Digital Gift Card Global Market Report 2023 – By Functional Attribute (Open Loop Gift Card, Closed Loop Gift Card), By Business Type (Business to Business (B2B), Business to Consumer (B2C)), By Application (Consumer Goods, Health and Wellness, Restaurants and Bars, Travel and Tourism, Media and Entertainment, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Loyalty management refers to a set of operations aimed at providing superior customer service. The concept analyzes how businesses may attract, engage, and retain customers. Loyalty management provides benefits, experiences, and rewards that drive long-term engagement with customers. The main components of loyalty management are software and service. Loyalty management software connects businesses with customers across all touchpoints and tracks individual consumer purchasing patterns across online and offline channels. The various deployment types of loyalty management include cloud, and on-premises for organization types including small and medium-sized enterprises, and large enterprises. Loyalty management is used in various end-use industries including BFSI, IT, telecommunication, transportation, retail, hospitality, media and entertainment, and other end-users. The global loyalty management market is segmented - 1) By Component: Software, Services 2) By Deployment: Cloud, On-Premises 3) By Organization Type: Small & Medium-Sized Enterprises, Large Enterprises 4) By End Use: BFSI, IT, Telecommunication, Transportation, Retail, Hospitality, Media And Entertainment, Other End-Users The global loyalty management market size will grow from $8.44 billion in 2022 to $9.82 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The loyalty management market size is expected to grow to $18.28 billion in 2027 at a CAGR of 16.8%. The rise in the number of cardholders and the use of reward points is driving the growth of the loyalty management market. Businesses utilize customer loyalty cards to encourage clients to return to their stores for repeat business. Customer loyalty cards also provide insight into customer purchasing habits, allowing businesses to evaluate customized incentives. For instance, according to a 2022 Customer Loyalty Data Survey conducted on 1,276 U.S. consumers by Clarus Commerce, 61% of customers reported that after obtaining better incentives, they’ve switched from a brand they regularly use to a brand that offered better incentives. Also, in India, the banking system reported nearly 1.1 million new credit card additions in September 2021, with a 57% increase in credit card spending over the previous year. Therefore, a rise in the number of cardholders and the use of reward points is driving the growth of the loyalty management market. Major players in the loyalty management market are AIMIA Inc., Bond Brand Loyalty Inc., IBM Corporation, Oracle Corporation, Comarch SA, SAP SE, Epsilon Data Management LLC, ICF International Inc., Kobie Marketing Inc., TIBCO Software Inc., MicroStrategy Inc., The Lacek Group Inc., Capillary Technologies, Brierley Partners, Fidelity National Information Services Inc., Lumata Group, Fivestars, Maritz Holdings Inc., Antavo Limited, Apex Loyalty, Sailplay, Paystone Inc., Annex Cloud, Blue ocean and Salesforce Inc. Investing in analytics and business intelligence tools for relevant rewards and incentive schemes is gaining popularity in loyalty management programs. Companies in loyalty management are investing in analytics and business intelligence tool for a targeted customer approach. Collecting engagement data throughout a company’s clients' buying journeys can help the company gain a better understanding of how they behave and how to communicate with them most effectively. For instance, in May 2021, a US-based software company, Salesforce introduced new CDP (Customer Data Platform) improvements to guarantee that customer data becomes smarter and more linked, making it simpler for businesses to act on it in a more trustworthy manner. CDPs guarantee that all addressable channels have access to a uniform profile, and that personalization and relevance are implemented. In June 2021, BharatPe, the payments solution provider in India acquired Payback from American Express and ICICI Investments Strategic Fund for a deal amount of $27 million. As a result of the acquisition, BharatPe expects to be able to provide its customers with a lucrative set of offerings, increasing footfalls at merchants and accelerating their business growth. In addition to building a network of over 20 million small merchants by 2023, the company will also enhance its value proposition for merchant partners. Payback is an Indian-based multi-brand loyalty management company. North America was the largest region in the loyalty management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the loyalty management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the loyalty management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The loyalty management market includes revenues earned by entities by providing loyalty management services and software (e.g., channel loyalty, customer loyalty, and customer retention). