Global Credit Card Issuance Services Market Growth Drivers 2024, Forecast To 2033
8 Mar, 2024
The credit card issuance services market has witnessed strong growth, increasing from $478.09 billion in 2023 to $522.22 billion in 2024, with a CAGR of 9.2%, driven by consumer spending and financial inclusion. Future growth is projected, reaching $717.7 billion by 2028, with a CAGR of 8.3%, driven by contactless payments and embedded finance. Trends include biometric authentication and real-time processing.
Global Credit Card Issuance Services Market Key Driver
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Get A Free Sample Of The Global Credit Card Issuance Services Market ReportGlobal Credit Card Issuance Services Market Segments
The credit card issuance services market covered in this report is segmented –
1) Type:Consumer Credit Cards, Business Credit Cards
2) Issuers:Banks, Credit Unions, Non-Banking Financial Companies
3) End-User:Personal, Business
By Geography: The countries covered in the credit card issuance services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the credit card issuance services market in 2023. The regions covered in the credit card issuance services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Credit Card Issuance Services Industry Players
JPMorgan Chase & Co.; Bank of America Corporation; Citigroup Inc.; American Express Company; HSBC Holdings plc.; Toronto-Dominion Bank Group; Goldman Sachs Group Inc.; Capital One Financial Corporation; Barclays Bank PLC; Visa Inc.; U.S. Bancorp; Standard Chartered PLC; PNC Financial Corp.; Mastercard Inc.; Fiserv Inc.; Synchrony Financial; Fidelity National Information Services Inc.; Stripe Inc.; Wells Fargo & Co.; Fifth Third Bank NA; Navy Federal Credit Union; Huntington Bancshares Incorporated; Santander Bank N.A.; Giesecke+Devrient GmbH; Synovus Financial Corp.; Penfed Federal Credit Union; Marqeta Inc.; Entrust Corporation; Comenity Bank; Nium Pte. Ltd.
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Credit Card Issuance Services Market Overview
Credit card issuance services refer to issuing people or organizations credit cards so they can make purchases on credit and repay the borrowed money over time, frequently with additional interest and fees.