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Yahoo
3 days ago
- Business
- Yahoo
Starter Credit Cards Strategic Business Analysis Report 2025: Market to Reach $587.1 Billion by 2030 - Financial Inclusion Initiatives and Youth Onboarding Fuel Demand
Understand the significant growth trajectory of the Student Credit Card segment, which is expected to reach US$371.3 Billion by 2030 with a CAGR of a 9.7%. The Secured Credit Card segment is also set to grow at 7.6% CAGR over the analysis period. Gain insights into the U.S. market, valued at $94.9 Billion in 2024, and China, forecasted to grow at an impressive 12.6% CAGR to reach $119.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Starter Credit Cards Market Dublin, May 28, 2025 (GLOBE NEWSWIRE) -- The "Starter Credit Cards - Global Strategic Business Report" report has been added to global market for Starter Credit Cards was valued at US$348.4 Billion in 2024 and is projected to reach US$587.1 Billion by 2030, growing at a CAGR of 9.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Starter Credit Cards market. Starter credit cards are specifically designed for individuals with limited or no credit history - such as young adults, students, recent immigrants, or those rebuilding credit after financial setbacks. These cards serve as an entry point into the formal credit ecosystem, offering low credit limits, simple approval processes, and features that help users establish and improve their credit scores over time. As access to credit becomes increasingly important for renting homes, securing employment, or obtaining future loans, starter credit cards provide a structured and low-risk way to build financial Are the Factors Driving Growth in the Starter Credit Cards Market?The global starter credit cards market is expanding due to increasing financial inclusion efforts, the digital transformation of credit access, and rising consumer demand for credit-building tools. As economic participation becomes more credit-dependent, and younger populations seek entry into the formal financial system, starter credit products are viewed as low-risk, high-impact solutions. The shift toward mobile-first platforms, alternative underwriting, and value-added education is enhancing both reach and retention across diverse user the credit landscape continues to evolve, the market's future growth will depend on how effectively issuers can balance accessibility, risk control, and user empowerment. Whether traditional banks and fintech disruptors can collaborate or compete to deliver inclusive, data-driven, and sustainable starter credit solutions will ultimately determine the pace and scale of market penetration - especially in emerging economies where credit access remains limited but demand is Are Fintech Innovation and Digital Onboarding Expanding Access to Starter Credit Products?Fintech companies and neobanks are disrupting the traditional starter card segment by offering mobile-first, no-fee credit cards with instant approvals and transparent terms. Many of these digital-first products leverage alternative credit assessment models, including income verification, employment data, or transactional history, allowing individuals with non-traditional financial profiles to qualify. These innovations are lowering barriers for underserved populations while improving customer experience through intuitive interfaces and real-time account onboarding has accelerated the accessibility and scalability of starter credit cards. With paperless applications, e-KYC, and AI-driven risk modeling, issuers can process approvals within minutes, even in previously underbanked geographies. Some platforms are also bundling starter cards with features like early paycheck access, credit score tracking, or budgeting tools, positioning themselves as holistic financial wellness providers. As competition intensifies, differentiation is shifting toward user empowerment and embedded financial guidance rather than traditional rewards or promotional Demographic Segments and Credit Needs Are Fueling Market Demand?Gen Z and younger millennials represent a primary growth segment for starter credit cards, driven by rising financial independence, digital banking adoption, and long-term credit planning. Many in this group are entering the credit ecosystem for the first time - often during college or early career stages - and prefer products that align with their digital-native expectations. Similarly, immigrant populations and thin-file consumers are increasingly seeking starter cards as a gateway to local financial integration and credit - consumers recovering from past delinquencies or bankruptcies - also constitute a significant user base. These individuals typically require secured credit cards or starter cards with low credit limits, but are motivated by the need to re-establish creditworthiness. Financial institutions are tailoring onboarding journeys, risk frameworks, and support services to accommodate these diverse consumer paths. As financial literacy improves and credit education becomes more accessible, the potential user base for starter credit products continues to