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The loyalty management market research report is one of a series of new reports from The Business Research Company that provides loyalty management market statistics, including the loyalty management industry global market size, regional shares, competitors with a loyalty management market share, detailed loyalty management market segments, market trends and opportunities, and any further data you may need to thrive in the loyalty management industry. This loyalty management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Blockchain is an immutable shared ledger that records online transactions, tracks assets, and builds trust in a business network. The main components of blockchain in retail includes platform/solutions and services. The blockchain platform or software solutions in retail designed for inventory management, person to merchant transactions, preventing cyber-attacks, product provenance, preventing counterfeit goods and fraud, and others. The providers of blockchain in retail includes application providers, middleware providers, and infrastructure providers. These solutions are used in large enterprises and small and medium enterprises for compliance management, identity management, loyalty & rewards management, payments, smart contracts, supply chain management, and others. The global blockchain in retail market is segmented - 1) By Component: Platform/Solutions, Services 2) By Providers: Application Providers, Middleware Providers, Infrastructure Providers 3) By Application: Compliance Management, Identity Management, Loyalty and Rewards Management, Payments, Smart Contracts, Supply Chain Management, Other Applications 4) By Organization Size: Large Enterprises, Small & Medium Enterprises (SMEs) The global blockchain in retail market size will grow from $0.88 billion in 2022 to $1.64 billion in 2023 at a compound annual growth rate (CAGR) of 87.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the blockchain in retail is expected to grow to $21.11 billion in 2027 at a CAGR of 89.3%. The increase in demand for transparency in the retail supply chain is driving the blockchain in the retail market. Transparency in the retail supply chain demands complete disclosure of information at every link, which includes sourcing of raw material, water usage in textile dying, customer care instructions, the environmental impact of goods distribution and others. The companies operating in the retail sector are investing in blockchain technologies to increase transparency to enhance customer experience, employee satisfaction, revenue boost, and others. For instance, according to the survey conducted by Serai in collaboration with KMPG in 2021, more than two-thirds of respondents from the apparel industry reported supply chain transparency is an extremely important issue in the current scenario. Thus, an increase in transparency in the retail supply chain is expected to boost blockchain in the retail market during the forecast period. Major players in the blockchain in retail market are IBM, SAP, Oracle Corporation, Bitfury, Auxesis Group, Sofocle, Tata Consultancy Services, Amazon Web Services, Cegeka, Provenance, Reply, Retraced, Blockchain Foundary, and Cognizant. Technological developments are a key trend gaining popularity in blockchain in the retail market. The companies operating in blockchain in the retail market are focusing on developing innovative technological solutions to meet the technical requirements and demands of end-users across the globe. For instance, in November 2022, Clarins, a France-based plant-based beauty products manufacturer, launched a blockchain-based platform for product traceability, The platform makes use of blockchain technology to guarantee total transparency, enabling the business to store and send data in a secure manner and also create a database that documents safe transactions between various suppliers and producers, using a system that verifies users' identities without allowing for any editing. In February 2020, iQSTEL Inc., a US-based provider of telecommunication and technology services acquired a 75% stake in itsBchain, a US-based provider of blockchain solutions for carriers, the corporate and retail market for an undisclosed amount. Through this, iQSTEL Inc., is focused on expanding its operations and business presence in the smart contracts and blockchain technologies sector-specific to the telecommunication industry. North America was the largest region in the blockchain in retail market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the blockchain in retail market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The blockchain in the retail market includes revenues earned by entities by managing inventory, tracking supply chain, marketing, and analyzing data. Blockchain technology helps the retail industry by making the supply chain and inventory more secure and processes more transparent. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The blockchain in the retail market research report is one of a series of new reports from The Business Research Company that provides blockchain in the retail market statistics, including blockchain in the retail industry global market size, regional shares, competitors with a blockchain in the retail market share, detailed blockchain in the retail market segments, market trends and opportunities, and any further data you may need to thrive in the blockchain in the retail industry. This blockchain in the retail market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

M-commerce payments refer to the use of mobile phones and tablets to complete transactions online for any purchase of online products or services. M-commerce payments are helpful as they provide convenience to the user and save time and effort and involve buying and selling goods and services online through smartphones and tablets. The main payment methods in the m-commerce market are near-field communication (NFC), premium SMS, wireless application protocol (WAP), and direct carrier billing. Near-field communication is a wireless technology that improves the functionality of smartphones, tablets, wearables, payment cards, and other devices across a short distance. Contactless payments are made possible via NFC technology, which is used in mobile wallets. The different m-Commerce modes of transactions include mobile retailing, mobile booking or ticketing, mobile banking, and mobile billing, which are used by end-use industries such as retail, hospitality and tourism, IT and telecommunication, BFSI, media and entertainment, healthcare, and airlines. The global m commerce payment market is segmented - 1) By Payment Method: Near Field Communication, Premium SMS, Wireless Application Protocol, Direct Carrier Billing 2) By Mode of Transaction: Mobile Retailing, Mobile Booking or Ticketing, Mobile Banking, Mobile Billing 3) By End-use Industry: Retail, Hospitality And Tourism, IT And Telecommunication, BFSI, Media And Entertainment, Healthcare, Airline The global m-commerce payment market size will grow from $7.26 billion in 2022 to $10.05 billion in 2023 at a compound annual growth rate (CAGR) of 38.