Bank cards market sees rise in penetration of credit cards

DUBLIN: The "Global Bank Cards Market (20212026) by Payment Transactions, Card Type, Service Provider, Application, End User,, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The upsurge in need for consumer credit manages to be very obvious in an economic disaster during the COVID-19 outbreak where pay setbacks and job losses are possible, and the individuals are using to cover their daily costs showing in their credit card balance. Hence, the growth in demand for bank cards leads to the expansion of the market. Also, the growth is mostly because of the companies reordering their operations & regaining from the COVID-19 effect, which headed to isolated working, social distancing, and the closing of profitable activities that caused operational challenges.

The threat of counterfeit losses on credit cards, general-purpose prepaid debit, and private label payment is supplied across the world. So, the growing occurrences of fraud are anticipated to hamper the progress of the bank cards market in the coming years.

The Global Bank Cards Market is segmented further based on Payment Transactions, Card Type, Service Provider, Application, End User, and Geography.

By Payment Transactions, the market is classified as ATMs and POS. Amongst the two, the ATMs segment is estimated to hold the highest market share during the forecast period.

By Card Type, the market is classified as charge cards, credit cards, debit cards, and prepaid cards. Amongst all, the debit cards segment is estimated to hold the highest market share during the forecast period. By Service Provider, the market is classified as visa, MasterCard, RuPay, and others. Amongst all, the MasterCard segment is estimated to hold the highest market share during the forecast period.