Global Industry Analysts, San Jose, Calif., has released a new report,”Payment Cards: A Global Outlook,” that provides statistical anecdotes, market briefs, and summaries of research findings concerning payment cards. One of its findings is that payment cards have emerged as a secure alternative to paper-based payments among consumers. Convenience, security and ease of use are the major factors encouraging consumers to use these cards for day-to-day transactions. Plus, the report notes, adoption of contactless technology is expected to boost market prospects.
The report also provides a summary of recent mergers, acquisitions and other corporate developments in the industry and includes a look at major regional markets, including the United States, Canada, Japan, Europe, Austria, Belgium, Germany, Hungary, Italy, Switzerland, UK, China, Hong Kong, Malaysia, South Korea, Argentina Brazil, and Mexico.
Read more here.