PROSPECTS AND OPPORTUNITIES
Negative trend set to persist throughout the forecast period
The outlook for charge cards over the forecast period is poor, with circulation numbers and volume and current value projected to decline consistently. Together with limited accessibility, the increasing preference for credit cards among companies and consumers will continue to depress usage levels.
Commercial charge cards will remain the dominant category
The commercial category will continue to dominate charge cards over the forecast period, with there being very little prospect of personal products becoming more popular or widely available. The use of commercial charge cards will remain heavily concentrated among larger corporations, particularly multinationals.
Cost cutting efforts by businesses likely to further depress usage levels
The number of commercial charge card accounts in the Czech Republic looks set to contract throughout the forecast period. Aside from growing migration to credit cards, the projected decline reflects the fact that many companies in the country have recently been forced to focus on reducing overheads and other outgoings due to the rise in operating costs caused by the prolonged spike in inflation.
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Overview:
Understand the latest market trends and future growth opportunities for the Charge Card Transactions industry in Czech Republic with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Charge Card Transactions industry in Czech Republic, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Charge Card Transactions in Czech Republic report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Charge Card Transactions in Czech Republic?
- What are the major trends key to understanding Charge Card Transactions in Czech Republic?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Charge Cards in the Czech Republic - Category analysis
Charge Cards in the Czech Republic - Company Profile
KEY DATA FINDINGS
Use of charge cards is in long-term decline
American Express ceases issuing charge cards to Czech companies
Personal charge cards remains a negligible category
Negative trend set to persist throughout the forecast period
Commercial charge cards will remain the dominant category
Cost cutting efforts by businesses likely to further depress usage levels
Credit Cards in the Czech Republic - Category analysis
Credit Cards in the Czech Republic - Company Profile
KEY DATA FINDINGS
Volume and value transaction growth rates slow as usage patterns stabilise
Online shopping boom continues to favour personal credit cards
Competition from BNPL services intensifies
Improvements in economic conditions and financial literacy will underpin growth
Reward schemes set to remain a key battleground for issuers
Conservative borrowing habits and threat from alternatives will temper expansion
Debit Cards in the Czech Republic - Category analysis
Debit Cards in the Czech Republic - Company Profile
KEY DATA FINDINGS
Debit cards category profits most from growing adoption of cashless payments
Contactless transactions continue to rise
Czech parents show strong interest in debit cards for children
Growth in circulation numbers and transactions projected to remain solid
Use of debit cards for contactless payments set to become more widespread
More banks expected to start issuing single-use virtual debit cards
Pre-Paid Cards in the Czech Republic - Category analysis
Pre-Paid Cards in the Czech Republic - Company Profile
KEY DATA FINDINGS
More versatile open loop pre-paid cards from neobanks gain popularity
Growing use of employee benefit cards boosts open loop transactions
Digitalisation trend becomes more ingrained
Steady growth in circulation numbers and transactions predicted
Digitalisation will continue to gain momentum
Fintechs set to face greater challenge from banks in open loop pre-paid cards
Store Cards in the Czech Republic - Category analysis
Store Cards in the Czech Republic - Company Profile
Financial Cards and Payments in the Czech Republic - Industry Overview
Financial cards and payments in 2024: The big picture
Contactless payments continue to rise steadily
Czech National Bank launches Platba na Kontakt money transfer facility
Competitive landscape
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Charge Card Transactions
- Commercial Charge Card Transactions
- Personal Charge Card Transactions
Charge Card Transactions
A charge card (sometimes referred to as a Travel and Entertainment card) shares the “pay later” component with credit cards. However, charge card balances normally have to be paid off monthly and do not attract interest charges. Charge cards typically possess high (or even no) pre-set spending limits and may carry a high annual fee. Payments are tracked based on the country of residence / account issuance and include outbound spend while excluding inbound spend.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Charge Card Transactions research and analysis database.
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