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Credit Card Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global credit card payment market reached a value of US$ 477.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 762.16 Billion by 2027, exhibiting a CAGR of 7.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A credit card is a payment tool issued by financial institutions that offer a credit limit to cardholders for making purchases without the use of cash at the point of sale. It is a flexible mode of payment, which provides cardholders with more time to pay accrued charges to card issuers. It also helps increase the purchasing power of individuals, create a credit score for loans and mortgages, and provide cashback, miles points, and zero foreign transaction fees. Besides this, as it offers protection against fraudulent activities, the number of payments made via credit card is increasing across the globe.

Credit Card Payment Market Trends:

The rising demand for cash alternatives for emergency and down payment funds represents one of the key factors driving the market. Moreover, there is an increase in the utilization of credit cards for purchasing televisions (TV), laptops, smartphones, travel packages, and jewelry. This, along with the availability of affordable credit cards worldwide, is propelling the market growth of credit card payments. In addition, technological advancements in blockchain for higher security of the database are positively influencing the market. Besides this, several organizations are providing special credit cards to their employees for keeping records of travel, food, accommodation, and inventory, which is offering lucrative growth opportunities to end users and market investors. Additionally, credit cards are highly used in food, grocery, healthcare, hospitality, electronics, media and entertainment, travel and tourism industries around the world. Furthermore, major players are extensively investing in research and development (R&D) activities to offer enhanced digital prepaid card services to customers, which is projected to bolster the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global credit card payment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on card type, provider and application.

Breakup by Card Type:

  • General Purpose Credit Cards 
  • Specialty Credit Cards
  • Others
     

Breakup by Provider:

  • Visa
  • Mastercard
  • Others 
     

Breakup by Application:

  • Food and Groceries
  • Health and Pharmacy
  • Restaurants and Bars
  • Consumer Electronics
  • Media and Entertainment
  • Travel and Tourism
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being American Express Company, Bank of America Corporation, Barclays PLC, Capital One Financial Corporation (Signet Financial Corporation), Citigroup Inc., JPMorgan Chase & Co, Mastercard Inc., Synchrony, The PNC Financial Services Group Inc., United Services Automobile Association and Visa Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Card Type, Provider, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Express Company, Bank of America Corporation, Barclays PLC, Capital One Financial Corporation (Signet Financial Corporation), Citigroup Inc., JPMorgan Chase & Co, Mastercard Inc., Synchrony, The PNC Financial Services Group Inc., United Services Automobile Association and Visa Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global credit card payment market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global credit card payment market?
  • What are the key regional markets?
  • What is the breakup of the market based on the card type?
  • What is the breakup of the market based on the provider?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global credit card payment market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Credit Card Payment Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Card Type 
    6.1    General Purpose Credit Cards 
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Specialty Credit Cards
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Provider
    7.1    Visa
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Mastercard
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others 
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Application
    8.1    Food and Groceries
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Health and Pharmacy
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Restaurants and Bars
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Consumer Electronics
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Media and Entertainment
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Travel and Tourism
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    American Express Company
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Bank of America Corporation
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Barclays PLC
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Capital One Financial Corporation (Signet Financial Corporation)
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Citigroup Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    JPMorgan Chase & Co
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Mastercard Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Synchrony
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    The PNC Financial Services Group Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    United Services Automobile Association
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 SWOT Analysis
        14.3.11    Visa Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Credit Card Payment Market: Major Drivers and Challenges
Figure 2: Global: Credit Card Payment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Credit Card Payment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Credit Card Payment Market: Breakup by Card Type (in %), 2021
Figure 5: Global: Credit Card Payment Market: Breakup by Provider (in %), 2021
Figure 6: Global: Credit Card Payment Market: Breakup by Application (in %), 2021
Figure 7: Global: Credit Card Payment Market: Breakup by Region (in %), 2021
Figure 8: Global: Credit Card Payment (General Purpose Credit Cards) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Credit Card Payment (General Purpose Credit Cards) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Credit Card Payment (Specialty Credit Cards) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Credit Card Payment (Specialty Credit Cards) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Credit Card Payment (Other Card types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Credit Card Payment (Other Card types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Credit Card Payment (Visa) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Credit Card Payment (Visa) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Credit Card Payment (Mastercard) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Credit Card Payment (Mastercard) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Credit Card Payment (Other Provider) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Credit Card Payment (Other Provider) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Credit Card Payment (Food and Groceries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Credit Card Payment (Food and Groceries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Credit Card Payment (Health and Pharmacy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Credit Card Payment (Health and Pharmacy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Credit Card Payment (Restaurants and Bars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Credit Card Payment (Restaurants and Bars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Credit Card Payment (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Credit Card Payment (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Credit Card Payment (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Credit Card Payment (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Credit Card Payment (Travel and Tourism) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Credit Card Payment (Travel and Tourism) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Credit Card Payment (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Credit Card Payment (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Credit Card Payment Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Credit Card Payment Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Credit Card Payment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Credit Card Payment Industry: SWOT Analysis
Figure 84: Global: Credit Card Payment Industry: Value Chain Analysis
Figure 85: Global: Credit Card Payment Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Credit Card Payment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Credit Card Payment Market Forecast: Breakup by Card Type (in Million US$), 2022-2027
Table 3: Global: Credit Card Payment Market Forecast: Breakup by Provider (in Million US$), 2022-2027
Table 4: Global: Credit Card Payment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Credit Card Payment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Credit Card Payment Market: Competitive Structure
Table 7: Global: Credit Card Payment Market: Key Players

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