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Credit card market share statistics
Market Research Reports on Credit Card Transactions | Euromonitor
Future of private label credit cards marked by both growth opportunities and challenges. Synchrony Financial contributed almost half of this amount, followed by Citi Retail Services. Looking ahead, private label credit card platforms continue to play an integral role in retailer loyalty programs, driven by retailers' need to push the loyalty and sales envelope as far as possible at a time when the retail industry is significantly challenged by pricing pressure, the commoditization of brands, and the omni-present influence of the Amazon effect and the tremendous competitive pressures it brings with it. The private label credit card industry will continue to benefit from the broader shift from paper-based to electronic payments, as well as shifts in consumer purchasing behavior toward the card-friendly realm of digital commerce and in-app payments. However, growth challenges are also significant, including competition from installment loans, a practice that some private label players are seeking to join by complementing existing programs with installment loan options. The threat of increasing credit risk also looms, amidst an economic recovery many financial experts believe is now long in the tooth and evidence of upticks in private label portfolio delinquency and charge-off rates—nothing seismic, but enough to raise some eyebrows on Wall Street.
Credit card statistics
Market research on credit card transactions. Standardised and cross-comparable statistics including total market sizes, market share and brand share data, distribution and industry trends. Despite offering a diverse range of benefits and features for users, penetration of credit cards in Egypt is low. This is partly due to high interest rates, but also attributable to low saving rates and cumbersome banking bureaucracy. The appeal of
In , 6 out of 10 Americans have a credit card. We spend trillions of dollars and take on billions of dollars of debt a year using hundreds of millions of credit cards. Credit card debt has increased almost one-hundred fold since the Federal Reserve began tracking the trend. Compare the rates, fees, and rewards of the leading credit cards. Find the best card for your lifestyle.