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North America Master Card Market Test Market
ID: MRFR/ICT/59280-HCR
200 Pages
July 2025
North America Mastercard Test Market Research Report By Payment Type (Credit Card, Debit Card, Prepaid Card, Virtual Card), By Distribution Channel (Online, Retail, Mobile App, Direct Sales), By User Demographics (Millennials, Generation X, Baby Boomers, Business Professionals), By Service Type (Standard Services, Premium Services, Corporate Services, Student Services) and By Regional (US, Canada)- Forecast to 2035
Industry Developments
Barclays was declared as the exclusive replacement for Goldman Sachs as the issuer of GM Rewards Mastercard cards in October 2024. This announcement was made in response to Goldman Sachs' decision to abandon consumer credit and concentrate on core banking and wealth services.
Bank of America introduced a unified application in March 2024 that integrates banking, credit, investment, and retirement interfaces into a unified experience. By mid-2023, over 58 million verified digital clients and 83% of households were digitally active, and annual digital interactions had surpassed 26 billion by 2024. Digital engagement continued to increase.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 13.86(USD Billion) |
| MARKET SIZE 2024 | 14.5(USD Billion) |
| MARKET SIZE 2035 | 21.5(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.646% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Goldman Sachs, Discover Financial Services, Wells Fargo, Bank of America, Truist Financial, American Express, Capital One, Visa, Citi, Square, PayPal, JPMorgan Chase, PNC Financial Services |
| SEGMENTS COVERED | Payment Type, Distribution Channel, User Demographics, Service Type, Regional |
| KEY MARKET OPPORTUNITIES | Increased digital payment adoption, Expansion of contactless payments, Growth in e-commerce transactions, Rising demand for fraud prevention, Enhanced loyalty program integration |
| KEY MARKET DYNAMICS | technological advancements, consumer adoption trends, regulatory changes, competitive landscape, payment security enhancements |
| COUNTRIES COVERED | US, Canada |
FAQs
What is the expected market size of the North America Mastercard Test Market in 2024?
The North America Mastercard Test Market is expected to be valued at 14.5 billion USD in 2024.
What will the market value of the North America Mastercard Test Market be in 2035?
By 2035, the North America Mastercard Test Market is projected to reach a value of 21.5 billion USD.
What is the expected CAGR for the North America Mastercard Test Market from 2025 to 2035?
The expected CAGR for the North America Mastercard Test Market from 2025 to 2035 is 3.646 percent.
Which region accounts for the largest share of the North America Mastercard Test Market?
The United States accounts for the largest share, with a market value of 9.5 billion USD in 2024.
How much is the Canadian segment of the North America Mastercard Test Market valued at in 2024?
The Canadian segment of the North America Mastercard Test Market is valued at 5.0 billion USD in 2024.
What are the projected values for credit cards in the North America Mastercard Test Market by 2035?
The projected value for credit cards in the North America Mastercard Test Market is 7.5 billion USD by 2035.
Which companies are considered major players in the North America Mastercard Test Market?
Major players in the North America Mastercard Test Market include Goldman Sachs, American Express, and JPMorgan Chase.
What is the expected market size for prepaid cards in 2035?
The expected market size for prepaid cards in the North America Mastercard Test Market is projected to be 3.0 billion USD in 2035.
What growth trends are anticipated in the North America Mastercard Test Market?
The North America Mastercard Test Market is expected to exhibit steady growth driven by increasing payment digitalization.
What will the market size for debit cards be in 2024 and 2035?
The market size for debit cards is valued at 4.0 billion USD in 2024 and is expected to grow to 6.0 billion USD by 2035.
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