Japan Credit Cards Market Size, Share, and COVID-19 Impact Analysis, By Type (General Purpose Credit Cards, Specialty and Others), By Provider (Visa, Mastercard, Others), and Japan Credit Cards Market Insights Forecasts to 2032

Industry: Banking & Financial


Japan Credit Cards Market Insights Forecasts to 2032

  • The Japan Credit Cards Market Size was valued at USD XX Billion in 2022.
  • The Market Size is Growing at a CAGR of 6.13% from 2022 to 2032.
  • The Japan Credit Cards Market Size is expected to reach USD XX Billion by 2032.

                Japan Credit Cards Market               

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The Japan Credit Cards Market Size is Expected To Reach USD XX Billion by 2032, at a CAGR of 6.13% during the forecast period 2022 to 2032.


Market Overview

Banks offer credit cards to their customers as a form of credit facility, enabling them to borrow money up to a predetermined credit limit. Customers can transact for goods and services using it. The credit card issuer establishes the credit limit by considering various factors, including income and credit score. In addition, credit cards offered by banks and other fintech companies facilitate the purchase of various services by customers using credit rather than cash at the point of sale. Instead, the buyer is given more time to gather the necessary funds because the charges are presented as a balance that must be paid off on a monthly billing cycle. The availability of low-cost credit cards and the growing need for cash substitutes are driving the expansion of the credit card payments market in Japan. Additionally, the growing credit card market in developing countries has a positive impact on market expansion in Japan. Product innovations that leverage blockchain technology to improve security are anticipated to present lucrative prospects for market growth in Japan throughout the forecast period.


Report Coverage

This research report categorizes the market for Japan's credit cards market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japanese credit card market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japanese credit card market.


Japan Credit Cards Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD XX Billion
Forecast Period:2022-2032
Forecast Period 2022-2032 CAGR:6.13%
2032 Value Projection:USD XX Billion
Historical Data for:2018-2021
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By Provider, and COVID-19 Impact Analysis.
Companies Covered: Rakuten Card, Aozora Bank, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Mizuho Financial Group, Japan Post Bank, Norinchukin Bank, Shizuoka Bank, JCB, Resona Holdings, Other.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The Japanese market for credit card payments is growing as a result of the growing need for easy substitutes for cash as well as the widespread availability of more reasonably priced credit cards. Additionally, the growing need for credit cards in developing nations is beneficial to the market's growth in Japan. However, technological advancements in product offerings, like the use of blockchain for increased security, are predicted to offer lucrative potential for the market's expansion during the forecast period.


Restraining Factors

Factors like the increase in credit card fraud are expected to hinder the market's expansion for credit card payments. Furthermore, developments in e-commerce have also led to an increase in the quantity of new payment app scams. In these situations, the customer either does not receive the product or is unable to track it. These elements hamper the market's expansion of credit card payments in Japan.


Market Segment

  • In 2022, the general-purpose credit cards segment accounted for the largest revenue share over the forecast period.

Based on the type, the Japanese credit cards market is segmented into general-purpose credit cards, speciality and others. Among these, the general-purpose credit card segment has the largest revenue share over the forecast period. Many credit card users are switching to premium cards because general-purpose credit cards provide a variety of exclusive benefits and incentives. Additionally, several businesses are offering their staff unique credit cards so they can monitor how much they spend on things like travel, buying supplies or inventory, and other obligations, which is driving the market's expansion.


  • In 2022, the MasterCard segment is expected to hold the largest share of the Japanese credit cards market during the forecast period.          

Based on the provider, the Japanese credit card market is classified into Visa, MasterCard, and others. Among these, the MasterCard segment is expected to hold the largest share of the Japanese credit card market during the forecast period. If a Mastercard credit card is lost or stolen, that issue will be solved quickly and the consumer will be replaced. They offer discount offers on Aeroplan tickets, there are a lot of benefits of a MasterCard credit card.


Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan credit cards market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.


List of Key Companies

  • Rakuten Card
  • Aozora Bank
  • Mitsubishi UFJ Financial Group
  • Sumitomo Mitsui Financial Group
  • Mizuho Financial Group
  • Japan Post Bank
  • Norinchukin Bank
  • Shizuoka Bank
  • JCB
  • Resona Holdings
  • Other


Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)


Recent Development

  • On March 2023, Greenhill & Co., Inc. and Mizuho Financial Group, Inc. announced that they had finalized an agreement for Mizuho to buy Greenhill for USD 15 per share, which translates to an enterprise value of about USD 550 million, including assumed debt. By this acquisition, Mizuho will probably build on Greenhill's 27-year history of advising important clients on major mergers and acquisitions, restructurings, and capital-raising transactions, and accelerate its growth strategy in investment banking.


Market Segment

This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Japanese credit cards market based on the below-mentioned segments:


Japan Credit Cards Market, By Type

  • General Purpose Credit Cards
  • Specialty
  • Others


Japan Credit Cards Market, By Provider

  • Visa
  • Mastercard
  • Others

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