Asia Credit Cards Market Forecast to 2025: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Asia Cards and Payments Market Is Positioned? In Asia, most of the countries such as India, Indonesia and others were dominated by cash almost a decade ago and have witnessed advancement towards digital transactions both in terms of a number of transactions and volume in recent years. Asian countries are making huge investments in digital technology in order to transform the financial industry most of which is in-house. The young population and millennials have been the major driver for an increase in the payments via credit cards as they are embracing advanced technology and new products thereby, helping the credit card users to move away from traditional methods of payments. The young population who are well versed with the existing banking infrastructure and smartphone technology in Asia are key reasons to gain a competitive advantage by delivering innovative services ahead of their competitors. The total number of cards in circulation was witnessed to increase from ~ from 2013 to ~ in 2018, thus displaying a five-year CAGR of ~%. The competitive growth in the credit card industry of Asia was driven by deep client partnerships, strong cross-border–growth, significant long-term growth opportunities, and tailored strategies. Banks have been highly enthusiastic about implementing new financial technology to reach and engage with their customers in order to promote the use of digital methods of payment throughout Asia. Asia credit cards market remains highly competitive and attractive driving it towards a cashless economy. Banks have tightened regulations to address rising defaults therefore; credit card issuance fell sharply in the early years of the current decade. The growth in credit cards in circulation picked up for both personal and commercial cards in 2018, as banks also looked to increase their revenue from the commercial space. Most of the countries such as India, South Korea, China, and others are being transformed into a cashless economy. The total transaction value showcased a growth of ~% in the year 2018 with transactions amounting to USD ~ billion. FinTech players look at developing apps to support credit card payments in Asia to increase the number of cards in circulation and eventually the number and value of transactions. Credit Cards Market Size Asian credit card issuers offer multi-branded cards with installment, use award, and loyalty-point features. Point-of-sale machines are found in almost all the stores around the continent, which has made cards as one of the most convenient methods of payment. The usage of cards has been steadily growing with the number of cards in circulation increased at a CAGR of ~% from 2013 to 2018. Growth is majorly driven by usage amongst the younger population (about ~% of millennials aged 25-34 years tend to use credit cards more than any other age group). Low non-performing loans indicating healthy growth in credit card usage and low payment default rates. The credit card reward and loyalty program is the most significant growth driver for a surge in credit card transaction value and transaction volume. The card issuers and operators have been partnering with member merchants in order to increase the customer acquiring rate. The member merchants provide the cardholders with discounts on the purchases or opportunity to earn reward points which can be redeemed later on shopping/air ticket purchases and many more. The advancement in technology – such as RIFD / contactless credit cards, chip, and pin cards have contributed to the increase in the Transaction Value. It has shown an absolute growth of ~% since 2013. The highest year on year growth was witnessed in the year 2018 of ~%, as people were more motivated to make credit card transactions because the card loyalty reward points program was on the rise by the issuing bank. Credit card transaction value increased from USD ~ million in 2013 to reach USD ~ million in the year 2018 at a CAGR of ~% during the review period 2013-2018. Emerging markets in South Asia, on the other hand, is witnessing a slow transition from a cash-driven to a digital payment society. Smartphone-based mobile money services are slowly gaining momentum as part of the payments ecosystem. However, debit cards dominate the plastic card market, and the recent association with international payment networks for QR-based payments has paved the way for players to offer new solutions in this space. Key Segments Covered:- Credit cards Value of transaction by Issuer and Operator Volume of a transaction by Issuer and Operator Number of Credit Cards in Circulation by Issuer and Operator Commercial and Personal Credit Cards Transactions at ATM and POS Countries India Indonesia Malaysia Singapore Philippines South Korea China Japan Other Countries (Vietnam, Thailand, Hong