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the m-commerce payment is expected to grow to $38.62 billion in 2027 at a CAGR of 40.0%. The increasing mobile and internet penetration is expected to propel the growth of the m-commerce payment market. M-commerce payment is the use of wireless handheld devices like mobile phones and tablets to conduct commercial transactions online, including the purchase and sale of products, online banking, and paying bills. The increasing internet access and penetration allow more people to access m-commerce services, driving the market. According to Data Reportal, a Singapore-based business intelligence company, as of October 2021, 4.88 billion people (almost 62%) in the world are using the internet. According to forecasts from Ericsson and The Radicati Group, the number of smartphone users is expected to increase from 6.05 billion in 2020 to nearly 7.33 billion by 2025. Therefore, increasing mobile and internet penetration is driving the m-commerce payment market growth. Major players in the m-commerce payment market are ACI Worldwide, Inc., Alphabet Inc., BHIM UPI, Fidelity National Information Services, Fiserv, Inc., Freecharge, Google Pay, Mastercard, MobiKwik, Orange S.A, PayPal Holdings, PayUMoney, Samsung, Square, Inc., Visa, Inc., Alipay, American Express, Apple Inc., China UnionPay, DH Corporation, Discover, Ingenico, Jack Henry & Associates Inc., and Tenpay. The use of digital wallets is a key trend gaining popularity in the m-commerce payment market. Digital wallets are a software-based system that securely stores users' payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly. According to RetailCustomerExperience, digital wallets are the most popular payment approach globally in 2020, with 21.5% of the payment transactions. For instance, in 2021, India-based mobility solutions company, Comviva, launched its next generation digital wallet and payment platform, mobiquity® Pay X. The new platform significantly strengthens security with robust authentication and authorization modules and powers over 70 digital wallets and payment services. In August 2021, Paysafe Limited, a UK-based specialized payment solutions company SafetyPay for a deal of $441 million. Through this acquisition, Paysafe Limited aims to strengthen its foothold in Latin America’s alternative payment solutions market. SafetyPay is a US-based online payment service provider. Asia-Pacific was the largest region in the m-commerce payment market in 2022. Asia-Pacific is expected to have the highest CAGR in m-commerce payment market share. The regions covered in the m-commerce payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the m-commerce payment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The m-commerce payments market includes revenues earned by entities by offering M-commerce payment solutions that can be used to provide users with transactions using mobile devices by enhancing the speed of transactions, secured payment methods, integrated loyalty programs, and convenient options for payment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The m-commerce payment market research report is one of a series of new reports from The Business Research Company that provides m-commerce payment market statistics, including m-commerce payment industry global market size, regional shares, competitors with a m-commerce payment market share, detailed m-commerce payment market segments, market trends and opportunities, and any further data you may need to thrive in the m-commerce payment industry. This m-commerce payment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

In-app purchase refers to the purchase of additional services and features or functions in an application on computers, smartphones, and tablets. It offers access to additional features and content, including digital goods, premium content, and subscriptions, directly within the application. It also offers access to the application developers to provide basic content free of charge and monetize specialized features of the product. The main types of in-app purchases are consumable, non-consumable, and subscription. Consumable in-app purchases refer to consumable digital products which can be used for a single time only. The consumables will become depleted by the single use and need to be purchased again. The different in-app purchase operating systems include Android, iOS, and other operating systems. The app categories for in-app purchases include gaming, entertainment and music, health and fitness, travel and hospitality, retail and e-commerce, education and learning, and other app categories. The global in app purchase market is segmented - 1) By Type: Consumable, Non-Consumable, Subscription 2) By Operating System: Android, iOS, Other Operating Systems 3) By App Category: Gaming, Entertainment And Music, Health And Fitness, Travel And Hospitality, Retail And E-Commerce, Education And Learning, Other App Categories The global in-app purchase market size will grow from $141.75 billion in 2022 to $176.63 billion in 2023, at a compound annual growth rate (CAGR) of 24.