- Vietnam: Vietnam's commercial banks are striving to expand the country's nascent credit cards market as it represents a huge opportunity. The low level of credit card penetration, at nine cards per 100 adults in 2016, underscores the market's growth potential.
- Germany: Debit cards are widely available in Germany and are a common means of payment. Despite their popularity (indicative of financial prudence amongst German consumers), in terms of billed volume, credit cards have been growing at a faster pace (17.2 percent in 2016) than debit cards (2.4 percent).
- Indonesia: Credit cards remain a profitable business for issuers in Indonesia, with pre-tax profits growing by 26 percent during 2016.
- Belgium: As of late 2016, some 30 percent of merchants only accepted dominant local scheme Bancontact's debit cards, thus inhibiting the usage and growth of credit cards. However, this also represents an opportunity to expand the acceptance network for credit cards.
AT A GLANCE
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