Credit Card Issuance Services Market Growth, Size, Trends, Revenue, Scope and Future Competition

Credit Card Issuance Services Market Size- By Type, By Issuers, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Credit Card Issuance Services Market Size- By Type, By Issuers, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jul 2023 Report ID: BFSI2333 Pages: 1 - 233 Formats*:     
Category : BFSI
Credit Card Issuance Services Market Introduction and Overview  

According to SPER Market Research, the Global Credit Card Issuance Services Market is estimated to reach USD 1,119.09 billion by 2033 with a CAGR of 8.41%.

The report includes an in-depth analysis of the Global Credit Card Issuance Services Market, including market size and trends, product mix, distribution channels, and supplier analysis. A credit card is a card provided by a financial institution, usually a bank, that allows the cardholder to borrow money from the institution. The cardholder agrees to repay the borrowed funds with interest, as per the terms and conditions set by the institution. After the credit provider, which may or may not be the same organisation as the card issuer, has approved the customer's account, the credit card issuer issues credit cards to the consumer. With the credit card in hand, cardholders can make purchases at merchants that accept the specific card. Essentially, a credit card serves as a payment tool, allowing cardholders to settle their accumulated debt with the merchant for the goods and services they have purchased. Due to its secure features for transferring payments between accounts, credit cards have gained popularity among users, leading to an increasing demand for these cards.

  • Buy Now, Pay Later (BNPL): The Credit Card Issuance Services Market is experiencing the emergence of Buy Now, Pay Later (BNPL) cards, which are gaining popularity due to their ability to issue cards without relying on credit scores. As a result, BNPL cards are gaining more traction compared to traditional credit cards, and this trend is expected to propel the growth of the Credit Card Issuance Services Industry.
  • Issuers enabling users to safeguard their data: In the Credit Card Issuance Services Industry, there is a growing trend of issuers offering consumers the option to safeguard their data. Companies like Privacy.com enable users to create virtual credit cards, effectively concealing their personal information from merchants and data brokers. As data security concerns have been a significant issue in digital card payment methods for a long time, issuers that provide assurance of data safety are gaining popularity, further driving the market's expansion.
Credit Card Issuance Services Market
Market Opportunities and Challenges

  • Opportunities:
    • Increasing use of contactless and digital credit cards: Contactless payment's key benefit is its speed, enhancing consumer experience by eliminating line-ups. Despite no cost advantage, customers prefer its convenience, and services like Apple Pay drive the market using smartphones.
    • A rise in the need for alternatives to cash and the availability of affordable credit cards: Credit card demand grows due to convenience and as a cash alternative, further accelerated by COVID-19. Companies promote daily usage, e.g., MasterCard's tap-and-go initiatives. Digital-first cards, like Apple card, gain popularity with mobile rewards.
  • Challenges:
    • Global increase in credit card fraud: Credit card fraud, the leading form of identity theft, has surged during the COVID-19 pandemic. Phishing attacks make scams harder to detect, hindering market growth. Additionally, rising payment app scams in e-commerce further limit the credit card issuance services market outlook.
    • It is challenging for banks to cross-sell insurance products: The bank staff faces immense pressure to provide banking services while selling insurance policies to the same customers. This can lead to confusion and bad customer service, hindering credit card issuance services market growth.
Credit Card Issuance Services Market


Market Competitive Landscape
The key players in the Global Credit Card Issuance Services Market include American Express Company, Entrust Corporation, fis, Fiserv, Inc., Giesecke+Devrient GmbH, GPUK LLP, Marqeta, Inc., Nium Pte Ltd., Stripe, Inc., Thales, Others. These players have employed diverse tactics to expand their market presence and enhance their position in the credit card issuance services market. Also, Fiserv's acquisition of NetPay aimed to boost payment facilitation capabilities and expand the merchant business through this strategic move.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Type, By Issuers, By End User
 Regions coveredAsia Pacific, Europe, Middle East and Africa, North America, Latin America
 Companies CoveredAmerican Express Company, Entrust Corporation, fis, Fiserv, Inc., Giesecke+Devrient GmbH, GPUK LLP, Marqeta, Inc., Nium Pte. Ltd., Stripe, Inc., Thales, Others
COVID-19 Impact on Global Credit Card Issuance Services Market
The credit card issuance services market suffered a downturn due to COVID-19. Lockdowns in many countries, payment delays, job losses, and reduced borrowing led to individuals focusing on debt repayment instead of taking new credit. These challenges were widespread due to global government-imposed lockdowns and job losses.