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the in-app purchase is expected to grow to $419.87 billion in 2027 at a CAGR of 24.2%. The increase in downloads of video streaming, gaming, and health and fitness applications are expected to propel the growth of the in-app purchase market. The increasing usage of mobile applications allows more users to access content and increases the pool for in-app purchases. For instance, according to APP ANNIE, in 2021, mobile users downloaded 140 billion new apps by the end of 2021 globally, which is approximately 10 billion more than in the year 2020, and approximately 20 billion more than in the year 2019. Therefore, the increasing downloads of video streaming, gaming, and health and fitness applications are expected to drive the in-app purchase market growth. Major players in the in-app purchase market are Apple Inc., Epic Games Inc., Google LLC (Alphabet Inc.,), Netflix Inc., Rakuten Group Inc., Spotify Technology S.A., Tencent Holdings Ltd., The Walt Disney Company, Tinder (Match Group Inc.,), Amazon Inc., Flipkart, Myntra, Ajio, Supercell, and Machine Zone. Technological advancements are shaping the in-app purchase market. Many companies operating in in-app purchases are focused on developing new technological solutions to meet customer demand. In June 2021, Apple Inc., a US-based company operating in in-app purchase unveiled new developer tools and technologies to create better apps. These new tools and technologies help the apps to develop with high quality and also provide new ways for developers to promote their apps and connect with users. Xcode Cloud helps in bringing the multiple tasks and tools required to test, build, and deliver apps together using powerful cloud services. In January 2021, Google, a US-based multinational technology company that specializes in Internet-related services and products acquired Fitbit for an undisclosed amount. The acquisition to make health and wellness accessible to more people globally. The combination of Fitbit’s leading technology and health and wellness innovation with Google’s artificial intelligence, software, and hardware will drive more competition in wearables and make the wearable devices better and more affordable. Fitbit is a US-based fitness and consumer electronics company operating in the in-app purchase market. Asia-Pacific was the largest region in the in-app purchase market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-app purchase market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the in-app purchase market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The in-app purchase market includes revenues earned by entities by providing services such as buy characters, upgrade abilities, and spend real money on in-game currencies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The in-app purchase market research report is one of a series of new reports from The Business Research Company that provides in-app purchase market statistics, including in-app purchase industry global market size, regional shares, competitors with a in-app purchase market share, detailed in-app purchase market segments, market trends and opportunities, and any further data you may need to thrive in the in-app purchase industry. This in-app purchase market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Prepaid cards are preloaded payment cards issued by financial institutions that can be used to make both online and in-store payments. Once the amount loaded on the card is used, it may be disposed of (for a non-reloadable prepaid card) or reloaded (for a reloadable prepaid card) by the cardholder. The main types of prepaid cards are general-purpose reloadable cards, prepaid gift cards, government benefit cards, payroll cards, and other types. The general purpose Reloadable cards can be used as debit cards for retail purposes and are used for depositing online payments. The various card types are open-loop prepaid cards and closed-loop prepaid cards. The cards are used in retail establishments, corporate institutions, government establishments, and other establishments. The global prepaid card market is segmented - 1) By Type: General-Purpose Reloadable Card, Prepaid Gift Card, Government Benefit Card, Payroll Card, Other Types 2) By Card Type: Open Loop Prepaid Card, Closed Loop Prepaid Card 3) By Application: Retail Establishments, Corporate Institutions, Government, Other Applications The global prepaid card market size will grow from $15 billion in 2022 to $16.32 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global prepaid card is expected to grow to $21.7 billion in 2027 at a CAGR of 7.4%. Increasing the use of prepaid cards as a substitute for traditional bank cards is a key factor driving the growth of the prepaid card market. A prepaid card is not connected to a bank checking account or a draught account for a credit union share, instead, users invest money in advance deposited into the prepaid card account. According to the Reserve Bank of India, debit card payments in 2021 reached 412 crore. Prepaid cards are similar to debit cards and permit the consumer to spend money up to the amount loaded on the card for making purchases, paying gas bills, shopping, and paying online bills. Therefore, increasing usage of prepaid cards is expected to propel the growth of the prepaid card market in the forecast period. Major players in the prepaid card market are American Express Company, BBVA Compass Bancshares Inc., Green Dot Corporation, JPMorgan Chase & Co., Kaiku Finance LLC., Mango Financial Inc., NetSpend Holdings Inc., PayPal Holdings Inc., UniRush LLC., and Master Card Incorporated. The increasing incidents of fraudulent cases are expected to hamper the growth of the prepaid card market in the forecast period. Card fraud losses are sustained on all credit, debit, prepaid