38
39
CMSPI – IAC State of the Industry Report
CMSPI – IAC State of the Industry Report
Figure 2.2 – Card Market Shares for Issuers in Europe and the Middle East 52
Section 2.1.3 – Card Issuing Market Shares in APAC Australia has one of the most consolidated issuing markets in the APAC region, with the ‘Big 4’ banks (CBA, Westpac, NAB, and ANZ) accounting for over 80% market share. The issuing markets in South Korea, India, Indonesia and China have similar concentration ratios to each other, with the top 5 holding between 63% and 70% of the market. By contrast, banks in Japan are required to practice region-based relationship banking by the government, resulting in a more fragmented banking industry: the top 5 Japanese banks have a combined market share of slightly less than 50%. 53
52 Market shares are based on card transaction value. Some of the names have been shortened for legibility. Turkey from Euromonitor 2021. France, Italy, Spain, the UK, and the Netherlands from Euromonitor 2022. Germany from Euromonitor 2023. Saudi Arabia network shares from Worldpay Global Payments Report 2023.. 53 https://www.tandfonline.com/doi/full/10.1080/23322039.2015.1017947
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