The Business Research Company’s Cards & Payments global market report, covers the year-on-year growth of the global Cards & Payments market historic and forecast growth. It also includes chapters on the Cards & Payments market trends, geographical analysis, and competitive landscape.

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The global cards and payments market size is expected to reach above $500 billion by 2022, significantly growing at a CAGR of around 6.8% during the forecast period.
Cards & Payments Market Trends

The cards and payments market consists of sales of cards and payments services by entities (organizations, sole traders and partnerships) that engage in storing, processing and transmitting payment card data. The card and payments industry includes issuing and acquiring banks, card processing and issuing companies, payment processing institutions such as banks, and non-banking financial corporations. Revenues generated from the cards and payments market include the processing and services fees or commissions levied by the banks and financial institutions for payment processing. This market excludes interest charged by the banks on credit cards or other cards.

Growing adoption of Europay, MasterCard, and visa (EMV) technology, increasing focus on security of card payments, growing demand of prepaid cards, are the major trends witnessed in the global cards and payments market.

The global Cards & Payments market is primarily driven by rise in increase increasing government initiatives in countries such as India and China to promote digital payments, improved earning capacity, emerging markets growth.

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The global Cards & Payments market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With greater stability in the oil and gas industry and high consumption of refined petroleum, the global Cards & Payments market is expected to increase in potential and scope. TBRC’s report also covers the Cards & Payments drivers and restraints in the market.

The global Cards & Payments market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global Cards & Payments market report are American Express Company, Visa, Bank of America, PayPal, Mastercard.

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