Credit Card Issuance Services Market Report 2026

The credit card issuance services market size has grown strongly in recent years. It will grow from $565.47 billion in 2025 to $611.99 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to expansion of banking and nbfc ecosystems, increasing consumer demand for credit access, growth of card payment networks, rising outsourcing of issuance services, improvements in card processing infrastructure.

The credit card issuance services market size is expected to see strong growth in the next few years. It will grow to $860.5 billion in 2030 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing adoption of cloud-based issuance platforms, rising demand for instant virtual cards, expansion of fintech-bank partnerships, growing focus on real-time risk monitoring, increasing regulatory digitization initiatives. Major trends in the forecast period include acceleration of digital card issuance platforms, rising demand for white-label issuance services, expansion of api-driven card management systems, growing focus on compliance automation, enhanced fraud detection capabilities.

The expansion of e-commerce is poised to contribute to the growth of the credit card issuance services market in the foreseeable future. E-commerce, denoting electronic commerce, involves the online exchange of products and services. Credit cards enhance the convenience, security, and flexibility of e-commerce transactions, aligning with the increasing trend and popularity of online shopping. As of November 2023, according to the United States Census Bureau, e-commerce sales are projected to increase by 7.6 percent (1.2%) compared to the same period in 2022, with total retail sales increasing by 2.3 percent (0.4%). E-commerce sales are expected to constitute 15.6 percent of overall revenues in the third quarter of 2023. Hence, the surge in e-commerce growth remains a driving force behind the credit card issuance services market.

Major companies in the credit card issuance services market are adopting a strategic partnership approach to enhance credit access for newcomers. Strategic partnerships involve leveraging the strengths and resources of different companies for mutual benefits. In September 2023, HSBC UK Bank Plc, a UK-based banking and financial services organization, announced a partnership with Nova Credit, a US-based cross-border credit bureau. This partnership enables immigrants to include their overseas credit history when applying for a credit card with HSBC UK. The collaboration with Nova Credit, the world's first cross-border credit agency, allows newcomers in the UK to utilize their overseas credit history efficiently and at no cost when applying for an HSBC UK credit card. Customers applying for an HSBC UK credit card online can share their credit history from a growing list of 12 countries, including the United States, Brazil, Canada, Australia, the Dominican Republic, Kenya, India, Mexico, Nigeria, the Philippines, Switzerland, and Spain.

In March 2023, Clal Insurance, an Israel-based insurance company, acquired Max Credit Card for $687 million. This acquisition allows Clal Insurance to establish a presence in the Israeli credit market, strengthening its position in the consumer credit sector. Max will be integrated into Clal's operations, becoming a part of its insurance and finance business, thereby enhancing competition in the market. Max is a provider of credit card insurance based in Israel.

Major companies operating in the credit card issuance services market are JPMorgan Chase and Co., Bank of America Corporation, Citigroup Inc., American Express Company, HSBC Holdings plc, Capital One Financial Corporation, Barclays Bank PLC, U.S. Bancorp, Wells Fargo and Co., PNC Financial Corp., Goldman Sachs Group Inc., Synchrony Financial, Toronto Dominion Bank Group, Standard Chartered PLC, Fifth Third Bank NA, Navy Federal Credit Union, Huntington Bancshares Incorporated, Santander Bank N.A., PenFed Federal Credit Union, Comenity Bank.

North America was the largest region in the credit card issuance services market in 2025. The regions covered in the credit card issuance services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the credit card issuance services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The credit card issuance services market includes revenues earned by entities by providing services such as application processing, credit assessment, card production, card activation and delivery, and customer support. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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