Credit Cards’ Pandemic Response | Insider Intelligence – About Your Online Magazine

Early last year, the return on credit card assets (ROA) was set to change, but when the pandemic hit in March 2020 and curbed the appetite for debt, credit card spending plummeted and credit card openings accounts have stopped. emitters in trouble.

The rest of the year was defined by attempts to retain customers, recoup expenses and mitigate risks. Now the industry is focused on its future and how innovation can enable recovery.

In “Response to the Credit Card Pandemic”, we examine the extent to which the pandemic has halted the growth of credit card transaction volumes and mentioned what the next steps will be as the reopening progresses.

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Paula Fonseca