Electronic payment through financial cards and payments systems is now on the ascent across the world. Because of the accommodation and higher accessibility offered, Financial Cards and Payments have seen higher infiltration in various economies across the world.
Traditional payments systems, for example, cash payments, demand drafts and other payment records have become old because of technological progressions in Financial Cards and Payments systems. Through Financial Cards and Payments systems, various financial transactions can be executed between entities located anyplace on the world. Financial cards including debit cards, credit cards, ATM cards, Fleet cards, and Stored value cards are broadly utilized for various kinds of financial transactions. Different sorts of monetary cards including Scrip, gift vouchers and electronic purse have acquired popularity and serve to a very niche market. Monetary cards are organized utilizing various technologies, for example, adornment, magnetic stripe cards, smart cards, proximity cards and re-programmable magnetic stripe cards.
Key players in the global Financial Cards and Payments market covered in Chapter 13:
Punjab National Bank
ICICI Bank Limited
State Bank of India
Central Bank of India
Bank of India
Hong Leong Financial
Bank of Baroda
AXIS Bank Limited
Siam Commercial Bank
Union Bank of India
HDFC Bank Ltd
In Chapter 6, on the basis of types, the Financial Cards and Payments market from 2015 to 2025 is primarily split into:
Financial Cards in Circulation
In Chapter 7, on the basis of applications, the Financial Cards and Payments market from 2015 to 2025 covers:
Market segment by Region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The Global Financial Cards and Payments Market is projected to reach to a value of $909.1 billion by 2023, at a stable Compound Annual Growth Rate of 9%.
One of the key factors driving the development of Financial Cards and Payments market is the ascent of internet business. Expanding entrance of online stores for numerous products and administrations has offered higher accessibility and availability of market places to customers. Such factors have driven the development of Financial Cards and Payments system across the world. In addition, advantages like suitability, security and protection have additionally determined the development of Financial Cards and Payments market. Likewise, ongoing cooperation between various payment industry members including dealers’ banks, card backers and card affiliation network suppliers has prompted improvement of comprehensive Financial Payments and transfer solutions.
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