Источник актуальной информации – для профессионалов

Cards, Electronic, Internet and Mobile Payments. ID, NFC, FRID Technologies. IT, CRM, ERP Solutions. Innovations. Experience. Business. Social Projects.

Monday, 14 October 2019

NBU currency exchange rates

EUR 0
USD 0
RUR 0
News

08 February 2013

Card Spending Juices GDP, Especially in Emerging Markets

A new study provides further evidence that credit and debit card payments actually contribute billions of dollars to global economic growth, especially in emerging economies where millions of residents are underbanked, many operating in underground economies.

The results, which analyze data from 56 countries that together make up 93% of global gross domestic product, were pulled from 2008 through 2012, a time defined by deleveraging.

Mark Zandi, chief economist of Moody’s Analytics, argues card contribution to global GDP could have been even greater had the U.S. not been in the clutches of the Great Recession, which gave birth to a cautious consumer focused on paying down debt and led banks to tighten lending standards, making it difficult for people to take out loans or increase borrowing lines.

http://www.foxbusiness.com/


Plastic Cards' Production and Personalisation
25 July 2012
12 July 2012
Researches and Reviews
10 December 2013
12 August 2013