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Credit cards worldwide - statistics & facts
Worldwide
Credit card penetration varies significantly across the world, as consumers in some countries nearly all use a Visa or Mastercard issued credit card whilst these cards are barely used in other countries. According to survey data from the World Bank – which stems from 2017, as this was the last time this three-year survey was held – Canada, Israel and Norway were the only three?countries worldwide where credit card ownership among consumers?was over 70 percent. To compare, countries such as Bangladesh and Morocco both had a credit card penetration of 0.2 percent in 2017. Whether this situation changed somewhat in 2020 or 2021 is not clear, as newer data has not released yet.?Statista estimates that credit card ownership across the world in 2020?is still highest in Canada, although Japan now makes an entry in the top three. Noticeable are the high positions for several countries in Europe – Luxembourg, Finland, Norway – which?tend to do their online purchases outside of their national borders.