Home > Financial > The Global Cards Market Is Expected To Grow To $335 Billion By 2021 According To TBRC’s Latest Repor

The Global Cards Market Is Expected To Grow To $335 Billion By 2021 According To TBRC’s Latest Repor

Added: (Thu May 10 2018)

Pressbox (Press Release) - The cards market comprise establishments engaged in storing, processing and transmitting payment cards data. This market covers issuing and acquiring banks, card processing and issuing companies and others. Revenue generated from the cards market include all processing and service fees levied by banks and financial institutions for processing card-based payments. It excludes interest charged by banks on payment cards.

Order the report at

https://www.thebusinessresearchcompany.com/report-preview.aspx?id=650

The reason for the substantial growth of cards market from $259 billion in 2017 to $335 billion by 2021 is the increasing government initiatives in countries such as India and China to promote digital payments. Other factors which drive the market include the increase in trade and transactions as the global economy expands.



The cards market in this report is segmented into debit cards, credit cards, charge cards and prepaid cards. Credit cards was the largest segment with 43% share of the global cards market.

Download a sample of the report at

https://www.thebusinessresearchcompany.com/sample.aspx?id=650&type=smp

The USA was the largest country in the cards industry in 2017, accounting for more than half of the global market. This can be attributed to high credit card usage for card payments, followed by China and India.

The cards market is fairly concentrated with a small number of global players constituting a significant market share. The top nine competitors in the market made up one-third of the total market in 2017. American Express Company was the largest competitor, followed by Visa, MasterCard, FIS and so on. he American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in New York City. The company was founded in 1850. The company is best known for its credit card, charge card, and traveller’s cheque businesses.

About the Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information.

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Submitted by:+44 207 1930 708
Disclaimer: Pressbox disclaims any inaccuracies in the content contained in these releases. If you would like a release removed please send an email to remove@pressbox.co.uk together with the url of the release.