AMA Research published a new research publication on "Global Payment Card Market Insights, to 2026" with 150+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders.
The growth of the Payment Card market was mainly driven by the increasing R&D spending across the world, however latest COVID scenario and economic slowdown have changed complete market dynamics.
Payment cards are the cards that are parts of the payment system normally issued by financial institutions. These cards are electronically linked to an account or accounts belonging to the cardholder. These cards are of numerous types such as credit cards, debit cards and others. These cards are issued for payment and portable transactions majorly in deposit, or loan or credit accounts. Increased Disposable Income of the People, Increased Demand from the Consumers and Higher Credit Limits of the Payment Cards are the key factors driving the global payment card market. However, misuse of payment cards as well as privacy and security issues may hinder the market growth.
Market Competition
This report covers the recent COVID-19 incidence and its impact on Global Payment Card Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
Strategic Points Covered in Table of Content of Global Payment Card Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Payment Card market
Chapter 2: Exclusive Summary – the basic information of the Payment Card Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Payment Card
Chapter 4: Presenting the Payment Card Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Payment Card market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Payment Card Market is a valuable source of guidance for individuals and companies.
Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/reports/9710-global-payment-card-market-1
Customization Service of the Report:-
AMA Research provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Contact Us:
Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
[email protected]
The major factors that are driving the market are improvement in security, customer convenience, better financial services and standardization.Request Sample Pages of US Payment Card Market @ https://www.adroitmarketresearch.com/contacts/request-sample/61The US Payment Card Market research report covers various qualitative and quantitative aspects including drivers, restraints, opportunities, estimates and forecast for types & applications and detailed profiles of leading players.The major players in the US Payment Card Market includes; Perfect Plastic Printing,Oberthur Technologies,Gemalto,CPI Card Group,Giesecke & Devrient,Valid USA, Inc.,Goldpac Group Ltd,MCT Cards & Technology Pvt.
Ltddz card andCardLogix Corporation.Payment cards such as EMV which offer chip & pin as a verification tool have helped in reducing the number of counterfeit frauds in the US The collaboration between government and industry players is also driving the market further by strengthening the security for transactions and implementing standardized products.To deal with the rising number of frauds due to the use of magnetic stripe cards, the U.S government has started implementing microchip cards and also creating awareness about EMV card.
For instance, the government of US, in October 2015, had taken key initiatives such as liability shift and BuySecure to implement the use of EMV cards due to which the US Payment Card Market is expected to grow further in the coming years.Migration to EMV is likely to put the US and other countries (that have already adopted EMV standards) on a single global fraud protection standard and this will assist in the eventual withdrawal of magnetic stripe cards, thus, reducing the number of card frauds.
In line with this, the players in the payment market are expected to benefit as they have to support only one set of technical standards in the value chain.
This is expected to shift their focus on revenue-generating projects by offering better products & services driving the market growth further during the forecast period.The contact-based payment card segment dominated the market by contributing USD 735.1 million in the year 2017.
For instance, in 2014, MasterCard collaborated with Dynamics Inc. to drive innovation in the US payment cards market.
