Italy Cards and Payments Market Trends and Analysis to 2022

Posted by miky santhosh on May 28th, 2018

The financial crisis of the world and debt cautiousness among the customers are promoting the growth of prepaid cards market during the forecast period (2018-2022). Prepaid cards restrict the customers towards unnecessary spending and control their expenses. The debit card is the leading segment of the payment cards market as per the number of cards in circulation and transactional volumes. However, Credit cards and Charge cards are expected to decline in terms of transaction value and volume in the forecast period.

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The increasing preferences of customers to control their spending limit and awareness about the advantages of prepaid card payments has made Italy one of the leading prepaid card markets of Europe. The mandatory e-payments for amounts greater than EUR 1,000 (USD1,390) by Italian government is encouraging the use of prepaid cards. Prepaid cards are expected to record highest growth volume in terms of issuance and transactions in the years ahead.

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