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Eurasia Payments Report 2011

Research Type: Overview
Published: 04 Apr 2011
Pages: 2
File Type: PDF
Size: 193kb
Analysts: The Paypers
Geographic Scope:    UK
Editions: Online Payments
Topics: MobileUpdate, Online-Payments, Product, Research, Services
Companies: Eurasia Insights

Credit card products in particular have borne the brunt of the crisis, with cardholders in Greece and Ukraine recording the largest changes in card usage.

The trend continues across the region where latest available statistics record a The number of credit cards in Greece dropped in 2009 by one million (a decline of over 14%) and by 3.8 million in Ukraine (a steep retraction of over 42%)decline in credit numbers across 15 of the 19 markets included in the report. The total number of payment cards in issue showed a smaller decline of around 1% owing largely to a noticeable switch to debit card products. Across Eastern Europe, the number of debit cards in issue increased by more than 3 million in the year to end 2009.

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