World’s top 10 credit card using markets

Although cash is considered as the most common form of payment, customers around the world prefer using plastic money for their purchases and expenditures.
According to the Nielsen Global Survey of Investment Attitudes released in July 2012, more than half of global respondents indicate they use credit cards and 43% use debit cards as a common payment method. Global usage of electronic wallets and checks are lowest at 15% and 10%, respectively.
The report states that respondents in Asia-Pacific are more receptive to using credit cards (59%) compared to other regions, and North Americans showed the highest propensity to use debit cards (63%). Middle Easterners are the least receptive to using either credit (29%) or debit (26%) cards as a preferred payment source.

Top 10 credit card using markets
Israel ranks number 1 on the list where the 84% of customers are receptive to using credit cards. Israel is considered as one of the most advanced economies in terms of economic and industrial development. According to the OECD, Israel is also ranked 1st in the world in expenditure on Research and Development as a percentage of GDP.

Top 10 credit card using markets
Hong Kong is number 2 on the list in which 76% of customers choose to pay by credit cards for their purchase. Hong Kong is one of the world’s leading financial centers with one of the greatest concentrations of corporate headquarters in the Asia-Pacific region and almost no import export controls.

Top 10 credit card using markets
France is number 3 on the list in which 75% of the customers choose to pay by credit cards for the purchases they make. Financial services, banking and the insurance sector are an important part of the country’s economy. French companies have maintained key positions in the insurance and banking industries.

Top 10 credit card using markets
Turkey is number 4 on the list in which 75% of the customers choose to pay by credit cards for their purchases. Banking is one of the key sectors in the Turkish economy. Strong and stable growth, retail and structural changes in the banking sectors have all contributed to a rise in foreign investment.

Top 10 credit card using markets
China is listed number 5 on the list in which 70% of the customers choose to pay by credit cards for their purchases. The country houses some of the most valuable banks in the world and is also the world’s second-largest consumer of luxury goods behind Japan, with 27.5% of the global share.

Top 10 credit card using markets
South Korea is number 6 on the list in which 70% of the customers choose to pay by credit cards for their purchases. It is considered as one of the worlds fastest growing economies which is mainly export driven. South Korea is also known as a high income developed country with a very high standard of living.

Top 10 credit card using markets
Japan is number 7 on the list in which 64% of the customers in the country choose to pay by credit cards for their purchases. This major economic power has some of the world’s largest banks and stands as the second largest in the world by market capitalization.

Top 10 credit card using markets
Singapore is number 8 on the list in which 62% of the customers in the country choose to pay by credit cards for their purchases. It is a highly developed market based economy. The World Bank has named Singapore as the one of the easiest places to do business.

Top 10 credit card using markets
Argentina is number 9 on the list in which 61% of the customers in the country choose to pay by credit cards for their purchases. Manufacturing is the single largest sector of the economy. This emerging market has a highly literate population and also benefits from natural resources.

Top 10 credit card using markets
Croatia is number 10 on the list in which 60% of the customers in the country choose to pay for their purchases by credit cards. The country is dominated by the service sector and its largest trading partner is the European Union.

Courtesy: http://in.finance.yahoo.com

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