expand across age, income, and geographic Are Regulation, Risk Management, and Financial Literacy Shaping Market Maturity?Regulatory oversight is playing a key role in ensuring transparency, consumer protection, and responsible marketing of starter credit cards. Policymakers in major markets are encouraging fair lending practices and mandating clearer disclosures around interest rates, fees, and credit limits. In some jurisdictions, financial institutions are required to provide educational materials or limit initial credit exposure to reduce default risk among new management strategies are evolving to include predictive analytics, AI-driven fraud detection, and real-time behavioral scoring to monitor credit utilization and repayment behavior. Issuers are also experimenting with tiered progression models - gradually increasing credit limits and offering product upgrades based on usage patterns and credit improvement milestones. These efforts, combined with growing financial literacy initiatives in schools, workplaces, and digital platforms, are reinforcing the responsible use of starter credit and minimizing the risk of Scope Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as American Express, Apple Card (Goldman Sachs), Bank of America, Barclays, BBVA USA and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Segments: Type (Student Credit Card, Secured Credit Card, Unsecured Starter Credit Card) Annual Fee (No Annual Fee Card, Low Annual Fee Card) Provider (Banks, NBFCs, Credit Unions, Other Providers) Tariff Impact Analysis: Key Insights for 2025What's Included in This Edition: Tariff-adjusted market forecasts by region and segment Analysis of cost and supply chain implications by sourcing and trade exposure Strategic insights into geographic shifts Buyers receive a free July 2025 update with: Finalized tariff impacts and new trade agreement effects Updated projections reflecting global sourcing and cost shifts Expanded country-specific coverage across the industry Key Attributes: Report Attribute Details No. of Pages 365 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $348.4 Billion Forecasted Market Value (USD) by 2030 $587.1 Billion Compound Annual Growth Rate 9.1% Regions Covered Global Key Topics Covered: MARKET OVERVIEW Influencer Market Insights World Market Trajectories Starter Credit Cards - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Financial Inclusion Initiatives and Youth Onboarding Fuel Demand for Starter Credit Card Products Fintech Platforms Offer Digital-First Starter Cards With Integrated Budgeting and Spending Analytics Low Credit Limit and Secured Card Options Enable Risk-Managed Credit Building for First-Time Users Embedded Rewards and Cashback Incentives Improve Engagement in Gen Z and Student Segments Credit Education Tools and App Alerts Support Responsible Usage and Timely Repayment Fintech-Bank Collaborations Create Pathways From Starter Cards to Full-Line Credit Products Fraud Monitoring, Freeze Features, and Parental Controls Enhance Trust in Teen and Youth Cards AI-Driven Risk Profiling Optimizes Credit Line Adjustments Based on Spending Behavior Growing E-Commerce Activity Accelerates Need for Digital Payment Tools Among New-to-Credit Users FOCUS ON SELECT PLAYERS Some of the 32 companies featured in this Starter Credit Cards market report include: American Express Apple Card (Goldman Sachs) Bank of America Barclays BBVA USA Capital One Chase (JPMorgan Chase) Citi (Citigroup Inc.) Discover Financial Services First PREMIER Bank HSBC Holdings Navy Federal Credit Union Petal PNC Financial Services Synchrony Financial TD Bank U.S. Bank Upgrade, Inc. WebBank Wells Fargo & Company For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Starter Credit Cards Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
5 days ago
- Business
- Business Standard
CARD91 Launches Full-Stack UPI Acquiring Switch to Power Merchant Payments at Scale
PRNewswire Bengaluru (Karnataka) [India], May 26: CARD91 is proud to announce the launch of its Full-Stack UPI Acquiring Solution to power merchant and corporate payment collections. With UPI surpassing 18 billion monthly transactions--and over 60% attributed to Person-to-Merchant (P2M) payments--acquiring has emerged as a critical driver of growth. Yet, significant gaps remain in the current ecosystem. CARD91's acquiring module within Blitz addresses these challenges head-on--offering a scalable, regulatory-compliant, and future-ready infrastructure tailored to the evolving needs of issuers and ecosystem players. Key Features of CARD91's UPI Acquiring Solution: * Seamless DIY merchant onboarding with AI-powered checks to reduce fraud and streamline the process. * Instant VPA creation and QR code generation (both static and dynamic). * Full transaction lifecycle management, including reconciliation and settlements. * Comprehensive bank and merchant portals for operational control and advanced reporting. * Bulk disbursals and collections for corporates through Netbanking. * API-first architecture, with well-documented endpoints and response codes for smooth integrations. * UPI IPO Management, enabling IPO