Store Cards in South Africa

In 2024, the demand for store cards in South Africa continued to rise as local consumers’ disposable income weakened due to the higher cost of living. However, such demand increasingly faced lower approval rates due to retailers adopting a more restrictive credit policy to reduce exposure to bad debt and improve their cash flow management. A prominent example is Mr Price reporting a 32% increase in demand for new accounts in its half-year 2024 report, with only a 19% approval rate.

The Store Card Transactions in South Africa report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Store Card Transactions market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.