Kong, Taiwan and Rest) Key Target Audience Credit/ Debit Card Operator Credit/ Debit Card Issuers Prepaid Card Issuers/ Operators Local/ Foreign Bank Reward/ Loyalty Program Business Operators Payment gateway provider Credit/ Debit Card Issuer POS Device Manufacturers Debit/ Credit Card Manufacturing companies ATM Manufacturing Entities Regulatory Authorities Time Period Captured in the Report:- Historical Period: 2013-2018 Forecast Period: 2018-2025 Companies Covered in Asia Credit Card Market:- Banks (Issuer) HDFC, India Bank Mandiri, Indonesia Bank CIMB Niaga, Indonesia UOB, Singapore DBS, Singapore Citibank BHD, Malaysia Malaysian Banking, Malaysia Shinhan Card, South Korea KB Kookmin, South Korea BDO Unibank, Philippines Metropolitan Bank, Philippines ICBC Bank, China China Merchants Bank, China JCB, Japan Credit Saison, Japan Others (SBI India, Bank CIMB Niaga Indonesia, Bank Mega, Citibank, HSBC Holdings Plc, Rizal Commercial Banking CORP (RCBC) and Rest) Operators Visa Inc. MasterCard American Express Bank Central Asia Union Pay International Others (Shinhan Card, BC Card, Petron Corp, Taiwan Rakuten Card and Rest) Key Topics Covered in the Report:- MasterCard Asia Credit Cards Market Revenue Share RuPay Performance in India India Online Payment System Market Credit Card Frauds in Asia Personal and Commercial Credit Cards Market Asia Contactless Credit Cards in Asia NFC Credit Cards Market in Asia Cost of Manufacturing a Credit Card Fintech Adoption Credit Card Asia Market Asia Credit Card Transaction Fees Credit Card Transaction Failure in Asia Credit Card Security in Asia For Information Click On the Below Mentioned Link:- Asia Credit Cards Market Research Report Related Reports by Ken Research:- Turkey Cards And Payments Market Outlook To 2023 – Rapid Acceptance Of TROY Cards And Contactless Cards Coupled With Rising Penetration Of Credit Cards To Drive Market Growth Saudi Arabia Cards And Payments Market Outlook To 2023 – Increasing Penetration Of Islamic Credit Cards Coupled With Rising Preference For Online Shopping To Drive Market Growth Kuwait Remittance Market By Inbound And Outbound International Remittance, By Mode Of Transfer (Electronic And Cash), By Channel (Bank And Non-Bank), By Bill Payment Methods (Cash, Credit/Debit Card/E-Wallet And Electronic Transfers), By Types Of Payment (Grocery Bills, Utility Bills, Fuel Bills, DTH And Broadband Bills And Mobile Recharge Bills) And By Regions – Outlook To 2022 Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Asia Credit Card Industry, Asia Credit Card Market, Asia Credit Card Transaction Fees, Asia Credit Cards Industry, Asia Credit Cards Industry Research Report, Asia Credit Cards Market, Asia Credit Cards Market Analysis, Asia Credit Cards Market End Users, Asia Credit Cards Market Forecast, Asia Credit Cards Market Future Outlook, Asia Credit Cards Market Growth Rate, Asia Credit Cards Market Major Players, Asia Credit Cards Market Research Report, Asia Credit Cards Market Segmentation, Asia Credit Cards Market Share, Asia Credit Cards Market Size, Asia Credit Cards Market Transaction Value in USD Million, Asia Payment Services Market, Bank Central Asia Market Growth rate, Business Model of Credit Cards Industry Asia, China Credit Card Market Share, contactless Credit Card Holders in Asia, Contactless Credit Cards in Asia, Cost of Manufacturing a Credit Card, Credit Card Frauds in Asia, Credit Card Industry Asia, Credit Card Manufacturers in Asia, Credit Card Market Asia, Credit Card Market Forecast Hong Kong, Credit Card Market Revenue Thailand, Credit Card Payment Methods Asia, Credit Card Security in Asia, Credit Card Transaction at ATM in Asia, Credit Card Transaction Failure in Asia, Credit Card Transactions at POS Terminals, Credit Cards in Circulation in Asia, Credit Cards Industry Asia, Credit Cards Market Asia, Demonetization Impact on India Credit Card Industry, Digital Payments in Asia Credit Cards, Expected Credit Cards in Circulation Asia, Fintech Adoption Credit Card Asia Market, Future of Credit Cards in Asia, India Credit Cards Market Growth Rate, India Online Payment System Market, Indonesia Credit Card Market, Japan Credit Card Market, Major Credit Card Issuers in Asia, Major Credit Card Operators in Asia, Malaysia Credit Card Market, Market Report on Credit Cards Asia, MasterCard Asia Credit Cards Market Revenue Share, Metal Credit Cards Market in Asia, NFC Credit Cards Market in Asia, Number of American Express Cards in Asia, Outstanding Credit Cards Asia, Personal and Commercial Credit Cards Market Asia, Philippines Credit Card Market, POS Device Manufacturers in Asia, RuPay Performance in India, Singapore Credit Cards Market Revenue, South Korea Credit Card Market, Taiwan Credit Cards Market Growth Rate, Technology in Credit Cards Asia, Vietnam Credit Cards Market analysis, Visa Asia Credit Cards Market Report
