Market Size of Europe Credit Cards Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.47 Trillion |
| Market Size (2029) | USD 2.84 Trillion |
| CAGR (2024 - 2029) | 2.83 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Credit Cards Market Analysis
The Europe Credit Cards Market size in terms of transaction value is expected to grow from USD 2.47 trillion in 2024 to USD 2.84 trillion by 2029, at a CAGR of 2.83% during the forecast period (2024-2029).
Credit cards are Europe's fastest-growing form of non-cash payment, with the number and volume of transactions. The European card market retains huge growth potential despite the current global economic crisis and demanding conditions in the financial services industry.
European card issuers must constantly adapt measures to maintain customer relationships and trust as new competition emerges. Partnerships with digital players and established brands could help issuers gain an edge in key areas, including user experience and customer engagement.
Most people see payment cards as a quick and easy way of making retail payments. They are the most widely used and fastest-growing electronic payment instrument in Europe. In Europe, the payment card is the most commonly used payment instrument in terms of volume. The utilization of payment cards has expanded, leading to a decline in the use of checks, a trend seen in countries like the Netherlands, where checks were entirely phased out upon the introduction of the Euro.
