According to the latest report by IMARC Group, that the global credit card payment market size reached US$ 477.63 Billion in 2021. A credit card is a payment tool issued by financial institutions with a pre-set credit limit that allows cardholders to make purchases without using cash at the point of sale. It helps increase the purchasing power of individuals by allowing individuals to pay the charges accrued as a balance on a monthly billing cycle.

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Global Credit Card
Payment Market
Research
Report 2022-2027
Author: Elena Anderson
Marketing Manager
IMARC Group
© 2022 IMARC All Rights Reserved

2. Report Description
About IMARC Group
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3. Report Description
Report Description and Highlights
Global Credit Card Payment Market Outlook 2022-2027:
The latest report by IMARC Group, titled “Credit Card Payment Market: Global Industry Trends,
Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global credit card payment
market size reached US$ 477.63 Billion in 2021.
A credit card is a payment tool issued by financial institutions with a pre-set credit limit that allows
cardholders to make purchases without using cash at the point of sale. It helps increase the
purchasing power of individuals by allowing individuals to pay the charges accrued as a balance on a
monthly billing cycle.
It also creates a credit score for loans and mortgages, provides cashback, miles points and zero foreign
transaction fees, and offers protection against fraudulent activities. As a result, there has been a
significant increase in the number of credit card payments across the globe.
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market/requestsample

4. Report Description
Report Description and Highlights
Global Credit Card Payment Market Drivers/Constraints:
The market is primarily driven by the escalating demand for cash alternatives for making payments. In
addition, the widespread availability of affordable credit cards represents another major growth-
inducing factor. Besides this, individuals use credit cards to purchase laptops, televisions (TV),
smartphones, travel packages, and jewelry.
This, coupled with various advancements in blockchain technology that offer higher security, is
positively influencing the market growth. Moreover, the growing popularity of special credit cards
offered by enterprises to their employees for keeping records of travel, food, accommodation, and
inventory is creating a positive market outlook across the globe. Furthermore, the increasing research
and development (R&D) activities to offer enhanced digital prepaid card services have encouraged
individuals to opt for credit card payments.
Furthermore, rapid urbanization in developing economies and the rising product adoption in food,
grocery, healthcare, hospitality, electronics, media and entertainment, travel, and tourism industries are
some of the other factors augmenting the market growth.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/credit-card-payment-market

5. Report Description
Report Description and Highlights
Key Market Segmentation
The research report includes the following segments:
Breakup by Card Type:
• General Purpose Credit Cards
• Specialty Credit Cards
Breakup by Provider:
• Visa
• Mastercard
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.

6. Report Description
Report Description and Highlights
Breakup by Application:
• Food and Groceries
• Health and Pharmacy
• Restaurants and Bars
• Consumer Electronics
• Media and Entertainment
• Travel and Tourism
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

7. Report Description
Report Description and Highlights
Competitive Landscape:
• American Express Company
• Bank of America Corporation
• Barclays PLC
• Capital One Financial Corporation (Signet Financial Corporation)
• Citigroup Inc
• JPMorgan Chase & Co
• Mastercard Inc
• Synchrony bank
• The PNC Financial Services Group Inc
• United Services Automobile Association
• Visa Inc
Note: We are updating our reports, If you want the report with the latest primary and secondary
data (2022-2027) including industry trends, market size and Competitive landscape, etc.
Click here: https://www.imarcgroup.com/credit-card-payment-market/requestsample

8. Report Description
Key Questions Answered in the Report
1. What has been the historical growth rate of the global Credit Card Payment Market?
2. What has been the impact of COVID-19 on the global Credit Card Payment Market?
3. What are the key factors driving the global Credit Card Payment Market?
4. What is the breakup of the global Credit Card Payment Market based on the type?
5. What is the breakup of the global Credit Card Payment Market based on the application?
6. What is the breakup of the global Credit Card Payment Market based on the distribution channel?
7. What are the key regions in the global Credit Card Payment Market?
8. Who are the key players/companies in the global Credit Card Payment Market?

9. Report Description Table of Contents
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

10. Report Description Table of Contents
5 Global Credit Card Payment Market Industry
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Card Type
5.5 Market Breakup by Provider
5.6 Market Breakup by Application
5.7 Market Breakup by Region
Click here to visit the complete table of content with list of figures and tables:
https://www.imarcgroup.com/credit-card-payment-market/toc

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Partial List of Clients

12. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

13. Report Description
Report Description and Highlights
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