Key Target Audience
  • Affluent Customers
  • Balance Transfer Seekers
  • Credit Builders and Rebuilders
  • Digital Natives and Tech-Savvy Users
  • Frequent Travelers
  • Individual Consumers
  • Online Shoppers
  • Rewards and Points Enthusiasts
  • Small Business Owners
  • Students
  • Others
Our in-depth analysis of the Credit Card Issuance Services Market includes the following segments:
By Type:
  • Business Credit Cards
  • Consumer Credit Cards
  • By Issuers:
  • Banks
  • Credit Unions
  • NBFCs
  • By End User:
  • Business
  • Personal
  • Key Topics Covered in the Report
    • Global Credit Card Issuance Services Market Size (FY’2023-FY’2033)
    • Overview of Global Credit Card Issuance Services Market
    • Segmentation of Global Credit Card Issuance Services Market By Type (Business Credit Cards, Consumer Credit Cards)
    • Segmentation of Global Credit Card Issuance Services Market By Issuers (Banks, Credit Unions, NBFCs)
    • Segmentation of Global Credit Card Issuance Services Market By End User (Business, Personal)
    • Statistical Snap of Global Credit Card Issuance Services Market
    • Expansion Analysis of Global Credit Card Issuance Services Market
    • Problems and Obstacles in Global Credit Card Issuance Services Market
    • Competitive Landscape in the Global Credit Card Issuance Services Market
    • Impact of COVID-19 and Demonetization on Global Credit Card Issuance Services Market
    • Details on Current Investment in Global Credit Card Issuance Services Market
    • Competitive Analysis of Global Credit Card Issuance Services Market
    • Prominent Players in the Global Credit Card Issuance Services Market
    • SWOT Analysis of Global Credit Card Issuance Services Market
    • Global Credit Card Issuance Services Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Credit Card Issuance Services Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Credit Card Issuance Services Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Credit Card Issuance Services Market

    7. Global Credit Card Issuance Services Market, By Type (USD Million)
    7.1. Global Credit Card Issuance Services Market Value Share and Forecast, By Type, 2023-2033
    7.2. Business Credit Cards
    7.3. Consumer Credit Cards

    8. Global Credit Card Issuance Services Market, By Issuers (USD Million)
    8.1. Global Credit Card Issuance Services Market Value Share and Forecast, By Issuers, 2023-2033
    8.2. Banks
    8.3. Credit Unions
    8.4. NBFCs

    9. Global Credit Card Issuance Services Market, By End User (USD Million)
    9.1. Global Credit Card Issuance Services Market Value Share and Forecast, By End User, 2023-2033
    9.2. Business
    9.3. Personal

    10. Global Credit Card Issuance Services Market Forecast, 2019-2033 (USD Million)
    10.1. Global Credit Card Issuance Services Market Size and Market Share

    11. Global Credit Card Issuance Services Market, By Type, 2019-2033 (USD Million)
    11.1. Global Credit Card Issuance Services Market Size and Market Share By Type (2019-2026)
    11.2. Global Credit Card Issuance Services Market Size and Market Share By Type (2027-2033)

    12. Global Credit Card Issuance Services Market, By Issuers, 2019-2033 (USD Million)
    12.1. Global Credit Card Issuance Services Market Size and Market Share By Issuers (2019-2026)
    12.2. Global Credit Card Issuance Services Market Size and Market Share By Issuers (2027-2033)

    13. Global Credit Card Issuance Services Market, By End User, 2019-2033 (USD Million)
    13.1. Global Credit Card Issuance Services Market Size and Market Share By End User (2019-2026)
    13.2. Global Credit Card Issuance Services Market Size and Market Share By End User (2027-2033)

