Global credit card market projected to reach USD 1146.62 billion by 2033, with growth driven by convenience

From GlobeNewswire: 2024-07-08 22:00:00

The global credit card market is projected to grow from USD 559.18 billion in 2023 to USD 1146.62 billion by 2033, at a CAGR of 7.45%. Credit cards offer convenient cash alternatives and are essential in emerging countries. However, security vulnerabilities and fraud concerns remain. North America dominates the market, while Europe is expected to grow rapidly due to increased credit card usage among young people and loyalty programs. Major vendors include Capital One, Chase, Mastercard, and more. The market is segmented by card type, application, and provider. Competitive analysis highlights key industry players and their strategies. Browse related reports on the global trade surveillance, neobanking, B2B payments, and revenue management markets for further insights.



Read more at GlobeNewswire: Global Credit Card Market Size To Worth USD 1146.62 Billion