New Market Study Published: Charge Cards in South Africa
Charge cards in circulation witnessed growth of 2% in 2013; relative to other card categories this growth remained fairly conservative, indicative of the niche nature of the product and the preference for more affordable products such as debit and credit cards. In the case of credit cards, consumers have the option of revolving balance, which when faced with tough economic conditions becomes particularly appealing to consumers who are attempting to better manage their finances.
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