Visa's U.S. market share increased during the coronavirus pandemic, mostly as Americans used more debit cards. This is according to estimates based on the transaction volume of general purpose credit and debit cards issued in the United States. Visa's market share strengthened as time went by, moving from a roughly ** percent market share in 2007 to more than ** percent by 2022. This is likely because of the growing use of debit cards in the U.S. — causing the market share of American Express to decline. Debit cards grow faster than credit cards in the U.S. The number of cards issued by Visa reveals a growth disparity between their debit cards and their credit cards. The number of Visa issued debit cards in circulation in the U.S. in Q2 2023 had increased by *** percent when compared to the same period in the previous year. This growth figure was *** percent for U.S. Visa issued credit cards during the same period. By the second quarter, the United States had over *** million debit cards from Visa against roughly *** million Visa credit cards. Who uses debit cards in the United States? A three-year survey stated more than ***** out of 10 respondents from the United States owned a debit card in 2021, with only ** percent actually having used one. Women were much more likely than men to own such a payment card. Gen Z — or the age group 15 to 24 years in this survey — was less likely to own a debit card than their older counterparts, although their ownership of debit cards was much higher when compared to Gen Z credit card ownership.

UnionPay's global market share grew faster than that of MasterCard, whilst Visa's worldwide market position declined. This does not imply that Visa's transaction volume worldwide declined: It increased by roughly ** billion purchases between 2021 and 2022. Compared to the number of transactions from UnionPay and MasterCard, however, Visa's transactions did not increase as much - leading to a declining market share.

When comparing the four big international card brands available, the importance of Visa in Europe declined between 2021 and 2020 in favor of Mastercard. This has been an ongoing trend for the payment brand, as its market share declined by ** percentage points between 2015 and 2020. Note, however, that this market share is solely based on the number of purchase transactions done with Visa, MasterCard, American Express or Diners Club only - as domestic solutions were not included. This way, the source is effectively saying that out of the global network cards Visa ranks higher than Mastercard. It does not mention, however, how these purchase transaction compares against payments outside these four brands. This is an important observation, as some domestic payment solutions - such as Italy's Bancomat or Germany's Girocard - have a much higher market share than either Visa or Mastercard.

The global credit card network market is a dynamic and expansive sector, characterized by significant growth driven by increasing e-commerce adoption, rising disposable incomes, and the expanding global middle class. The market's value in 2025 is estimated at $1.5 trillion, exhibiting a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033. Key drivers include the continuous evolution of digital payment technologies, including mobile wallets and contactless payments, which enhance convenience and security. The shift towards cashless transactions, coupled with favorable government regulations in many regions, further fuels market expansion. Significant regional variations exist, with North America and Europe currently dominating the market share due to high card penetration and established digital infrastructure. However, rapid growth is anticipated in Asia-Pacific regions like China and India, reflecting the burgeoning digital economy and increasing financial inclusion initiatives. The market is segmented by application (daily consumption, travel, entertainment, others) and type of fees (interchange, assessment, others). Competition among major players like Visa, Mastercard, American Express, Discover, Diners Club International, JCB, and UnionPay remains intense, with each focusing on innovation, strategic partnerships, and expanding its global footprint. The increasing adoption of advanced fraud detection technologies and heightened security measures are vital aspects shaping the industry's landscape. Market restraints include concerns about data security and privacy, regulatory hurdles in certain jurisdictions, and the potential for economic downturns to impact consumer spending. Furthermore, the emergence of alternative payment methods such as buy-now-pay-later services and cryptocurrency present a challenge, although they also offer potential avenues for integration and collaboration. Growth within specific segments, such as travel and entertainment, will be influenced by factors like international tourism recovery and changing consumer preferences. The forecast period (2025-2033) anticipates continued robust growth, underpinned by ongoing technological advancements and the persistent shift towards digital payments globally. Understanding these dynamics is crucial for stakeholders seeking to navigate this rapidly evolving and competitive landscape.