    14. Global Credit Card Issuance Services Market, By Region, 2019-2033 (USD Million)
    14.1. Global Credit Card Issuance Services Market Size and Market Share By Region (2019-2026)
    14.2. Global Credit Card Issuance Services Market Size and Market Share By Region (2027-2033)
    14.3. Asia-Pacific
    14.3.1. Australia
    14.3.2. China
    14.3.3. India
    14.3.4. Japan
    14.3.5. South Korea
    14.3.6. Rest of Asia-Pacific
    14.4. Europe
    14.4.1. France
    14.4.2. Germany
    14.4.3. Italy
    14.4.4. Spain
    14.4.5. United Kingdom
    14.4.6. Rest of Europe
    14.5. Middle East and Africa
    14.5.1. Kingdom of Saudi Arabia 
    14.5.2. United Arab Emirates
    14.5.3. Rest of Middle East & Africa
    14.6. North America
    14.6.1. Canada
    14.6.2. Mexico
    14.6.3. United States
    14.7. Latin America
    14.7 est of Latin America

    15. Company Profile
    15.1. American Express Company
    15.1.1. Company details
    15.1.2. Financial outlook
    15.1.3. Product summary 
    15.1.4. Recent developments
    15.2. Entrust Corporation.
    15.2.1. Company details
    15.2.2. Financial outlook
    15.2.3. Product summary 
    15.2.4. Recent developments
    15.3. fis
    15.3.1. Company details
    15.3.2. Financial outlook
    15.3.3. Product summary 
    15.3.4. Recent developments
    15.4. Fiserv, Inc.
    15.4.1. Company details
    15.4.2. Financial outlook
    15.4.3. Product summary 
    15.4.4. Recent developments
    15.5. Giesecke+Devrient GmbH
    15.5.1. Company details
    15.5.2. Financial outlook
    15.5.3. Product summary 
    15.5.4. Recent developments
    15.6. GPUK LLP.
    15.6.1. Company details
    15.6.2. Financial outlook
    15.6.3. Product summary 
    15.6.4. Recent developments
    15.7. Marqeta, Inc.
    15.7.1. Company details
    15.7.2. Financial outlook
    15.7.3. Product summary 
    15.7.4. Recent developments
    15.8. Nium Pte. Ltd.
    15.8.1. Company details
    15.8.2. Financial outlook
    15.8.3. Product summary 
    15.8.4. Recent developments
    15.9. Stripe, Inc.
    15.9.1. Company details
    15.9.2. Financial outlook
    15.9.3. Product summary 
    15.9.4. Recent developments
    15.10. Thales
    15.10.1. Company details
    15.10.2. Financial outlook
    15.10.3. Product summary 
    15.10.4. Recent developments
    15.11. Others
     
    16. List of Abbreviations

    17. Reference Links

    18. Conclusion

    19. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Credit Card Issuance Services Market is projected to reach USD 1,119.09 billion by 2033, growing at a CAGR of 8.41% during the forecast period.
    Credit Card Issuance Services Market grew in market size from 2022. The Market is expected to reach USD 1,119.09 billion by 2033, at a CAGR of 8.41% during the forecast period.
    Credit Card Issuance Services Market CAGR of 8.41% during the forecast period.
    Credit Card Issuance Services Market size is USD 1,119.09 billion from 2023 to 2033.
    Credit Card Issuance Services Market Segment is covered By Type, By Issuers, By End User.
    The North America is anticipated to have the highest market share in the Credit Card Issuance Services Market.
    The key players in the market include Companies Covered American Express Company, Entrust Corporation, fis, Fiserv, Inc., Giesecke+Devrient GmbH, GPUK LLP, Marqeta, Inc., Nium Pte. Ltd., Stripe, Inc., Thales, Others.
    A credit card is a card provided by a financial institution, usually a bank, that allows the cardholder to borrow money from the institution. The cardholder agrees to repay the borrowed funds with interest, as per the terms and conditions set by the institution.
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