The global lending and payments market, a part of the financial
services industry, grew at a compound annual growth rate (CAGR) of around 5%
during the historic period. The financial services industry showed a steady
growth. The growth is mainly due to the increasing demand for loans in
manufacturing based countries such as China and the US. However, growth in 2017
is subdued due to recent legislations in Europe and China which limit the fees
charged on card-based payments.
In the forecast period, the global lending and payments market
size is expected to be over $9 trillion by 2021, growing at a CAGR of nearly 7%.
This is expected due to the increasing demand for loans in developing countries
such as Brazil, Russia, India and China (BRIC). Furthermore, rising population,
increase in dispensable income, and increasing per capita incomes are expected
to drive the global lending and payments market in the future.
Find TBRC’s report on the lending and payments market: https://www.thebusinessresearchcompany.com/report/lending-and-payments-global-market-report-2018
The global payments industry has witnessed rapid increase in
the adoption of EMV technology. This growth is driven by a higher level of data
security offered by EMV chip and PIN cards as compared to traditional magnetic
stripe cards. EMV is a security standard for various payment cards including
debit, credit, charge and prepaid cards.
Major companies in the lending and payments market, offering
EMV technology include Industrial and Commercial Bank of China, Agricultural
Bank of China, Bank of China, JP Morgan, Wells Fargo.
Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=226&type=smp
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