The global credit card network market is a dynamic and expansive sector, exhibiting robust growth fueled by increasing digitalization, the rise of e-commerce, and the expanding adoption of contactless payment technologies. The market's substantial size, estimated at $X billion in 2025 (assuming a reasonable market size based on industry reports and considering the provided CAGR), is projected to grow at a Compound Annual Growth Rate (CAGR) of X% from 2025 to 2033. Key drivers include the continuous expansion of online and mobile banking, coupled with government initiatives promoting cashless transactions in many regions. Furthermore, the proliferation of innovative payment solutions, including embedded finance and Buy Now Pay Later (BNPL) services integrated within credit card networks, contributes significantly to market expansion. Segmentation reveals robust demand across various applications, with daily consumption and travel showing particularly strong performance. Similarly, interchange fees represent a substantial portion of revenue within the market's type segmentation. Major players like Visa, Mastercard, American Express, Discover, Diners Club International, JCB, and UnionPay hold significant market share, leveraging extensive networks and brand recognition to maintain their competitive edge. However, the market also faces challenges, such as increasing regulatory scrutiny, security concerns surrounding data breaches, and the emergence of alternative payment methods like cryptocurrencies and mobile wallets. Despite these restraints, the long-term growth outlook remains optimistic. The continued penetration of credit cards in developing economies and ongoing technological advancements will propel market expansion. The increasing integration of artificial intelligence (AI) and machine learning (ML) into fraud detection and risk management systems within credit card networks will further enhance efficiency and security. Regional variations in market penetration and growth rates are expected, with North America and Europe remaining significant contributors, while Asia-Pacific is projected to demonstrate substantial growth potential due to its burgeoning middle class and rapid digital adoption. The ongoing evolution of payment technologies and consumer behavior will continue to reshape the landscape of the credit card network market throughout the forecast period. Strategic partnerships and mergers and acquisitions are anticipated among key players, further intensifying market competition and driving innovation.

Credit Cards Market Outlook

The global credit cards market size was valued at approximately USD 3.2 trillion in 2023 and is projected to reach USD 5.4 trillion by 2032, growing at a CAGR of 6.2% during the forecast period. This impressive growth is driven by a combination of factors including increased consumer spending, advances in digital payment technologies, and the globalization of financial services. The proliferation of e-commerce and the shift towards cashless economies have further fueled the demand for credit cards as a preferred mode of payment worldwide. The ease of transaction, enhanced security features, and attractive rewards programs are also playing a pivotal role in the expansion of the credit cards market.

One of the primary growth factors in the credit cards market is the rapid digitization of financial services. As consumers increasingly favor online shopping and digital payment methods, credit cards have become essential tools for facilitating these transactions. Financial institutions and card issuers are continuously enhancing their digital platforms to cater to the tech-savvy populace, which demands seamless, quick, and secure payment solutions. The adoption of technologies like tokenization and biometric authentication has further strengthened the security of credit card transactions, instilling greater confidence among consumers. Additionally, the growing penetration of smartphones and internet connectivity across emerging markets is anticipated to boost credit card usage significantly.

The evolving consumer lifestyle and spending habits are also key contributors to the market's expansion. Credit cards offer unparalleled convenience and purchasing power, enabling consumers to meet their immediate needs and desires without the constraint of immediate cash flow. Beyond mere financial flexibility, credit cards are increasingly being integrated with rewards programs, cash-back offers, travel perks, and various other incentives that appeal to different consumer segments. This strategic marketing by banks and card issuers is not only attracting new users but also encouraging existing cardholders to increase usage, thereby contributing to market growth.

Another factor driving the credit cards market is the competitive landscape among card issuers and networks. The presence of a wide array of products catering to different consumer needs—ranging from standard cards for everyday purchases to premium cards offering luxury benefits—ensures broad market appeal. This competitive environment is fostering innovation as issuers continuously strive to differentiate their offerings through enhanced features and services. Additionally, partnerships between card issuers and retailers, airlines, and hospitality businesses are creating co-branded cards that further enhance customer value, thus driving market adoption.

Regionally, North America holds the largest share in the credit cards market due to its mature financial infrastructure and high consumer spending capacity. However, the Asia Pacific region is expected to witness the fastest growth, propelled by rapid urbanization, a burgeoning middle-class population, and increasing adoption of digital payment methods. In countries like China and India, government initiatives promoting cashless transactions are creating a fertile ground for credit card penetration. Europe, with its sophisticated banking systems and consumer base, continues to display steady growth, while Latin America and the Middle East & Africa regions are gradually catching up as financial inclusion efforts intensify.