general-purpose, and private-label payment cards distributed around the world by payment card issuers, retailers, purchasers of card purchases from retailers, and acquirers of card transactions at ATMs. For instance, according to the Aite Group, a company that provides insurance services, in 2020, 47% of Americans experienced financial theft and found that losses from these identity theft cases cost $502.5 billion in 2019 and increased 42 percent in 2020, totaling $721.3 billion in 2021. Therefore, the increasing incidences of fraud restrain the growth of the prepaid market. Major players operating in the industry are undertaking various strategic initiatives such as partnerships and collaborations, which are gaining significant popularity in the prepaid card market. Companies are collaborating with other market players to offer prepaid cards with flexible credit limits to attract a large consumer base for prepaid cards. For instance, in November 2020, MobiKwik collaborated with the American Express (Amex) card network to introduce its first virtual prepaid payment card with a flexible credit limit. With the launch of the prepaid payment card, MobiKwik becomes the first non-bank in India to issue cards. In June 2022, Rewire, an Israel-based prepaid debit card provider, acquired Imagen for an undisclosed amount. The acquisition would complement the company’s offerings and expand its portfolio. Imagen is an Israel-based pre-paid card company that provides pre-paid cards to immigrants. The Asia-Pacific was the largest region in the prepaid card market in 2022. Western Europe was the second largest market in the global prepaid card market share. The regions covered in the global prepaid card market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the prepaid card market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The prepaid card market consists of revenues earned by entities that are engaged in storing, processing and transmitting prepaid card data. Prepaid cards may be open-loop or closed-loop. While an open-loop prepaid card can be used at any locations accepting cards, a closed-loop prepaid card can only be used at certain locations such as a specific store or a group of stores. Revenue generated from the cards market include all processing and service fees levied by banks and financial institutions for processing card-based payments. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The prepaid card market research report is one of a series of new reports from The Business Research Company that provides prepaid card market statistics, including prepaid card industry global market size, regional shares, competitors with prepaid card market share, detailed prepaid card market segments, market trends and opportunities, and any further data you may need to thrive in the prepaid card industry. This prepaid card research market report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A credit card is a class of payment cards issued by a bank or financial services company that allows cardholders to make purchases while having the option of repaying the amount later. The main types of credit cards are reward cards, credit builder cards, travel credit cards, balance transfer cards, and other types. The reward card refers to the card that issues certain rewards for the credit card holder based on the reward points and even offers some special offers that can be claimed based on the points. The various card types are base, signature, and platinum. The different service providers involved are Visa, Mastercard, Rupay, and other service providers. The global credit card market is segmented - 1) By Type: Reward Card, Credit Builder Card, Travel Credit Card, Balance Transfer Card, Other Types 2) By Card Type: Base, Signature, Platinum 3) By Service Provider: Visa, Matercard, Rupay, Other Service Providers The global credit card market size grew from $101.98 billion in 2022 to $103.72 billion in 2023 at a compound annual growth rate (CAGR) of 1.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The credit card market is expected to grow from $109.04 billion in 2027 at a CAGR of 1.3%. The rising demand for credit cards is expected to fuel the growth of the credit card market in the forecast period. The rise in demand for consumer credit and the benefits offered by credit cards encourage individuals to use credit cards. According to the Equifax Quarterly Consumer Credit Demand Index June 2022, the demand for credit cards in Australia increased by 6% as compared to June 2021. Overall consumer credit demand grew by 10.2% as compared to June 2021. Therefore, the rising demand for credit cards drives the growth of the credit card market. Major players in the credit card market are Citibank, American Express Company, Mastercard Incorporated, Visa Inc., JPMorgan Chase & Co., Mango Financial Inc., BBVA Compass Bancshares Inc., Total System Services Inc., The PNC Financial Services Group Inc., and Capital One Financial Corporation. The impact of COVID-19 on a new credit card is expected to hinder the growth of the credit card market. Consumers are dialling back on applying for credit cards and reducing balances as there are fewer chances to spend money due to the economic recession. Also, digitally focused businesses such as Apple, which announced the satisfactory acceptance of its Apple Card, noticed lower spending across the board. According to data from Federal Reserve Bank of New York, the credit card balances were reduced by $76 billion (8.3%) in the second quarter of 2020 and new credit card applications were down by 40%. Therefore, the impact of the COVID-19 recession restrains the growth of the credit card market. Growing technological innovation is a key trend gaining popularity in the credit card market. Major corporations are concentrating on offering digital