Global Charge Card Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

11 Nov, 2021

The charge card market consists of sales of charge card services by entities (organizations, sole traders, and partnerships) that are engaged in storing, processing, and transmitting payment card data. Charge cards are similar to credit cards but do not have a preset credit limit. Cardholders are not charged any interest and are required to pay the outstanding balance in full upon receiving a statement. Only goods and services traded between entities or sold to end consumers are included.

Global Charge Card Market Size And Drivers:

The global charge card market is expected to grow from $1.92 billion in 2020 to $1.98 billion in 2021 at a compound annual growth rate (CAGR) of 3.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The charge card market is expected to reach $2.05 billion in 2025 at a CAGR of 0.9%. No pre-set spending limit and greater flexibility in spending contributed to the growth of the charge card market.

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Global Charge Card Market Segments:
The global charge card market is further segmented –
By Type: Gold Card, Platinum Card, Plum Card, Business Gold Card, Business Platinum Card, Others
By Institution Type: Banking Institutions, Non-Banking Institutions
By Geography: The global charge card market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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https://www.thebusinessresearchcompany.com/report/charge-card-global-market-report

Charge Card Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides charge card market overviews, analyzes and forecasts market size and growth for the global charge card market, charge card market share, charge card market players, charge card market segments and geographies, charge card market’s leading competitors’ revenues, profiles and market shares. The charge card market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.