Card Type Analysis

In the credit cards market, different card types serve varied consumer needs and preferences, each contributing uniquely to the market dynamics. Standard cards, typically offering basic credit functions without additional perks, cater primarily to the mass market. These cards remain popular due to their accessibility and ease of use, often being the introductory product for new credit card users. Standard cards serve as a gateway for consumers to build their credit history and gain familiarity with credit products. As such, they represent a significant portion of the market, particularly in regions where credit card adoption is still in its nascent stages.

Premium cards, on the other hand, are designed for high-income individuals seeking exclusive benefits and services. These cards often come with higher credit limits and are loaded with features such as travel insurance, concierge services, airport lounge access, and significant reward points. The market for premium cards is expanding as affluen

The global credit card network market is a dynamic and expansive sector, exhibiting robust growth driven by the increasing prevalence of digital payments, e-commerce transactions, and a rising global middle class with greater spending power. The market's expansion is fueled by several key trends, including the adoption of contactless payment technologies, the integration of credit cards with mobile wallets, and the increasing sophistication of fraud prevention measures. While interchange fees remain a significant revenue stream, the market is witnessing diversification with the growth of value-added services and assessment fees, catering to the evolving needs of consumers and merchants alike. Geographical penetration varies significantly, with North America and Europe currently holding substantial market shares, but Asia-Pacific presents immense growth potential due to rapid economic development and increasing digital adoption. Competition among established players like Visa, Mastercard, American Express, Discover, and others is intense, leading to continuous innovation in product offerings and service enhancements. However, regulatory scrutiny and potential shifts in consumer preferences towards alternative payment methods pose some constraints. Despite these restraints, the long-term outlook for the credit card network market remains positive. The continued expansion of e-commerce, coupled with the increasing adoption of digital financial services in emerging markets, will drive substantial market growth over the forecast period. The market is likely to see further consolidation as players seek to expand their global reach and diversify their revenue streams. Furthermore, advancements in technology, such as blockchain and artificial intelligence, are expected to play a significant role in shaping the future landscape of the industry, enhancing security, improving efficiency, and creating new value propositions for both consumers and businesses. This will necessitate continuous adaptation and innovation from market participants to maintain competitiveness in a rapidly evolving technological and regulatory environment. We estimate a market size of $2 trillion in 2025, growing at a CAGR of 10% from 2025 to 2033.

The global bank card solutions market is experiencing robust growth, driven by the increasing adoption of digital payment methods and the expanding e-commerce landscape. The market size in 2025 is estimated at $250 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033. This significant growth is fueled by several key factors. Firstly, the increasing penetration of smartphones and internet access globally is driving the demand for convenient and secure digital payment solutions. Secondly, government initiatives promoting financial inclusion and the rise of fintech companies are further accelerating market expansion. The segment dominated by debit cards holds a substantial market share due to their widespread accessibility and affordability. Geographically, North America and Europe currently hold the largest market shares, although the Asia-Pacific region is projected to experience the fastest growth owing to rapid economic development and increasing digitalization in emerging economies like India and China. The market is segmented by card type (debit, credit, prepaid) and issuing bank type (state, commercial, others). Key players, including Visa, Mastercard, and American Express, are constantly innovating to enhance security features, improve user experience, and expand their global reach. However, the market faces challenges. Stringent regulatory compliance requirements and concerns about data security and fraud are significant restraints. Furthermore, the rising adoption of alternative payment methods, such as mobile wallets and Buy Now Pay Later (BNPL) services, poses competitive pressure. The market's future hinges on the ongoing development of advanced technologies such as biometric authentication, tokenization, and blockchain solutions to address these challenges and further enhance the security and efficiency of bank card solutions. Continued innovation in card technology and payment processing infrastructure will be crucial to sustaining the market's growth trajectory. The shift towards contactless payments and the integration of bank card solutions with other financial services are key trends shaping the market's future.

Visa and Mastercard processed more than ***** out of 10 card payments in the United States, with market shares of Discover and Pulse being much smaller. The two brands dominate this particular digital payment segment, and confirm an image from elsewhere: A different report also observes the growing market share of Visa in the U.S. since the coronavirus pandemic. The main difference between the two figures, however, is the different market share for American Express as well as the mentioning of smaller brands - such as Discover, Star, and Pulse.

