Germany payments market: Girocard retains dominant role
Germany has a strong economy and high levels of financial inclusion, despite consumers having a strong inclination towards cash for retail payments. A German maxim is geld stinkt nicht (money…
Country Surveys
Malaysia payments market: contactless drives debit growth
The Malaysian payments market remains cash-reliant, but has high growth potential as it shifts towards…
France payments market: CB maintains its stranglehold
France’s payments market is mature and highly competitive, with the highest average annual spend per card in 2019 among peers…
Country snapshots: Ireland, Mexico, and Indonesia
Ireland Contactless growth soars Although cash accounts for 43.7% of total payment transaction volume in 2019, Irish consumers are increasingly…
Czech Republic: Debit cards lead as pay-later adoption lags behind
Cash remains the preferred payment instrument in the Czech Republic, accounting for 62.1% of the total payment transaction volume in…
15 Oct 2019
Bulgaria: Cash holds firm while contactless gains ground
Consumers in Bulgaria remain predominantly reliant on cash, and payment cards are mainly used to withdraw cash from ATMs. In…
02 Oct 2019
Argentina’s efforts to increase financial inclusion has led to growth
Cash remains the most popular payment instrument in Argentina, accounting for 80% of the country’s total payment transaction volume in 2018. This was mainly a result of the high unbanked…
30 Sep 2019
The UK is still a mature market comfortable with credit and debit cards
The UK payments market is highly mature – arguably even overserved by its financial institutions. There were more debit cards in circulation than individuals in the UK in 2018,…
14 Sep 2019
Luxembourg: Wealthy and highly banked population drives growth
Luxembourg’s payment card market is mature, with a high penetration rate of 4.6 cards per inhabitant. Cards are the preferred payment instrument, accounting for 54.1% of the total consumer payment…
04 Sep 2019
Credit cards remain a favourite in Japan
Japan’s payment landscape continues to be dominated by cash, which accounted for 76.2% of the overall payment volume in 2018. With government initiatives to promote electronic transactions and growing payment…
25 Aug 2019
Ukraine: Debit cards dominate while contactless grows strongly
Ukraine’s economy was severely affected by the global financial crisis of 2008 and the political crisis of 2013–14, which had a significant impact on the banking industry. As a result,…
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