prepaid card services in emerging economies to attract a large consumer base for prepaid credit cards. For example, in June 2020, in collaboration with the Mastercard alliance, Grab Holdings, Inc., a multinational ride-hailing company based in Singapore, launched a new card to facilitate cashless payments in the Philippines. With the card linked to Grab's prepaid wallet, which includes 53 million global merchants that accept Mastercard, users can pay for anything online. In September 2021, M2P, a company that provides digital infrastructure based in India, acquired Wizi for a deal amount of $5 million. With this acquisition, the companies manage the credit card sector and provide the customers with benefits. Wizz is a company that provides credit cards based in India. On August 1, 2010, this entry was published. Asia-Pacific was the largest region in the global credit card market share in 2022. Western Europe was the second largest region in the credit card market. The regions covered in the global credit card market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the credit card market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The credit card market consists of revenues earned by entities that are engaged in storing, processing and transmitting credit card data. Credit cards are payment cards issued by banks and financial institutions that can be used to borrow funds. Credit cards are mostly used for short-term financing of consumer goods and services. The credit limit is preset depending on the borrower’s credit rating and credit cardholders are charged interest each month by the credit card provider. Revenue generated from the cards market include all processing and service fees levied by banks and financial institutions for processing card-based payments. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The credit card research report is one of a series of new reports from The Business Research Company that provides credit card statistics, including credit card industry global market size, regional shares, competitors with credit card share, detailed credit card segments, market trends and opportunities, and any further data you may need to thrive in the credit card industry. This credit card research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Cards are provided by a bank or other financial organization, which enables users to withdraw money or make purchases using a line of credit. Payment instruments are systems that enable funds held in accounts at credit, payment or similar institutions to be transferred to a payee on receipt of a payment order. The main types of cards and payments are cards and payments. The cards refer to the debit and credit cards that are issued by a bank to manage financial transactions. The various institution types include banking institutions, non-banking institutions. The cards are used for food and groceries, health and pharmacy, restaurants and bars, consumer electronics, media and entertainment, travel and tourism, other applications. The global cards and payments market is segmented - 1) By Type: Cards, Payments 2) By Institution Type: Banking Institutions, Non-Banking Institutions 3) By Application: Food And Groceries, Health And Pharmacy, Restaurants And Bars, Consumer Electronics, Media And Entertainment, Travel And Tourism, Other Applications Subsegments Covered: Credit Card, Debit Card, Charge Card, Prepaid Card The global cards & payments market size grew from $833.27 billion in 2022 to $903.22 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global cards & payments market is expected to grow to $1238.14 billion in 2027 at a CAGR of 8.2%. Cards and payments companies are investing in technologies and formulating guidelines to prevent card and payment fraud. In this regard, payment service providers and merchants have implemented various solutions, including the Payment Card Industry Data Security Standard (PCI DSS) compliance, EMV technology, 3-D Secure services, tokenization, biometrics, and end-to-end encryption. To combat the constantly evolving card fraud methods, the National Retail Federation (NRF) also updates its security guidelines continuously. Major companies in the cards and payments market include American Express, Banco Santander, Visa, PayPal, MasterCard, Nippon Telegraph and Telephone Corp, Industrial and Commercial Bank of China, Apple, China Construction Bank, and Intesa Sanpaolo. Asia-Pacific was the largest region in the cards and payments market size in 2022. Western Europe was the second largest region in the card and payments market. The regions covered in the global cards and payments market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cards and payments market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The cards and payments market consists of revenues earned by entities that are engaged in storing, processing and transmitting payment card data, and facilitating payment transfers between individuals, companies or both. The payments industry consists of establishments primarily engaged in processing money transfers and payments between various accounts. This market covers issuing and acquiring banks, card processing and issuing companies and others. Revenue generated from the cards and payments market include all processing and service fees levied by banks and financial institutions for payments processing and for processing card based payments. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cards and payments research report is one of a series of new reports from The Business Research Company that provides cards and payments statistics, including cards and payments industry global market size, regional shares, competitors with cards and payments share, detailed cards and payments segments, market trends and opportunities, and any further data you may need to thrive in the cards and payments industry. This cards and payments research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Financial services are products and services provided by financial institutions that facilitate various financial transactions and other financial activities like loans, insurance, credit cards, investment opportunities, and money management. The main types of financial services are lending and payments; insurance; reinsurance; insurance brokerage; investments; and foreign exchange services. The lending and payments market refers to the lender's making funds and making them available to a person. The services are offered to small- and medium-sized businesses as well as large businesses. The services are used by individuals, corporations, governments, and investment institutions. The global financial services market is segmented - 1) By Type: Lending And Payments, Insurance, Reinsurance And Insurance Brokerage, Investments, Foreign Exchange Services 2) By Size Of Business: Small And Medium Business, Large Business 3) By End User: Individuals, Corporates, Government, Investment Institution Subsegments Covered: Lending, Cards & Payments, Insurance, Insurance Brokers & Agents, Reinsurance, Wealth Management, Securities Brokerage And Stock Exchange Services, Investment Banking The global financial services market size grew from $25848.74 billion in 2022 to $28115.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global financial services market is expected to grow to $37484.37 billion in 2027 at a CAGR of 7.5%. The global payments industry has witnessed a rapid increase in the adoption of EMV technology. This growth is driven by the higher level of data security offered by EMV chips and PIN cards as compared to traditional magnetic stripe cards. EMV is a security standard for various payment cards, including debit, credit, charge, and prepaid cards. Major companies in the financial services market include Allianz Group, Industrial and Commercial Bank of China, JPMorgan Chase & Co., Ping An Insurance, Axa Group, Anthem, Inc., Agricultural Bank Of China, China Life Insurance, China Construction Bank, and Centene. The chip carries data for the cardholder and the account, which is protected using both hardware and software security measures. According to the global technical body EMVCo, the number of EMV chip payment cards across the world reached 10.8 billion in 2020. In line with the rest of the world, the adoption rate of EMV chip payment cards has steadily grown across various regions in the world, reaching 71.7% in Canada, Latin America, and the Caribbean region, 61.2% in Africa and the Middle East region, and 32.7% in the Asia-Pacific region. Banks and financial institutions are adopting digitization to modernise their commercial lending business. This move is mainly a result of increased competition among banks and growing demand for a simplified and quick commercial lending process. Digitization leads to improved customer satisfaction in obtaining a commercial loan, which can otherwise be a complex and slow process. It also enables banks to target new customer categories and offer customer-centric solutions, which leads to improved efficiencies in the commercial lending business. Some of the banks that have incorporated digitization into lending are Commonwealth Bank of Australia, Hana Bank, and Fidor Bank. Many wealth management companies are investing in big data analytics capabilities to generate insights about clients. Big data solutions are being implemented to deliver insights around client segments, product penetration, and training programme effectiveness. These technologies are being implemented to assess existing and prospective clients’ inclination to purchase various products and services being offered by a wealth management company, their lifetime value, investment pattern, and the ability of the client to take risks. They are also helping wealth management companies to track business performance, increase client acquisition and retention rates, increase sales, and offer real-time investment advice. For instance, CargoMetrics, an investment firm based in Boston, used the Automatic Identification System (AIS) to collect data on commodity movement such as cargo location and cargo size to develop an analytics platform for trading commodities, currencies, and equity index funds. This tool was also sold to other hedge funds and wealth managers. Western Europe was the largest region in the financial services market share in 2022. North America was the second-largest region in the financial services market. The regions covered in the global financial services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa The countries covered in the financial services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The financial services market includes revenues earned by entities by providing financial or money related services such as lending, investment management, insurance, brokerages, payments, and fund transfer services. The financial services industry is categorized on the basis of the business model of the firms present in the industry, and most firms offer multiple services. Revenues include fees, interest payments, commissions, or transaction charges. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The financial services research report is one of a series of new reports from The Business Research Company that provides financial services statistics, including financial services industry global market size, regional shares, competitors with financial services share, detailed financial services segments, market trends and opportunities, and any further data you may need to thrive in the financial services industry. This financial services research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.