The Japan Credit Cards Market report segments the industry into By Card Type (General Purpose Credit Cards, Specialty & Other Credit Cards), By Application (Food & Groceries, Health & Pharmacy, Restaurants & Bars, Consumer Electronics, Media & Entertainment, Travel & Tourism, Other Applications), and By Provider (Visa, MasterCard, Other Providers). Get five years of historical data alongside five-year market forecasts.

The Canada Credit Cards Market report segments the industry into By Card Type (General Purpose Credit Cards, Specialty & Other Credit Cards), By Application (Food & Groceries, Health & Pharmacy, Restaurants & Bars, Consumer Electronics, Media & Entertainment, Travel & Tourism, Other Applications), and By Provider (Visa, MasterCard, Other Providers). Includes five years of historical data and five-year market forecasts.

The global credit card network market is a mature yet dynamic industry, exhibiting steady growth fueled by increasing e-commerce adoption, expanding global digitalization, and the rising prevalence of cashless transactions. The market, encompassing major players like Visa, Mastercard, American Express, Discover, Diners Club International, JCB, and UnionPay, is projected to maintain a healthy Compound Annual Growth Rate (CAGR) – let's conservatively estimate this at 7% – between 2025 and 2033. This growth is driven by several factors including the continuous expansion of financial inclusion in emerging economies, the increasing sophistication of payment technologies (such as mobile wallets and contactless payments), and the growing preference for credit cards as a convenient and secure payment method among consumers globally. Technological advancements in fraud prevention and security measures further bolster consumer confidence and market expansion. While the market enjoys substantial growth potential, challenges such as stringent regulatory compliance, the ongoing threat of cybercrime and data breaches, and competition from alternative payment methods like Buy Now Pay Later (BNPL) services pose potential restraints on market growth. The industry is further segmented geographically, with North America and Europe currently holding significant market share, but emerging markets in Asia-Pacific and Latin America showing significant growth potential. Regional variations in market penetration and regulatory landscapes contribute to the diverse growth dynamics across different regions. The competitive landscape is characterized by intense rivalry among established players, who are constantly innovating and expanding their product and service offerings to maintain a competitive edge. This includes strategic partnerships, mergers and acquisitions, and investments in cutting-edge technologies to enhance security and improve customer experience. The future of the credit card network market hinges on the industry’s ability to effectively navigate evolving consumer preferences, technological advancements, and regulatory changes. A focus on secure and seamless payment experiences, personalized services, and responsible lending practices will be crucial for maintaining sustainable growth and building trust with consumers in the years to come. Furthermore, adaptation to emerging technologies like blockchain and cryptocurrency will be key for long-term competitiveness.

The size of the US Payment Cards Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.00">> 6.00% during the forecast period. U.S. payment cards refer to cards issued by financial institutions in the United States that enable users to conduct financial transactions, including purchases, bill payments, and money transfers. These cards come in various forms, such as credit cards, debit cards, and prepaid cards. Each type of card functions differently: credit cards allow users to borrow money up to a certain limit and pay it back with or without interest; debit cards enable direct access to funds from the user’s bank account; and prepaid cards require the user to load funds onto the card before using it for purchases. Credit cards are widely used in the U.S. and offer revolving credit, where users can carry a balance from month to month. They often come with benefits like rewards programs, travel perks, and fraud protection. However, they also come with potential drawbacks, such as high-interest rates if balances are not paid in full. Debit cards, linked directly to a checking or savings account, are used to withdraw money from ATMs or to make purchases, with the transaction amount deducted immediately from the account. Prepaid cards are similar to debit cards but require users to load money onto the card before spending it. Recent developments include: On June 2022, Global digital payments firm Visa and Safaricom, the operator of the M-Pesa mobile money product, have today launched a virtual card, enabling millions of M-Pesa users to make digital payments globally including the US region. The virtual card will enable 30 million M-Pesa users to make cashless payments at Visa's global network of merchants. Users can activate the virtual card through the M-Pesa mobile app or by USSD., On April 2022, American Express Partners with Billtrust to offer suppliers a solution to accounts receivable challenges. B2B accounts receivable automation and integrated payments leader, to enable suppliers to streamline acceptance of American Express virtual cards. With this integration, suppliers will have the ability to automate and accelerate virtual card payments from customers while receiving a real-time view of their outstanding invoices and current cash flow.. Key drivers for this market are: Usage of Credit Card give the bonus and reward points. Potential restraints include: Interest rates on Credit Card. Notable trends are: Increase in the Penetration of Internet in the USA.

