Consumer credit gross lending is set to rise throughout the forecast period, with card lending and home lending likely to lead growth. Credit cards’ ever-growing range and variety of features and incentives - such as cashback - allied to financial players’ strong cross-selling strategies, will bolster credit cards usage in the country.
In the highly profitable consumer credit market, the competitive landscape is likely to become increasingly fierce, with new products, value-added services and players set to enter the fray. Players such as Revolut will continue strength their position in the country.
Boosted both by consumers as well as financial players, BNPL is expected to continue growing over the coming years with its usage becoming increasingly rooted, contributing to the increase in overall retail sales and the accelerating digitalisation of the economy. Rising inflation rates and the consequent downturn for consumer purchasing power over the latter half of the review period have fuelled the growth of BNPL in Portugal, and the trend will not lose steam any time soon.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Portugal with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Portugal, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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