Credit Card Payment Market Analysis, Top Companies, New Technology, Demand and Opportunity

Global Credit Card Payment Market Research Report 2022-2027

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Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group

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Report Description

International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Report Description and Highlights Report Description Global Credit Card Payment Market Outlook 2022-2027: The latest report by IMARC Group, titled “Credit Card Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global credit card payment market size reached US$ 477.63 Billion in 2021.

A credit card is a payment tool issued by financial institutions with a pre-set credit limit that allows cardholders to make purchases without using cash at the point of sale. It helps increase the purchasing power of individuals by allowing individuals to pay the charges accrued as a balance on a monthly billing cycle.

It also creates a credit score for loans and mortgages, provides cashback, miles points and zero foreign transaction fees, and offers protection against fraudulent activities. As a result, there has been a significant increase in the number of credit card payments across the globe.

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Report Description and Highlights

Report Description

Global Credit Card Payment Market Drivers/Constraints: The market is primarily driven by the escalating demand for cash alternatives for making payments. In addition, the widespread availability of affordable credit cards represents another major growthinducing factor. Besides this, individuals use credit cards to purchase laptops, televisions (TV), smartphones, travel packages, and jewelry.

This, coupled with various advancements in blockchain technology that offer higher security, is positively influencing the market growth. Moreover, the growing popularity of special credit cards offered by enterprises to their employees for keeping records of travel, food, accommodation, and inventory is creating a positive market outlook across the globe. Furthermore, the increasing research and development (R&D) activities to offer enhanced digital prepaid card services have encouraged individuals to opt for credit card payments.

Furthermore, rapid urbanization in developing economies and the rising product adoption in food, grocery, healthcare, hospitality, electronics, media and entertainment, travel, and tourism industries are some of the other factors augmenting the market growth.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/credit-card-payment-market

Report Description and Highlights

Report Description Key Market Segmentation

The research report includes the following segments:

Breakup by Card Type: • •

General Purpose Credit Cards Specialty Credit Cards

Breakup by Provider: • •

Visa Mastercard

Looking forward, IMARC Group expects the market to reach a value of US$ 762.16 Billion by 2027, exhibiting a CAGR of 7.80% during 2022-2027.

Report Description and Highlights

Report Description Breakup by Application: • • • • • •

Food and Groceries Health and Pharmacy Restaurants and Bars Consumer Electronics Media and Entertainment Travel and Tourism

Breakup by Region: • • • • •

North America Asia Pacific Europe Latin America Middle East and Africa

Report Description and Highlights

Report Description Competitive Landscape: • • • • • • • • • • •

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

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc.

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Key Questions Answered in the Report

Report Description

1. What has been the historical growth rate of the global Credit Card Payment Market?

2. What has been the impact of COVID-19 on the global Credit Card Payment Market?

3. What are the key factors driving the global Credit Card Payment Market?

4. What is the breakup of the global Credit Card Payment Market based on the type?

5. What is the breakup of the global Credit Card Payment Market based on the application?

6. What is the breakup of the global Credit Card Payment Market based on the distribution channel?

7. What are the key regions in the global Credit Card Payment Market?

8. Who are the key players/companies in the global Credit Card Payment Market?

Report Description 1

Preface

2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology

3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends

Table of Contents

Report Description 5

Table of Contents

Global Credit Card Payment Market Industry 5.1 5.2 5.3 5.4 5.5 5.6 5.7

Market Overview Market Performance Impact of COVID-19 Market Breakup by Card Type Market Breakup by Provider Market Breakup by Application Market Breakup by Region

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A partial List of

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

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