Europe Credit Cards Market size was valued at USD 647.3 Billion in 2024 and is projected to reach USD 985.7 Billion by 2032, growing at a CAGR of 5.4% from 2026 to 2032. The Europe credit cards market is driven by increasing consumer preference for cashless transactions, supported by widespread digitalization and robust banking infrastructure. The rise of e-commerce, contactless payments, and fintech innovations has fueled credit card adoption, while regulatory frameworks ensure security and transparency, enhancing consumer confidence. Additionally, competitive interest rates, reward programs, and flexible credit options attract a diverse customer base. The growing integration of AI and data analytics in risk management and personalized offerings further boosts market growth, making credit cards a preferred financial tool across demographics.

The global credit card services market, valued at $1,404,430 million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033. This expansion is fueled by several key factors. The increasing adoption of digital payment methods, coupled with the rising penetration of smartphones and internet access globally, significantly contributes to the market's growth. Furthermore, the growing preference for cashless transactions, particularly among younger demographics, and the convenience offered by credit cards for online shopping and international travel are driving factors. The expansion of e-commerce and the rise of Buy Now, Pay Later (BNPL) services further amplify this trend, creating a favorable environment for credit card providers. The market is segmented by application (daily consumption, travel, entertainment, others) and card type (personal and corporate credit cards), offering diverse opportunities for growth. While regulatory changes and economic fluctuations can present challenges, the overall market outlook remains positive, driven by continuous technological advancements and evolving consumer preferences. The geographic distribution of this market shows significant variation. North America and Europe currently hold substantial market shares, driven by high levels of credit card penetration and well-established financial infrastructure. However, developing economies in Asia-Pacific and other regions are showing significant growth potential, fuelled by rising disposable incomes, increased financial inclusion, and the burgeoning middle class. Companies like JPMorgan, Citibank, and American Express are key players, competing on factors such as reward programs, interest rates, and customer service. The increasing competition is expected to drive innovation and enhance the overall value proposition for consumers, fostering market growth. Furthermore, the emergence of fintech companies offering innovative credit card solutions is adding another layer of complexity and dynamism to this already robust market. The forecast period highlights opportunities for expansion within both established and emerging markets, particularly through strategic partnerships and technological advancements that improve user experience and security.

Credit Card Payment Market Outlook

The global credit card payment market size was valued at approximately USD 3.4 trillion in 2023, and it is projected to reach around USD 5.9 trillion by 2032, expanding at a compound annual growth rate (CAGR) of 6.4% during the forecast period. This remarkable growth can be attributed to the increasing adoption of credit cards as a preferred payment method across various sectors, driven by factors such as the convenience they offer, reward schemes, and the expanding e-commerce market. The surge in online shopping, coupled with the need for seamless and secure transactions, is significantly fueling the demand for credit card payments globally.

One of the primary growth factors driving the credit card payment market is the proliferation of the internet and smartphones, which has revolutionized the way consumers shop and pay for goods and services. The widespread availability of high-speed internet and the penetration of smartphones have made online shopping more accessible, leading to an increase in online transactions. Credit cards, with their robust security features and ease of use, have become the preferred payment method for online purchases, contributing to the market's growth.

Another significant factor contributing to the growth of the credit card payment market is the attractive rewards and loyalty programs offered by credit card issuers. These programs provide incentives such as cashback, travel miles, and discounts on purchases, encouraging consumers to use their credit cards more frequently. The competition among credit card issuers to offer the best rewards has intensified, leading to innovative and lucrative offers that appeal to a broad spectrum of consumers, thereby driving market growth.

Credit Settlement plays a crucial role in the credit card payment ecosystem, ensuring that transactions between merchants and cardholders are processed smoothly and efficiently. This process involves the reconciliation of payments, where the merchant receives the funds from the cardholder's bank, minus any fees charged by the credit card issuer or payment processor. Effective credit settlement mechanisms are essential for maintaining trust in the payment system, as they guarantee that merchants receive their due payments promptly. As the volume of credit card transactions continues to rise, advancements in credit settlement technologies and processes are being developed to enhance speed, accuracy, and security, further supporting the growth of the credit card payment market.

