2022-2027.

A credit card is a payment device offered by financial organizations that allows its holder to make purchases without using cash at the point of sale by granting them a credit limit. It is a dynamic payment method that allows cardholders to pay fees collected from card issuers over time. A credit card helps consumers increase their purchasing power, build a credit score for home loans, and provide cash back, mileage points, and no international transaction costs. As a result, credit card payment solutions are used in many industries, such as healthcare, food and beverage (F&B), travel, etc.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Global credit card payments market trends:

The growing demand for financial alternatives for emergencies and monthly payments is one of the major factors driving the credit card payment market. Additionally, the increasing use of the products to purchase televisions, computers, cell phones, vacation packages, jewelry, etc., is further catalyzing the growth of the market. Additionally, the widespread availability of low-cost credit cards is acting as another important growth driver. In addition to this, various advancements in Blockchain technology aimed at ensuring database security are also increasing the global credit card market. In addition, several companies are offering personalized credit cards to their staff to track travel, meals, accommodation and inventory, further boosting product demand. Apart from this, increasing investments in research and development (R&D) activities aimed at providing customers with enhanced digital prepaid card services are expected to bolster the credit card payments market in the coming years.

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Analysis and segmentation of the global credit card payments market 2022-2027:

Competitive landscape with key players:

The competitive landscape of the industry was also reviewed, along with the profiles of key players, namely:

American Express Company
Bank of America Corporation
Barclays PLC
Capital One Financial Corporation (Signet Financial Corporation)
Citigroup Inc.
JPMorgan Chase & Co
Mastercard Inc.
Synchrony
PNC Financial Services Group Inc
United Services Automobile Association
visa inc.

Breakdown by card type:

General Purpose Credit Cards
Specialized credit cards
Others

Breakdown by supplier:

Visa
MasterCard
Others

Breakdown by application:

Food and groceries
Health and Pharmacy
Restaurants and bars
Consumer electronics
Media and entertainment
travel and tourism
Others

Breakdown by region:

North America (USA, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, others)
The Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Main highlights of the report:

Market performance
Market Outlook
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
Value chain
Complete mapping of the competitive landscape

Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.

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About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

Elena Anderson
IMARC Group
+1 631-791-1145
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