GITNUX MARKETDATA REPORT 2024

Global Credit Industry Statistics

Global credit industry statistics provide valuable insights into the lending and borrowing trends across various sectors and geographic regions.

Statistic 1

"The global credit card market reached a value of nearly USD 1,975.4 billion in 2020."

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Statistic 2

"The credit card market is expected to grow at a CAGR of 5.3% from 2021 to 2023."

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Statistic 3

"Contactless cards claim 51% of all cards globally (in circulation) as of 2019."

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Statistic 4

"Digital credit card transactions are projected to reach USD 10.5 trillion annually by 2025."

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Statistic 5

"Globally, the average consumer has 2.42 credit cards."

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Statistic 6

"By 2026, the total global credit card transactions are expected to reach 1.31 trillion."

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Statistic 7

"The value of commercial card transactions globally reached $31.6 trillion in 2020, representing a 7.8% increase from the previous year."

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Statistic 8

"Global non-cash transactions surged nearly 14% from 2018 to 2019 to reach 708.5 billion transactions, the highest growth rate recorded in the past decade."

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Statistic 9

"North America accounted for nearly 50% of the global credit card market in 2019."

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Statistic 10

"Online credit card transactions are expected to grow by 16% CAGR between 2021 and 2028."

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Statistic 11

"2.8 billion payment cards were issued in 2020 with 5.6 million contact and contactless card payment terminals available in commercial establishments."

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Statistic 12

"The value of global card purchase transactions increased by 8.6% in 2020 to reach $31.96 trillion."

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Statistic 13

"Visa holds a roughly 52% market share of the global digital payment industry."

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Statistic 14

"Mobile wallet transactions are projected to cross $2 trillion in 2020."

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Statistic 15

"Credit card fraud losses were $28.65 billion in 2020 globally."

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Statistic 16

"Visa and Mastercard together hold the vast majority of the world credit card market share, with Visa at 60.5% and Mastercard at 26.9% as of 2020."

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Statistic 17

"By 2027, the global mobile credit card processing software market is predicted to reach $310 billion."

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Statistic 18

"China represents the world's largest credit card market in terms of transaction value, accounting for more than 45% of the total share."

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Statistic 19

"There was a 0.3% growth in the number of open credit card accounts, which totalled approximately 364 million by the end of the first quarter of 2021."

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