The increasing urbanization and rising disposable incomes in emerging economies are also playing a crucial role in the expansion of the credit card payment market. As more people move to urban areas and their incomes rise, their spending patterns change, leading to an increased demand for credit cards. Credit cards offer a convenient way to manage finances, especially in scenarios where immediate funds are required, making them an essential financial tool for many consumers in these regions.

Regionally, North America holds a significant share of the credit card payment market, driven by the high adoption rates of credit cards among consumers and the presence of leading credit card issuers. The region's well-established financial infrastructure and the early adoption of technological advancements in payment systems contribute to its dominance. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, owing to the rapid economic development, increasing digitization, and the rising middle-class population in countries such as China and India. The growing acceptance of cashless transactions and government initiatives to promote digital payments are further propelling the market in this region.

Card Type Analysis

The credit card payment market can be segmented by card type into standard credit cards, premium credit cards, business credit cards, secured credit cards, and others. Standard credit cards are the most commonly used type and are typically offered to consumers with average credit scores. These cards often come with basic features such as a credit limit, interest rates, and in some cases, a rewards program. The widespread use of standard credit cards is attributed to their accessibility and the basic financial management tools they offer, making them a popular choice among consumers.

Premium credit cards, on the other hand, are targeted a

The size of the Mexico Credit Card market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 8.60% during the forecast period. The Mexico credit card market is witnessing a tremendous growth speed, mainly through increased consumer spending, government initiatives for electronic payment promotion, and the steadily increasing popularity of digital transactions. A credit card is issued in plastic by a financial institution that allows the cardholder to make purchases on credit. It operates on a revolving credit system, wherein it enables customers to borrow the available amount up to their pre-approved limit and repay the borrowed amount along with a specific interest rate over some specified period. Credit cards have many attractions to consumers as well. These include convenience, security, and rewards. Cashless transactions are facilitated by credit cards that render it easier to buy goods and services online and even more so off the lines. The cash needed to be carried is reduced as credit cards provide a security layer. Further, most credit cards carry a rewards program. This may come in the form of cashback, points, or airline miles. Such rewards can be redeemed for various sorts of benefits. Credit cards provide the company with a convenient means of payment. It minimizes the need to manage cash and improves the firm's cash flow. They also provide some useful data on customers' spending habits, which can be used for targeted marketing and insights on business operations. Recent developments include: November 2021 - Mastercard collaborated with Jeeves, a business banking company that has worked with numerous Mexican businesses, to help alleviate credit access problems in Mexico. The company aims to help deal with the burgeoning FinTech ecosystem in the region with this partnership., November 2021 - Mastercard acquired Arcus FI, an alum of the company's Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America. Arcus helps to enable bill pay and cash-in, cash-out services for billers, retailers, fintechs, and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America. Its flagship solution, the Arcus Pay Network, has access to some of the largest retailers and direct connection with many of the largest billers in Mexico.. Key drivers for this market are: High Proliferation of Smartphones and Digital Initiatives, Favorable Changes in Regulatory Frameworks In the Country. Potential restraints include: Operational Challenges Involving Cross-border Payments. Notable trends are: P2B Segment is expected to witness strong growth.

Global Payment Processor market size is expected to reach $98.92 billion by 2029 at 11.1%, segmented as by credit cards, visa, mastercard, american express, discover, other credit card networks

The market share of domestic card brand RuPay did not reach the same heights in India as either Visa or Mastercard. Visa, especially, is popular in the Asian country, with a market share in 2023 of ** percent, an increase of ******percentage points from the previous year. Mastercard's market share grew by **** percentage points during the same timeframe. The share of cash in India declined significantly since COVID-19, whereas digital wallets became the most used in-store payment method. Noticeable is the growing use of credit cards for offline payments.

The Credit Card Networks market plays a pivotal role in the global economy, functioning as the backbone for countless financial transactions. These networks, which include prominent players like Visa, MasterCard, American Express, and Discover, facilitate electronic payments and enable secure and efficient transacti