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Development Trends in the Global Payment Card Market


Georgy V. KHETAGUROV Cand. Sc. (Econ.), Associate Prof. of Finance and Credit Dept.


The paper examines market structure and performance of international and domestic payment systems in the context of consumer and geographic segments, and identifies their key strategic growth areas. The research explores the role of state regulators in the payment card industry development and gives a forecast for its basic parameters for the future years. The author pays special attention to the quantitative analysis of the global payment card market’s payment infrastructure. The article quantifies, by means of correlation and regression analysis, influence of self-service terminal network development on the volumes of bank card payments in different regions of the world. The author suggests using the proposed regression model to predict various parameters of the payment card market.

Keywords: payment infrastructure; non-cash payment industry; payment cards; correlation analysis; regression analysis; correlation coefficients

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For citation: Khetagurov G. V. Development Trends in the Global Payment Card Market. Izvestiya Uralskogo gosudarstvennogo ekonomicheskogo universiteta – Journal of the Ural State University of Economics, 2018, vol. 19, no. 1, pp. 16−25. DOI: 10.29141/2073-1019-2018-19-1-2