applications via ASBA through UPI. Ajay Pandey, CEO of CARD91, remarked: "This launch represents a pivotal step in our mission to transform UPI acquiring infrastructure in India. From empowering micro-merchants to supporting corporate acquiring, our platform is built for scale, resilience, and adaptability. We are committed to enabling our partners to grow confidently in an increasingly dynamic digital payments landscape." CARD91 is certified for UPI 2.0 acquiring, supports 2000+ transactions per second, maintains ~0% technical declines, and ensures 99.99% uptime. With integrated mobile apps and web portals for merchants, and centralized UPI control centers for banks, the solution is robust, intuitive, and cloud-deployable. Whether enabling micro-merchant collections, expanding QR coverage, or launching a white-labeled merchant app, CARD91's acquiring stack is fraud-checked, compliance-ready, and built for scale. This launch further reaffirms CARD91's commitment to strengthening India's digital payments infrastructure--delivering speed, simplicity, and scale to ecosystem players committed to responsible digitization. About CARD91 CARD91 is an Issuance Platform-as-a-Service company providing unparalleled technology infrastructure to banks, prepaid license holders, and authorized dealers. The company enables them to issue various payment instruments (PPI, Credit Cards, Multi-currency Cards, UPI, and now, Credit Line on UPI) to their customers--ensuring seamless issuance and enhanced control. CARD91's support for multiple use cases aligns with its vision of making issuance seamless and swift for Issuers. With a team of 100+ professionals, CARD91 operates across key financial hubs, including Mumbai, Bangalore, Delhi, and Chennai. For more information, visit or contact sales@
Business Upturn
5 days ago
- Business
- Business Upturn
CARD91 Launches Full-Stack UPI Acquiring Switch to Power Merchant Payments at Scale
By PR Newswire Published on May 26, 2025, 14:30 IST BENGALURU, India , May 26, 2025 /PRNewswire/ — CARD91 is proud to announce the launch of its Full-Stack UPI Acquiring Solution to power merchant and corporate payment collections. With UPI surpassing 18 billion monthly transactions—and over 60% attributed to Person-to-Merchant (P2M) payments—acquiring has emerged as a critical driver of growth. Yet, significant gaps remain in the current ecosystem. CARD91's acquiring module within Blitz addresses these challenges head-on—offering a scalable, regulatory-compliant, and future-ready infrastructure tailored to the evolving needs of issuers and ecosystem players. Key Features of CARD91's UPI Acquiring Solution: Seamless DIY merchant onboarding with AI-powered checks to reduce fraud and streamline the process. Instant VPA creation and QR code generation (both static and dynamic). Full transaction lifecycle management, including reconciliation and settlements. Comprehensive bank and merchant portals for operational control and advanced reporting. Bulk disbursals and collections for corporates through Netbanking. API-first architecture, with well-documented endpoints and response codes for smooth integrations. UPI IPO Management, enabling IPO applications via ASBA through UPI. Ajay Pandey , CEO of CARD91, remarked: 'This launch represents a pivotal step in our mission to transform UPI acquiring infrastructure in India . From empowering micro-merchants to supporting corporate acquiring, our platform is built for scale, resilience, and adaptability. We are committed to enabling our partners to grow confidently in an increasingly dynamic digital payments landscape.' CARD91 is certified for UPI 2.0 acquiring, supports 2000+ transactions per second, maintains ~0% technical declines, and ensures 99.99% uptime. With integrated mobile apps and web portals for merchants, and centralized UPI control centers for banks, the solution is robust, intuitive, and cloud-deployable. Whether enabling micro-merchant collections, expanding QR coverage, or launching a white-labeled merchant app, CARD91's acquiring stack is fraud-checked, compliance-ready, and built for scale. This launch further reaffirms CARD91's commitment to strengthening India's digital payments infrastructure—delivering speed, simplicity, and scale to ecosystem players committed to responsible digitization. About CARD91 CARD91 is an Issuance Platform-as-a-Service company providing unparalleled technology infrastructure to banks, prepaid license holders, and authorized dealers. The company enables them to issue various payment instruments (PPI, Credit Cards, Multi-currency Cards, UPI, and now, Credit Line on UPI) to their customers—ensuring seamless issuance and enhanced control. CARD91's support for multiple use cases aligns with its vision of making issuance seamless and swift for Issuers. With a team of 100+ professionals, CARD91 operates across key financial hubs, including Mumbai , Bangalore , Delhi , and Chennai . For more information, visit or contact [email protected]. Logo: View original content: Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same. PR Newswire is a distributor of press releases headquartered in New York City.
