Greece was severely affected by the eurozone crisis, due to government overspending, tax evasion and a budget deficit that spiralled out of control. Many banks faced …
Czech Republic: Card use rises as consumer preference shifts
Cash remains the preferred method of consumer payment in the Czech Republic, accounting for 65.9% of total transaction volume in 2017. Consumers generally use cash …
Kenya: Consumer attitudes and limited acceptance restrict card use
Kenya’s payment card market is still very much in a developmental stage. The East African nation recorded a penetration rate of 30 cards per 100 …
Finland: Improved infrastructure and awareness bolster card use
Finnish consumers are strong users of payment cards, with frequency of card use higher in Finland than in other mature European markets such as the …
Portugal: Consumer prudence favours debit card transactions
Portugal’s banking sector was badly affected by the economic crisis. Amid growing debt and falling profitability, banks were forced to close operations, triggering mergers and …
The Philippines: Cash continues to dominate, despite strong card growth
Cash remains, by a very considerable margin, the most popular consumer payment instrument in the Philippines, and accounted for 99.5% of the country’s total payment …
Nigeria: Moves to increase the banked population begin to take effect
Use of cash for consumer payments remains highly prevalent among Nigerians, especially for the country’s large rural population. This is primarily a result of a …
Chile: Changing lifestyles and new facilities boost card uptake
Cash remains the preferred method of consumer payment in Chile, accounting for 73% of the total payment transaction volume in 2017. However, payment card transactions …
Netherlands: Debit cards continue to dominate Dutch market
The Dutch payment cards market is mature, with a high penetration rate of 1.9 cards per inhabitant. The market is dominated by debit cards, which …
Denmark: Danish cashless drive on track
The Danish cards and payments industry is well developed, and its consumers are prolific users of payment cards. The country has the highest frequency of …