14.87% CAGR for credit pay­ment mar­ket till 2020

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The Novonous re­port titled ‘Global Credit Debit Pay­ment Card Mar­ket 2016-2020’ ex­pects the global credit & debit pay­ment card mar­ket to grow at 14.87% CAGR till 2020, rep­re­sent­ing huge op­por­tu­ni­ties in this sec­tor. This growth will be pro­pelled mainly due to the un­prece­dented boom of the global ecom­merce mar­ket and surg­ing ac­cep­tance of the mo­bile pay­ments mar­ket. In terms of trans­ac­tion value in USD, 87% of global credit/debit card mar­ket is cap­tured by North Amer­ica, Europe and APAC re­gion. Visa Inc. has dis­played a clear dom­i­na­tion, ac­count­ing for about 60% mar­ket share in 2014. Visa debit cards alone hold a share of over 37% of the en­tire in­dus­try. In terms of ge­og­ra­phy, the APAC re­gion has dis­played the high­est growth per­cent­age in 2014.

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