Mid East Info
15-04-2025
- Business
- Mid East Info
Muzn Offers Exclusive 50% Discount on talabat for Credit Cardholders - Middle East Business News and Information
15 April, 2025 Muscat: NBO Muzn Islamic Banking has announced that it offers its credit cardholders a 50% discount on talabat orders. This initiative, which will run until April 30th, 2025, enhances customer benefits while promoting hassle-free digital payments. With this campaign, Muzn Islamic Banking aims to provide added convenience to customers by encouraging streamlined digital transactions. Cardholders can enjoy effortless payments and instant savings when using their Muzn Islamic Banking Credit Card on the talabat app, ensuring a rewarding banking experience. Salima Obaid Issa Al-Marzoqi, Assistant General Manager and Chief Islamic Banking Officer said, 'At Muzn Islamic Banking, we continuously strive to enhance our customers' financial experiences with meaningful and practical benefits. Our partnership with talabat reflects our commitment to providing seamless, value-driven banking solutions that cater to evolving customer needs.' Stephane Berton, Managing Director of talabat Oman said, 'We are excited to offer customers even greater value through the exclusive partnership with Muzn Islamic Banking. With a 50% discount on talabat orders, we aim to reward our loyal customers while ensuring seamless and convenient experiences.' The campaign promotes credit card usage, boosts customer engagement, and attracts new customers seeking additional advantages in their banking experience. By integrating value-driven digital payment options, Muzn Islamic Banking strengthens its position as a leading Islamic banking provider that prioritises customer satisfaction. To benefit from this offer, customers can use their Muzn Islamic Banking Credit Cards when placing orders on talabat. The discount is automatically applied upon payment, ensuring a smooth and effortless experience. For more details on Muzn's exclusive talabat offer, visit the nearest Muzn Islamic Banking branch, explore digital banking channels, call 24770001 or visit
Biz Bahrain
04-03-2025
- Business
- Biz Bahrain
100% Cashback for 100 Lucky Winners in Celebration of the Holy Month of Ramadan
Khaleeji Bank, one of the leading Islamic Banks in the Kingdom of Bahrain, is celebrating the advent of the Holy Month of Ramadan with its valued clients by launching exclusive and distinctive offers for Khaleeji Credit Card holders, offering the chance to receive a full 100% Cashback for 100 lucky winners, in addition to many other benefits. This unique Ramadan offer enables the bank's Credit Card holders to enjoy 100% Cashback on purchases made during the Holy Month using their Khaleeji Credit Cards at supermarkets, restaurants, cafés, and through mobile applications. This includes both the primary Credit Card and any supplementary cards issued. The campaign will run throughout Ramadan, reflecting Khaleeji's commitment to sharing the joy of various national and Islamic occasions with its clients, particularly during Ramadan which is considered an ideal opportunity to encourage generosity and sharing. Commenting on this initiative, Ms. Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, stated 'We are delighted to share the joy of the Holy Month with our valued clients by launching this rewarding campaign, which embodies Khaleeji's dedication to providing exceptional banking services that meet our clients' expectations and offer financial solutions during this blessed month.' She added: 'We encourage all our valued clients to seize this unique opportunity during the Holy Month and apply for their Credit Cards today, using them for their purchases at supermarkets, restaurants, cafés, and through mobile applications to stand a chance of being among 100 lucky winners of a full 100% Cashback, as well as enjoying many exclusive benefits that include discounts at over 100 commercial outlets in the Kingdom of Bahrain during Ramadan.' Khaleeji is a leading Islamic Bank that strives to achieve clients' ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari'a-complaint banking services and investment opportunities to individuals and companies.
