Credit Card Issuance Service Market Size and Analysis by 2031

Credit Card Issuance Service Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Consumer Credit Cards and Business Credit Cards); Issuers (Banks, Credit Union, and NBFCs); End User (Personal, and Business) and Geography

  • Report Code : TIPRE00039145
  • Category : Banking, Financial Services, and Insurance
  • Status : Data Released
  • No. of Pages : 150
Buy Now

The Credit Card Issuance Service market is anticipated to expand at a CAGR of 7.9% from 2023 to 2031. Credit cards are becoming increasingly popular since they are convenient to carry and serve as a viable alternative to cash. 

Credit Card Issuance Service Market Analysis 

The rise in demand for credit card services in emerging countries is propelling the credit card issuing services industry forward. The credit card industry has also developed, with streamlined and online credit card applications, several types of credit cards tailored to specific needs, virtual cards with additional spending limitations, and personalized offers and rewards. In addition, contactless and digital credit card services are becoming more popular, as is the desire for cash alternatives and the availability of low-cost credit cards.

Credit Card Issuance Service Industry Overview

The credit card issuer issues a credit card to a customer when or after the credit provider approves the account, which does not have to be the same organization as the card issuer. Cardholders can then use it to make purchases at merchants that accept the card. Furthermore, a credit card is a payment card supplied to cardholders that allows them to pay a merchant for products and services based on their outstanding debt. Credit cards offer high-security features for moving funds from one account to another, increasing the demand for credit cards among users.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Credit Card Issuance Service Market: Strategic Insights

Credit Card Issuance Service Market

  • CAGR (2023 - 2031)
    7.9%
  • Market Size 2023
    US$ XX million
  • Market Size 2031
    US$ XX million

Market Dynamics

GROWTH DRIVERS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
FUTURE TRENDS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
OPPORTUNITIES
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX

Key Players

  • Fiserv Inc.
  • Marqeta Inc.
  • Stripe Inc.
  • Giesecke+Devrient GmbH
  • Entrust Corporation
  • GPUK LLP
  • Nium Pte. Ltd
  • fis
  • Thales
  • American Express Company

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Consumer Credit Cards and Business Credit Cards
Issuers
  • Banks
  • Credit Union
  • NBFCs
End User
  • Personal
  • Business
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Credit Card Issuance Service Market Drivers and Opportunities

Increase in Contactless and Digital Credit Card Services to Drive the Credit Card Issuance Service Market Growth.

The biggest advantage of contactless is that it is rapid, which means no lines. Furthermore, clients often appreciate the convenience of not having to input their PIN. Contactless payments, often known as "tap and go" or "tap to pay," can be up to 10 times faster than traditional payment methods. Furthermore, many companies now provide credit card services that are linked to devices such as smartphones and give an alternate method of contactless payment utilizing the same technology as contactless credit cards. For example, Apple Pay securely keeps personal information and credit card data on an iPhone or Apple Watch, allowing consumers to touch and go to participating stores.

Credit Card Issuance Service Market Report Segmentation Analysis

  • Based on type, the credit card issuance service market is segmented into consumer credit cards and business credit cards. The consumer credit cards segment is expected to hold a substantial credit card issuance service market share in 2023.
  • This is due to the recent surge in the consumer credit card category, as individuals prefer credit cards for daily transactions and personal credit needs.

Credit Card Issuance Service Market Share Analysis By Geography

The scope of the credit card issuance service market report is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is experiencing rapid growth and is anticipated to hold a significant credit card issuance service market share. The credit card sector is thriving in the region thanks to the presence of four main companies: Visa, MasterCard, American Express, and Discover. Furthermore, credit cards are extremely popular in the United States, with approximately 120 million individuals in debt. These factors drive market growth in the region.

Credit Card Issuance Service Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX million
Market Size by 2031 US$ XX million
Global CAGR (2023 - 2031) 7.9%
Historical Data 2021-2022
Forecast period 2023-2031
Segments Covered By Type
  • Consumer Credit Cards and Business Credit Cards
By Issuers
  • Banks
  • Credit Union
  • NBFCs
By End User
  • Personal
  • Business
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Fiserv Inc.
  • Marqeta Inc.
  • Stripe Inc.
  • Giesecke+Devrient GmbH
  • Entrust Corporation
  • GPUK LLP
  • Nium Pte. Ltd
  • fis
  • Thales
  • American Express Company
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    The "Credit Card Issuance Service Market Analysis" was carried out based on type, issuers, end users, and geography. Based on the type, the credit card issuance service market is segmented into consumer credit cards and business credit cards. In terms of issuers, the market is segmented into banks, credit unions, and NBFCs. Based on end use, the market is segmented into personal, and business. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

    Credit Card Issuance Service Market News and Recent Developments

    Companies adopt inorganic and organic strategies such as mergers and acquisitions in the credit card issuance service market. The credit card issuance service market forecast can help stakeholders plan their growth strategies. A few recent key market developments are listed below: 

    • In March 2021, Mastercard Inc. purchased Nets Group's account-to-account services, including clearing, quick payment, and e-billing solutions, for roughly $3.12 billion (€2.8 billion). Mastercard's acquisition has increased its exposure to high-growth markets and e-commerce while refocusing its business model on merchant, issuer, and e-security services. Nets Group, established in Denmark, provides a full range of credit card issuing services.

    [Source: Mastercard Inc., Company Website]

    • In January 2020, Zuora, Inc. has teamed with SB Payment Service Corp., a Softbank Group entity. The agreement aimed to enable Japanese enterprises operating in a wide range of industries to handle credit card payments securely and conveniently on a subscription basis

     [Source: Zuora, Inc., Company Website]

    Credit Card Issuance Service Market Report Coverage & Deliverables

    The market report on “Credit Card Issuance Service Market Size and Forecast (2021–2031)”, provides a detailed analysis of the market covering below areas-

    • Market size & forecast at global, regional, and country level for all the key market segments covered under the scope.
    • Market dynamics such as drivers, restraints, and key opportunities.
    • Key future trends.
    • Detailed PEST & SWOT analysis
    • Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
    • Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
    • Detailed company profiles.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    What is the estimated market CAGR for the global credit card issuance service market?

    The global credit card issuance service market is expected to grow at a CAGR of 7.9% during the forecast period 2023–2031.

    What are the driving factors impacting the global credit card issuance service market?

    The increase in contactless and digital credit card services and credit card demand continues to grow in emerging countries. and growth in e-commerce are the major factors that propel the global credit card issuance service market.

    What are the future trends of the global credit card issuance service market?

    Technological advancements transforming credit card issuance services are anticipated to play a significant role in the global credit card issuance service market in the coming years.

    Which are the key players holding the major market share of the credit card issuance service market?

    The key players holding majority shares in the global credit card issuance service market are Fiserv Inc., Marqeta Inc., Stripe Inc., Giesecke+Devrient GmbH, and Entrust Corporation,

    • Fiserv Inc.
    • Marqeta Inc.
    • Stripe Inc.
    • Giesecke+Devrient GmbH
    • Entrust Corporation
    • GPUK LLP
    • Nium Pte. Ltd
    • fis
    • Thales
    • American Express Company

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

    Trends and growth analysis reports related to Credit Card Issuance Service Market