Key trends faced by card issuers and their implications for the payment card industry

The payment card industry was relatively resilient to the global economic slowdown primarily due to strong growth in the developing markets of Asia and Latin America. Transaction volumes are expected to continue to grow with developing countries such as China and Brazil as growth engines. The average global value of card purchases has been slowly declining as consumers in developed nations cut down on their big ticket purchases.

The key payment card industry stakeholders of card acquirers, card processors, and card issuers are all witnessing shifting trends. This paper identifies three key emerging trends pertaining to the issuing side of the payment card industry.